EPISODE · Jul 30, 2024 · 47 MIN
How to Make Money Trading, NFT Projects, and Gold
from JROD POD · host Johnny Rodriguez
We had on Paul Wiedmaier on the show to talk about how to make money! Paul is a very smart engineer but has found a passion in futures trading and is doing well because of it! We talk Futures Trading, Psychology of different types of traders, NFT Projects and the Importance of Community. ___ 00:00 - Introduction 01:50 - Understanding Different Trading Strategies: Day Trading, Scalping, and Swing Trading 02:49 - Psychology of a Trader 04:10 - The Challenges and Risks of Investing into NFT Projects 05:50 - Why Trade Futures? 06:50 - NFT Collection "Crypto DickButts" 08:20 - My experience with an NFT Project called Alien Frens 10:22 - The Importance of Communities 22:33 - What is Futures Trading and What is Your Trading Psychology? 24:22 - The Advantages of Futures Trading Over Options Trading 25:40 - IMPORTANT: Understanding Risk Management 29:02 - Analyzing the Market and Riding the Wave 30:00 - Using Prop Firms and Funding Personal Trading Accounts 37:52 - The Impact of Leadership and Geopolitics on the Market 39:17 - The Economy, Inflation, and the Need for a Restart 46:46 - The Potential Impact of Different Presidencies on Wars _____
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How to Make Money Trading, NFT Projects, and Gold
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