buying canna stocks is like hitting vegas for a weekend or " investing " in silver at $45 dollars ....
everyone with millions understands the green rush projections and future growth uptrend but many businesses cook books just like the asian shell companies that imploded as people lost big coin in the " BRIC's " pump and dump that is knee capping brazil, china, russia ( second tier ) ..... today. hot shot countries, stocks, commodities smoked -
point being, it's not easy day trading quality stocks like star bux or home depot or some more larger stocks with more vol like tesla, amazon, baidu .......
if your day trading a cheap stock that can make large moves in a short period for a large percentage gain exposes the fact they are mostly garbage stocks. people / computers dumping them at the first hint of trouble. and if they are not traded on a large scale and it starts dropping fast with some black swan news meme', well your fucked because nobody is buying as it drops and your crushed. and if you use leverage, your fucked.
so you can make money indeed day trading these canna stocks but hype has already driven them past fair value and thus you are not investing its a dice roll, in fact, they are priced hundreds of percent above present profit levels.
and beyond all of this, the market is built upon hopium with global interest rates at zero or below / global quantitative easing, proping up asset prices like or stock market pressing it up on a rocket ride of leverage as global central banks / hedge funds / money market funds recycle liquidity with said interest rates and q.e. funds into treasury bonds and finally parking those dollars into our markets ( stock market, bond markets ) AND the high frequency trading outfits that drive market orders today.
so summing it all up, the markets are rigged with leverage, debt, low interest rates, and robot platforms that move markets without fundamental sound foundation of finding true value with macro analysis.
so have fun trading but like most things, what goes up crashes ..... so keep your stops tight.