Thirty two page Crypto Trading Plan Example PDF with Tutorial Video. Included with the Crypto SmartWatch model portfolio tracker.
Our bite-sized style cryptocurrency lessons are generally under 10 minutes per video so you can start building a focused understanding of trading crypto trading for profit – and skip past all learning about the technology.
A trading plan that you understand from entry to exit, is all you need to successfully make profit crypto trading the altcoin seasons.
Trading Plan Blueprint
A trading plan is a blueprint that outlines the steps you will take to achieve your trading goals. It acts as a roadmap or a flowchart, guiding you through the correct actions in to take in all 5 Stages Of The Trade. Whether you are a beginner or an experienced trader, a well-crafted trading plan can mean the difference between profit and loss.
Example of what is inside our Crypto Trading Plan PDF
In the basic Crypto SmartWatch crypto technical analysis course, we will be covering an introduction to only technical analysis we need for trading cryptocurrency with the least risk. Technical analysis is a tool we use to analyze historical price data and identify our trading signals and our risk control zones.
Technical Analysis is not about making predictions about future price movements, though the clickbait headlines on youtube may lure you into that horoscope-method-of-trading.
By understanding the principles of technical analysis and risk control, you can gain a deeper understanding of the real job that is required for successful trading – and even work out how long it might take to become a crypto millionaire.
This technical analysis for cryptocurrency PDF will provide you with a focused view of how we use technical analysis, including trend analysis with exponential moving average pair crossovers, trend lines, support and resistance levels, as well as our key trend reversal chart pattern.
You will learn how to use these techniques with our risk management approach to identify potential trading opportunities and plan the 5 Stages Of The Trade in advance.
In addition to the technical analysis cryptocurrency tutorial, we will also be covering other essential topics such as our two risk management rules, your emotional relationship with money, and how the Crypto SmartWatch can help you manage you portfolio diversification.
These topics are crucial for any successful trader and together with our coaching and our dedicated trading community, we can help you build a solid foundation for your trading journey.
You may have compiled a list of the best crypto trading courses available online – and yet still hesitating about which one to invest in. Other courses are designed to provide you with a comprehensive understanding of blockchain and the technology behind it.
But we don’t need to know any of that if we just want to profit from the price swings of the cryptocurrency asset or token.
Trade cryptocurrency and make profit
Skip the technological crap about crypto.
The SmartWatch will equip you with the skills and knowledge you need to start trading and managing risk confidently. Whether you are a beginner looking to get started or an experienced trader looking to expand your knowledge, the Crypto SmartWatch explains the entire process and then makes it a simple daily routine!
We hope you find our Crypto Trading Plan Example PDF helpful and look forward to guiding you on your trading journey. With the right knowledge and a well-crafted plan, you can maximize your chances of success in the exciting world of cryptocurrency trading.
Crypto markets extremes can be BIG PROFITS. Once we know markets go to extremes, and we know how to measure it, we can put that on our side. Very few traders wait for that advantage, and fewer still are prepared in advance to exploit that advantage.
And that’s what this video is all about.
I’m sure you’ve heard the Cliche ‘cut your losses, hold your winners’, this will keep losses small, but it misses a second factor every pro uses to exploit the advantage of market extremes – for the big profits.
Most of your money from trading is going to come from trades that take off rather quickly from when you put them on. That is the reason today’s video is so important.
As crypto traders, we are after a better return than most would consider fair in any other investment.
Many crypto trading plans have the trader in a position at all times, the thinking being that the market is either going to go up or go down. Perhaps you have been trading crypto this way, and maybe making 60% correct calls and still struggling to consistently grow your portfolio. Often, trying to guess every market move just encourages over trading, second guessing and a string of small losses.
Without the strategy we cover today, you will find that trading still isn’t even a 50/50 game.
You may win more often than you lose and never recover much beyond your losses.
It is natural to want to take a profit to prove that we are right. Being right does not, in itself, make the most amount of profit. It’s important for us to keep a good position as well as impress upon your own thinking about having a correct position initially.
Maybe you’ve put on trades and waited for the market to prove it was a bad position. And when your position are correct, the next step is wondering when to get out. It’s human nature to do it this way. It’s the source of many trading difficulties.
The time to get out of a position is not when the market is proving your position to be a correct one. You have the opportunity to be wrong as often as correct, but when you are already proven correct, this is certainly the time to step off of first base.
Our first risk control rule for crypto trading keeps us protected from our lack of certainty and the second risk control rule helps to enforce the certainty in those crypto market extremes that do prove correct.
This is the second part of two special videos on risk control. If you haven’t watched the first one already, be sure to go back and watch the video on Rule Number One.
Without a correct method to keep you in your winning trades and to press your correct positions, you will never recover much beyond your losses.
When your trade is correct you must be bigger at that time. This will require a rule, a strategy, which is designed around adding to winners in an unfavorable game to come out ahead in the long run. And here it is:
Rule #2
Press your winners correctly without exception.
Sounds pretty elementary but correctly is the key. What you hear quoted most of the time is “cut your losses.” Cutting your losses is vital for survival, but you need this pro strategy if you want to make profits.
There certainly will be debate on how you know when to add to a correct position and on how a market can turn a correct position into a wrong position. I’ll get into specifics in a later video when I show you the flow chart for ‘The Five Stages Of The Trade’ – it is so important because Rule Number Two shows up in three of the Five Stages Of The Trade.
I’ll share our most important add-on plan at the end of the video, but first, let’s unpack this – and get a birds eye view of this Pro Tactic.
Press your winners correctly without exception.
Rule #2
Just because you have a position in your favor does not mean you must now add to that position. “Correctly” means you must have a qualified plan of adding to your position once a trend has established itself. The proper criteria for adding positions depends on your time frame of expectations in your trade plan.
“Without exception” the rule indicates it is not an arbitrary decision on the trader’s part whether to add. It is not optional. Keep in mind that a correct way of adding in one trade plan may not be correct in another.
You might be a day-trader just trading back and forth, a short-term swing trader, or a trend trader only. Each trade plan will have a different criteria for adding on.
Most traders also want to get out before the market turns and takes away any profit they may have. We may let losses get larger because we are wanting to be right and hoping the market will reverse… and yet we may only let the gain get started before taking those profits… taken together, this will cause your losses to be larger than they need to be, and your profits smaller than they could have been.
Rule 2, it states only that you must add to correct (proven) positions and that it must be done correctly. The rule makes no exception on adding to correct positions. The intent of Rule 2 is twofold: Reinforce your correct position both mentally in your thinking and your execution and to increase the size of your position.
The rule does not tell you how to add, as this is your requirement in the trade plan you develop.
Trend traders will start small and get larger when they are correct, but day-traders will start larger and get smaller when they are wrong.
Trading Crypto In The Long Term
These two rules are to give you the long-term ability to continue to trade with the least amount of drawdown and the best possibility of making the most money in the long run.
Huge drawdown is the critical reason some traders go out of the business. You must start your trade plan with rules created to protect your equity. I am presenting those rules to incorporate into your plan. Experience has proven these rules a necessity in survival and reaching your objective of making the most return with the least amount of risk.
It’s easy to focus on the predictions, on the potential profits, and unknowingly put the risk control rules on the back burner.
In the last video we focused on Rule Number One, the strategies that will keep you in trading for the long-term. This keeps risk small at the start of the trade – but there are times when we want to increase our exposure to a market when our position has been proven correct.
We must address Rule 2 when creating the trading plan – before the trade is placed.
It is a solid rule and its importance cannot be diminished in trading. Until you see the reward from Rule 2, it is very difficult to understand.
Many traders will leave a plan to add to winners on the back burner when it is time to add unless you fully understand the need for this rule.
I believe most traders want to have a certain size position, and that is the position they place from the start. This is not a correct way to allow you to use Rule 1 and definitely Rule 2 properly. When you see an expected move from the start of trading, your thinking is counter to ever adding in the first place.
True, you should be at least twice as big or larger when right than when wrong, but you must work that position into your trading plan. You never risk it all on the initial position being correct or you are defeating the rule.
I want the traders to ask themselves two questions:
“Do you put only part of your expected position on from the initial entry?
“Are you planning for adds prior to your initial trade?”
If the answer to either of these questions is no, then you must go back and rethink your trading program. I have said it before. If you can think it, you can do it. Perhaps the traders aren’t thinking it to begin with because it certainly is not expected thinking without the proper planning.
This is your enemy . . . to love to be right. Your motivation must be to love to do the right thing in trading by either reinforcing correctly your position or removing it should it not prove to be correct.
By incorporating Rule 2 in your game plan from the start, you will be eliminating the desire to be proud when the market moves your way and want to take profits to show that you are right. Traders love to be right.
You will become the best trader you can be by being wrong small, not right small! Get that in your mind now. You are going to have to press your winners if you really consider yourself to have the ability to make a living or extra income from trading.
Otherwise, face the truth that you are only playing to break even.
You must understand that you are not the one who will determine your market position size. It is going to be the crypto market and must always be the market. Rule 2 is going to tell you to put a complete plan into effect before taking the initial position.
I cannot help you with over-trading or being under-margined. You must correct that situation before you can ever expect to be on even ground with the big funds. You must at all times be able to put only a portion of your expected position on at entry and be able to at least double your size somewhere along the route of an expected move.
The protection is Rule 1, but the biggest protection is Rule 2!
Now I am going to tell you why Rule 2 is the biggest protection of all. You never suspected what I am going to point out.
You have all heard that you should not add to a loser! Well, Rule 2 takes care of that from the start by keeping you with a smaller entry position in the first place. You never have your entire position until you are getting the move you had expected.
Now, why would I encourage you to have half of your total position at entry?
Because it is a losers’ game from the start and you knew that from Rule 1. Now, from Rule 2, you find out that, to trade it correctly, you were never really suppose to have your initial position upon your entry of a trade.
Traders are over-trading most of the time when they say they can’t seem to justify adding to an existing position. Most of the time a trader does not think about the reason for adding because they have their initial position on from the start. This is their maximum risk from the start.
That is never what you want in trading. You must take some risk but never your maximum. That is exactly what they are doing if they cannot plan for added positions along the way.
Strategy For Adding On To Successful Trades
Correctly adding to a proven position must be organized so that a top-heavy trade isn’t established because that will ruin a good trade in a minor reversal. Each add onto an original position should be done in smaller and smaller steps.
As an example, if you had a $6000 trading account, and you planned to put 10%, or $600, into a specific trade. Put $300 on as your initial position, add on another $200 if your criteria are met, and be prepared with an additional $100 to add if the position continues the trend. This gives you twice the original position size when all three positions are in place. I practice using a 3:2:1 ratio in establishing a full position.
All credits for this work go to Phantom of The Pits and thanks to Art Simpson for permitting me to share this work.
ULTIMATE Crypto Trading Risk Control (RULE NUMBER ONE)
What would happen if you could go from struggling to profitable in your trading with two simple rules that could shift the odds into your favor?
I found these rules a couple of years after I started trading back in the 1990’s, after I lost all my money, twice.
I had learned all about entry patterns, but I hadn’t learned anything about risk control.
When I created my first crypto trading course in 2015, I reorganized all the random information I picked up over the years, and placed it into the order I wish I would have learned it.
So I’m introducing these rules in this video series before I reveal my trading plan entries and exits. I want to help new traders establish a foundation that will help ensure that you don’t lose all your money, like I did.
You don’t need to make these mistakes to learn these lessons, you can learn from observing my mistakes. And I’m happy to share them. I paid a lot for them.
Crypto Trading Risk Control Rules
Many of you have experience with trading already. These trading rules have provided some of our students with a flash of insight that immediately improves their crypto trading results, and others, like myself, may need a bit of study to build the belief around the profound shift.
And if you are new to trading crypto, and you are looking for a Beginners Guide to Trading Crypto, learning this approach at the start will definitely improve your odds of success.
Before you consider placing a speculative trade, you must be able to repeat these two key rules from memory – out loud – without reading them.
These two rules are simple to memorize and state. That’s part of their beauty. But these two short and simple rules have profound implications on your trading – no matter what trading methodology you may favor, be it chart patterns and technical analysis or be it fundamental analysis and news events… these two rules can shift the odds in a game that is normally stacked against you.
If you are serious about making money trading in any markets – learn this before you trade, think about it, practice it, just as a pilot learns and practices in simulations before they fly for real.
Profitable Trader Shares Common, Learned, Habits
The people who are profitable generally share common methods, common standards and common rules that they all abide by, even if they are wrong 70% of the time and right 30% of the time – they can be profitable in today’s difficult crypto markets.
You may have been trading cryptos, maybe making 60% correct calls and still be struggling to make profits. If this is the case, I invite you to imagine what would happen if these two rules actually did tip the odds into your favor and help ensure smaller losses and bigger profits!
More Than Buy Low Sell High
When I first reveal Rule #1 and Rule #2, they may seem over simplistic. So before I do that, I want to uncover the subtle elements to these rules and consider the consequences over a long time frame.
By the end of this video. you will come to understand the profound impact this approach can have on your trading and any other risky thing you are doing.
No matter what kind of risk you are taking. you want to incorporate Rule #1 and Rule #2 to help you protect yourself against negative consequences, and to make the positive results even bigger.
Once you see how the effects work together to help ensure your profitability – Rule #1 and Rule #2 will naturally become a part of all your trading.
By practicing these crypto risk control rules with your micro-investing, you can develop habits and wisdom that will help you gain similar mastery over your fiat cash stack as well.
Rules for Life
Often these rules can also apply to other areas of your life where you can use them on setting goals, correcting missteps quickly, and boosting the successes of any of your endeavors.
Growing your mirco-investments is a lot of fun! Dealing with money should be fun! And this is a great place to learn and practice success habits with money!
Correcting Common Trading Mistakes
One student wrote in: “I was trying leverage trading this week on gold and silver and I noticed I was really anxious of being at loss and I notice that I would get out very quickly if I’m in profit.”
This is a wonderful example of natural human emotion, and it’s the reason you want to start off small, with no leverage at the beginning.
Just play. Just get used to it. At the beginning you have to learn not to be anxious about a loss, you have to expect it, plan for it. It’s part of the work that your money is doing on your behalf.
We must change our thinking about the difficulties of a loss. Instead, start with the perspective that the loss will help protect you against the nasty things the market can do.
They who lose best, are the biggest winner in the end.
I’m so very grateful for that comment because I also have the same emotions many times in my trades! …especially if I’m over-trading with a position that is too large, or if I’ve put on a trade with too much leverage and my stoploss is too close to the market.
When trading a crypto market, you have to give it room to move. That means you have to trade a small enough position that you can comfortably give it that room to move within the technical levels.
Before starting each trade, it is vital that we prepare the correct position size according to the size of our account equity. It takes repetition and practice. Like learning anything, it will start out difficult, but soon it gets easier, and with practice, it becomes second nature and almost effortless.
Our premium community of traders refer to these two rules all the time. Lets review a few examples in order to appreciate the profound implications that each rule brings to your trading strategies.
Behavior modification, without doubt, is the key to trading success — it starts with how we think, yet we also need to change our beliefs in order to truly change how we act in certain situations.
We must be very clear about the trading situations we can control, and the situations over which we have no control.
I offer these lessons that I have learned, and that I am practicing – as guidance, but it is your own determination that will make you a success. I can share the knowledge, but it is your efforts that will make these rules into a belief and a habit.
These two rules will be responsible for protecting your assets, and will help to keep you in the trading game forever.
I can be very costly to make mistakes in trading. You don’t need to learn from your own mistakes in trading, you can learn about correct trading from observing others. I am happy to share them if they shorten your road to success.
Preparation For Crypto Trading
First, you must be properly prepared for the trade.
Second, you will do your work and you will let your money do it’s work
First, in your crypto trading career you will find that the markets go back and forth without going anywhere a lot of the time. Second, in your trading you will find you do not ever control the market but only your position. You can stop your position wherever you wish. I want you to drill that into your thinking also. You can stop the market’s effect on your equity any time you wish. Simply stop (remove) your position.
You must realize you are required to work with your positions and not let the market work on your positions.
The main reason I’m creating these video tutorials is so that I can become a better Trader myself. There have been times where the market did a total surprise to me and I got killed in the market, taking big losses. And after the fact I wondered what I did wrong in my Trading and what I discovered was I didn’t even know what the right thing was.
Fact is I had not taken the time to consider what a big move could do to my trading account. You may hear the cliche that the BIG money is on the surprise side. What this really mean is that the BIG LOSERS are on the familiar side or the expected side of a trade.
Today we’ll uncover the two keys that separate the big winners and big losers.
In the beginning, it didn’t ever occur to me that I should be preparing for the possibility of a big move against me. I was over-positioned, even though I thought I had a good protection plan, and, I was mistakenly doing the work that my money should be doing.
Everything I did in my trade planning was based on estimates of how much I could take out of the market. My trades were actually designed to lose and the worst part is that I don’t even know my strategy was ruining a good trading system.
Many times, when I thought I was smarter than the market and kept sticking to my predictions… I ended up taking a big loss in such a little period of time. Maybe this has happened to you as well.
Why does it happen? Mostly because my plan didn’t consider, “What if I am wrong?” My thoughts are always expecting to be right… after all, why would I put on a trade if I didn’t think I was correct?
Herein is the key to being a successful trader. I have learned this over and over again in my trading career. I haven’t found any crypto youtuber who will tell you what I am about to reveal.
In trading, if you have bad luck, you will eventually have to stop trading. To be prepared for that bad luck is a requirement in trading. You will not survive if you do not plan for bad luck. My first steps in trading remove the bad luck altogether.
Plan For Bad Luck
We must plan for the assumption that the trade will go against you as long as it is a possibility and not just when it is probable. This is a very important point in trading correctly!
This will be the surprise side in trading. The surprise side is a possible outcome but not a very high or likely probability. Most traders plan only for the probability side and that, to them, is always what they consider the winning side. This is the biggest mistake you can make in trading. Instead, you must plan for the losing side.
Trading is not a favorable game in most circumstances, and that is what we must use as our assumption in trading. The big mistake made by traders is thinking and expecting trading to be a favorable game.
The correct way to control positions is to only hold them once they prove to be correct. Let the market tell you your position is proven correct, but never let the market tell you that your position is wrong. You, as a good trader, must always be in command of knowing and telling yourself when your position is bad.
The market will tell you when your position is a good one to hold. Most traders do the opposite of what is correct by removing positions only when proven wrong.
Think about that. Your exposure and risk is much higher if you let the market prove you wrong instead of your actions removing positions systematically unless or until the market proves your position correct.
You never want to be in a position that is never proven correct. If you only get out when the market proves you wrong, it is possible to have higher risk due to the longer time period required to prove your position wrong.
So here is Rule Number one:
In a losing game such as trading, we shall start against the majority and assume we are wrong until proven correct!
Positions established must be reduced and removed until or unless the market proves the position correct!
In other words, the one criteria for removing a new position is because it has not been proven correct. We do not wait to remove a position until the market has proven the position incorrect.
There is a big difference here.
If the market does not prove the position correct, it is still possible the market has not proven the position wrong. If you wait until the market proves the position wrong, you are wasting time, money and effort in continuing to hope it is correct when it isn’t.
Hope is a beggar.
If you are hoping your trade is correct, it obviously wasn’t ever proven to be correct. Remove the position early if it doesn’t prove correct. By waiting until a position is proved wrong, you are asking for more slippage as you will be in the same situation as everyone else who is being proven wrong.
What makes this strategy more comfortable is that you must take action without exception if the market does not prove the position correct.
Most traders do nothing and let the market stop them out – and then it isn’t their decision to get out at all — it is the market’s decision.
But this approach will increase your losses. Instead, consider this thinking: When your position is right, you have to do nothing instead of doing nothing when you are wrong!
Lets consider the kind of thinking that might keep you in a losing position too long
Who is to say a position that was not proven correct turns from a bad position to a correct position?
If we fear being wrong when they get out and we are worried that the market will show us we should have stayed with the position, then we don’t take early losses when they are small, and it becomes more difficult to take a loss as it gets larger.
It’s the occasional big losses can take away the money you had working on your behalf, and it’s the big losses that demoralize you, and take you out of trading.
Our first job, our primary responsibility is practicing the swiftness needed in keeping your losses as small and quick as possible. It won’t always prove to be correct, but you will stay in the game this way, you will avoid the big losses this way.
I didn’t know what my choices were when it comes to assumptions about what is possible in trading. I started with the assumption that my job was to make money by trading, but this totally backwards. My job in trading is to take losses quick and small.
I now know that these ultimate crypto trading risk control rules assume my position is wrong until the market proves my position is correct. It is my job to know my trade is wrong.
I want to share the best crypto trading book I’ve ever read, before we get into my favorite strategies for cryptocurrency trading – I have some exciting homework for you!
It is an entertaining read – and even though it was first published in 1923, it is one of the most educational books to help you get prepared for the ‘wild west’ of crypto trading. I have been re-read this book twice every year for over a decade and always learn more.
Order the printed book so you can underline wisdom as you find it, and order the audio book so you can listen as you walk, bus or drive.
Required Reading For New Traders
This more than just homework for you.
Consider this book your new companion as you are compiling the full range of skills and beliefs a successful trader must have. I recommend you read this book several times.
It is especially important to understand how pump and dumps work, and how to avoid that sting.
You also learn about the hazards of following the trading tips of other people, and much more…
Don’t skip this section, be sure to order this crypto trading book now, and then move ahead while the book is delivered. This short book will help you gain a broad perspective of the art of speculating, as well as a good knowledge of how price-discovery trading markets work.
I will be referring to principles that are taught in this book throughout the lessons and strategies in our youtube tutorial series. And those of you in the premium group will recognize the strategies as they are built in to the Crypto SmartWatch Traders Spreadsheets.
You may be a new investor – starting your first wealth building plan and seeking to build a life-long habit of growing your money – or you may be an established investor – learning about these new financial trading vehicles, and seeking to quickly establish a portfolio of digital currency holdings for yourself.
With spaced repetition of these wealth building facts, by learning the basics, studying historical market charts and watching real time prices play out in the live markets, you will move your new knowledge about growing your money – into practical experience – and eventually, into a belief that you follow habitually.
I’m going to illustrate why it is that 80% of new crypto traders lose money and quit trading after a few months to a year.
Maybe you lost money trading cryptos because of the way we learned our trading skills.
If you are like I was when I first started out, you set out to learn about trading from books, crypto video tutorials, online forums and social media personalities with large followings… then you transferred money into an exchange, and were ready to find some price patterns and put on some trades!
Maybe you were just like me, and you told yourself:
‘Don’t worry if you take a loss, it’s only your first trade… what do you expect?’
So you did what you said – you put on a few trades that started well, but a few good trades and a few bad trades later, then perhaps a good trade turned into a big loss.
Then what happened?
The fear of failure, the fear of loss is comes in, and now you are not sure what to do next!!
Now what’s the problem with the way I started out? What is the problem with the way many new traders may have started with cryptocurrency trading?
Let’s analyze why new crypto traders lose money:
Why 80% Of New Crypto Traders FAIL
The problem is not that you don’t know chart patterns, you’ve studied many of them.
The problem is not that you are not paying attention to the markets – you are watching the markets on your phone throughout the day (and night)
The problem is you did not have a specific plan in advance for what to do in this trading situation!
When we put on a new trade and it does something unexpected, it’s a time of stress for us, isn’t it? And at that moment in time the fight or flight reflex kicks in, adrenaline is released and the neocortex of the brain puts our strongest habit into action.
Why is crypto trading so hard?
This is why I recommend that you focus on just one trading strategy, because if we have not learned trading rules and risk control rules and then practice them, if we do not ‘drill for skill’ by repeating this trading strategy over and over until it become a belief that becomes a habit, we’re simple not going to use our trading rules correctly at the right time.
We are going to look back after our trade is closed, and will say ‘oh, if only I had done that, what a difference it would have made…’
You see, in trading, it’s not what you know that counts, it’s what you do as a habit.
Often it is of no value to you, just to know about several different trading patterns, indicators and risk control strategies.
Your key to success in trading, is to follow your trading rules spontaneously – as a habit – when you are managing your positions. So start with laser focus on one strategy and get really good at it before adding more skills to your trading toolbox.
I want to share a simple plan to become a Millionaire. It is one of the most important financial concepts I’ve ever learned. I wish I would have thought about this more and ‘drilled for skill’ to make this knowledge into a belief and a habit when I was younger – as it would have led to my financial success more quickly.
How Anyone Can Become A Millionaire
It is a very simple plan on how to become a millionaire.
It applies to Fiat money, and in another post I show you the math and how to make plans to become a crypto millionaire– you’ll soon see that the simple principles below can be even MORE powerful when applied to cryptocurrency altseasons!
Bob Proctor and John Kanary taught a series of fantastic ‘Born Rich’ seminars back in the early 1980’s. Yes, more than 25 years ago… it is so powerful you would think that everyone would know about it these days…
One segment of this seminar on building prosperity, wealth and success, detailed the simple formula for becoming a millionaire with a plan that anyone could achieve. This segment of their seminar really struck me. It was a profound truth that I had neglected for decades.
I listened to this segment many, many times. I wrote it out. I practiced reading it aloud. I created free webinars about it and I’ve included it in this book so I can teach other people – as a way of repeating it in my own mind with as much emotion and conviction as I can muster. Since that time I have been implementing this strategy – and the results are predictable, in a word… fantastic!
(And after I share Bob’s method – I’ll demonstrate how cryptocurrencies now provide even better results than Bob could have imagined back in 1982!)
I paraphrase Bob as he commented…
“Would you agree that you blow, waist or spend twenty bucks each week on things that you could do without?” Bob asked.
Imagine a different habit with me. Imagine yourself folding up a twenty dollar bill at the end of the week and putting it into a simple wooden box. Now, imagine yourself folding up another twenty dollar bill at the end of the next week. See yourself placing it into the savings box with the first. Each week, imagine placing another folded bill into the box. Each week you see your growing assets. Imagine the feeling of accomplishment you would have when you open the box and see a stack of eight twenty dollar bills – and you fold up another to add to the box. As the weeks turn into months, and the months turn into seasons, each week, you set aside another $20.
Over a time of 50 weeks you have now saved $1,000 – and you have also created two very important habits.
You have created the habit of watching your money grow – and you have also created the habit of protecting that money from all the desires, events and opportunities that you faced from day to day throughout that entire year. Just imagine the accomplishment you now feel as you view that stack of money! As a matter of fact – the feeling of accomplishment has now become a habit for you, and you are building a deeper belief in yourself, wouldn’t you agree?
Habits are hard to break, isn’t that right?
Now, think about this – imagine you established this habit in your youth, and repeated this simple plan through all of your working years, lets say from 20 years old until you were 60. At $1000 per year over 40 years, you would have saved $40,000. Correct?
However – this could have been worth more than one million dollars with ONE simple ingredient… one simple strategy that requires no more time and no additional effort! This one strategy, a simple bit of knowledge – could have made this $40k into more than a million dollars!! What is this magic strategy that can have such a profound effect on your wealth and comfort?
The Magic Strategy That Transforms Money
The magic strategy is earning interest. Earning Interest? How can such a small thing make that magic difference, you might ask?
Earning interest, and putting that interest to work to earn more interest – can have a dramatic effect on the success of our simple $20 per week savings plan! Let’s imagine that, instead of folding up your $20 bill and placing it in a wooden box with the others – imagine that you put that $20 to work on your behalf.
If this money was to be , instead of the $40,000 you saved –
invested and grow at a rate of 10% per year, you would have a total of $482,000
If it was invested and grown at a rate of 12% per year you would have $840,000
Invested at a rate of 14% per year, compounded monthly, you would have $1,490,000!
And all you ever need, to ensure a comfortable retirement with more than a million dollars in the bank, is to know about the life-changing power of this little $20 per week plan, along with the magic of compound interest.
Anyone can do this.
Bob Proctor was teaching this in 1982 – but 25 years later – WHY IS IT that less than 20% of our population retire wealthy??
You may point out that bank interest rates are less than 3% per year on the very best savings account – and many savings accounts do not provide any interest at all…
Well, later on – I’m going to show you a way that you can start with a micro-investment and start earning profits from the trends in cryptocurrency prices.
But I’m getting ahead of myself. We are going to get into the Bitcoin earning information right away, and then I’m going to show you how to start earning interest on your micro-investment… But before we do – reflect for a moment – on your current habits with money.
Three Categories Of People, And Their Money
Bob Proctor points out the following simple truth: People fall into three categories when it comes to money:
1. Their monthly budget is slightly negative and they are spending a little more money every month then they are earning
2. Their monthly budget matches their income and they have no money at the end of the month.
3. Their monthly living cost is less than their revenue, they put away regular savings.
If you were to guess – what percentage of the population do you feel would fall into each of these three categories?
Recently a top respected Canadian newspaper, Global News, quotes that “Canadians are dreaming of retirement but they are not actually saving for it” and they point out the following facts:
According to Statistics Canada, in 2012 just 23.7 per cent of Canadian tax-filers contributed to a tax-sheltered Retirement Savings Plan.
From that, we can infer that 75% of Canadian fall into Bob Proctor’s first two categories – and it may be the same in other countries as well.
Does Money Solve Money Problems?
What if you gave more money to a person who has a habit of spending more each month than they have? What if you gave more money to a person who has the habit of spending all the money they have? Do you think more money solve their money problems?
What about the example of people who have won the lottery, and within a few years they are in far worse financial shape than they were before they won the lottery?
The truth is, more money just magnifies the habits that you already have with money.
More money highlights the tragic flaws we have with money, or the virtues we have learned and nurtured about money.
If we trace back where your relationship with money began, it follows that the habits you have are a result of the actions you took. Your beliefs determine your actions, and your beliefs were generated when you learned something. If we learn something, the new knowledge may not become a belief that changes your actions. Just because we ‘know’ we should do something, doesn’t mean we will do it. There is a space between knowledge and action.
So the big goal is not to make more money to solve your money problems, because more money will just fall under the same routine and habits that you already have with money. More money doesn’t solve money problems.
It is kind of a paradox until you change the way you think and feel about money.
Throughout the rest of this video series, starting with goal setting for our micro-investing with Bitcoin and cryptocurrencies, you are going to learn the specific steps to make money work for you – but more than that… the feeling of accomplishment that you experience when you make money work for you, will completely change your belief about your future wealth.
What you might expect from a video guild Guide To Cryptocurrency Trading, is advice that you should check the fibonacci levels, you should study Elliott Wave principles, you should learn to read candlesticks, look for ascending wedge triangles, bull flags, pennants, and the list goes on…
I find many of those trading guides helpful, but they don’t often provide a complete and practical system that follows a trading situation from start to finish – PLUS those extra details you need to become a consistently profitable trader in the long term.
Before we get into technical analysis and the details of trading this plan, the first set of videos uncover our relationship with money and how to use the laws of money to set the stage for trading success.
The second series of videos include our trading plan, the entries and the exits. In addition to The Five Stages of a Trade.
The final set of videos include case studies for tackling specific trading difficulties.
Would you agree that every crypto trader uses technical analysis to help them make money?
If that is the case it stands to reason that technical analysis is a skill where we should develop PILOT LEVEL expertise, isn’t that right?
I wouldn’t recommend learning to be a pilot though a video series, but I CAN show you a complete and practical approach to trading bitcoin, cryptocurrencies and any other market!
If you are saving and investing in crypto already, you are at the front of the line for achieving financial success
Remember: in life you can earn a little, or you can earn a lot, it is largely up to you.
No one is smarter than you and no one is better than you. If someone is doing better than you with money, it’s because they know something – that you can learn, model, drill for skill.
Your past performance is no indicator of future potential. You owe it to yourself to learn how to be one of the highest earning, most successful people trading these markets.
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My Short Story
Some of you are new to DigitalCurrencyTraders.com and this is the first time you’ve come to know about us, but you may know that I took my first course on Commodities Futures Trading back in March of 1995.
And I started YouTube videos and workshops October of 2009 – as I practiced trading the 1-2-3 pattern on the price of items bought and sold within the online multiplayer game of Runescape!
It wasn’t until 2015 that I ‘discovered’ bitcoin. I started the bitcoin trading video journal and blogged about my progress and difficulties as I traded cryptos for profit.
Over the years, I’ve created well over 1000 trading journal videos! I was completely determined to document my plans and then look back and learn from my mistakes.
My Guide To Cryptocurrency Trading
As a result of sharing my video journal online, I’ve had the honor of answering thousands of questions which helped me to clarify every stage of my trading plan.
I am very humbled by the fact that 1000’s of students from over 70 different countries around the world have registered for my courses! That is just amazing to me and I could not be more grateful for having all of you aboard!
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Originally created as a written trading plan for my own use, what follows is a formula of how I actually changed the way I was thinking and feeling about money and then how I earned micro-bits of digital currencies and invested them for fantastic profit.
The lessons are presented in the order that I would have my younger self learn – rather than the hit-and-miss journey of trial and error that I actually took over the decades.
The tutorial series is not intended to cover all areas of education about cryptocurrencies, nor is it a complete manual for trading and investing. I am not a financial advisor. The purpose of this video series is to share my written trading plan in a tutorial format that may help shorten your journey to financial success and financial freedom!
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I believe all trading skills, indeed, all skills with money are learnable.
Once you learn a specific trading strategy, I recommend that you use it over and over again to ‘drill for skill’. Bring up historical charts and do back testing. And each time you study, repeat and practice, you get better at waiting for the high probability setups, and you begin to consistently achieve results at just the right time.
I’ve never been more excited about the potential for new cryptocurrency investors!
My angle with bitcoin and crypto is not so much in the amazing technology and how that may disrupt business in every sector, I’m sure it will – but I am much more excited about how these new easy-to-access micro-investing opportunities in cryptocurrency can help anyone start from nothing, earn money and grow it.
We now have access to more powerful financial tools than any generation in history.
I hope this video series leaves you with the sense that YOU CAN DO THIS!
You CAN follow these simple rules. You CAN experience more consistent profits and success – as I have… even if you have failed in the past.
Thank you for joining me on this journey. We have more than 50 videos in the planning, and your questions have already grown our list!
Please leave your requests in the comments below any of the videos in this series!
Let’s get started with the essentials you need to know to build serious wealth in micro-steps.
You’ll learn new ideas that may change your actions which can lead to dramatically different results, as you will discover!
Get out your ‘Money Pen’ and your Trading Plan notebook. I have an exercise for you that I want you to take action on and I want you to follow through and do it.
Don’t just think about this and agree with it… I want you to actually take the action.
Taking action will show your subconscious that this new knowledge is already becoming a belief, and you are now making that knowledge into a habit.
I want you to write this down and have this answer for reference later, so that you can see if your answer changes over time.
My question is:
What would you do if all of a sudden you had some ‘extra money’?
Write down what you would do if all of a sudden some extra money came your way. Let’s not make it into a big lottery winning or something… imagine something realistic for you.
What would happen if you had ‘a little extra money’?
Write down your answer what you would do.
What would happen if you all of a sudden got ‘a lot of extra money’?
Again, write down your answer. What would you do?
Use your ‘Money Pen’, and physically write down your answers in your ‘Trading Plan Booklet’ you’ll want to review your answers in a few months or maybe a few years.
Keep a Trading Journal
There is no right or wrong answer, it is the action of starting to create a success journal so you can speed up how fast you improve your financial success!
Start the habit of writing your own trading journal. Write down your answers.
All successful traders keep a journal, for the same reason that all successful athletes keep a training log. It helps focus your mind back onto the next step in your long term goals.
We’ll talk more about how a trading journal can help you correct your errors to reduce your losses and how your trading journal will help you reinforce correct thinking and increase your profits! Your trading journal is really powerful. So start the habit now.
The Laws of Money
The earth and the cosmos works on exact principles.
The effects of gravity are so stable that we can land a satellite on an asteroid that’s going around the Sun.
We can do incredible things with science because the laws of nature are that precise.
And the laws of money are that precise and reliable too.
This video series will place some of that precise knowledge into your hands.
You will begin creating new beliefs, which will change your habits – and in time, change your results. Because the laws of nature are that precise.
How We Think About Money
It’s important to consider how you think and feel about money. Fact is, you have already been interacting with money your entire life – as a child, you were taught habits with money by watching others, and as an adult you now have your own experiences with money.
Unfortunately, many of us only learned our financial habits from the slick sales ads from banks and credit companies, who profit from selling us into debt!!
Starting today, I ask you to review and become aware of how you feel about money.
Be open and honest about what your habits are with money – so that you can reject the propaganda of the legacy banking systems, and finally start modeling the good thinking and good feeling habits that wealthy crypto investors already use… and which I will reveal to you.
The first focus is to show you how simple this is. and that anyone can do it.
You will soon discover this key: that money works for you – and not the other way around. You will discover how to change this new knowledge into an emotional, deep-in-your-gut belief. ‘Money works for me’. When you are in firm possession of this key, it will inspire action. Action that you can ‘drill for skill’ until it becomes a habit that is as familiar as tying your shoelaces.
And – you also discover why most people FAIL – and how to avoid the most common pitfalls.
How to Make Money
Later in this video series, I’m going to give you some knowledge about how to make your money work for you and have it make more money for you. We also review exactly how to make this knowledge into a belief that changes your actions. Change your actions and you can expect to change what you get as results. Changing your knowledge may not change your actions… so we need to know how to change our beliefs.
I’m going to show you exactly the specific steps of how I changed beliefs that were holding abundance away from me!
By repeating these principles over and over again, you can develop everything you need to make money, keep it, and make your money work for you! As you repeat small success after small success, you will feel excitement and enthusiasm – emotions that help to rewire the way your subconscious thinks and feels about money!
You are going to embed in your mind the mantra: ‘Money Works For Me.’
Repeat that three times in your mind: ‘Money Works For Me.’
You are going to prove it. You will experience the satisfaction – and the benefits. You will be happy to repeat the success until it becomes a habit that is automatic.
So here’s what I invite you to do…
As you go through my personal philosophy of financial success – I want you to think about how this applies to your specific situation – because not too long ago I was very much where you might be right now… I was struggling to pay bills. I was angry and resentful about money. I was passive-aggressive about budgeting, and as a result I had very little money.
For me, trading bitcoin on a well known exchange was like video game points. It was separate money from my bank account that had a very different emotion connected with it. I could leave it without spending it and instead I began to practice making it grow and grow… this is the very process I used to start fast – and I’ve never looked back!
Knowledge vs Belief About Money
Let’s begin with a review of how you think about money, and what effect those thoughts might have on making money and growing that money into a fortune.
To begin with consider the difference between having ‘knowledge about something’ and having ‘a belief in something’.
Would you agree that difference might affect actions that you actually end up taking? And isn’t it true that your actions lead to the results that you end up getting?
I’m going to share knowledge with you and demonstrate specific examples that have changed my beliefs. These new beliefs changed the actions I take with money – which, step by step, has lead to dramatically different and better results for me!
And I think these beliefs can do the same for you.
Start Slow and Certain
We begin with the focus of providing you a sequence of sure and certain financial successes – that you can repeat, and repeat – to build the all prosperity you desire and deserve.
You will prove to your subconscious mind that ‘money works for you’.
You, and many others who watch this video series, are going to become financially independent – I predict crypto millionaires – with a deep reservoir of assets. And then you’re going to purchase many fantastic fun things for your life!
Putting this knowledge into action can change your beliefs about money – and change the way you interact with money in all areas of your life.
What is Risk Capital?
We are starting out our investing with Bitcoin and cryptocurrencies because we can start off with micro-amounts of ‘Risk Capital’ to begin investing and growing our money.
Starting with micro-investing with bitcoin allows us to skip some of the steps that investors had to go through in the past. We no longer need to set up an account with a brokerage firm and deposit thousands of dollars to place our orders while paying high commission fees in order to start investing.
Risk Capital is money that you could lose and it would have no effect on your assets, it would have no effect on your savings, and it would have no effect on your monthly bills and expenses. Risk Capital is truly ‘extra money’.
The Risk Capital Hierarchy
Ideally, if someone taught you about money when you were young, you would already have the ongoing habit of saving part of your earnings. When the savings accumulated enough, you would purchase assets. Your assets would produce revenue – which could be used as Risk Capital in speculative investing.
If you are like me when I was beginning, you have a poor relationship with money and have no savings.
You must start out finding ways to earn free Bitcoin. And while Bitcoin is money… it’s kind of separate from our regular living and job earnings with FIAT currency. So the little amounts of digital currency can be lost without risking your rent or mortgage payment, or your groceries…
Because these micro-bits of money can be lost without any consequence to you – that fits the definition of ‘Risk Capital’, no matter how small you are starting out. For me, this is the ‘killer app’ that Bitcoin represents – the possibility for anyone to start of from nothing and begin micro-investing to establish new habits and new thinking about money.
You are at an advantage to learn these financial strategies with cryptocurrencies because ‘Risk Capital’ has different emotional feeling connected to it, than does your survival money.
Speculating and Investing vs Gambling
It is important to make a distinction between speculating and gambling. Our focus is to stay away from the gambling mindset. I’ll explain more about that later – but this course starts off with the long term, careful and considered mindset of an investor.
Remember the chant ‘Money works for me’, and not ‘I’ll be lucky with money’.
All of us are emotionally connected to money because it is part of survival, security, comfort and freedom. When you have lots of money everything’s a lot easier – when you don’t have money… not only are circumstances more difficult, but you may begin to doubt yourself.
I know. I’ve been there. I’ve had a long years of financial struggle. At the base of it, I put this book together as my own University. I compiled the best lessons I learned and created my own universe(ity) so that I become more successful with money, and so I would become a better trader and earn profits consistently – as fast as possible.
Many trading gurus focus on the technical parts of trading and skip over the personal motivations that give us the power to overcome difficulty and keep going when success is not immediately evident. In order to make ‘successful trading’ a long-term habit, you must have a personal connection with your deepest motivations.
Thank you for joining me on this journey on understanding how The Laws of Money Apply To Crypto. We have more than 50 videos in the planning, and your questions have already grown our list! Please leave your requests in the comments below any of the videos in this series!
Thanks again, be sure to hit the Thumbs Up and subscribe and hit the notification Bell icon so that you receive notice when the next video in the series is published. Sign up on our website to receive the video sequence for free and to learn about our premium services.
