This is going to be an awesome day on many fronts – for all of us. My fourth and final Crypto Trading Masterclass is scheduled for later this afternoon at 3:00pm Eastern. Which means I may actually get to sleep more than four hours the first time in weeks, and perhaps even remember my wife’s first name again.
After some initial trepidations the Mole has turned himself into a mean lean crypto webinar producing machine. Which really cracks me up because I almost soiled myself the day of the first one and now I can’t wait for the ‘big one’ which is scheduled for the coming Wednesday at 3:00pm Eastern.
Yes, you heard that right – I had to make another change to the calendar as there simply is too much to do ahead of the big launch. Exhaustion levels are pushing in the red zone.
Following on the heels of last week’s outstanding 35% gains. We made 25% YESTERDAY. Not a typo. And my small cracker test account I started three months ago with $5k I am up to $100K. That’s nearly what most people make in a normal year IN ONE DAY!
HOW?
This is going to be a quick drive by post as I have my second crypto trading masterclass scheduled for tonight at 4:00pm Eastern. Be there or be square! Anyway, yesterday’s drop in equities at first look like the real McCoy but then – true to form – yet another floor materialized late in the session.
As you may recall I hosted my first live webinar last Sunday. Never having done a live online session before I almost soiled myself in the first few minutes as I was more nervous than a long-tailed cat in a room full of rocking chairs. After about two slides I loosened up a bit and we ended up having a lot of fun.
In case you wonder, no I didn’t just pull that one out of my rectum, and yes it’s a real thing. In fact vomma is officially listed as one of the option greeks (check it out over on Investopedia). And it also happens to be one of the more exotic indicators of implied volatility that is very carefully monitored by professional option traders. And let me assure you that they are ALL keeping a very close eye on it this very week. But why?
I don’t know how exactly but Convict Scott (friend of the blog and my long time debt enforcer) somehow talked me into hosting a live webinar series on the crypto trading system we’ve been putting together over the course of the past year, and then traded from $70,000 to slightly under $1M since January. And we can show you the account to prove it. Barring any technical show stoppers the plan is run the first webinar sometime this Sunday at 12:00pm EST. Sign up to my Facebook group in order to be notified.
After almost a year of complete silence I guess I had to come out of the crypto closet at some point. Some of you may have been wondering why any self respecting market megalomaniac would continue to neglect the fastest growing financial sector bar none. Especially given that Bitcoin and Ethereum as well as the blockchain are starting to gain widespread acceptance. Even Paypal and Mastercard recently jumped on the bandwagon and whether you like it or not, at this point it’s fair to say that crypto is becoming mainstream.
If you don’t own any crypto you are probably sick of dickwads who don’t know the first thing about trading constantly bragging about how easy this is.
And let’s face it, when you say it out loud paying $60,000 for a bitcoin sounds batshit insane.
Almost as insane as making your first million dollars from “CUMROCKET COIN”
So here I was mid session yesterday, getting all giddy watching the tape grind its way higher, with the prospect of cashing out my boatload of SPY butterflies at 423 for a princely premium in my immediate grasp. However that silly grin on my face quickly gave way to an Acme style jaw drop when the White House announced its plans to double the capital gains tax, as high as 43.4%, for wealthy individuals. Not sure if that includes the likes of you and me but it’s becoming abundantly clear that heydays of low taxation are now officially over.