Class 1 of June 2024 Ultra Wealth 24/7 markets, FX, FUTURES, CRYPTO
Lecture-style class by Jerremy Newsome introducing Month 6 of a trading mentorship (June 2024). Covers high-level overviews and practical examples of futures, forex, and cryptocurrencies, discussing uses, mechanics, tax treatment (futures 60/40), leverage, common moving-average trade setups (10/20/50 EMA; 100/200 SMA), watchlists, funded accounts, and buy-low/sell-high examples on specific crypto tickers (Perpetual Protocol, Avalanche, Harvest Finance, Litecoin, Bitcoin). Encourages students to post charts for review and emphasizes system-based trading, risk awareness, and iterative practice.
Chapters
As I mentioned, for all of you who are joining for June, you'll have access to all these videos and recordings for the future. And worst case scenario, your absolute worst case scenario I think for this class is we'll be reviewing some, some crypto trades for you. At some point you probably will buy some positions hopefully and increase your US dollar holdings. Right. That's probably your worst case scenario of going through this program for us in June. Let me just check. We have. Armen should be joining us, but he is not here yet. Okay. I did send him invite. Let me text him just so he has it. All right. Link for this morning, if you can make it. Okay. Yeah. So worst case, we're going to get you in some good positions. I do think that generally the overall crypto markets increase in value between now and end of the year. But with that being said, let's get into what we're talking about for June. Some of you might not know all the things, so I want to walk you through a lot of the things. This is month six. Eric, Joe, Jeremy, how have the first five months been for you? Let's go with Eric first. Eric, was it fun? It's. It was fun and lifechanging. Lifechanging. I'll take it. Yeah. All right. What about you, Big J with the perfect hair today, Same Life changing. It was fun. And we made money learning. And it'll only get better from here. That's the exciting part. Yeah. As you practice more. Agreed, Agreed. Agreed. Joe. Pretty much the same, like they covered it all. She's quitting her job this year, ladies and gentlemen, November, she's gonna turn that resignation letter. That's the plan. That's the plan. Super cool. And I'm sure you all heard in Catherine's video. So she's. My girl is like jumping off a cliff, like selling her house. Her and her family are getting liquid and she's just going to trade full time and like that. That's the coolest thing ever. So she's having an absolute blast. And we have two other. And we have two other people off camera that are joining us this month as well, Steve and Armin. I'll make sure. Steve, if you get a chance, post a video. People seem to see your beautiful face, man. They know how to make money as a male model. So if you can tell us how to do that as well, that'd be great. Still, still working on that myself. All right, my man, so here's a quick intro. We want to understand just the dynamics of what it is and how it works and just some of the aspects to it. So get, get that cleared up for class one, session one. Right? What are these aspects of the markets? All of you know them. Just in case you don't. It's okay. And that's really going to be today's class. I will be showing you some examples of forex, crypto and stocks. You all paid to be here with your time. Money is irrelevant. We all spend money on everything. So your time is a lot more valuable to me. So please, for any time, ask a question. You have one here or in WhatsApp. I'm very, very responsive. So the WhatsApp. So I mean, literally, if I'm awake, you'll get an answer. I'm not awake. You'll get an answer after I wake up. Because I know my girl Catherine's on a different time zone. It's, it's late where she's at. It's like 10pm or something. So just throw that out there, right? If you have a question, please ask. If you think it's stupid, that's even better to ask that question because your stupid question is going to help someone else who is scared to ask that question also. And so the stupider the question, the better. I really like those. When I sat in school, I was the guy. If you remember your school days, all right, like, I was in the very, very front, every single class. And I, my, my learning disability was the fact that I was in school. I needed to be outside running around. But I would ask, I mean, instantly, like 46 questions. Class. People hated me, didn't care. Ask questions, you'll make more money, you'll learn, you'll be more smarter. All right, here we go. So futures, type in a six. If you've never traded futures, you've never traded futures. Now, I'm not going to turn all of you into professional full time futures traders, all right? But a lot of sixes, very cool. I would like you to at least know what they are because they, they can be really useful. I did not take a futures trade at all until probably 2018, which, I mean, that's, you know, eight years essentially. And for a lot of times as a trader, I, I would always, if I was on a podcast, people would ask me, like, why do you trade stocks and options? And that was, that was my, and still is kind of like my main career as a focus. Call it like, let's say I'm a professional basketball player and futures is like golf, right? Or like maybe I'm learning to play golf and I play, I bet a little bit of money on it with my friends and maybe make some money. And the reason that futures to me is like a side hobby that you can make money with at some stage is because they move differently than stocks. And we'll talk about that in just a moment. But what I do really like about it for if you know that you have this mindset and Steve, I'm talking to you, some of you have the mindset of bigger macroeconomic events and impacts. I am working on that. That's not my specialty, never has been. I'm continuing to work on that. But if you know macro news and you are good at sitting down and going, okay, this tsunami just hit this city. This city just produces tons of avocados. Avocados just got posted as the next estrogen, testosterone, lose weight, whatever, whatever. Prices of avocados are going to increase. What could you do? You can go buy some avocados futures. And fun fact, if you had done that like in the last year and a half, you crushed it in 2020. Does anybody remember the price of lumber? How it like 19x? Yeah. Well, a lot of you might have thought like, wow, man, my, my, the house, my, my house. Pricing has increased or construction costs have increased. There are always ways to make money and the futures market is huge. And so you don't have to be on the sidelines any longer if you don't want to. I do actually have a career in trading commodities and I kind of stepped out of it a while ago. But the early, early, early career was me and my nephew Donovan. When he was alive, we were trading soybeans, corn, cotton, grain, sorghum and a few other physical commodities because he was a farmer. And he could call me and say, hey man, we should buy a whole bunch of cotton right now just in case. And I could actually go in and buy the actual physical commodity. And worst case scenario, right, if my contract expired, the money I needed to take ownership, good, he had a place to store a bunch of cotton. So we hadn't, it didn't happen. But we had the ability to actually take ownership of a lot of things we were trading. So it made it even more profitable because I could just hold a position for months and months and months. So that's what futures are in a general nutshell. One thing you might not have thought about, and again, this can depend on the size of your portfolio, but this is ultra wealth. So now or in the future, when you're trading your nine million dollar trading account and you have a bunch of stocks. Futures are a great way to hedge a portfolio. So if your general market, your general portfolio is bullish. You can go short a contract or two of the NASDAQ or the S P 500 or the Dow Jones and you can hedge your overall portfolio. Another really, really fun thing is if you know that there's a big, I don't know, election coming up, aka November of 2024, and there's going to be some wild moves. I mean, the first time Trump got elected, the Dow Jones and the overall market had had the largest overnight sell off in history was down like 7%. And then it had the largest overnight move in human history, opening up 5%. So it moved 12% overnight from the lows to the highs. And not really a political statement, just a statement of crazy movement, right? So you have the, the ability to participate in stuff like that. So right now when individuals are saying to themselves, oh man, this, all these movements are happening and I can't take advantage of it. You can with futures, so that's really fun. Also there are tax benefits of trading futures. So 60%, 6040 tax treatment. So 60% of whatever you make is generally, generally focuses long term cap gains and then only 40% of short term capital gains. So that's cool. You get mark to market accounting, which is yearend valuation of open positions, which is super nice. So there's no more wash sale rules. You don't have to worry about any of that garbage. Makes it really, really easy. And you can also do this in tax deferred accounts. And so, so futures, if taxes is like the number one challenge that you're facing, which it will not be unless you're trading, you know, $600, $800,000 or more. All right? If you're trading a lot of money, the taxes can, can m can be a problem. But I tell people, don't worry about the taxes until you have to pay it the first couple times, right? Like if you get surprised, your accountant's like, hey man, you got a $100,000 tax bill? You're like, well, I did pull out $600,000 of profit into my, my bank account this year. Like if you're pulling out profits, your brain should know you're gonna have to pay taxes. Most likely there are ways to avert them. And we talked a lot about those in May. Those who are here talked about tons of ways to decrease your tax burden, right? With real estate and owning depreciation and owning depreciable assets per the IRS tax code here in the Us, there are ways to lower your tax burden. But, but, but, but don't really expect your taxes to be at zero. It is possible. It's just very, very hard to do, right? So you're gonna have to pay some taxes, most likely. I'm not saying it's awesome, I'm just saying right now it's probably what's gonna have to happen. But don't stress about taxes, right? Write this down if you're taking notes. Never avoid a dream because of possible tax implications, Right? Possible tax implications. Have the dream, right? Mj, get, get that money coming in, figure out the taxes later. It's okay. The IRS is a big boogeyman. Everyone, everyone's afraid of the irs. There's no reason to be, right? I owe an enormous tax bill from 2023 and I'm, I'm not stressed, I promise, a little stressed. But I call the irs, get on a payment plan as I've done forever, and they don't care, right? There's a little bit of an interest charge. I take the money that I would pay them, put it into some other things, let that build, sell, rinse and repeat, blah, blah, blah. Make your money, figure out the taxes, learn it, study it. But futures is a good way to decrease your taxes. Now, the one reason I don't love futures and kind of a reason that I do, futures, they change. Every futures contract has all oftentimes a different tick size variation per contract of how much money either make or lose. And that's kind of annoying. Now a tick size, if you ever hear the word tick, is really just think about like a century. Futures don't move in cents anymore or fractions, they move in ticks. And a tick is a actual, think about like a quarter, 25 cents. So all of us here are very familiar with the, with $1. So how many quarters are in a dollar? Four. Right. Four quarters are in a dollar. Every tick is a quarter in the nas, in the S P and the nasdaq, NASDAQ Micros and S P Micros. Then in the Dow Jones, it only goes in points. And then in the Russell crude futures and a few others, it's every 10 cents. Now what most futures traders do is they focus on one, let's call it the E Minis, and they just trade that. So again, I'll show you some examples in just a moment. Don't worry, it's not all slides, but when you move 0.25 right, every quarter is $12.50 per contract. And what we're going to talk about in just a moment is you'll notice the leverage in future. Jeremy just muted yourself. Why'd I do that? I don't know. All right, let me pop over into a real life example. So this is the E min futures contract. So the EM min of the S&P 500. So if you've ever wondered like how do people make money in the S&P 500 at night or early in the morning, this is how. So if you're an early bird or if, if you're the second mouse, which is what I am, people say early bird gets the worm, but the second mouse gets the cheese. So you don't always have to be the earliest person to the cubicle and the hardest working person to make money. Right? You can also be smarter. But the E Minis is a fun way to make money at night or in the morning. I will confess, I do trade these on Sunday nights pretty often because, you know, everyone's asleep and this dad life, right, our me time is like 10pm to 6am so we get to pick those, right? Those like small little hours like where we can do whatever we want. If we go into a three minute chart on the S&P 500, this is the most popular futures contract. And what we're going to do is we're just going to look at again, ticks and points. So what you're going to notice really quick is right here you have the number five three, zero two, right? Five three or two. At this exact moment we're at 5,308. So what is the difference between those two numbers? How much? Six. Six points is the difference between those two numbers. Okay, so if we have $12 and 50 cents per contract, okay, $12.50 per contract per tick and there's four ticks in a point. How much would you have made with one contract if you just bought it 5302 and sold it for 308. What's the math behind that math formula would look like 6, which is the amount of points times 4, which is the amount of ticks times 1250. Okay, so six is the amount of points, four is the amount of ticks. It's 24 ticks times 1250 equals 300 bucks. Now what I have done is my brain said, because I like to shorten formulas and math, I go, okay, so every six points is $300 per contract. That's what I did. Now you could do 10 points if you want. Obviously it's the same, right? 10. 10 points times 4 is 40 times 1250 up to you. It's all the same, doesn't really matter. So 500 bucks for 10 points, 300 bucks for six. This is per contract. So it gets really fun if you buy three, four, five or six contracts because this is not a very big move here on the futures. Now again, what's interesting. Well right now it's. What time is it? 8:30. Market. Market opens in an hour. So again, if you're an early bird, if you love waking up early, have some coffee and start slamming a trade. Could you make some money before the market even opens and go on about your day? Let's say you have a job that you really like. Our boy Steve, full time employed, likes his job a lot, does really well at it, doesn't want to quit, no reason, no reason to like why? You like what you do, you make good income for your family. Do both, right? Stack those gains. So I, I like this, you know, so Steve is like, hey, I want to trade some futures before I start work. I mean especially if you're on the east coast, if, if you are on the west coast and you trade futures, you're a heroin addict, right? You are addicted to black. I'm kidding. But you might be able to trade it at night maybe. But if you live in Australia or if you live on the east coast, it's like, dude, 7:00am East coast, it's like, what a gift. You got two and a half hours before the market closes or market opens and you're like, what? I can make money. So. Again, we're going to go in through like how to actually trade these. But the cool, cool news is these actually are tradable in most of your brokers, most of your brokers, you can trade futures. You do have to get futures approval, which is a click of a button. But in thinkorswim, Charles Schwab Interactive Brokers, you go in, you fill out options approval and poof, you're, you're off to the races, you're good to go. Futures is a very, very massive market. I personally have only experienced slippage twice. And slippage is either getting skipped over a position, right, not getting filled and or not getting stopped out at the price that you want to get stopped out of. So if you ever experience slippage and it kind of stresses you the heck out, you can learn to trade futures. You won't get any very, very, very, very liquid. All right, questions so far before I do one or two more examples. Okay, so as a reminder, most futures traders pick one instrument and they learn those instruments really well because of the contract size, because the contract size does change in between different commodities and different futures. Gold, silver, crude cotton, orange juice, pork bellies, cows, cattle, they're all different. So you pick one, stick to that one. The most popular is the S and P or the Nasdaq. Right? Because we all know what The S&P 500 is and we all know what the NASDAQ is. And yes, you can trade 10 in futures. It's, it works everywhere. Yeah, that's, that's pretty much it. We'll go into more strategies in just a moment later. But like yeah, this, this little move right here, I mean that's, there's a lot of profit to be made. This little, this little move right there, tons and tons of profit. Okay, Forex. Here's one of the things I love about Forex. I love Forex because of its size. That's why I love Forex. Forex stands for foreign currency exchange. Catherine. Here's one thing I love about people who don't live in the us they know everything about everyone else's future prices and Forex prices, right? If you live in Australia or Canada or England or literally any other country, they know everything. America is a bunch of dumb fat people that walk around all day not knowing anything about anything. And it's really frustrating. I want to change that. But ultimately Forex, it's so huge and just the ability to recognize that if you live in a different country and you're buying or selling something in your country or not in your country, your country's monetary policy is going to change relatively rapidly on a daily minute by minute basis based on political environments and macro news. Right? My favorite thing about Forex is that it's 160 times larger than the US stock market. That's what I like about Forex. You think stocks are big, right Eric? Like you think there's a lot of money be made in the stock market? Dude, it's not even close. I mean 160 times larger. It's, it's like, it's like a countable infinity. Like when you start looking at the amount of like 7.5 trillion a day essentially, you know, goes in and out of just the Forex markets. It is huge, huge, huge, huge. So the, the in and out of the amount of money that's just traded globally. When you start talking about bonds, futures, Forex and stocks, I mean it's in the tens if not hundreds of trillions a day, a day, like seven days a week. It is amazing. And it's 24 7, so very similar to futures. All of you can trade forex. It's a great leverage opportunity. You can use small amounts of money for large positions, extremely liquid market, and from anywhere in the world. In our group chat, you may or may not have known this, but this is what Jason Chase focus on primarily. So if you ever have any questions about Forex, you can reach out to Jason. He's part of ultra wealth. I'm not saying this to brag, but he has doubled his portfolio this year right from January. He hasn't done that before, so he gives a lot of credit to the team. But he's a, he is probably the eighth worst trader in the world for the first seven years of his trading career. So he's a self proclaimed dummy that hit his head against the wall enough and eventually figured it out. But it's not because he trades forex, it's because he has a system. Right. Family that that's what we're going to really be talking about the whole time is the market never matters, it's the system. And like we've mentioned numerous times, concentrate to get rich and then diversify to stay wealthy. At some point, at some level you have to go, wow, this is really good for my family, for my account size, for my sleep schedule, for my life schedule, for my whatever. I got a great compliment last night. My wife says thank you for being super present this weekend. Holy smokes. I was like, yeah, I did it. Presence is not my absolute greatest skill. I try really hard, I do try really hard, but it's not my grace, it's not my greatest skill. And the reason I was present is because the markets were closed. It was the weekend, right? Saturday is like I'm not a forex trader and I'm not a futures trader specifically, I do trade crypto. I have a large positions in crypto, but I'm kind of used to the crypto moves. I don't really stress out about on the weekends. Now I told her that and she laughed and she knew it was true. Right? Like I am more present during the weekends for sure. But the point I'm bringing up is you can absolutely have a conversation with your family, with those around you and you can figure out what works best for you and your family. And if again, you're like Jeremy and you love your job and you will have another one in the future and you'll have a better and bigger, but whatever your circumstances, whatever you are, whatever you enjoy, you have the ability, you always have the ability to solve it and to figure it out. That's the point. So many traders put themselves in a box where they only can do something, can only do this. I'm like, no, you can't. You can do whatever you want. Right? The market is the mirror of abundance. It shows you what's possible. You just got to look and see. And I have personally in my life, since I've worked with Jason Chase, I've taken five forex trades in my trading career. Five. And they're all this year. Right? I. I'm new to the forex game. It's cool, it's fun. It's like anything else. You can make a lot of money, you can lose a lot of money, but if you don't have a strategy, if you don't have a system, if you don't know what you're doing, you don't know why you're doing it, you know how to protect yourself, guess what's going to happen? You're going to lose all of your money. It's a system. Nothing changes. So let me go look at some examples. We have a few Aussies and a few Canadians in the house. So check this out. If you're a Canadian and an Aussie and you guys want to battle each other, you can trade the Canadian dollar, Australian dollar. Check that out. So here is the daily chart of this bad boy. So this is the Canadian dollar versus Australian dollar. So you're almost at even. Almost. But Canada still has 10 cents on you Aussies. So if you need to go to Australia and save a little bit of money, Canadians, this is, this is a good one to use if you're an Australian and you want Canadian dollars. AUD cad, right? This is the more popular currency pair for whatever reason. So Australian dollar, Canadian dollar, and right here you'll notice. We'll talk about this in just a moment. These are the exchanges. Okay? So these are the exchanges. So what, what that means is you can open up an account with oanda, fxcm forex.com Pepperstone, Ice8Cap, you guys have probably all heard of that before. You can open up forex exchanges and you can trade your Forex. And here is the Australian dollar, Canadian dollar pair, which means you have Australian dollars and you want more Australian dollars, but you're going to buy Canadian dollars to get your Aussie dollars. So this is the daily chart, okay? And so what you're going to notice is if you're Australian, you want this to go as high as possible. When you're visiting Canada and Canadians Vice versa. This be as low as possible to visit Australia. Now if you're wondering. What's that, mj? No, we're good. Okay. Sorry, that was on my side. Yeah, you're good, buddy. You're good. No worries. Yep. I gotta, I gotta split and I'll watch the rest of the video later today. Yes, sir. Love you, big guy. You guys. Bye. So this is the weekly chart. So again you can see this is, it's pretty range bound for the most part, but check out where we were. And again, I, I didn't take this trade, I'll say that pretty much every time we pull up a Forex position. But look at this, absolutely rock solid support here at 85 cents, right? I mean that, that's been a support since 2004 and we came right down to it. So I mean, imagine seeing this or knowing this and you know, back in October and you're like, okay, cool, we're nice and low and you start buying and again you're buying out with hundreds of dollars. But the Forex market is very, very leverage. So you're buying with a lot of money with a small amount of risk. The small amount of risk, of course, is going to be up to you because you can over, over leverage yourself for sure and buy with a lot of money and put yourself in a really bad position. But I wouldn't suggest doing that at all. Obviously we'll talk about moving averages and all that kind of good stuff, but just know that for anyone who's international, this is a real market for you to participate in and it is tradable and it is really, really nice. This is the daily chart. And look at this absolutely filthy 10ema setup right here. Just gross. I mean, you had a 10 EMA here, you had a 10 EMA there. Like you're popping into a Forex trade, you're shorting on the downside, you're going long on the upside here. And what's nice about Forex is again, you're going to be zooming into smaller time frames. We're going to talk about that in just a moment. We'll practice with that, show you how to analyze it and implement it. But I mean the, the setups are filthy and they do work. So does everything. Gotta know your system, gotta know your plan, gotta know your methodology, and then you gotta take the trade, right? Okay, so come over here. Those are some examples of Forex, foreign currencies. Again, pretty easy to trade. Oh, one other thing about Forex and futures and I guess crypto too I guess I only have this in the presentation, but you can use leveraged accounts to really easily access all those markets. So I said leverage accounts, meaning like you can go get a funded account very, very easily for forex and for futures and for crypto, so that you have extremely small risk and you can have really big opportunities and big gains. All of those opportunities. You can also. I know a lot of you use Trading View, for example, our new funded. Our new funded sponsor, Apex, you use what's called Tradate. That's their trading system that attaches to Trading View very, very easily. So you can trade inside Trading View, your futures, your forex and your crypto. So just something to be. Something to be aware of. Like that's pretty nifty, right? You can attach all this to Trading View. You can trade through training. I think it's really nice. All right, here we go. Cryptocurrencies. Now Type in a 9. If you haven't traded crypto yet, there's gonna be a lot less nines because I've been forcing people to get into this stuff. All right, no nines are coming in the chat. Pain. Sweet. So we got a bunch of degenerates here. I like it. So cryptography was actually initially created as an Internet security protocol in the late 1990s and has been around for a while. So cryptography is the. The basis of what cryptocurrencies is. I know you all know that, but just in case. So recently it's been combined with the term currency to refer to the cryptography used in blockchains and their tokens. While the concept itself is. Is not new, it builds upon technology, is already widely accepted by society. Cryptography and blockchain long, long, long story short, to my knowledge, there has not been one blockchain that has been hacked yet. When I say hacked, I mean broken into going back to the genesis block and removing all the value from that particular cryptocurrency. Hasn't happened yet. Now, there have obviously been fraudulent cryptocurrencies. There have been cryptocurrencies that. Or scams. There have been individuals that have gotten scammed out of their money because Jeremy Newsome messages them on TikTok saying, if you give me three Bitcoin, I'll give you six Bitcoin back instantly. And people go, oh, Jeremy's on TikTok, messaging me at 4 in the morning. This is legit. Let me send Jeremy three Bitcoin so I get six Bitcoin back. Don't do that. It's not Me, please never, ever send me cryptocurrencies, ever. Right. It's not me. So setting all that to say, ultimately, at this stage, there are ways that people can get scammed all their money, absolutely. But the actual technology itself hasn't been scammed, hasn't been broken into. I think that's really, really fascinating. So I'm not going to spend tons of time on this because I think all of you very familiar with it. But what's nice about the blockchain specifically and just its overall, its overall power is that this will work long term. I mean, when I say this, I mean Bitcoin, Bitcoin specifically. Bitcoin's transactional capacity specifically will work long term unless the Internet doesn't work. And my theory is always, if the Internet stops working, we are fighting zombies or robots. And I think we all are cool with that realization, right? Like, it'll happen. So if the Internet works, bitcoin's never going to go away. And once the Internet gets shut off for the world, whenever it is 800 years from now, 80 days from now, or 8,000 years from now, then we're gonna have problems to worry about. But the blockchain is a decentralized computer network that's scattered across the world. The network of computers solves an equation to conform to confirm the validity of a transaction. Once the transaction is considered to be legitimate, the blocks are chained together, creating a long history of all the transactions that are permanent. And then the transaction becomes complete. The only way to hack into a blockchain is you got to solve each block. And every time there's a transaction, there's a new block that's formed. So it's very. You have to go all the way back to the beginning to hack the code. Now, here's what's amazing is the Internet itself is very fragile. Internet can be hacked, like, instantly. Blockchain, on the other hand, is a little bit of different story. So that technology is cool, although it still hasn't been used for anything, in my opinion, that's noteworthy or actually useful, which is unfortunate. I mean, everyone's like, blockchain, blockchain, blockchain. It's so garbage. Presently, they haven't done anything cool with it at all. I say they, I mean, blockchain officianados, right? They haven't solved one major problem, not one. They have patched some holes, but they haven't solved any problems. Be on the lookout for a company that actually, actually solves a problem, a problem that you know exists in your life. Like, man, I wish that my local market all, you know, had ripe fruit or vegetables and that they're always not ripe because they can't order food fast enough when someone else buys it. Like when someone solves an actual problem with a blockchain, it'll be amazing. Hasn't happened yet. If you're ever wondering if the project or crypto or token that you've heard of solves a problem, message me, let me know, let's talk about it. Because if it does, that could be worth a lot of money. The only one that I am most advantageously and openly bullish on is bitcoin. And I don't think I have to talk tons of reasons why. I think all of you kind of know at this stage why I'm so bullish on it. When I say bullish on it, I mean it will go up and down, it will have volatility, but it will go higher over time. So the lower that you can buy bitcoin, generally the better. So this is a big one, right? BlackRock's IBIT spot Bitcoin ETF has pulled in almost 16 billion since January, topping the other recently approved Bitcoin ETFs and becoming one of the fastest growing ETFs of all time. That's a big deal. And in order to have. Right, Jeremy, you know this. In order to have ETFs, they have to do what they actually have to go buy the thing. So you can't. I mean, you gotta actually have some type of backing of the thing that you're buying. So just know that, like, there's gonna be so many reasons why. If anyone here needs more evidence than what's on the slide or more longer discussion on why I'm bullish on bitcoin, let me know. It is a mathematical certainty that it will double from where it is right now. The amount of time I'm not entirely sure on. I would easily put money on less than a year. I would put my left leg on less than two years. So when I say double your money, I mean double your US dollars. I am a bitcoin maximalist. I do have a large net worth in bitcoin. I do not personally believe the US dollar will ever be worth nothing. So keep that in mind. A lot of people that are very, very bullish on bitcoin, they slip down the slippery slope of the US dollar. It's worthless. And those people I don't agree with. So I think you can have both. Like, you can have a really, really cool decentralized universal, non centralized agency and currency called bitcoin. And I also think the US dollar can be very powerful for a very long time. All right, blockchain and cryptocurrency at some point, these are some of the industries I would like to see get revolutionized by blockchain and cryptocurrency just hasn't happened yet. The one I personally would and plan on spending a decent amount of time, energy and money on will be this one. I think that least America and or other countries could easily have some type of crypto that's on a blockchain that people have to buy into, to own, to then vote. And when they vote, they sell some of their bitcoin or some of their not their bitcoin, some of their voting coin onto the chain and that takes the record transaction. Or to have that particular token, you have to get authorized at a government agency. You know, pretty standard stuff like yes, I believe whatever country you're in, you should be a citizen of that country to vote. That's, I don't know, like, apparently people don't like that idea, but that seems very commonplace to me. Right, Jeremy? It's like you got to be a citizen of whatever country you're in. I don't care which one it is to be a voter of that country. And I think that that could be very, very easily solved. Are you a citizen or not? Yes or no? Okay, you are cool. You can buy this and then if you own it, you can transact it so that you can actually vote. And then when you transact it, having more or having less doesn't mean you get more votes or less votes. What it means is that it's a verified transaction that you actually did make a vote. Pretty simple. So blockchain hasn't solved these problems yet at all. But be on the lookout for companies that are trying. Those companies or those currencies could again become very, very Bible. Now the only reason ultimately that I love crypto is because I am a second grade math phenom. I want all of you to know I got an A in second grade math. I did. And I realized that crypto moves just like stocks, dollar for dollar, point for point, cent for cent. That's why I love crypto. And I would never, ever, ever suggest any of you to use leverage to buy crypto. What I mean by leverage is you can use funded accounts all day long because you have a limited risk. What I mean is don't take $10,000 and go, okay, now I have 400,000 and I'm put onto this particular crypto on the sketchy exchange. I'm a 5X, my buying power. And if the crypto goes down 13%, you're underwater by 60 grand. Don't do that. You can make enough money trading crypto without leverage. I've never used leverage once and I've made millions. Don't use leverage. You will lose money, a substantial amount of money, so just avoid that. In fact, I don't like leverage in general for anything over, you know, 24 hours, I don't like leverage. Now, again, when I say a funded account, that's a whole different story, right? You can buy into a funded account because you have a limited downside risk, or you can only lose a certain amount of money. Anything that's calculatable and certain, I like, I love certainty and I love calculations. But when you're like, you could lose. I don't know, Fish. I don't, I don't like that type of leverage. When you're like, maybe you lose your house, maybe buy four more. I don't know. I'm not, I'm not signing up for that program. This is my favorite. This is my favorite crypto strategy. Buy low, sell. I man, I get it. You're like, oh, that's. Thanks, Newsom. Glad we're here. Glad we're here for June. I'm gonna give you tons of other strategies, I promise, and we'll go through a lot more trades, we'll do some other setups. But Buy Low, Sell high is a very, very effective crypto strategy because you throw in an order and hopefully it fills. And if it does, you can turn around and increase your holdings pretty quickly. These are the major US Exchanges, Coinbase, Kraken and Gemini. I think all of you have an account on one of those. And if you're an international, Binance is the only international exchange that I'm super familiar with. Kraken also takes. So if you're doing crypto trading, you should probably do it on one of these four exchanges. Again, you can use funded account programs, that's fine. But if you're going to put your US Dollars into an online crypto wallet, it probably should be one of those four, in my opinion. There's probably a couple of others that are okay, but these are the foremost legitimate, in my personal opinion. So cryptocurrencies, be safe, be smart. And we're going to hop into some examples and some trades and some positions. In just a second, we'll do a quick two minute bio break. So I Will be right back, ladies and gentlemen. And if you have any questions, either type into the chat pane or get unmuted and I'll be right back. All right, I'm back. So some real life examples of crypto. I think we all are pretty familiar with those. But again, just a fun reminder, I would like to show you one chart that maybe none of you have ever used before. Maybe you have, but for one of you, this will be new. Type in the word total into coinbase, T O in the training view, T O T A L, and you can look at the total market cap of crypto. Yeah, Jeremy, got one. I got a person. There you go. So the total market cap, if you go to a weekly chart, you're just able to see what the whole combined markets are doing. Now if you're like, Jeremy, this is just Bitcoin and Ethereum. That is correct. But is Bitcoin and Ethereum blended together plus all the other cryptos that are out there. So if you're looking at this and you're kind of analyzing it and you're like, man, it looks like we're, we're kind of out of resistance here, but we're, we're building a lot of pressure and there is a previous all time high that the total market cap has not reached yet of 3 trillion and we're at 2 1/2 trillion. You're like, well, Newsom, that looks like we have 24 to go between now and then. I would agree with you. And it looks to me like again, a lot of, you know, wave counts, 1, 2, 3, 4, 5, pretty standard. And Jeremy, one of the rules of your wave counts is that you have to have a 5 wave inside of a 3 wave, which is relatively easy to see on this particular one. You have a really, really strong move here in general, right? You got good move here, you got good move here, you got good moves there. So I was like, this is, this is a pretty, pretty interesting overall generally strong looking trend to me. If I go to the monthly chart, we talked about this in January, most of you are very familiar with this. But if I come over here and I click on logarithm, it really opens up the entire chart a little bit, right? So if I click on logarithmic, you can start seeing a little bit more of the trend here as well. And then you can use your X and Y axis on trading view to really kind of like scrunch this stuff down. Because what the logarithm chart does is it just shows how much it Moved on a percentage scale basis. Right? So the biggest percentages take the most weight. And what I like about this is, again, it kind of just allows you to draw some trends, see what's happening over the bigger picture. Tom. Right. So not an ultimately huge surprise that we bounced where we did at this time last year. Ultimately, I don't think it was that big of a surprise. And then you got some of this previous resistance here. Oh, weird. That's so strange. Jeremy. Look, we just trade down to the old resistance, new support. When I say Jeremy, I'm not talking about myself in the third person. I'm just talking to my luxurious bro, long hair, also named Jeremy. So that one R, baby. So you got the resistance, you got the support. I mean, mean, how crazy that dude that we pulled down to there. And that was low of the crypto market in 2023. I mean, surprise, surprise, right? So I, I love this chart. Just to kind of helps you zoom out and just kind of see some things. If you don't want to look at just the individual bitcoin and Ethereum, this is the, the blend of both of those. There's one other chart in here that I haven't used very often, but you have the bitcoin market cap, which is just bitcoin by itself. And then I believe. Is it shorts? Yes. So here's bitcoin shorts. So we all know what shorts is. I don't know how to use this extremely, extremely well, other than I look at this once every seven or eight months. Tom when bitcoin shorts are going up, that means more people are betting against bitcoin. And if this ever breaks through a support or resistance, specifically, if it ever breaks through a support on this particular chart, that means that bitcoin has gone higher. So case in point, right? We break through here, Shorts are exiting their position, and that means that bitcoin's going to go up. Because these are. This is the chart, people betting against it, right? So the lower this goes, the higher bitcoin's going, and the higher this goes, the more people are betting against bitcoin. And if this ever gets to a resistance or support, you're like, okay, cool, there's a bunch of people who are shorting. And if those people have to exit their position by buying to cover the exit the position, the shorts on bitcoin go down, Bitcoin goes up. But just, just to know that that's a chart that's available, I think that's probably it. If you never look at it again, that's also fine, but it's, it's there and you never have to study it to make any money, but you can if you want to. All right, what we're going to be doing with our June sessions is I would love all of us to just practice and really analyze different charts and different sections. You can choose any of the sections that you want. We in June will be doing a lot of focusing on crypto, and mostly because it's the easiest and most of you have the most familiarity with it. Jason Chase, I'm sure, will be doing some forex trades. If anybody does or wants to trade futures, because you love the futures markets and you're generally tied to your S and P and your nasdaq, you're absolutely welcome to trade some futures. My methodology and goal for the next 20 minutes or so is to use what you all already very familiar with, go through some crypto charts and show you what I look for when I'm trading my cryptocurrencies, and that's going to be what I will focus on. But for anyone who wants to focus and trade forex and or futures this month, post your charts, create your analysis, and I'll be happy to review them and work on some trades for you and help you make a lot more money. The one downside is to crypto is it's not easily shortable and there's no options. So if you get stuck holding a bag of poop right on a crypto position, there's nothing you can do about it, and that sucks. So, hi, my name is Jeremy and I've bought some poop before and held that bag for a long time and never got out of it and it just went to zero. That has absolutely occurred. Although, you know, surprisingly not as much as you would think. It was me being as aggressive as I am on certain stuff, I really haven't gotten murdered in crypto also, because I want you all to know that I, I think 99.9% of every single cryptocurrency is absolute garbage and it does nothing for the world, for humanity, or for monetary policy. I think the main three are going to be legacy plays at this point. Bitcoin, Ethereum and Litecoin. Those are the three beginner original ones. So they'll, they'll probably be around for a while. So I don't think they're going to go to zero. I know Bitcoin won't go to zero. I would, I would say Ethereum will be here for at least 20 years. I mean, at the minimum Litecoin, I don't know. I have a lot of litecoin right now. I love buying and selling it, but go into any position just with the awareness of this whole thing could go zero. And so as long as you know that ultimate risk, know that I do very rarely use stop losses on crypto. My crypto investments very frequently are my risk. So keep that in mind. So if I'm like, all right, cool, I'm taking $20,000, I'm buying Litecoin, my brain goes, well, Your risk is 20 grand, bro. That's your, that's your risk. If you're, if you're buying anything other than Bitcoin or Ethereum could go to zero. So you know that going into it. So I don't use stop losses. And so my brain goes, this is going to zero. Anything other than that, you're good to go. Now, will I exit a trade if it breaks below certain levels? Yes. This is not a manual in the system order. Why? Because crypto is super volatile and I have experience. Because I've been trading since 2015, I've experienced 20 flash crashes overnight where crypto just drops and screams lower. And then in the morning I woke up and it's up 10%. So had a 30% move overnight. I didn't get stopped out. I'm not saying it's a good thing or a bad thing. Again, I went in with a mentality of you start off with $20,000 and build at $20,000. Once you double it, pull your $20,000 out and you got $20,000 of fake money sitting there that you can grow hopefully over the next X period of time in your life. That's essentially what I did. So now everything I'm doing is with house money. So at some point, got to take a little bit of a leap of faith and go, okay, I don't believe this particular asset is going to go to zero. Trade the really comfortable ones for a period of time until you can make your fake money grow into bigger fake money, and then you take that bigger fake money and then you can trade other cryptos with it. Does that make sense? Okay, so I will go through the process. You're all very familiar with the process. None of this is going to be life changing, life altering stuff. I would love all of you, and you're welcome, every single one of you is welcome to post as many charts, trade setups and questions into the WhatsApp as possible. But for June, since, I mean, a lot of us have been here since the beginning of the year. But for the majority of June, we'll focus on these markets. You're welcome to post charts on these markets. If you have a stock, obviously post it. I'm all for it. I trade everything at this point in my life, so you're welcome to post anything. But my primary focus for our class will be crypto charts, futures charts or forex charts. Cool. All right, here's my analysis from top to bottom. I will pick a random position and I'll give you my thoughts on it. But before I do, all of you should do this. Go into Trading View and create a coinbase crypto. Coinbase crypto watch list. And I'll send you my list so that you have it. All right, so this is 85 of every token that is inside Coinbase. There are more, but I have built a watch list. And do you think I scroll through this every day? You? Yes or yes? Yes, I do. So every day I will sit down and I will scroll through these 65 tickers and just see what's moving or what looks. Pretty. Simple as that. Don't over complicate it. Now when I say see what looks pretty, this is in every. I don't care if it's the S and P. I don't care if it's futures. I am looking for the trend and I want whatever the trend that I am looking for to be stronger than anything else. So I'm just looking for something that's very obvious. Looking to play obvious moves. Would anyone like to guess the super secret moving averages that I use on my crypto super secret? 10, 20, 50 EMA. Yes. I was going to actually surprise you. So those, those three and then the 100, 200 SMA. All right, those are the five super secret moving averages. And what are the three super secret time frames? Monthly, weekly, daily, now, next class and on Monday I will give you some other kind of secret moving averages and time frames. Because with 24, 7 markets, I want to. I want you to give yourself the opportunity to experiment. Okay. Since it's 24, 7, just click buttons. Practice with it. You are a wizard. Everything works, just not all the time. So if mj, you get bored one night and you're like, I Wonder what's the 138 minute chart looks like. Go for it, Boo Boo. Pull it up, it's free. It doesn't cost you anything, right? Type in 138 and then click on minute. So here's litecoin. Let's go look at 138 minute chart. Really quick, because my girl MJ's in the house. That's one of her favorite numbers because she wants to make $130,000 an hour. Right. So if we pull up 138 minute chart and we pull up the 100 and 200 simple moving average. Cool. We get a really nice little chart right here. This is nice. So we can see, we can see what? If we're looking at this exact random time frame, we can see that The Hundred and 200 simple moving averages are, are acting as a resistance. And if slash win we break above those as a resistance. It should become a support. So I would buy some if I was not already in which I am on a breakout and then I would look to repurchase some more if it pulled back. And then I would wait with no stop loss in hopes that it pops higher. That's what I'll do. These two moving averages are the moving averages I use the most in bitcoin. And all of my crypto is the 100 and 200 simple moving averages. I do use the 10 and the 20 and the 50 I do. But since it's a 24 hour market, I use the bigger moving averages to really kind of help me smooth things out. And I will just randomly at my heart's desire, flip through whatever time frame I want just to see what they're doing. And you can come up with a little bit of a system. We'll talk some about that next week. And as you start building your system, you just find some positions that you think are cool, unique, fun and interesting. Right? It's that simple. Don't over complicate the markets because it all comes down to risk and reward. If you know what your risk is, which is, you know, whatever, let's say $20,000 like okay, if this goes to zero, I lose $20,000. And if you can buy and sell, take your profits, reinvest those profits, eventually grow it to where you've doubled your money, which honestly, ladies and gentlemen, you should have that mindset to happen by the end of the year. I really, really, really truly think you could double an account, a crypto account by the end of the year. Truly. And I go, cool. And then you take that amount of money, you take it out and then the rest of the house money. And when I say double your money, I yes, you could hit a 100% banger. It's very possible. But I also try to get there doing three 30% bangers. Three 30% bangers. It's it, it's A guarantee, like there, most of these cryptos will move 30% three times by the end of the year, up and down, just letting you know, like this stupid thing, perpetual protocol. I mean, I am in this particular position and it has from a dollar, it's moved 20% twice since mid April from a dollar to a dollar 20. Right now. Ultra wealth secret. My watch lists are created and whatever's at the top is my biggest position. So right now I'm weighted in these a little bit heavier than my boy Bitcoin and Ethereum on, on shorter terms, like active trading stuff. But if you ever look at my watch list, you're like, I wonder what Newsom's in. Like, look at my watch list. Whatever's at the top, I'm gonna be in that one pretty heavy. Usually now you're like, why? It's like, I just wanted to be the first thing that I look at when I pull up the, you know, watch list. Nothing special, but there's your secret. You can keep that between yourselves. All right, so I like this one because really just how cheap it is. So as a reminder, I will now go in and I'll show you my exact step by step process and I'll do it with three different cryptos and then I'll open up for questions. I'm a start with perpetual protocol because this chart does look really interesting. I start with the monthly chart. Monthly 110, 20, 50, EMA. I do a logarithm chart just so I can really, really see all the moves. And I draw my lines. I make sure I have some level of line at the, you know, all the moving averages. Okay, so I'm gonna now move this line down to the 10 because it's kind of curved up a little bit. And I got this purple line which is where I ordered some. So I will today I'm gonna go in and I'm gonna put a target for my perpetual protocol at 160, which means you can buy some at 117 and have a target for 160. If you want to pop into a little bit of a smaller time frame instead of another lower, buy low, sell high. That's perfect, perfectly fine. I do think 160 can hit at some point. So there's the monthly moving averages. Long term, they don't have any. So then I'll go into the weekly chart. What do I notice on the weekly? Notice that we're above most those three main averages. I'm gonna put a line there. So those three moving averages are going to act as a support resistance? Yes or yes? Yes, they will. And could I, if I were looking for prices to buy low, sell high, try to catch a lower shadow? Could I go throw in some orders at those three moving averages on the weekly chart? And the answer is, yes, I could. All right, so those are the three moving averages on the weekly. Then I'm gonna go with, look at the 100. 200 on the weekly. And are we above or below 100? 200. Well, we're above the 100, and there's no 200 yet. So that was a support. I did have an order to buy there in April when we were having this little crash, and we did not get filled at 75 cents, which is too bad, because if we had gotten filled to 75 cents, we'd be up 58% right now on that position. That's crazy. I mean, if your brain's going, this is stupid newsome. It is. These little stupid tokens are stupid. They're crazy, man. Like, it is. It's just pure risk. You just have to know your risk. That's it with crypto. All of these are garbage. I don't even know what perpetual protocol is. I've done a little bit of research on it. I don't get it. I don't fully understand it. Kind of understand it. But again, I'm basing this on risk. If you said, jeremy, I only want to trade bitcoin because I'm extremely risk averse, that's okay. That's fine. Steve says, you make this look easy, dude. Please understand, T, but this is exactly how I'm doing this, brother. I promise you. This is it, man. This is it. This is all I do. The next. The next time frame. Who can guess the next time frame I'm gonna go into? What's the next one? We've done the monthly. We've done the weekly. The next is the daily chart. That's it. That's all I'm gonna do. I'm gonna look at these five moving averages that are giving you, and I'm gonna go buy as low as I can, sell as high as I can. And that's it. I'm just gonna rinse and repeat this process. That's all. And I'm letting you all know when perpetual protocol, if. If and when it hits A$60, which I think is probably a win because it looks pretty good right now. Right? You got this inside a week brewing. You got the. You know, you're above the weekly moving averages. I'll go back and look at those in just a second. But I mean, check this out. We're above all the weekly. Like, that's kind of nice. If we get a quick little push into 160 from where we are right now, that's a 36% banger. If that happens, my bills are paid for the next two months off of just this position. That's the way I think about my brain. That's all my bills for the, for the most part, like, 89 of my expenses are going to be covered on just this one trade. If that 36 banger hits, pretty nifty, right? So again, just as a reminder, like when people are like, newsome, when do you sell? Do not over complicate this. When you make enough money to pay for something that you need or want, Tom, it's a great time to sell. Do not try to become a crypto millionaire overnight. Like, oh, I'm. It's going to go to $7. No, it's not. It's not. You could get really lucky and it has a pop up into two or three. Like, this is not going to go to seven. Not anytime soon. Now, this little spike was super fun. This was cool. And I wrote it. I took. You're gonna, you're not gonna believe it, but I took the profits from this little pump right here. And that's what I've been trading on perpetual protocol since I've been training the profits that I made. So just keep that in mind. So I made 50 grand on that little move right there of profit. And I was like, all right, sweet. So now I've reinvested that $50,000. I traded that $50,000 here, almost doubled it. I took another $50,000 and I bought here and sold here. Almost doubled it. Here and here. Almost doubled it. So that $50,000 has turned into a quarter million. I'm not saying that to brag. I'm saying because once you make a, you know, a house amount of money, it's like you made it, right? So, like, if I lose that $50,000. Steve says on this garbage coin. Yes, exactly. This is thick. It's this filthy. This doesn't even exist. I don't even know what it is. And again, we're gonna, we're gonna. I promise we'll talk about how I research some of this stuff. But I have spent seven hours researching perpetual protocol. I still don't know what they do exactly. And I know my risk when I get into the trader. Right. If you're wondering what my risk was on the very first trade that I took, not a lot, right? You go through the exact same analysis. This is a 10 EMA trade setup right there. You guys see it? High wave, bear candle. So again, do not think I'm cool. I'm not. I played a 10 EMA bought at 81 cents, sold at a hundred percent return. That means I took 50k and doubled it. That's how I made $50,000. Don't think I'm cool. I'm not. Guys. I just do the same thing over and I'm just. I'm not reinventing the wheel. Just do math. And could. Could this have happened on futures? Yes or yes? Yep. Absolutely. You can double an account of futures real quick. Forex, can you do this? Yes, you can. You can just in crypto also, I just think faster with less downside risk. So. Because again, it's just all math. All right, Jeremy, I have a question for you, Champion. How did you exit at 100%? Like, how did you pick that target? The 100%? Yeah, I just said how much did the 10:00am A trade? How did you set your target profit? That's exactly the answer I want. How much? What was the number until his 100% put a limit sell there. Okay, so you just said, I want this to grow 100% and I'm going to pick that number. Or was there some technical analysis behind picking that number? Done. That was it. Yep, that was it. Got it. And. And again, if I go back in time to there. So if we go back to here, I sold a very, very little bit at the 50 right there. But there was nothing else stopping it. We look at the 100 on the monthly. This was 100 on the monthly. Between here and here was 100% return. Cool. Got it. Thank you. Yeah, yeah, no, totally. But isn't that cool? Isn't your brain like, oh, this is fun. It wasn't, man, I would love to be like, oh, I'm super smart. I picked that number. That was just 100 on the monthly. Was there? And can you guys also see this resistance based on those upper shadows? That was 70 cents to 140 or take. And I was right at. Is. And it's like this will happen again on other positions, I promise you this year. Question is, will you find it or not? And will you invest in it? That's going to be up to you. I don't think it's gonna be that challenging. I think that difficult. I do think this is gonna be one that will act, you know, that will do that a lot so go to present day Perpetual Protocol. Here's the, the daily chart. And this is the one I'm like, I'm not stressing about. It's not the best word. But I'm like, all right, if. Is it going to break out of this 100 and 200, right. This is the daily chart. So, like, I'm sure it's going to do this at some point. Will it have a pop out of here? And I think it will. So you'll remember, what did this green line, Catherine, represent right there. Do you remember? I. I don't remember if it was a 10, 20 or 50. It was on the weekly. Yep. It was because they were all kind of like clumpled together. You guys remember? So they're all kind of clumped together on the weekly charts. I drew a quick little line there. And you'll notice that's right at the 200 on the daily Now. So you're like, oh, I Wonder if A$14 would be a good price to buy Perpetual Protocol. Yeah, it would be. And again, if you're like, well, Newsom, why are you going for A$60 and not trying to double your money on this one again? What's the answer to that, Jeremy? Why am I going for 160, not doubling my money. Resistance? That is correct. There is a moving average there on a bigger time frame. Right. If you remember, that's the 20 EMA on a monthly chart. I'm not cool. I go, where's their support? Where is there resistance? Buy support. Sell resistance. That's it. That's all I do. Now, if you did this with $10,000 and it turns into 38%, that's $3,800 that will pay a mortgage. I'm sure of it. I didn't say your mortgage is just going to be a mortgage. It's going to pay a mortgage. Okay, if it's yours, amazing. But I think that's really cool. It's really, really cool. All right, so that's perpetual protocol. Now I want. I'm, I'm gonna pick one at random. I'm just going to close my eyes and, like, scroll this. What is this? Oh, Avalanche. All right, what time frame? We're going to start with Avalanche on monthly. Okay, Monthly chart. I don't think we're gonna have the 100 and 200 hasn't been around long enough. So I'm gonna pull up the exponential moving averages. Ooh, interesting. We're right on top of the 10 and 20s. I'm gonna put a Line there. So this is the 10, 20 on the monthly pop into the weekly. Okay, 50 on the weekly seems to be a decent little support. Can you guys see how we've interacted with that price before? So again, we bought. We bounced there, right, Catherine? We bounced there and we bounced there. Speaking of a garbage coin, Steve, there's no more garbage than Avalanche. And look at this thing. So it bounced from here, 50 EMA. I mean, that's 23% into the next moving average. So if you're like, what, how am I choosing this number? I mean, just. Guys, just look at the chart. Between the 50 and the 2050 and the 2050 and the 23 times that, you're capturing 23%. 3. 10,000 20%. It's 12,000. 12,000. 20% is 2400. So now you got 14,400. 14,420%. $3,000. So you took $10,000 into $17,000 since early March. Do you want those types of returns, yes or. Yes. Me too. Will that work with any amount of money? Yeah, for the most part. If you're wondering what's too much money to put into crypto, talk about that to me privately. I'll let you know. Well, we'll go through your net worth and we'll talk about it. Because it, I think it matters, depends on age and risk and stuff like that. But ultimately, I mean, like. But again, that's. I'm not doing anything special. This is, this is 50, because you can see the support there. I mean, if we go back in time, I want you all to look at this stuff as it was. Because do you think that exact pattern will happen again on another crypto in your lifetime? Yes or. Yes, I promise you it will. So if I go back over here, I'm just looking at, like, Nome. How would you have known to sell at the 20? Well, this is. Right here it is. Here's the 50 and there's the 20. You just draw lines there. You're like, you know, it's coming down to the 50, you buy off of it, trade up to the 20, you sell off of it. Now, if you're saying to yourself, well, how you know it's going to bounce off the 50? I don't. I'm like, maybe it does. But if you go back a little bit farther and go into here, you're not buying this now, I hope. I mean, you know, it was up 550%. Like, you don't want to buy. You don't want to buy it, then I mean, your worst, your worst case, you're buying it off the highs of this 10 EMA candle. And even if you did that, it bounced 20 before I went lower. You know, So I was like, you're not gonna. You're not. No. None of you are buying there because we're way past fomo. You guys are. You guys are at this mentorship for a very particular reason. This is the one that everyone wants to be in because none of you are going to have fomo. You're all going to take calculated, measurable tactic approaches. Okay, so there's Avalanche. I'll draw some lines here which will represent a resistance. Okay, that's in red. I'm gonna put on the long term moving averages. We're probably gonna be above the hundred. We're above the 100 on the week on the weekly daily chart. Okay. So this red line that I drew right, was the weekly moving average as a resistance and you got the 200. So that's where I would be selling if I was. If I was in Avalanche, which I don't have any position, but if it came back down to 33 by at 33, sell at 37, basically right now that's the. That will be the setup. And that is a 14%, which is almost double what most people make in a year on their mutual funds. That could happen in eight hours. So is this a really, really high quality position to be in right now because you're below these big daily moving averages? Probably not, unless you can get it down here. So this is kind of in a no man's land because we're so close to resistance and we're so far away from support. Does that make sense? Any questions before happen to one more. Okay. Now I will give you one just since we're here because I don't want you to work too hard, I want to give you one that I again have no clue what they do, but it looks pretty strong and interesting is Harvest Finance. The reason I'm looking at Harvest is because you're above the daily moving averages. Right. Going back to what I mentioned earlier. Look for strong trends. This is a very true story. I missed this move here by minutes. Like I was setting up the trade and as I was saying, up the trade and started pumping. I just didn't pull the trigger cutting it fomo because I was. Whatever, Tom, that was a hundred percent move in a day. No clue what this kind of does. No idea. All right, here's the weekly. Weekly looks nice though. It looks strong. Look how far away from 100 it is. And moving averages, you're above them, right? You got the 10 to go. But like this has a good little trend to it monthly chart above them. There's no 50 yet. So that was your 10 EMA right here, Tom. So a really good spot to buy this bad boy would be 60 bucks, which is right around, right in between 100 and 200. So you buy it at 60, sell it at 80, that could be a good little, little move on farm again. Next week. Next week we'll talk about how to analyze some of this and how to, how to review some macro stuff on crypto and we'll look at futures charts, we'll look at forex charts and all that kind of good stuff. But feel free to post any updates, any charts that you have questions on. From a bitcoin perspective, because you can't, can't have crypto class without talking about bitcoin. It looks super pumpy right now. The weekly chart had an inside week last week. Bare inside week. And if you're counting, this is the first bear candle above the 10 EMA that's bearish on a weekly chart. My girl Catherine knows all about this. So it is a matter of time before this goes to 80. That's a guarantee by the end of the year. It's a newsome guarantee. It doesn't do it, you let me know, but it will. That's a conservative guarantee. Obviously anything higher is going to be extra bonus points, but. And you know, it's $10,000 a coin between now and 80. So if you're not in, you can have some. If you want to be in, you can have some. And then I know that me and Catherine and Litecoin pretty heavily and I love, I love it. I still do. It's at the 100, 200, it's in between those. We did get a close above it, which is fine. But the weekly still looks pretty good. We did bounce off 100 on the weekly and we had an inside week last week, just like bitcoin. The rest is pretty sideways. But again you're kind of above the weekly moving averages, which is kind of nice for the most part. And the monthlies are flat, which is okay. But the monthly long term moving averages on Litecoin zoom out in here. One of those monthly moving averages. Oh, there's no monthlies. I thought there was monthlies. No, there's not. All right, so back to the weeklies. I still think this is a buy low, sell high. I think this is a very high probability gets up into a hundred. I'm going to be very patient with litecoin, but I did buy some down here and I'm just leave it alone, let it do its thing. So this is my, my positions and if you have any questions, team, let me know. Go post some charts, go post some trade setups. Futures, forex and or crypto. What are you going to trade? What are you looking at? What do you want? Analysis on? Remember, I'm here to help build your plan, build your system. We will meet again on Thursday, midday. Don't worry about waking up too early, Catherine, if you don't want to. But it'll be early in the morning for you, so up to you. But I'll be recording all of our sessions. We'll walk through everything. If anyone has any questions anytime, let me know, okay? Love your team. Go be amazing. Rock.
