Eric Evenstad

The Power of AI, Crypto Leverage Trading & the Best Pants on Earth

The Power of AI, Crypto Leverage Trading & the Best Pants on Earth

Eric Evenstad • Apr 09, 2023

Read Time: 2 Minutes

I received some positive feedback on last week's version of the newsletter and I enjoyed writing it, so I'm going to go with the same theme this week.


Here are a few things that I've been enjoying lately:

Favorite Podcast Episode


My First Million: Brainstorming ChatGPT Business Ideas with Billionaire Dharmesh Shah


There's been a lot of concern lately about the power of AI, with many tech leaders signing a petition urging all AI companies to pause the development of AI systems more powerful than GPT-4.


But not everybody is concerned about AI. In fact, this week's My First Million guest, Hubspot founder, and billionaire, Dharmesh Shah is so excited about the potential of chat-based AI that he recently spent $10M+ on the purchase of the domain name chat.com.


In this podcast, Dharmesh shared the use cases for AI that he is most excited about, he talks about why he thinks AI will amplify human power, and he explains how these AI tools actually work.


I found it to be a fascinating conversation about the big-picture possibilities of artificial intelligence.

What I'm Learning


For the last two years, I've been making money by trading NFTs, but it has become harder and harder to turn a profit. As a result, I recently started asking people in a few of my crypto/NFT online communities how they're making money right now and the overwhelming answer was leverage trading crypto.

So for the past few weeks, I've been learning everything there is to know about leverage trading and technical analysis.

Click on my YouTube history and you'll see nothing but technical analysis tutorials. When I'm away from my computer, I'm listening to trading mindset books such as 
Trading in the Zone and Thinking in Bets.

Two things excite me the most about leverage trading crypto:

  1. You can make money whether crypto prices are going up or down.
  2. If you do it the right way, you can put yourself in the position to make large gains with minimal downside risk.

Here are my suggestions if you want to learn about leverage trading crypto:

  • YouTube has everything you need to know. I'd recommend focusing on topics such as technical analysis, risk management, and trading mindset.
  • Speaking of risk management & trading mindset, I would highly recommend reading or listening to the two books I mentioned above.
  • Join some sort of online community where other crypto traders hang out. This will help you get a feel for how they think and it'll allow you to ask questions. My favorite community is called Wumbo Labs but joining requires that you own their NFT which costs around $3,000. Other cheaper options include the More Crypto Online community, crypto Twitter, or any number of subreddits. 
  • Skip the paper-money trading account and open a regular trading account. Put $100 in and start trading with tiny position sizes. The fastest way to learn is to jump in, and having even a few dollars on the line will completely change your mindset compared to trading fake money. 

Fresh New Find


If you like looking good AND feeling good, you need to get yourself a pair of Flint & Tinder 365 Pants


These are the only pants I wear anymore. They feel like sweatpants but they're stylish enough for a business meeting or a date. Plus they're lightweight so you can wear them year around.

My personal favorite is the Charcoal Slim Fit but they have a wide range of colors and fits to meet your needs.

Go ahead, toss your jeans in the trash, and make the switch to Flint & Tinder.


That's all I've got for you this week. I hope you've enjoyed it and I hope your week ahead is a great one!


-Eric

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