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AIA really got me this time.
When it was at 0.77, I thought it had risen too fast, so I decisively went short—ended up holding till 0.9 before I couldn’t take it anymore and cut my losses. I thought I’d wait for another opportunity, but at 1.01 I got itchy and went short again, thinking surely it would pull back this time, right? Who knew it would shoot straight up to 1.14, liquidation warnings popping up nonstop, and I had to cut my losses again.
The most painful part? There was this guy who called “short at 1.2, can’t go wrong” back when it was 0.7. Looking back now, it’s like he could see the future.
After getting burned twice on shorts, I’ve figured it out—if you can’t beat them, join them. I just went long, betting on whether I can make it across this time. If I get burned again... I might seriously consider quitting crypto and doing manual labor instead.