How to Trade Bitcoin With Less Risk

[Trading With Larry Benedict]( Managing Editor's Note: Crypto enthusiasts, clear your calendars tomorrow… That’s when tech investor Jeff Brown is unveiling his invention – an AI tool built to spot special patterns in the cryptocurrency space. The goal is to turn crypto volatility into reliable profits. So far, his AI has found 60-day windows that turned a series of $5,000 investments into $6,950… $9,090… $11,800… and more. To learn how this all works, [be sure to tune in tomorrow evening. Simply go right here to make sure you’re on the list](. And then read on to learn how you can control your risk when trading Bitcoin… How to Trade Bitcoin With Less Risk By Larry Benedict, editor, Trading With Larry Benedict Maybe you want to trade Bitcoin… But the volatility and high price scare you off. You worry that if you buy in with prices up around $60,000 or $70,000, your account could take a hit if Bitcoin tumbles… just like a bit over a month ago. From late July to early August, Bitcoin lost almost 30%. And plenty of other times, it has fallen a whole lot more. That’s why, as I wrote [last Friday]( I trade Bitcoin differently than most. Today, I want to expand on that… Recommended Link [Jeff’s Powerful AI Helped Him Deliver Nearly a Dozen Winners During the 2022 Crypto Winter – Now He’s Bringing It Back]( [image]( Jeff first launched the Perceptron in 2022 – during a brutal crypto winter. Bitcoin was in the middle of a 70% tailspin… Yet Jeff delivered nearly a dozen winning trade recommendations during that downturn. Obviously not every trade was a winner, but anybody who followed all his picks could have actually made money. On Wednesday, September 25th at 8 pm (ET), he’s bringing back the Perceptron, and giving you the name of his top buy. [Register Here]( -- Reducing Risk I use the ProShares Bitcoin Strategy ETF (BITO) and other Bitcoin-related stocks rather than trading Bitcoin directly. This can include Bitcoin miners and exchanges like Coinbase Global (COIN) as well. This way, you can trade Bitcoin using your normal brokerage account. You don’t have to set up a crypto wallet or worry about an exchange being hacked. And I go one step further than that… I don’t buy shares in any of these stocks. Instead, I trade Bitcoin using options. To some, that might sound crazy. Bitcoin can be volatile, after all. And many people assume options would make trades even more risky. But the opposite is the truth. By buying options, I’m controlling my risk. When I open a trade, I already know the most I can lose – and I can adjust my position size accordingly. The price paid for the option is the most we risk. And options give you another benefit… Free Trading Resources Have you checked out Larry's free trading resources on his website? It contains a full trading glossary to help kickstart your trading career – at zero cost to you. Just [click here]( to check it out. Profit in Both Directions Options allow me to easily trade Bitcoin in both directions… That means we can also make money if Bitcoin falls – or even crashes. If I think Bitcoin will rally, I could buy a BITO call option. (A call option increases in value if the underlying asset rises.) And if I think Bitcoin will fall, I could buy a put option. (A put option increases in value if the underlying asset falls.) In both cases, the most I can lose is the price I paid for the option. So I can benefit from Bitcoin’s moves while limiting my risk. I don’t have to worry about Bitcoin tanking 30% or more… Instead, I can turn that fall into profits. In my options advisory, The Opportunistic Trader, we’ve profited from Bitcoin this way with gains like 100.0%, 72.3%, 52.9%, and 41.7%. Of course, like any other trading strategy, we’re not always going to get it right. There are times when things don’t go your way. But altogether, this strategy can quickly bring in strong profits… and let you control your risk at the same time. Regards, Larry Benedict Editor, Trading With Larry Benedict Recommended Link [The Next Big Thing: “Exegesis AI.”]( [image]( I recently traveled to Wisconsin to investigate Microsoft’s newest AI factory… Where they’re trying to develop a next-gen AI I call “Exegesis AI.” [Click here to see this footage of what I uncovered]( because according to Fortune, this next gen AI could… “Advance civilization and change the course of human history.” I believe it will also make a lot of people rich in the process. – Jeff Brown -- [The Opportunistic Trader]( The Opportunistic Trader 55 NE 5th Avenue, Delray Beach, FL 33483 [www.opportunistictrader.com]( To ensure our emails continue reaching your inbox, please [add our email address]( to your address book. This editorial email containing advertisements was sent to {EMAIL} because you subscribed to this service. 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