Trading Crypto and Stocks

crypto stocks

Here I am extremely excited about this video because I haven’t got a clue what the answer is because somebody has just asked me you know. We teach both which one should we start with you know which one we start with stocks first versus cryptos, man, well, my background is stocks

that’s what I’ve been trading forover20 years it’s my bread and butter you know to where we’re making our money and then cryptos came along you know about four years ago where we really

started focusing on it and we started making more money in trading crypto and stocks than we did in stocks.

Why though because of the mass of volatility compared to the relatively small volatility in stock and this is what’s so interesting people say the stock market you know really listen why don’t you spend a day looking at this and then you’ll think this is nothing this is nothing, but you know you got to start somewhere so I say to people well you know you know what’s your risk tolerance like what would you know are you okay to take on a little bit of risk because even when you put money in the bank you are taking a little bit of risk the bank could go you know could go bankrupt you know so there’s always when you’re investing there’s always a risk but the point is it’s this is more volatile. So, therefore, that doesn’t make it riskier but your reaction to that volatility makes it riskier.

Let’s say you’re in a trade and it shoots up and you’re supposed to let it run that’s one of the two golden rules is to let your profits run if possible but you’re like oh my it’s you know it’s gone up seven percent in an hour I don’t know what to do and you kind of you panic and you take your profit now you bank seven percent but it was the wrong thing to do because of the strategy.

let your profit run

let your profits run what you should have done is take a stop loss and put it boom right underneath it and then if it would have carried on going up you can follow it up and you could have made another seven eight nine ten percent. It would have gone down, and you would have gotten your seven percent, and that’s that is risky because you need those winners to really go up, I mean we have people who made 68 on one trade. Just one trade you know that was on stocks a lot more on cryptos one of my positions is up over 3,000 right now and this isn’t back in 2017.

Where and I show people my account all the time on the webinars and there was14 000 on my new position so you can see the difference between volatility and cryptos and stocks. let me give you another example let’s just say that

it goes down and for whatever reason, you didn’t put a stop loss in maybe you were using a crypto investment strategy, and maybe it wasn’t a training strategy maybe that’s why well this thing is going to go down. You know like really fast you’re going to panic you know and you don follow the strategy. What I’m saying is when the emotions group in general intelligence comes down. So, therefore, we like to place our trades when the stock market or the market if you like is closed then there is no emotion and there we go because the stocks open between a certain time during the day we generally do the American market so it’s between 2 30 and 9. Whereas here cryptos are open 247 24 7. even forex is open on a Sunday evening then all-night all-day Monday all night Tuesday all night and then you know five days and then it closes on Friday evening. Whereas Crypton is literally 247 so there are endless opportunities for you to make money. It sounds like I might be leaning towards cryptos which I am if you know what you’re doing if you don’t know what you’re doing if I were you it would start with stocks. So, as a beginner, I would start with stocks learn methodologies practice on a demo account getting in without emotion coming out without emotion proving to yourself that you can really follow the rules.

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Investment in Crypto stocks: There are Main Differences

  • Ownership
  • Market access
  • Issuance limits
  • Trading pairs

Other Differences in Crypto and Standard Markets

  • Liquidity
  • Transparency
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