Investor insanity about bitcoin, cryptocurrencies and blockchain is in full bloom.
Those with trading experience have two choices: complain about the insanity or take advantage of the insanity to make money.
Those choosing to make money ought to make sure they have a proven methodology in place to control risk. It is easier to control risk in bitcoin- and blockchain-related stocks than in currencies themselves, such as trading bitcoin BTCUSD, ethereum and Ripple.
Let me illustrate with a chart of a former Dow Jones Industrial Average DJIA, stock that has produced a 220% gain in one day after The Arora Report issued a buy signal.
Please click here for the annotated chart of Eastman Kodak KODK, This is the old camera-film giant that used to be in Dow until 2004. The stock represents the company that emerged from bankruptcy. Please note the following from the chart:
• The Arora Report gave a buy signal when the stock was at $3.80. At the time of the buy signal, the first target of $6.50 to $8.80 was given. We said if it catches the fancy of the momo (momentum) crowd, it could go as high as $17. As a risk-control measure, the stop zone was given at $2.73 to $2.88.
• A simple technique that investors will find useful to double their returns and control risk is to buy a core quantity and then surround it with trade-around positions. To The Arora Report subscribers, we provide a detailed methodology for using this technique. Along with the buy signal, the call was to add trade-around positions with tighter stops to lower risk.
• The chart shows that, initially, volume spiked but the VUD indicator was orange. This indicated that even though the stock was rocketing, there was net selling in the real time. Our separate algorithms picked up extensive short selling. Apparently short sellers did not believe in the rise. Short sellers were betting on the stock to fall back to earth….Read more at MarketWatch
A knowledgeable investor would have turned $100,000 into over $1,000,000 with the help from The Arora Report. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 2% of the content from our paid services. …TO RECEIVE REMAINING 98% INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES, TAKE A FREE TRIAL TO PAID SERVICES.