By Levi Rasmussen


ALSO READ: How to Build a Crypto Portfolio


And we’re back!

The first week of our Spring Crypto Competition is in the books and the thrilling crypto rebound continues on…for now. The competition is stiff, risks are high, and there’s over $1000 of real cryptocurrency ready for the taking. Who will claim it?

Perhaps before we charge ahead into week two, we should take a moment to reflect. After all, as the saying goes “hindsight is 20/20.” Last month’s March Competition separated the rookies from the vets, and surely we could all learn something from those at the top of the leaderboard.


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And the winners are… 

  1. Dragonmoip (+4572.13%)
  2. fess.garrett (+4444.78%)
  3. lilobilo (+3459.11%)

Wow. Shout out to these guys for some HUGE returns. I don’t know about you but I can’t help but wonder how they did it. Maybe luck? Maybe skill? Maybe they can magically see the future?

I don’t know their whole strategies, but from their trade data I have analyzed a few key aspects that I think contributed highly to their success. Let’s get into it.

Three tips from your March Crypto winners

  1. Active Trading-

All three winners made hundreds of trades each. Dragonmoip made 264 trades, followed by 236 from fess.garrett, and 292 from lilobilo. Now, this doesn’t mean trading more makes more money. But, clearly in a month long competition it is necessary to trade actively in order to capitalize on local highs and lows. In real life, this strategy is called day trading (learn more about day trading cryptos here) and it is a very high risk strategy.

As you can see though, for our three winners their high risk strategy came with a huge payoff. So maybe, take a page out of their book and make a few more trades this month. You only have a few weeks, make the most of it!

  1. Diversification-

Smart traders rarely put all of their eggs in one basket. For this month’s winners, they all traded in tens of different coins ranging from AuroraCoin to Zcash. Diversification mitigates risk by spreading it amongst more parties. That way, if you make one bad trade, your entire portfolio doesn’t crash and burn. Picking how you diversify is the difficult part. For our winners, they kept a solid base of well-founded coins like Bitcoin, Ethereum, Litecoin, and Ripple, and then rotated in and out of riskier altcoins.

  1. Catcoin-

Speaking of riskier altcoins, the most specific common thread among last month’s March Crypto Competition victors was that they all traded Catcoin. I, personally, never had heard of Catcoin, but according to the data, its massive price fluctuations are the leading causes of the thousand percent returns our winners accumulated. Dragonmoip made 102 Catcoin trades alone, buying in at between $0.02 and $0.06 a coin and selling at over $1.00 per, all throughout the month.

Sometimes you have a good eye, sometimes you get lucky. I think our top three did some of both. They took a high risk on an unestablished, unknown coin and turned into opportunity. Bravo, and I hope we can all learn something from their bold picks and meticulous activity.

Wrap Up

Don’t miss your chance to join in on the competition now! Sign up for our Spring Crypto Competition today to learn some valuable skills, in a risk-free environment, with the chance to win big! As always, I’ll be here along the way to help you toward success. See you next week!



WALL STREET SURVIVOR'S BEST OF THE BEST LIST

MARCH 23, 2020: URGENT UPDATES TO HELP YOU MAKE MONEY WHEN THE MARKET IS DOWN!

The markets have dropped over 30% since their highs just a few weeks ago because of the Coronavirus, but we are starting to see more signs that this might be a PERFECT BUYING OPPORTUNITY:

#1. HOT Fool Picks in Spite of Crash. Here is why we love the Motley Fool--On Thursday, March 19, 2020 they recommended Zoom Video (Ticker ZM) when it was at $124. Today, March 23 it closed at $160, that's up 29% in 3 days! But that's not all, they also recommended it October 3, 2019 when it was at $77 so that is up 108% since they picked it back in October, in spite of the market crashing 30%. Other recent picks are TSLA, NFLX and TTD which are all UP since they were picked!

#2. Stock Prices Are Down 30%.  This is a good thing! If you are thinking of buying stocks, now's your chance to get quality companies at much more affordable prices. This offers a very attractive entry point, because stocks are ON SALE and you can now buy quality stocks for 30% less than you would have paid for them in February.

#3. More Articles Are Starting To Recommend Buying. As we are nearing the bottom of this drop, we are starting to see more articles like this: BlackRock is suggesting we may be at a "once in a lifetime opportunity", Morgan Stanley says to start buying, and Warren Buffet has a stock pile of cash and rumors are he is starting to buy.

#4. Dollar Cost Averaging Works! Since nobody knows where the bottom will be exactly, smart investors continue to invest a fixed dollar amount in the market each month. This is called Dollar Cost Averaging. That way, when the markets are down you are buying more shares of your favorite stocks at cheaper prices. This helps drive down your average cost and increase your profits when the stock market moves back up.

If you need recommendations for stocks to buy now, keep in mind that the Motley Fool Stock Advisor beat the market by over 30% the last 4 years, and they are currently recommending that NOW IS THE TIME to start buying some of those quality stocks that should make up the foundation of your portfolio. The Motley Fool Stock Advisor service is recommending at least 15 stocks that you should plan on holding for the next 3 to 5 years. So, if you need investing ideas, it is a PERFECT time to consider the best stock newsletter over the last 4 years--The Motley Fool Stock Advisor

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