A Surefire Way to Multiply Crypto Profits – And Slash Risk
One way that people in traditional equities make money without actually owning stocks is to trade options. A lot of my buddies on Money Morning LIVE do it all the time - almost constantly, in fact.
You may not know that you can do this with crypto now, too. But you can.
Crypto options are an aggressive moneymaking strategy, for sure. You can risk a little to get a little, or a little more to get a lot, or you can stake a lot for a chance at a huge windfall-type win.
And as with traditional options, you don't necessarily need to own the crypto to trade, or you trade because you want to get your crypto at a much better price.
There are all kinds of moves you can make. My Digital Heavyweights subscribers and I make one of these trades every week. Our very first one was nice and conservative, a put trade, and it gave us the chance to pocket at least 800 bucks' worth of premium.
It's always nice when your trading strategy is decaf and your wins are dark-roast. That's the goal.
What you shouldn't do is approach it like gambling - people who do usually get wiped out. During the crypto bull run, I lost count of how many people leveraged up - 120X, in some crazy cases - only to be crushed by the smallest moves.
Always use small, sensible portions of your capital; don't invest anything you're not prepared to lose. Like crypto, the secret to success is balance.
Here's how you can get started...