Bitcoin wipes out the “Trump bump”
The crypto market dropping like a car off the White Cliffs of Dover
Do you hear that?
😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱
That’s the wailing and gnashing of teeth as Bitcoin falls below support and takes out another swing low.
Although I do have some trades on that are related to crypto, I don’t have any long exposure to Bitcoin directly.
But I’m feeling the pinch today, too.
Just like every other bull.
Does that scare me out of my trading?
Am I panicking?
Will I be running around the markets like a chicken with its head cut off?
Haha ... NOPE!
Something I teach in my complimentary Options 101 thirty minute course (which you can grab access by simply subscribing to this free newsletter below) is that given enough time, the bulls win.
I stopped trying to call the top years ago. I trade in a bullish way because that’s the way the markets play out over time.
Sure, there could come a time when that ends — when the bears rest forever control from the bulls and we enter a permanent depression — but is that likely?
Of course not.
Just look at the history of the stock market.
Even when we hit the deeper recessions and depressions (like the 1929 crash or the 2008 Great Recession), we eventually come out of and make new all-time highs.
And then make some more highs.
The way I see it, there’s simply no reason to hit the panic button and abandon ship on my trades.
In fact, so far this week I’ve already added another 1.07% into my account.
Yes, I trade a specific system that adds money into my trading account even when the markets are droppin’ like its hot.*
(*not a promise of results, see the disclaimers at the bottom of this email.)
Thus, I don’t panic.
I stay patient.
And I keep collecting premium.
If that sounds interesting, you can check out my trading system here:
» Trading EmpIRA (course & community) «
— Ricky Ketchum
Important disclaimer: I’m not a professional advisor; I’m a guy sharing what I’ve learned and giving my opinion. This is why any financial information I provide is general in nature and for educational purposes only. If you want or need financial, tax, legal or any other professional advice, then please consult an appropriate professional advisor. You are responsible for your own investment decisions.
Also, any results I show are not typical earnings. In fact, there are no guarantees that you will make money at all, and you may even lose all your money. Because Options trading — like Crypto, Forex, Stocks and Bonds, Mutual funds, or any other investment instrument — is inherently risky and can lose money. Do not invest money you cannot afford to lose. Do not borrow money to invest.
All trade ideas shared are solely for your own educational purposes and are NOT trade alerts. They are NOT trading advice in any form. What they are is an illustration of trades that fit my style and you should only use them for educational and illustrative purposes. Also, because the markets are always changing, pricing details may have changed since the data was originally evaluated.
Use or rely on this information solely at your own risk.