#2 When demand goes parabolic, don’t try to pick a top
Seeing so many people get behind the craze so quickly, there are those that are already saying this is a passing fad, that OGS will have its 15 minutes of fame and the world will predictably move on. The numbers, however, paint a different picture. If these skeptics were traders, they would be thinking that now would be the right time to go short, however a second look at the charts and stats might be enough to save them from having their trade explode. If the traders were “technical”, they might look to the charts of the viewing stats for the video and see an exponential move higher, a sign that emotions are still running high. How long can this go on for? The answer is that it’s anybody’s guess, and as any experienced trader can tell you, “the market can be wrong longer than you can stay liquid”.
