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  1. phil

    Good morning!  

    I'll be in NYC tomorrow to do the Nasdaq TV spot in the morning. 

    This is a very good article on Market Psychology and Bitcoin – also an interesting newsletter in general:

    Bitcoin, Cryptocurrency, and the Greatest Bubble in History

    PSW Investments has 2 Bitcoins left from 4 we bought 2 years ago at $2,400 TOTAL.  Our stop is $10,000 each now.  We used the other 2 to buy 150,000,000 GreenCoins, which are currently worth $49,350 at 0.000329, so we've done more than twice as well with the GreenCoins – though they are less liquid at the moment.  

    Our goal is to foster more interest in GreenCoin and we're beginning that by accepting them for 2018  Annual Memberships during the month of December.  The idea is to encourage people to go through the process of getting GreenCoins (a bit of a pain) and then transferring them from your wallet to ours.

    As an incentive, we are GUARANTEEING a conversion rate of 0.00044, which is still 33% higher than the current buy and more than twice as much as the week's lows so a 33-50% discount off the regular Annual Membership prices for people who are willing to learn how to work with cyrptocurrencies – which is a good thing to know how to do these days.

    At $329 per 1M GreenCoins – they also can make nice, environmentally-friendly Christmas gifts.

    For those of you who are interested, the official ROUNDED COST (which we will accept), in GreenCoins, of each Membership Level is:

    • PSW Report @ $995/year = 2,260,000 GreenCoins 
    • Top Trade Alerts @ $1,495/year = 3,400,000 GreenCoins 
    • Trend Watcher Membership @ $2,499/year = 5,680,000 GreenCoins 
    • Basic Live Chat Membership @ $4,995/year = 11,350,000 GreenCoins 
    • Premium Membership @ $9,995/year =  22,700,000 GreenCoins 

    To pay, you can simply send an EMail to Greg (admin@) and set up the payment in GreenCoins via wallet transfer (see how cool it will be when you can tell people you know how to do that!).

    Keep in mind, it does not make sense to pay more than 0.0004 (not even 0.00044) for the GreenCoins because, by the time you transfer them and such, there will be no profit.  At the time we first discussed this last week (in our Live Chat Room), the coins were 0.00022 and the low of the week since then was 0.00018 but, for the MONTH, the high was over 0.0045 – 10 times more than we are accepting them for.

    That's our motivation – it's no secret.  We are saving Greg the trouble of tediously bidding on GreenCoins we're looking to accumulate at the lows (it took us months to get to 150M at the time) and helping you learn this valuable skill but, behind it all is the possibility that we can make 10x or more on the money down the road.  

    There are layers and layers to this project as it is our intention, in 2018, to see if we can generate wider interest for GreenCoins and, hopefully, push them up to as much as a penny over time – where we will certainly sell at least 1/3 of our holding for what should be $1M by then.  

    It's very, Very, VERY possible this will fail and we'll be lucky just to recover our investment – but it's not a huge gamble with a very huge potential pay-off.  

    Step one is accepting the GreenCoins and generating some volume on the exchanges (GreenCoin is currently barely in the Top 100 at 95 but was near the bottom when we began buying them 2 years ago) and step two will be discussing our project and step 3 will be to wrangle other vendors into accepting GreenCoins and the reason I like GreenCoins in the first place is that, for each GreenCoin mined, one GreenCoin is also created and used to reward people who generate carbon credits.  

    Over time, we hope to put a bit of effort into creating a solid, verifiable chain that directly ties the credits to the coins, which will then make it very marketable to companies who want to do a bit to help the environment.  

    Keep in mind this is all an experiment and it's possible, down the road, that we may take our GreenCoin lessons and start a new currency with tighter controls (what they call an ICO) but, for now, we'll see if the whole CryptoCurrency fad lasts another year while we gain experience with one that's already gone through all the struggles of creation for us.

    The dream is, of course, we get someone like WFM, SFM, TSLA or SCTY to buy into our concept and accept GreenCoins as a sort of coupon deal (maybe let you buy coupons with your GreenCoins, much like we're doing with the Memberships).  That would send volume through the roof and really move to legitimize the currency.

    Currently, the best place to trade GreenCoin is www.CoinExchange.io (another project is getting it traded on Bittrex, the top coin site) and the link for GRE is https://www.coinexchange.io/market/GRE/BTC – it's a bit confusing because everything is priced in BitCoins but generally they are trading at 0.00000002 BitCoins and, if a BitCoin is $10,500, that's 0.00021, which is half of what we're willing to exchange them for as Annual Membership Payments (no other discounts apply, of course). 

    Also, and this is above my level of coin knowledge, it is possible to MINE GreenCoins and then it's even cheaper (in theory), but don't even ask me how that works. 

    Here's a nice video explaining GreenCoin by a fan (take predictions with a grain of salt!):

    They are currently rebuilding the GreenCoin site to make it user-freindly.  2018 is going to be interesting!  





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Kimble Charting Solutions

Tech index facing must hold support test!

Courtesy of Chris Kimble.

CLICK ON CHART TO ENLARGE

This chart looks at the Nasdaq Composite Index over the past 22-years on a monthly basis. The chart highlights that the index has spent the majority of the past 18-years inside of rising channel (1).

The rally off the 2009 lows hit the top of the channel a couple of months ago at (2), where it looks to have created a bearish hanging man pattern as it kissed the underside of the rising channel...



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Previous Post Kitchin Cycle warned of market volatility

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Members' Corner

NY Times: OPERATION INFEKTION

 

This is a three-part Opinion Video Series from NY Times about Russia’s meddling in the United States’ elections as part of its "decades-long campaign to tear the West apart." This is not fake news. Read more about the series here.

OPERATION INFEKTION

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Bitcoin's high energy consumption is a concern - but it may be a price worth paying

 

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Bitcoin recently turned ten years old. In that time, it has proved revolutionary because it ignores the need for modern money’s institutions to verify payments. Instead, Bitcoin relies on cryptographic techniques to prove identity and authenticity.

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Ever since the financial crisis, there has been a huge fascination with predictions of the next “big crash” right around the next corner. Whether it is Greece, Italy, Chinese debt, the “overvalued” stock market, the Shiller Ratio, Puerto Rico, underfunded pensions in Illinois and New Jersey, the Fed (both for QE a few years ago and now for removing QE), rising interest rates, Federal budget deficits, peaking profit margins, etc...



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Gene-editing technique CRISPR identifies dangerous breast cancer mutations

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Gene-editing technique CRISPR identifies dangerous breast cancer mutations

Breast cancer type 1 (BRCA1) is a human tumor suppressor gene, found in all humans. Its protein, also called by the synonym BRCA1, is responsible for repairing DNA. ibreakstock/Shutterstock.com

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Mistakes were Made. (And, Yes, by Me.)

Via Jean-Luc:

Famed investor reflecting on his mistakes:

Mistakes were Made. (And, Yes, by Me.)

One that stands out for me:

Instead of focusing on how value factors in general did in identifying attractive stocks, I rushed to proclaim price-to-sales the winner. That was, until it wasn’t. I guess there’s a reason for the proclamation “The king is dead, long live the king” when a monarchy changes hands. As we continued to update the book, price-to-sales was no longer the “best” single value factor, replaced by others, depending upon the time frames examined. I had also become a lot more sophisticated in my analysis—thanks to criticism of my earlier work—and realized that everything, including factors, moves in and out of favor, depending upon the market environment. I also realized...



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Reminder: OpTrader is available to chat with Members, comments are found below each post.

 

This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current  trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options. 

Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.

To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here ...



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Free eBook - "My Top Strategies for 2017"

 

 

Here's a free ebook for you to check out! 

Phil has a chapter in a newly-released eBook that we think you’ll enjoy.

In My Top Strategies for 2017, Phil's chapter is Secret Santa’s Inflation Hedges for 2017.

This chapter isn’t about risk or leverage. Phil present a few smart, practical ideas you can use as a hedge against inflation as well as hedging strategies designed to assist you in staying ahead of the markets.

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All About Trends

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Click here for the full report.




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About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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Ilene is editor and affiliate program coordinator for PSW. She manages the site market shadows, archives, more. Contact Ilene to learn about our affiliate and content sharing programs.

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