If there’s one hobby from my youth that primed me for becoming a professional trader, it’s the collectables market.
To this day, I’m still a fan of the whole scene…
Whether it’s collecting sport cards, classic cars or even comic books, these alternative assets can be a great way for the trading bug to get its hooks in you at any age.
You might be surprised by what some people are willing to pay big money for…
One guy I know collected vintage glass bottles, which might sound crazy… But that kind of thing is the reason why eBay Inc. (Nasdaq: EBAY) is valued at more than $47 billion.
And what might seem like a niche industry at first glance can wind up being worth billions…
And that’s exactly what’s happening right in front of our eyes…
Trading NFT Stocks: We Never Saw It Coming
Friday morning, I was at my trading desk and watching CNBC when Gary Vee was pitching NFTs and trading NFT stocks.
For the uninitiated, non-fungible tokens (NFTs) are chunks of data that certify a digital asset as one of a kind. That information lives on a distributed ledger — the same technology that makes cryptocurrencies possible.
Without going into too much detail, this is new technology and trading NFT stocks with collectible companies could disrupt the whole collectibles industry. Sure, Topps calling off its SPAC merger with Mudrick Capital Acquisition Corp. II (Nasdaq: MUDS) is a let-down…
But that’s just the tip of a Titanic-killing iceberg with more high-profile companies just now coming to the surface.
DraftKings Inc. (Nasdaq: DKNG) is ready to pick up the sports NFT slack MUDS is leaving behind.
And even World Wrestling Entertainment Inc. (NYSE: WWE) recently announced plans to launch non-fungible tokens dedicated to its superstar wrestler John Cena. I know I never saw that coming…
Check out the video below, let’s talk about trading NFT stocks and let me explain why Foot Locker Inc. (NYSE: FL) isn’t the only investment vehicle the company has to offer…
Don’t forget you can follow me @LanceIppolito on Twitter, Instagram and our YouTube channel for more trading insights and tips. And as always, you can find me right here talking stocks and options trading — and printing money — on WealthPress.com!
P.S. Ever wonder why Wall Street always seems to be one step ahead of the average Joe trader?
It’s because the big firms have a ton of top-secret trading strategies that give them an edge over everyone else!
And while their methods are usually kept under lock and key… I’m pulling back the curtain on Wall Street’s best kept market strategy.
I’m ready to reveal how tracking what I call a “Shadow Blitz” can help predict which stocks are ready to explode…
Handing everyday traders huge cash windfalls in as little as 24 hours!
