I try not to complicate things when I trade. I want to participate in the strongest markets to the upside, and completely avoid the weakest markets to the downside.
Following this simple rule will save you from a lot of stress, and to keep making good decisions in this trading business, you have to stay on top of stress management.
I’m always on the lookout for the next big move in markets, and right now, I’ve got Ethereum right at the top of my list. Here’s why…
Stocks Will Move to the Blockchain
Can you imagine paying for a good or service with a stock like Tesla or Nvidia? You read that right. Forget about the Dollar, gold, and all of these random cryptocurrencies (most of which will go to zero) for a second, and think about what I just said.
Back when I started in the business, it took three days for a trade to settle. In other words, if you bought a stock, you would be punished if you sold it within three days from the purchase date. If you sold a stock, it would usually take three days to get your money deposited in your bank account.
Now the transaction settles the following day. It’s made stock trading much, much easier, and soon enough, we’re going to start thinking of companies as ways of settling transactions thanks to the blockchain.
This is because the blockchain will allow for instantaneous transactions to take place. With each passing day, the crypto sector is getting more regulatory clarity. Did you see the pop in Coinbase this week? I know members of the Million Dollar Challenge did (’ve owned the stock since May 8).
But the reason I want to draw your attention to Ethereum is that these stock transactions are going to be listed on Ethereum’s blockchain, not Bitcoin.
In fact, there’s a whole ecosystem of the crypto world that forces you to buy Ethereum before you get to even participate it in.
And it looks like individual stocks are heading in that direction too. It’s a big reason why I’ve been pounding the table with TheoTrade members in the live room to own Ethereum in some way, shape, or form. We’ve actually been long ETHA since April 23.
Of course, I’ll keep you posted on this very important development. Talk soon,
Gianni Di Poce
THEOTrade
