I’m a big believer in NFTs. I think they’re the future.
And if you’ve been following this newsletter for a while, you know my goal for 2022 is to learn more about cryptocurrencies and NFTs. (I think NFTs could be one of the hottest sectors this year.)
And a few weeks ago — before oil and gas stocks sparked stocks — I spent a quiet market day studying this niche…
And I definitely see trade opportunities. Some of the biggest companies in the world are getting in on the NFT boom. Celebrities too! Sadly, most people will miss out on the hottest action…
They don’t understand what NFTs are or how to trade them. I broke down NFT basics here in my February 18 issue. Today, I’m digging deeper into the NFT space.
I’ll show you how they’re similar to penny stocks and how to spot the best opportunities.
Plus, find out how you can learn more about trading this niche, and get your hands on one of Tim Sykes’ own NFTs — for no cost!
Learn how to trade NFTs from a seven-figure trader — sign up for his special event here!
Table of Contents
How to Trade NFTs
Like the stock market, NFTs have their own marketplaces where users can buy and sell NFTs and collections.
But before you jump in, here are three important things to look for to find the best NFT opportunities…
Trends and Themes
NFT trends and themes are like hot sectors in penny stocks. They can create great trading opportunities because traders are excited about them.
Trending NFTs are in demand. That means they’re more liquid and easier to sell quickly (just like penny stocks).
And when an NFT or collection is trending, other similar collections can pop up and create…
NFT Sympathy Plays
When there’s a hot NFT collection, the price can jump FAST. That can price a lot of people out of the market.
Look at the Doodles NFT collection as an example. These sell anywhere from $39,750 to $60,000 and up! Not too many people can afford those prices.
So a founder created a similar collection — Squiggles. They look similar to Doodles but sell for around $1,400–$2,000. That’s more reasonable for everyday folks…
And if you can find — or create — an NFT derivative project when a large name catches momentum, you can take advantage of the hype.
But in these unregulated markets, you MUST be careful. Watch out for scams and sketchy activities like…
Promotions don’t just happen in penny stock land. But you should know that NFT promotions might look a little different…
With penny stocks, chat rooms, promoters, or BS press releases pump stocks … But with NFTs, social media influencers are typically behind the pumps.
So, just like with penny stocks — know what you own.
Stick to your rules and plans. If you buy an NFT for $500 to flip it quickly, don’t change your plan and become a believer when the price goes up.
If demand drops and the price collapses, you could get stuck with it.
And don’t let a loss destroy you. Whether you stick to penny stocks or trade NFTs — never risk more capital than you can afford to lose.
Want to Learn More About Trading NFTs?
Once you dig deep into NFTs, it’s like a whole new world…
These are just some of the basics of what to look for in NFTs from my own research.
It might seem like a stretch to go from trading penny stocks to NFTs. But as I outlined above, there are many similarities between the two. It may not be as hard as you think.
In fact, one of Tim Sykes’ students, Adam Jarrett, recently took the leap…
Adam made over $130,000 trading penny stocks. That’s nothing to balk at! But once he shifted to trading NFTs … well, I want you to see this for yourself. It’s INCREDIBLE…
He’s sitting down with Sykes to share his 3-step system…
Don’t miss this event and your chance to score one of Sykes’ own limited-edition NFTs for FREE!
See you back here tomorrow.
Lead Trainer, StocksToTrade