The Crypto Pivot: Key Takeaways
- No boredom for this trader — when penny stocks slow down Matt Monaco looks for crazy volatility in crypto land. Check out what he finds!
- See how Matt applies his penny stock knowledge to trading sketchy crypto. (It’s all about the patterns!)
- Learn about what Matt calls Moon Jumpers — and why you need to know this ASAP…
URGENT: DON’T MISS THIS CRYPTO PHENOMENON — SIGN UP FOR TONIGHT’s LIVE TRADING NOW!
What You Can Learn About Crypto Now
document.write(new Date().getFullYear()); Millionaire Media, LLCI don’t trade crypto.
I’ve worked for 20+ years to develop my penny stock trading strategy. And I’m sticking with it.
While crypto penny stocks cross my radar, I don’t have aspirations of expanding into trading cryptocurrencies. Between teaching and trading, I don’t have time!
That being said, I don’t think trading crypto is a bad idea. In fact, I have a Trading Challenge student, Matt Monaco, who’s killing it in the super-hot crypto sector right now, and he offered to show my followers everything…
Sign Up For Matt’s No-Cost Crypto Moon Jumps Event Here
Interested in exploring this explosive sector? Here’s your opportunity. You don’t want to miss this. Read on and I’ll tell you the latest about Matt’s crypto adventure…
Matt’s Crypto Pivot
document.write(new Date().getFullYear()); Millionaire Media, LLCMy student Matthew Monaco passed the million-dollar profit mark in January 2021. It was at the height of the GameStop Corp. (NYSE: GME) short squeeze madness. Check out this round table I recorded with several top students, including Matt, during that insane trading week…
Here’s what I want you to take away from this post … Matt understands the importance of adapting.
He knows that if and when the market shifts, he has to change things up to stay in the game.
Transitioning to Crypto
Despite his astounding success in late 2020 and early 2021, Matthew saw stocks start slowing down in March 2021.
Manias & bubbles are fun, but they ALWAYS end badly for unprepared newbies…I've been warning since February, go back and look through my tweets. NEVER forget that singles, NOT home runs, add up the most over time & you must adapt to changing markets…or you will get decimated!
— Timothy Sykes (@timothysykes) May 12, 2021
In March, Matt complains that he “only” made $22,332 trading penny stocks. But instead of just whining about it, he decided to think strategically.
Matthew wants to go where he sees opportunities. Crypto has a lot of appeal. It’s extremely volatile, for one.
And Matt spotted some patterns he recognized in altcoins. What kind of patterns? Penny stock patterns.
Yes, crypto is a different type of trading. But my biggest lessons and rules — like cutting losses quickly and sticking to trading plans — still apply.
Matt knows that (he’s an excellent student and trader). And now he’s found incredible success trading crypto and altcoins. Just look at March alone — he made $60,293 in crypto. Yep, he made nearly triple trading crypto than he did trading penny stocks that month.
Why Crypto and Why Now?
document.write(new Date().getFullYear()); Millionaire Media, LLCThere’s no doubt crypto has been on a wild, volatile ride this year. So why crypto? Here are a few reasons — emphasis on few. We’ve had a lot of headlines centered around crypto this year:
- China’s crackdowns on digital currencies
- El Salvador adopted BTC as its national currency
- Venezuela launched its own national cryptocurrency
And that’s just a few items of big news. So what else can traders watch for?
Incredible Catalysts
Crypto has been trending big time since 2017. That’s when Bitcoin went from $900 to $20,000 in less than a year.
It had a huge crash following that boom. But crypto definitely caught the public eye, and it started to catch on. More and more cryptocurrencies have entered the market since then.
More recently, there have been a few incredible catalysts that have brought even more attention to crypto, including…
Bitcoin Runs
BTC has been up and down all year. It trended up BIG in January, then pulled back. Then it hit nearly $65,000 in April. And it pulled back again.
Now BTC is trading over $61,000. Yep, it’s volatile — and can bank some monster runs. When that happens, we can see altcoins and crypto penny stocks join in the momentum.
Regulation Rumors
Part of the appeal of crypto is its lack of regulation and oversight. That could change … maybe. What’s most notable now is that the mere mention of government regulation can stir crypto runs.
Remember, it’s all about opportunity for adaptable traders like Matt. Kinda like with penny stocks.
Remember the Doge Madness?
Dogecoin is the crypto that everyone loves to hate. Just last year, it was trading for fractions of a penny.
Then in early April 2021, it was hovering at around 5 cents. Then it broke out to nearly 75 cents in May. No, it didn’t stay there.
But this kind of volatility reminds me of penny stocks…
These are the kinds of moves possible, even with a coin that started as a JOKE. And crypto is still in its infancy — meaning there’s still a lot of untapped potential.
Learn How You Can Tap Into Crypto Potential
document.write(new Date().getFullYear()); Millionaire Media, LLCI get it. It’s hard for some traders to take crypto seriously. But just since 2017, we’ve seen huge changes.
And traders like Matt want to help you understand everything you need to know about trading cryptocurrencies and altcoins.
According to Matt, “It’s a wildly different market but full of opportunities. Similar to penny stocks, altcoins are the Wild West. You can see 1,000%+ moves in days, but naturally, those returns come with a higher risk.”
I think it’s in every trader’s interest to dig into the world of trading crypto with Matt. Not only can you learn a new niche, but you can also better understand the overall market. That’s never a bad thing.
As for credentials? Remember, Matthew collaborated with me on my 30-Day Bootcamp for trading penny stocks.
So I know Matt is more than capable of introducing trading concepts in manageable, easy-to-absorb lessons.
Ready to Join the Crypto Revolution?
document.write(new Date().getFullYear()); Millionaire Media, LLCIt’s not every day you get to see the creation of a whole new asset class. Crypto has revolutionized the world of finance, and it’s just getting started.
Interested in getting in on the hot crypto trend? Don’t be hasty. Take the time to learn the rules before you start throwing money at the market.
By investing in your education, you’ll be better positioned to recognize opportunities when they come along.
Matt’s Crypto Moon Jumps event offers an amazing opportunity to learn some key basics of trading crypto. Don’t miss this opportunity!
This LIVE event takes place on Thursday, November 4, at 8 p.m. Eastern. And Matt will host a live Q&A after the event. Come prepared with your questions!
Click Here To Reserve Your Spot In Matt’s Crypto Moon Jumps Event Now
What do you think? How will you expand your crypto trading knowledge? Leave a comment and let me know!
The post My Top Student’s Crypto Pivot + An Opportunity For You appeared first on Timothy Sykes.
Original source: https://www.timothysykes.com/blog/my-top-students-crypto-pivot/
