In this week’s bulletin:
** A wild week in cryptoland…
** Don’t get burned in the next shake-out…
** Tune in to Round the Clock Trader…
If you’re holding bitcoin, ether, ripple or any other cryptocurrency, chances are you’ve had an exciting time of it lately.
These things have been throwing off some crazy moves. Bitcoin dropped almost 25% in a couple of days over the weekend. Some of the others even more.
But it’s all ok. The price has rebounded. The crypto craze is alive!
I must say, I’ve not been involved in bitcoin or any of the other cryptocurrencies yet. It’s not that I’m sceptical about them. I just don’t know enough to feel confident in putting my hard earned at risk in that pot.
But I’m seriously considering it. I’ve read some good stuff about cryptos and I reckon they’re here to say, in some form or other.
One thing, though… there’s an awful lot of bandwagon jumping going on! There are now over 900 cryptocurrencies. And people are launching new ones all the time.
To me, that really does smack of the kind of dodgy dealing that always crops up during a mania. People peddling worthless junk to hyped-up investors desperate to cash in on the next big thing.
So let’s be careful out there. There’s money to be made from cryptos. But there’s money to be lost too. Try and be on the right side of the trade.
Bitcoin and the rest may have recovered what they lost over last weekend. But there will be more shake-outs to come. And that means people will get burned.
For what it’s worth, my idea (if I decide to go in) will be to play with a small amount – and basically write it off. That way, I don’t get burned too badly if it goes belly-up. And if it goes well, I make some.
Meantime, I’ll save the bigger part of my trading pot for the markets I really understand… forex, stocks and commodities.
And if you haven’t a clue about what cryptocurrencies are… or you’d like to know more about them… I’ve some good news.
As you know, tomorrow is Round the Clock Trader and Simon’s lined up veteran trader, John Piper, who’s been making good money in the crypto space, to show us how he does it and how you can profit too.
John’s been trading for years and has a lot of fans of his simple-to-follow strategies for trading the markets. So if you’d like to hear his take on cryptocurrencies and how you can make money from them, register for this free event:
Register free for Round the Clock Trader- https://attendee.gotowebinar.com/rt/4116700557951945217
John’s on at 2pm (BST) to talk cryptos.
But there’s plenty more Simon’s got lined up for tomorrow’s all-day event. So be sure to get your name down and tune in from 9am.
Check out the 12-speaker line-up you can dip in and out of during the day:
9.00am – Live Trading with Thiru Nagappan, Master the Markets
10.00am – How to find high-quality shares to create a worry-free portfolio – David Paul, VectorVest UK
11.00am – Catching the Big Moves in 20 minutes a Day – George Hallmey, Click Events
12.00pm – Live Review of FX and Stock Markets – Carol Harmer, charmertradingacademy.com
12.30pm – How to identify and connect with the best mentors – Peter Watson, Pelican Exchange
1.00pm – How to Analyse the Markets with Elliot Wave – Thierry Laduguie, e-yield.com
2.00pm – Crypto Currency Trading – John Piper
3.00pm – How to Trade the News… Effortlessly – Rob Colville, The Lazy Trader
4.00pm – Creating A Rock Solid Risk Management Strategy – Alistair Crooks, Traders Support Club
5.00pm – A Step By Step Plan To Eliminate The Gamble And Inconsistency In Your Trading – Bo Yoder
6.00pm – Day-trading strategies I use…every day! – Charlie Burton, Ezeetrader
7.00pm – Why We Are Not Made To Trade And What You Can Do About It! Dave Landry, Davelandry.com
8.00pm – How to identify trends and opportunities in aggressive option activity – Christian Fromhertz, Tribeca Trade Group
Plenty of big names there – Simon’s put together a great event once again. I reckon there’s something for everyone there. And if you’re keen to learn from experienced traders, I should try to stay on for the duration. You’ll get loads of great ideas.
The most important thing is to register for free now – then you’ll receive the link you need to watch the event tomorrow. Without registering, you’ll miss out.
Click here to get your name down now.