Let’s think about the worst-case scenario for a minute

To view this email as a web page, go here.

The One Setup Traders Need in a Crash

There’s one trade I cannot wait to trade again in the next big market reversal. After all, in the crash of 2020, this setup became my biggest trade ever. Yesterday, I taught traders all about it…

Watch a replay here

Today I want to think about the worst-case scenario as we play a little game of “what if.”

The goal here isn’t to scare anyone, because I’ll be very honest off the top: this probably isn’t going to happen.

But if you’re serious about managing your wealth intelligently, you have to have contingency plans for every scenario, even the worst-case scenario.

And that includes the possibility of the total collapse of the dollar.

This idea started running around my brain after I read this article, with snippets from One River Asset Management CIO Eric Peters.

He speculated: “Perhaps this will be how our story ends. A run on the dollar takes hold, the world’s reserve currency collapses. It’s the explosive ending central bankers can’t imagine.”

Well, I don’t think a total, permanent collapse is really all that likely. But after the break, let’s talk a bit about what we’d do if the dollar collapsed.

If the dollar collapsed, we’d be surrounded by panicking people.

And panicking people, as cruel as it sounds to say it, are an opportunity.

Remember, I had my best month ever when the markets shot lower in March 2020.

There are mechanisms in the market that are designed to help us capitalize on volatility.

Of course, when we trade the market, we’re still getting dollars back. So another option would be cryptocurrency.

Cryptocurrency was designed specifically to minimize the total control over the global financial situation that central banks tend to have.

If central bank policy destroys the world reserve currency, crypto will be there to shoulder a lot of the load.

There are two things that are certain about any potential financial collapse: there will be some form of currency, whatever it is, and there will always be people who take advantage and still build wealth.

And I believe if it happened, we’d be ready.

As I’ve said, I don’t think it’s likely to happen. But we should always be prepared (I’m a scout! I can’t help it!)

Hope you’re not too freaked out,

_{Daily Profit Publishing and Jeffry Turnmire do not provide investment advice. Trading involves a substantial risk of loss and is not suitable for all investors. Many traders fail and you should not trade with money you cannot afford to lose. If you need personal financial advice, consult a financial advisor.}

_{We are not licensed to provide you personalized investment advice. Nothing in these communications should be construed as personal investment or financial advice.}

This email was sent to: penunggangbadai.moneyblog@blogger.com

This email was sent by: InvestPub
495 Town Plaza Avenue Ponte Vedra Beach, FL 32081 US

We respect your right to privacy - view our policy

Let’s think about the worst-case scenario for a minute

0 Response to "Let’s think about the worst-case scenario for a minute"

Post a Comment

Populer Post

Arsip Blog

Let’s think about the worst-case scenario for a minute

Related Posts :

0 Response to "Let’s think about the worst-case scenario for a minute"

Post a Comment