How goes the fund?
I am trading small for the time being and putting a lot of time and effort into my skill development.
August is well known as the holiday month for most industries, undoubtedly reflected in the market.
Volume is exceptionally light so far this month. Being in training mode right now, therefore, is no actual loss of opportunity.
My work continues as an intraday currency trader.
I am significantly more trend-oriented than previously and enjoy incorporating my understanding of the Volume Weighted Average Price indicator (VWAP).
I am using the VWAP in both the session mode with standard deviation lines and (which is proving to be a pleasant bonus) the anchored VWAP.
I’d spent a lot of time previously on the Commitment of Traders (COT) report.
And, although the VWAP and COT are worlds apart in how they have derived and their respective timeframes nonetheless, I feel that being familiar with one has aided my adaptability to the other.
I’ve had a few questions recently on the best place to put aside money for grandchildren. Long term investing.
The usual ISAs are an option, but if you’ve filled those and want somewhere with a significant oomph, you must consider Crypto.
If you’re looking long term and you are not going to get too stressed about the ups and downs—in essence, you’re happy to use dollar-cost averaging. Then you have to get in on this.
Consider going back in time and having the opportunity to buy Apple while Jobs and Wozniak were still operating out of a garage.
That could be Crypto right now. I know you’re not convinced, but the more I study the subject, the more I realise the potential of Crypto.
In a nutshell, an investment in Crypto has a probability of a 50% loss or a 500% gain.
It could be worth the ride!
I will provide links here soon to simple explanations on what it is all about.
The two that I’m watching are Bitcoin and Ethereum.
They are very different. However, each has an overarching reason to invest.
Bitcoin has a hard limit of 21 million coins, and Ethereum (as early as next year) could provide a yield.
Volatility is mainly due to the small number of big players and low institutional involvement. But that is all changing.
Crypto is a billion-dollar market. However, it has the potential to take a significant slice of the Bond and Gold trillion-dollar market.
But how do I invest?
The first advice in Crypto is don’t use leverage. It would be best if you bought it. And this is easier than you might think. Again, I will provide the links on how-to soon.
To get you thinking.
Even though we are dollar-cost averaging, it is better to not throw money at it willy nilly.
I want to provide critical moments based on VWAP signals and technical analysis on value and break out points.
You would then do your purchasing.
One of the advantages of Crypto is that you can buy small amounts. Let’s say you had £1,000 (or multiples of) to invest in Crypto.
I’d follow Chris Lee’s suggestion (more of his links in the next blog) and split the investment equally between the two coins.
Of the split amount, I’d put half (£250 split into quarters, say) into value entries and the remainder into breakout entries. Then, finally, I’d give you the timing to enter each.
That is enough for now. As I say, this is food for thought, with more to follow soon.