Hi, in todays live training session we covered a wide range of subjects as usual.
I started by looking at the boom in commodity prices and how that will lead to inflation potentially getting out of hand this year. I explained in October’s webinar the dangers of inflation following all the money printing.
Since then there has been even more, especially in the USA. Although this hasn’t affected the price of the $USD yet, there will come a time when sentiment shifts to thinking about how will they (and most western governments) ever pay it back… clue…they wont!
I also shared with you some data in a recent live session, how governments deliberately hide the real rate of inflation. The true rate in the USA is currently around 10% and it could/probably will get much worse. So what’s your plan to protect what you have and make more to compensate for inflation eating away at your finances?
This is part of the reason why I am invested in crypto.
Obviously, there was a flash crash last week whilst I was away. Crypto has given my followers massive gains but I started warning folks in March to keep taking some profits. For those who joined us last May and were up over 4/500% I explained why my focus was to remove my original stake. Many followed my lead or at least reduced their exposure. As a result, no sleep was lost despite the bigger than expected drop 🙂
Conversely, folks who did not and even worse those who used leverage which I tell you often “DON?T DO IT”- will have lost a substantial amount. I read that 800,000 accounts were blown up around the world.
Me? I have bought some more of a select few and am now waiting to see what happens next. For me, this is a mid-term play and the reasons for getting in have not changed. If you haven’t seen the webinar I hosted back in October, you can find it in the crypto mini-course here: Introduction to Crypto
In today’s session I also discussed Elon Musk and Tesla. The “biggest” car company on the planet and the richest man, but is it all smoke and mirrors?
Tesla don’t make a profit on the cars they build, they profit from selling tax credits. Is it only me or has the world gone mad! This is a CNBC article explaining the how and why from last summer: CNBC/Tesla’s Credits
and a more recent one from last month, when Tesla announced their first-quarter earnings of 2021. Profit on car production..zilch, Bitcoin and Credits gave them half a billion though: Tesla makes more selling credits and BTC
New members, please note: If I am looking to take a trade long, for example, 1.5000, I place my order 10 pips above & 10 pips below for a short. This is because price often does not quite reach a major line and you need to allow for spreads.
We are NOT a “tipping service” our aim is to teach you how to trade for yourself.
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