How to Win More Money Than You Ever Could in Vegas

Two weeks ago, I had the pleasure to introduce chart-based trading of cannabis-related stocks to the attendees of the National Institute for Cannabis Investors Retreat. In this hot new sector, the profit opportunities are as large as cannabis stocks are volatile, so the presentation was very well attended.

And as we were in Las Vegas, the conversation naturally turned to gambling. Some people asked whether the kind of speculation us traders do when we make a trade is the same as the gambling going on in the casinos on the Strip.

Let me tell you, the difference couldn’t be greater.

Gambling is all about luck – hoping you overcome odds stacked against you to make a big score.

Speculation, on the other hand, is not. It is designed to systematically control risk and buy at advantageous prices to make money over many trials or trades/investments.

Let me explain


Why the U.S. May Not Have the Upper Hand in Trade War Negotiations

Last week, the trade war between the U.S and China took a step in the right direction. As I predicted would be the case right here in 10-Minute Millionaire, a “mini-deal” was reached whereby the U.S. agreed to delay the next round of tariffs, and China agreed to purchase American agricultural products.

Despite President Trump tweeting about striking a deal with China on trade last Friday, markets opened lower on Monday.

After weeks of tit-for-tat threats and leaks on trade hanging over the market, you’d think a deal would be welcome on Wall Street, even if it didn’t take on all the issues.

Yes, China had taken President Trump’s two main issues, intellectual property and subsidies, off the table. And yes, the White House had leaked plans a couple of weeks ago to potentially force Chinese companies to delist from U.S. stock exchanges, sending them into a tailspin.

But still, the two sides agreed to take a step back from a full-blown trade war. They struck a deal whereby Trump postponed the tariff hike on Chinese goods that had been meant to go into effect on Tuesday.

In return, China agreed to buy between $40 billion and $50 billion of American agricultural products.

Markets opened lower Monday anyway, as traders and analysts worried if any deal would get done – fueled by China casting a less optimistic tone about “phase one” of the deal being complete.

Then Tuesday, the markets had a strong up day as optimism (and presidential tweets) fueled a broad China-friendly ride higher.

These “will the deal or wont the deal get done” uncertainties are becoming the new form of trade trouble headline risk that traders have to navigate.

Here’s how the China trade discussion is changing – and how you can profit