Yet another hack of a major crypto ecosystem protocol… you are thinking, surely this is the end of crypto, time to bail out, right!?
But… Seriously? This is nothing, a mere snag like catching your jeans on a bramble. It’s annoying. But your jeans survived, right?
Same with Polkadot!
Its ACALA stablecoin may have suffered a major breach just months after being launched this year in February, an attack that caused the price of a USD to plunge from roughly $1.03 per token to $0.009… yet is this event really that bad?
Well, as ever, our founder Marcus de Maria and Trader and Coach Keith Sullivan have much to say on this, which we’re sure you’ll find essential viewing here in this week’s Trades der Woche.
Not only that… we had some absolutely BLISTERING PROFIT news which we are extremely pleased about! As you may be too if you had done your research and decided to get in.
It’s also been a week where the importance of strategies once again hit home!
But first, let’s begin with our round-up…
BUFFALO
ALBERTSONS COMPANIES (ACI) – almost got stopped out, but could be on for 5% profit!
PAYCHEX (PAYX) – now up 2.5% so we’ve locked in 1% profit.
COTY (COTY) – slightly down, but could be a good price to get in because risk-reward is fantastic.
ATT&T (T) – No trade here.
MERCK (MRK) – in a slight profit once again, but we’re waiting for the market to push up.
MARKETS
Pretty much the same as last week, with slightly mysterious goings-on – i.e. the US CPI (Consumer Price Index) seems to tell a different story about inflation as CPI did decelerate contrary to analysts’ predictions.
Still… we believe there could be a bit of a further drop in the market – but once again if that does happen our strategies are prepared for that, we are Warren Buffett’s – accumulate, accumulate, buy more as the price goes down!
NEW BUFFALO OPPORTUNITIES
THE CHEFS WAREHOUSE (CHEF) – unfortunately, this has already been pushed up so don’t chase it if it has already gone up because we’re in slight profit here, however, if this does have a retracement you have a good entry point.
ABIOMED (ABMD) – we are placing our entry 1% below our stop loss and 1% above and we get a good risk-reward ratio of 3.24.
But remember – we don’t know what will happen, we have no idea, what we are doing is using certain chart patterns, and risk-reward ratios and the rest of it is all about probabilities and letting your profits run.
CRYPTOS
Okay, so POLKADOT (DOT). It was a massive hack attack on its power chain, the price plummeted -by 70%!
The fear, it kicked in… but are we fearful? NO!
As happened with TERRA LUNA. We say the same thing. Cryptos is still a brand new market, there are going to be opportunities but there are also going to be scenarios or events where this kind of hacks happen.
Well, you’ve got to learn some way, right?
With these hacks and breaches happening, they learn how to make security even better.
Remember, crypto is not for the next year or five years – it’s the next 10, 20, 30, and 40 years.
We still think Polkadot is an amazing opportunity – as a project it still has great fundamentals behind it and so much potential.
These are the things YOU need to make a decision on. But our strategies will help because they are PROVEN (as you will see later!)
BITCOIN (BTC), ETHEREUM (ETH) – same position as last week, market short term is making higher highs and higher lows.
But we haven’t had enough time to make profits and we’re not really accumulating any more coins either because the market is slowly rallying back up.
Some positive news – more signs that crypto adoption is happening! REVOLUT (STTRCX) – has got regulatory approval to offer crypto services to its 17 million customers in Europe and that is awesome!
Now, we know you may be thinking, it’s going up, down, which way is it going, where’s the bull market?
In a bear market, which is what we are in, now isn’t the time when you are going to be making money, because it’s about preparing yourselves to make a fortune in the next bull market.
Because a Bear market is when most millionaires are made.
RIPPLE (XRP) – a new report reveals that 76% of financial institutions expect to use cryptos by 2025.
More adoption, which is all good news.
VCA
Looking good!
PAYCOM (PAYC) & CHIPOTLE MEXICAN GRILL (CMG) – both locked in at 20%!
We are still in… so if it goes up further, then we simply raise the stop-loss for MORE profit.
This is why this is such a clever way to do it.
APPLE (AAPL) – another 20% stop-loss in place.
MEDIFAST (MED) – a new entry actually, fundamentally good, strong company, we have entered at a -40% drop.
And now… DRUM ROLL PLEASE!
COINBASE GLOBAL (COIN) – and we’re thrilled to announce, that we have finally taken profit here… at a sensational 31%!
It’s all thanks to Black Rock, the world’s largest asset manager with $10 TRILLION under management. It entered a joint venture with Coinbase – which means Black Rock wants to offer cryptocurrencies to its user base.
That is a serious tick in the crypto box.
NEW OPPORTUNITY… or is it?!
DOVER CORPORATION (DOV) – down at -24%, on the face of it great…
BUT… there could be a slight anomaly (which you can find out more about here).
Important to note:
Just because we’re going into something don’t just blindly go in because you never want to give control to somebody else.
Here at Investment Mastery, we’re all about taking control of our OWN finances.
Which we hope you will do as well – and that’s what we teach you to do.
RESULTS
STOCK MARKET
BUFFALO: +64.2% on total portfolio
VCA: +1,056% on money invested (+31% – AWESOME!)
CRYPTO
CCA: +1,510% on money invested
Small Cap: +4,320% on money invested
