How This Guy Traded $26 Into $2,700,000 (You Can, Too)

Summary

Kyle, once burdened with debt, turned $26 into 2.7 million using four simple trading rules. His strategy involves patience, risk management, and specific on-chain data analysis for optimal buy and sell timing. He emphasizes the importance of emotional control and offers insights on trading cryptocurrencies, including Bitcoin and emerging AI-related assets. His story, shared on the fova platform, inspires others to achieve financial success through disciplined trading.

Takeaways

• 😎 Kyle turned $26 into 2.7 million using four simple trading rules, demonstrating that anyone can achieve success with the right approach and patience.
• 📈 The script emphasizes the importance of patience in trading, warning against the pitfalls of trying to force opportunities that aren't there and the dangers of impatience.
• 💡 Kyle's strategy involves using two free tools daily: chain.exposed for on-chain and technical analysis, and TradingView for price action and chart structure.
• 📊 The first rule for buying involves waiting for the supply and profit or loss to indicate at least 50% of holders are at a loss, signaling market fear and a potential buying opportunity.
• 🟢 The second rule suggests buying when the relative unrealized profit is below zero, in the 'green opportunity zone,' indicating a state of capitulation among holders and miners.
• 📉 The third rule is to prepare to buy when both long-term and short-term holders are below the zero line on the NLE chart, showing a state of capitulation and a good time to enter the market.
• 💼 The fourth rule is to buy when the price hits the legacy support trend line, which has historically marked significant market bottoms and potential entry points for trades.
• 🚀 Kyle's approach to selling involves watching for signs of an overheated market, such as when short-term holders begin to profit significantly and the market shows signs of losing support.
• 🔄 He also discusses the importance of managing emotions in trading, as they can lead to hasty decisions and losses if not kept in check.
• 💡 Kyle advises starting with a small amount to train emotional responses to market movements and to scale up gradually as the account grows, which helps in managing risk and emotions.
• 💰 He suggests that with proper risk management, an average person can become a millionaire in approximately 300 trades, including losses, emphasizing the power of compounding and consistent strategy application.

Q & A

How did Kyle turn $26 into 2.7 million?

Kyle managed to turn $26 into 2.7 million by following four simple trading rules and using two free tools for trading analysis. He started with a small amount, which allowed him to grow his wealth significantly through trading.

What is the significance of the 'Supply and profit or loss' chart according to Kyle's strategy?

The 'Supply and profit or loss' chart is crucial in Kyle's strategy as it helps identify when there is significant fear in the market. Kyle looks for a point where at least 50% of the holders are at a loss, which he considers a good buying opportunity.

What are the two free tools Kyle uses for his trading?

Kyle uses chainexpose.com for on-chain and technical analysis metrics and TradingView for chart analysis. These tools provide him with the data needed to make informed trading decisions.

What is the 'opportunity Zone' in the relative unrealized profit chart?

The 'opportunity Zone' in the relative unrealized profit chart is a green box that indicates a state of capitulation where not just holders, but also miners are at a loss. Kyle considers this a signal to buy when the price is within this zone.

What is the role of the NLE (Net Unrealized Loss/Profit) chart in Kyle's trading strategy?

The NLE chart helps Kyle determine when both long-term and short-term holders are in a state of capitulation, indicated by being below the zero line on the chart. This is another signal for Kyle to prepare to buy.

What is the 'Legacy support' trend line in Kyle's fourth rule?

The 'Legacy support' trend line is a line on the Bitcoin chart that has been holding up Bitcoin since 2017. Kyle uses this line to determine a good entry point for buying when the market is in a state of capitulation.

How does Kyle manage risk in his trades?

Kyle manages risk by not using too much leverage, risking only 1% to gain 2%, and always having a stop loss set up to protect his wealth. He also uses limit orders to automatically exit trades at a profit.

What is the significance of the 'Golden accumulation' chart in Kyle's strategy?

The 'Golden accumulation' chart, or the 200 weekly EMA, provides a significant weighted level of support. Kyle considers a break of this line as one of the best times to buy Bitcoin.

How does Kyle approach trading with a small amount like $100?

Kyle recommends starting small to train emotions to handle larger account balances gradually. He emphasizes following a set of rules and not chasing after new indicators, which can lead to emotional trading.

What advice does Kyle give for someone considering quitting their job to trade full time?

Kyle advises having at least a six-month emergency fund to cover bills, as trades are the only source of income. This reduces stress and allows for calm trading.

What other cryptocurrencies is Kyle watching besides Bitcoin?

Kyle is watching larger market cap cryptocurrencies like Solana, Chainlink, and Ethereum, and for lower market cap assets, he is focusing on those related to artificial intelligence, as it is currently a hot sector.

Outlines

00:00

💰 Kyle's Million-Dollar Trading Journey

Kyle, a former call center worker, turned a mere $26 into an impressive $2.7 million by applying four simple trading rules. He emphasizes patience and the importance of waiting for the right opportunities rather than forcing trades. Kyle's success story, which includes buying a house and a studio, is portrayed as replicable, as he believes that if he could do it, anyone can. He also mentions a member who turned $250 into a million dollars in eight months by following his strategy. The video promises to reveal Kyle's trading rules, his daily tools, and his current focus on cryptocurrencies beyond Bitcoin.

05:00

📊 Key Principles and Tools for Trading Success

The paragraph outlines the fundamental principles that underpin Kyle's trading strategy. It highlights the importance of patience in waiting for the right trading opportunities and the necessity of having fixed guidelines to manage risk. Kyle uses two free tools daily: chain.expose.com for on-chain and technical analysis and TradingView for price action. He details his four trading rules, which include buying when 50% of the supply is at a loss, looking for the 'opportunity zone' on the relative unrealized profit chart, and preparing to sell when the price action indicates an overheated market. These rules are designed to capitalize on market fear and greed.

10:00

🤖 AI and Market Analysis in Cryptocurrency Trading

Kyle discusses his approach to trading cryptocurrencies, focusing on market sentiment and on-chain data. He uses the NUPAL chart to identify when both long-term and short-term holders are experiencing losses, signaling a potential buying opportunity. He also emphasizes the significance of the legacy support trend line and the 300-week EMA on TradingView for determining entry and exit points for trades. Kyle's strategy involves a combination of technical analysis and market sentiment, aiming to buy low during market capitulation and sell high during overheated markets.

15:01

🚀 Leveraging Inverse Perpetual Trades and Emotional Discipline

This section delves into the specifics of inverse perpetual trading, where Kyle leverages Bitcoin to predict futures. He warns of the rapid scaling of fees associated with such trades and the importance of having funds to cover them. Kyle's selling rules are the inverse of his buying rules, and he uses on-chain data to identify the right time to exit trades. He also discusses the Golden Accumulation chart and the 200-week EMA as indicators for potential buying opportunities. Kyle stresses the importance of patience and emotional management in trading, suggesting that most people could become millionaires with far fewer trades than they think, provided they follow a disciplined approach.

🛠️ Risk Management and Diversification Strategy

Kyle shares his insights on risk management, emphasizing the need to risk a small amount to gain more and to scale through compounding. He advises starting with a small amount to train emotional resilience and to stick to a set of trading rules. He also highlights the importance of backtesting trading strategies and having an emergency fund to alleviate stress during trades. Furthermore, Kyle discusses his interest in other cryptocurrencies, focusing on those with strong narratives, development plans, and marketing strategies, particularly highlighting AI as a hot sector in the current market cycle.

Keywords

💡Trading Rules

Trading rules refer to the guidelines or strategies that a trader follows to make decisions in the market. In the video, Kyle emphasizes the importance of having four simple trading rules that helped him turn $26 into 2.7 million. These rules are integral to the video's theme of achieving financial success through disciplined trading practices.

💡Risk Management

Risk management is the process of identifying, assessing, and prioritizing risks to minimize or avoid negative impacts. Kyle mentions the importance of risk management by suggesting not to use too much leverage and to risk only 1% to gain 2%. This concept is fundamental to the video's narrative, as it highlights the need for caution and strategy in trading to protect and grow wealth.

💡On-chain Analysis

On-chain analysis involves examining data recorded on a blockchain to derive insights about market behavior. Kyle uses on-chain analysis tools like chainexpose.com to predict market movements, focusing on specific graphs to gauge supply and profit/loss percentages. This technique is a key component of his trading strategy and is repeatedly mentioned throughout the video.

💡Technical Analysis

Technical analysis is a method used to forecast the direction of prices through the study of past market data, primarily price and volume. Kyle uses technical analysis on platforms like TradingView to identify trends and potential entry and exit points for trades. It is a central theme in the video, as it forms the basis of his trading decisions.

💡Leverage

Leverage in trading refers to the use of borrowed capital to increase the potential return of an investment. Kyle cautions against using too much leverage, as it can amplify both profits and losses. The concept of leverage is essential to understanding the video's message about balancing potential gains with the risks involved in trading.

💡Stop Loss

A stop loss is an order placed with a broker to sell a security when it reaches a certain price, aiming to limit an investor's loss on a position. Kyle describes stop loss as a budgeting tool, like 'paying for gas,' which is crucial for protecting wealth and allowing for growth. This concept is a recurring theme in the video, emphasizing the importance of setting limits to control potential losses.

💡Patience

Patience, in the context of the video, is the ability to wait without anxiety for a trade to become profitable according to the trading rules. Kyle stresses the importance of patience, stating that traders should wait for opportunities rather than forcing them. It is a key principle in his trading philosophy and is highlighted as a critical factor in his success story.

💡Market Sentiment

Market sentiment refers to the overall attitude or mood of investors toward a particular security or market. Kyle uses on-chain data to gauge market sentiment, looking for signs of fear and capitulation before making a buy decision. Understanding market sentiment is a significant aspect of the video's theme, as it influences when and how Kyle enters and exits trades.

💡Inverse Perpetual

An inverse perpetual contract is a type of derivative that allows traders to speculate on the future price movements of an asset without an expiration date. Kyle uses inverse perpetual trades, leveraging Bitcoin, to predict future prices. This concept is important in the video as it exemplifies the advanced trading strategies that can lead to significant profits.

💡Compounding

Compounding in trading means reinvesting profits to earn returns on returns, thereby increasing the overall investment growth. Kyle suggests scaling through compounding as the account grows, which is a key strategy for accumulating wealth over time. The concept of compounding is central to the video's message about growing wealth progressively through smart trading.

💡Market Cap

Market capitalization, or market cap, is the total market value of a company's outstanding shares or, in the context of cryptocurrencies, the total value of a cryptocurrency. Kyle differentiates between higher and lower market cap assets when choosing which cryptocurrencies to invest in, indicating a strategy that considers the size and potential of the market. This concept is used in the video to illustrate Kyle's approach to selecting investment opportunities.

Highlights

Kyle turned $26 into 2.7 million using four simple trading rules.

He left a job he hated and started trading to escape debt.

Kyle was scammed and started with only $27 to his name.

His trading success allowed him to buy a house and a studio.

One member started with $250 and turned it into a million dollars in 8 months.

Kyle emphasizes the importance of patience in trading.

He uses two free tools every day for trading: chain.exposed and TradingView.

Kyle's first rule is to buy when 50% of supply is at a loss.

He looks for the 'opportunity zone' on the relative unrealized profit chart for buying signals.

Kyle's third rule is to buy when long-term and average holders are in a state of capitulation.

His fourth rule involves buying when the price hits the Legacy support trend line.

Kyle warns about the risks of using leverage and the importance of risk management.

He suggests starting small to train emotions and gradually scale up.

Kyle recommends having a six-month emergency fund when trading is your only income.

He advises not to chase after new indicators and to backtest trading rules.

Kyle is watching four coins outside of Bitcoin, focusing on market narratives and technology.

He emphasizes the current hype around artificial intelligence in the lower market cap assets.

Kyle's strategy involves being in the trade for potentially over a year.

He discusses the importance of emotional regulation in trading success.

Kyle's story serves as an example of resilience and discipline in trading.

Transcripts

meet Kyle he turned $26 into 2.7 million

and he did it using four easy rules the

last bowl cycle was able to flip 15

grand into $300,000 then I uh went from

300,000 to 2.7 million the last trade

changed my life it allowed me to get a

house allowed me to get this crazy cool

Studio yeah it changed my life my story

is can be anybody's story cuz dude I'm

not really that special it is if I can

figure it out literally anyone can

figure it out I just hated my job enough

to start this that's all that really

took but what's amazing is he's helped

others do the same there's one member

that's basically start with $250 and in8

months turn that $250 into a million

dollars he posted his entire

multi-million dollar trade step by step

on fooa so members could copy his

results in real time here's why I

interviewed Kyle I wanted him to take me

through his insane story from the

beginning where he left this job that he

hated he had to get out of debt he then

got scammed leaving him with $27 to his

name and he took that tiny little $27

pocket change and turned it into

generational wealth I was working at a

call center when I quit my job debt

interest in combination to my bills was

actually outpacing what I made per month

so I needed to find a solution that was

scalable and I found that through

trading and I was able to grow my

account from $26 to over 2.7 million you

know what I'm going to take you through

my entire interview with Kyle where he

explains the four simple trading rules

that made him 2.7 million and how he

protects that money the two free tools

that he uses every single day the

warning signs that he follows to to buy

and sell how he would start again with

as little as a $100 and I asked him what

four coins he's watching right now

outside of Bitcoin so stick around for

those now this isn't financial advice

it's just a strategy used by an everyday

guy who has a crazy success story it's

up to you whether you want to take on

the risk and try this yourself it's just

a story that I felt the world needed to

hear the key principles as you'll see in

a second Kyle's strategy is extremely

simple but to pull it off you need to

lock down some key principles that will

keep you safe and the first one is so

crucial it's allowed him to time his

trades almost perfectly like

suspiciously well the problem with a lot

of Traders and investors is they're

impatient they want to get rich quick if

you are trying to force an opportunity

that isn't there you usually end up

being the liquidity that makes other

people money be as patient as you can

and wait for the rules to tell you want

to get out but of course Patience by

itself that's not enough Kyle also

needed some fixed guidelines for how to

approach risk that way he can prevent

himself from making huge mistakes

there's some things that everyone needs

to be aware of they also need to know

how to manage their risk no don't use

too much leverage use a safe amount of

funds always risk to lose 1% to gain two

always have your stop loss set up it's

the only thing protecting your wealth

and allow you to grow when it comes to

limit orders getting it set up so it

automatically exits the trade for you at

a profit what I'll do instead I'll

either set an alarm if it's during the

day when it's time to go to sleep I'll

set a limit order and then that way I'm

making income while I'm asleep I think

of stop- loss as budget everyone has to

drive to get to work and pay for gas and

when I lose a trade I'm just paying for

gas so I just paid for gas and the next

trade because of my risk award ratio is

always going to be worth more than the

loss that I just occurred so it allowed

me to scale and if you like Kyle's style

so far you're absolutely in luck because

you can actually follow his every move

in real time that's because Kyle is a

full-time Trader over on the fova

patreon this is a service where I give

access to all of my personal investments

in my entire portfolio I offer 50 plus

hours of training material and as you

can see I seek out the best Traders in

the world like Kyle to make this the

most profitable trading service in the

world here are some of his recent trades

that'll be linked below so as Kyle

traded he learned how to better allocate

his time and what he discovered

surprised him as it ran opposite to what

most new Traders were actually doing a

new person just getting into the market

learning how to trade they're probably

looking at the chart and probably

overtrading you know doing 10 20 trades

when they really only need to do one or

two to make the same amount of money I

can look at a chart in 15 minutes and

I'll know what I'm doing for the rest of

the day when I first started I was doing

it 10 hours a day when you know you just

got rule book and you just got to follow

the rule book and you just got to wait

for those rules to be met you can

literally set alarms on your chart to

tell you when to start looking at the

screen so you only to dedicate like 45

minutes a day but principles aren't

enough he also had rules based on solid

data here are the four simple rules that

made him $2.7 million his Rules start

with a tool called chain expose.com it's

a free tool that collects onchain and

technical analysis metrics to help

people predict the market but Kyle only

focuses on a few super specific graphs

this is like one of my favorite charts

it's Supply and profit and loss so you

can see when I move my cruiser here you

can see that um it's showing you based

on the current price where this black

line is what the supply is in percentage

of profit like how much of the supply is

in profit and how much of is in loss 67%

of people are in a profit and 32% were

in a loss obviously as the price goes

down the more people are in a loss and

less people are in profit you can help

use this as a tool that tell you like

when's the best time to buy and when's

the best time to get out and as we get

closer and closer to all-time highs it's

inevitable that like 100% of the supply

is going to be in a profit what I look

for and this it tells me like basically

how exhausted are we in the in the

market and it helps me call the tops a

lot better and it helps me call the

bottoms I usually want to see before I

decide to buy for a macro trade I want

to see like at least around 50% of

holders at a loss that helps me identify

like okay that we're in a state of

capitulation there's a lot of fear in

the market and everyone's heard like you

know buying into fear selling to Greed

it's basically this this shows you

exactly what's is going on in the

background for that so that's rule

number one prepare to buy when Supply

and profit or loss has 50% at loss he

uses that graph to give him cold hard

data I shouldn't make that hand movement

to give him cold hard data on how much

fear is in the market when that sinks

below 50% that's a good sign but it's

not the only sign and then when we go to

the relative unrealized profit chart

this one here there is a What's called

the opportunity Zone down here this

green box and when we're in this this is

another rule I want to see price inside

this green box this is when we're in a

state of capitulation not just holders

but also miners are at a loss there's a

lot of people are at a loss right here

when I see we're in the green box it's

time time to buy pretty simple um just

wait for this little line to get in here

that's one of the rules that needs to be

bet met for for a buy and it's just as

simple for when it's time to sell when

we see price action above uh 2.35 when

we're in this overheated Zone this is

one of the rules to pair to sell it's

very explanatory there's colors anyone

can look at this chart and figure out

what it means right but basically what's

happening in the background this is like

unrealized profits going on here and

when we're below zero a lot of there

aren't any unrealized profits there's

like a lot of unrealized losses this

cycle is going to be a little bit

different I'm anticipating like a 50%

correction rather than like an 80 or 90

because of U the ETFs they legally have

to hold it to sell it to their clients

and that will create a new base floor

for Bitcoin prepare to sell it

overheated prepare to buy at the

opportunity Zone and that's another easy

rule to follow and that's rule number

two prepare to buy when the relative

unrealized profit is below zero in the

green opportunity Zone the logic is that

when the price is in the green box it

means that a ton of people are at a loss

and it's time to buy but all of his

rules aren't met quite yet we also need

to look at the nle chart then we have

the nupal chart same kind of analytics

when we're below the zero line You'll

see that there's a bunch of little lines

here the black one represents the price

the red one here represents long-term

holders and what they are doing and then

this orange one is basically everybody

in the mix not just it's long-term and

short-term mixed into that when you see

both longterm and shortterm down here at

a loss it's time to prepare to buy you

want to see people at a state of

capitulation people are a loss it's the

best time to prepare to buy historically

for Bitcoin this like these charts have

called the bottom almost perfectly every

single time even like the little Co

crash that we had telling you it's time

to buy so that that's that's pretty much

it for the onchain stuff man very simple

that's rule number three prepare to buy

when long-term holders and average

holders are in a state of capitulation

meaning down below the zero line on that

chart again he's looking for real world

signs on chain that show the market is

full of fear that's when he's targeting

a buy the firstly rule here on chain

exposed are extremely important you want

to see this line basically price enable

chart showing that the long-term holders

and the average holders at a state of

capitulation there were a loss were down

below the zero line we prepare to buy

when we start seeing about 50% of the

supply at a loss and we prepare to buy

when we see this in the opportunity Zone

below zero so this gives you a good idea

of Market activity and sentiment but we

still got rule number four which

requires a completely different chart on

trading view another free tool and then

it's now it's about the chart what's the

price doing so we go into the chart it's

about the structure so if we zoom out on

bitcoin we have what's called a legacy

trend line right here and this is a

trend line that's been holding up

Bitcoin since 2017 when we reach this

level you can either use this line or

you can use the 300 weekly EMA I find

this line just to be a lot more accurate

it's called Legacy support when you when

you draw a trend line and you're going

on the daily chart and you're trying to

get as many connection points as you can

for support it'll give you a good idea

of where the Bottom's going to be and it

tells you and you can see that's

trending upward right so like the floor

Valley of Bitcoin is going up based on

this trend line As Time Goes By it's

going to get higher and higher and

higher and it's going to help Define

where bitcoin's likely going to go when

we have the next bare Market correction

you look at this as your target to Reby

and when it comes to selling it's it's a

little bit different the calling the

tops a little bit more difficult but

it's the same onchain rules but in

reverse and then you just want to wait

for a loss of uptrending support this is

a trade when you jump into it you go in

with a mindset that could last over a

year rule number four prepare to buy

when the price hits the Legacy support

trend line the logic here is that once

you've determined the market is in a

state of capitulation you can then look

at the Bitcoin price to see where the

bottom will be when it hits its Legacy

support that's where you buy and that's

where you potentially make this insane

return this way you're looking to start

a trade at a good evidence back level of

Market fear and a reasonably low price

in essence he's kind of using data to

invest exactly like that famous quote

you've probably heard before be greedy

when others are fearful and fearful when

others are greedy as I said in the start

Kyle took fova members through this

trade as it happened in real time this

is one of the most profitable trade

signals of all time and it was available

right on fova meaning you would had

access to this trade and so many more if

you were a member at the time if you

don't want to miss out on the next trade

from Kyle myself or any other fova

Trader make sure to join but just a

warning join fast because we sell out of

spots every single week now Kyle

strategy works for any kind of trading

but typically he uses it for an inverse

Perpetual trade that has a unique fee

structure this is this is where you

leverage Bitcoin to predict Futures I'll

let him explain so an inverse Perpetual

trade is a lot like trading with regular

Futures where you're predicting the

direction you you can go short you can

go long so like short predicting it to

go down long predicting for it to go up

rather than using usdt or usdc like most

people do you use Bitcoin so you're

putting your Bitcoin into the trade it's

called coin margin or it's called

inverse Perpetual depending on the

exchange most people know it now today

as coin margin when you enter that trade

you choose your leverage just like you

do with any other setup and you

basically that will determine your

volume so my 10 Bitcoin acted like 20

Bitcoin in this trade most of the major

big exchange has coin margin or inverse

Perpetual just a word of warning you

need to be careful with trades like

these because the fees can scale rapidly

that's actually what got him out of this

trade in the first place so you need to

have money set aside to cover those fees

otherwise your trade will be closed

early but let's say you hit a big one

what's next well as you can guess Kyle

has key rules for selling as well and

you'll notice that the short-term

holders on chain will start to go up and

the long-term holders start to go down

and we just had that occurrence go

through now so we've got the warning

sign that we're halfway through the bull

market now we just got to wait until we

are seeing about

80% of short-term holders and a profit

again and that's a warning sign and then

this get to the overheated Zone that's

the next warning sign then we lose

support on the chart on the chart here

so in essence you sell when it's the

reverse of all the buy rules that we've

already talked about but returning to

buying Kyle's

rules aren't quite enough he realiz on a

couple signs that have to be in place

before he even checks his four rules to

begin the trade so how to know when to

buy to do this he looks at a piece of

data called the Golden accumulation

chart I call it the golden accum

accumulation chart this is called the

200 weekly EMA it's basically the think

of it like every single time there's a

weekly candle that's printed it creates

an average and it generates this line so

this is like a combination of 200 weeks

of candles that tell you where the

current average is and it creates a

really big weighted level of support and

when it breaks it's actually known to be

the one of the best times to buy so if

you use the break of the 200 weekly EMA

this green line here in combination with

the onchain data you can get you can get

yourself a really good entry price of

course you can use formations to help

guide you too like double bottoms are

huge huge warning signs to repair to buy

like this is the bot you're not going to

have another opportunity to buy um so

you can see them here they're like big

W's by looking at the 200 weekly EMA and

double bottoms Kyle was able to see

whether he should start looking into a

trade when he sees the right information

he then checks his four key rules so you

use this chart whenever you see this box

pop up you prepare to buy and then you

just go through the rules that we went

through on chain and once all those

rules are met it tends to get you the

best entry a lot of people jump the gun

and they'll get really hypey when they

see price action get down below here but

it's not enough just wait till all all

the rules are met and it'll save you

tons of money and time be patient look

for the yellow box this means it might

be time to buy but then check your four

rules first if they're all met buy if

they haven't wait it's that simple don't

try and create an opportunity wait for

one to arrive that was the backbone of

how Kyle made his $2.6 million from 27

bucks but remember without patience and

without emotional management it's just

not going to happen they're impatient

they want to get rich quick if you are

trying to force an opportunity that

isn't there you usually end up being the

liquidity that makes other people money

be as patient as you can and wait for

the rules to tell you when to get out

honestly that's that's the biggest thing

emotions will destroy you he also told

me something surprising that most people

could become a millionaire in far fewer

trades than they think how many trades

for the average person the average

person can become a millionaire in 300

trades it also of course start depends

on what you start with but if you're

starting with like $1,000 the average

person can become a millionaire in like

300 trades that's including losses in

that too so 300 trades total like

realistically not that many but if

you're using his rule book and his

strategy how long does that take per day

if you got your rule book in in your

pocket and you just wait for it to um

meet those rules you're looking at 45

minutes to an hour per day an hour a day

I asked him something that I think would

apply to a lot of viewers something

achievable how would he start again with

as little as 100 bucks if I were to go

back in time and start completely all

over again like I know it wasn't very

fortunate at the time so $100 would

probably be a lot to me the reason why I

would recommend most people to start

with a small amount is because as your

account grows you're actually training

your emotions little by little to handle

a larger and larger account balance

emotions is a huge Factor when it comes

to trading a lot of people will jump

into a trade that they do not belong in

if I were to give you a set of rules and

you cannot enter a trade unless those

rules are met it's not going to matter

if your emotions get in the way and try

to jump you into a trade that you're not

supposed to be in I would still start

small so I can still train my emotions

give myself a set of rules and not chase

after the new shiny indicator that was a

big problem with me when I first started

trading is I would try to add more rules

look at other indicators add more rules

stuff like that and not analyzing how

it's going to impact my win rate so back

test every single thing that you hear

when it comes to trading and especially

in the crypto space um you want to make

sure that those rules if you were to

apply them if you were to back test it

you would give yourself a percentage

value of how often you're going to win a

trade so if you give yourself like a

sample size of 100 or 200 trades and you

find out what your win rate is going to

be using those rules then you would have

yourself some data that would literally

tell you exactly where you're going to

be from now after 300 or 400 trades and

you can actually predict where you're

going to be at mathematically in terms

of profitability risk management is

incredibly important you know if you're

trading with $100 you should be risking

around $1 to gain $2 you know you should

always be risking to gain more than what

you're willing to lose and let your

yourself scale through compounding that

way as your account grows you know maybe

it gets to $200 you'll be risking to

lose $2 to gain four and when you're at

$3 $300 you'll be risking $3 to gain six

and so on so forth and you'll find

yourself one day trading with 15 grand

and be able to quit your job or stuff

like that and another tip I would give

myself as well is if I were to try to

think about quitting my job again I

would highly recommend having at least a

six-month emergency fund when your

trades are the only thing that's paying

for your bill it could add a lot more

stress into trading and you want to be

as calm as you possibly can as a Trader

so having a you know a good Lush fund to

fall back on is more than more than

recommended and we aren't done yet I

know you love hearing about coins

outside of Bitcoin so I asked him what

else he was looking at and what

interests him about the market right now

the four coins Kyle is watching when it

comes to other coins other than Bitcoin

I like to look at all these

cryptocurrencies all these different

assets as their own vehicle what I mean

by that is I want to see which one's

going to hit their destination the

fastest and which one has the most

amount of safety features rather than an

airbag I basically what I mean with is

which um vehicle has the most amount of

holders most amount of liquidity um the

best development plan the um the best

marketing stuff like that and I want to

jump in on the vehicle that will

basically get to the destination as

quickly as possible so I can take those

funds out and put them into a different

vehicle that hasn't even started going

yet and compound and grow that way so

when it comes to larger market cap I'm

focusing mostly on like salana chain

link and ethereum when it comes to lower

Mark cap assets you got to take a huge

step backwards and think about what is

the narrative that everyone's talking

about right now what is what is everyone

talking about right now it doesn't have

to be in the crypto space just in

general and right now it seems to be

artificial intelligence like AI is the

the big hype that's going on right now

around the world when you were looking

at the AI sector in the crypto space you

can see that they're outperforming even

Bitcoin right now so short term you're

you basically want to get in and out as

quickly as you possibly can and you just

want to think about which assets are the

loudest right now and which one's got

the just like I said before with the

higher market cap stuff like which one

has the like the best road map and the

best marketing plan and the best tech

you know which technology you think is

going to be a disruptor in the space

yeah for this cycle I would say

artificial intelligence for the lower

Mark Mark cap stuff and you invest in

significantly a lot less funds than you

do with the larger Mark cap stuff like

scratch ticket amount of funds basically

as you can imagine I've been following

this trade for years and to see him to

see him go and take this bold signal a

while ago with

$300,000 being patient through all the

ups and downs and then eventually

selling right on the dot and making $2.7

million I have never been more proud to

see a trade and to see this level of

resilience and emotional regulation it's

insane it really Billy is insanely

impressive I'm so excited to have him on

the fova team if you want to learn even

more you can join us over on the fova

patreon love you bye