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The Marijuana Index (most Active) Ag Spicer After Shock (hmmm)

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I'm doing well on the Canadian side and do not mind loosing coffee money as stated. It's called the Trump Bump and I'll ride the bump for a while. Can't imagine that we have any real serious investors here on the farm. Besides the Barchart on Coffee Futures is looking rather well for me too!
 
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i hope they do not grow shit herb, why support that shit. hah.
good luck on your investment.
chris.
 
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I'm doing well on the Canadian side and do not mind loosing coffee money as stated. It's called the Trump Bump and I'll ride the bump for a while. Can't imagine that we have any real serious investors here on the farm.
I used to be a day trader. I did some long term investing too. But I'm a charts man. I don't really care what the stock is, or what they do. I predict patterns. I made a killing when the housing market collapsed, I bought and held for a year. Total I pulled $40k from those.

But investing in cannabis stocks, it would be something I would do now, only in the hopes of federal legalization. Bc after that, they will go up a lot (then you get out). And federal legalization doesn't look promising right now, so it's high risk, high reward.
 
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I used to be a day trader. I did some long term investing too. But I'm a charts man. I don't really care what the stock is, or what they do. I predict patterns. I made a killing when the housing market collapsed, I bought and held for a year. Total I pulled $40k from those.

But investing in cannabis stocks, it would be something I would do now, only in the hopes of federal legalization. Bc after that, they will go up a lot (then you get out). And federal legalization doesn't look promising right now, so it's high risk, high reward.
Candlestick chart patterns for predictions a must for day traders.
 
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Screw Penny stocks. Nothing but wasting good money on a get rich quick plan that inheritly always makes some short sale investor wealthy. Invest in quality REITs and other high dividend yielders that can pull you 4-15% a year in returns. Invest in yourself always and first, applied knowledge is power.
 
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Screw Penny stocks. Nothing but wasting good money on a get rich quick plan

Invest in quality REITs and other high dividend yielders that can pull you 4-15% a year in returns. Invest in yourself always and first, applied knowledge is power.
It doesn't matter what the stock costs. Patterns are still recognizable. I made circa $90k a year trading penny stocks ($2.00-ish and under).

You can trade penny stocks very succesfully. The trick is day trading. You must look at any applicable news etc, but the trick is not to care what the stock does. Have a prediction/goal, and get in and get out. But most places require you to have a $25k account with them to trade in and out all day every day.

Penny stocks, can go up 50%-500% in a day. Good luck accomplishing that with Apple et al.

If you are talking mid to long term holding, that's a whole different animal. The strategy of which I explained above but it's not my practice.

Personally, I'm able to recognize patters through all the charts, candlestick patterns etc in a much more reliable way than I'm able to predict a stock's long term performance. That requires a lot of study, info retention, and paying attention to the markets 24/7. Day trading, once you learn to read charts, you're in and out the same day. If I don't want to trade the next day, I don't have to. None of my money is at risk. When you are long term...you never get to put it down. Always paying attention to every detail.

I've done it both ways, and imo, day trading is far easier...you just gotta put the work into understanding/interpreting charts. But then, it's much less emotional. Far less error judgements ime.
 
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@Junk .....I can see you've done some time with trading patterns and so have I. What most people do not get is we look for minute price movements which lead to liquidity, volatility and trading volumes; then we buy or sell and get out. Yes, it's all about momentum and there are no secrets to it just a lot of hard work in the beginning.
 
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@Junk .....I can see you've done some time with trading patterns and so have I. What most people do not get is we look for minute price movements which lead to liquidity, volatility and trading volumes; then we buy or sell and get out. Yes, it's all about momentum and there are no secrets to it just a lot of hard work in the beginning.
Why not trade options then? Sounds like a better choice with more upside and less manipulation for smart folks like yourselves that can grasp upticks and downticks in REAL companies with REAL profits (or losses) and not some shady holding company fudging numbers and new stories to push the symbol of their choice.
http://www.investopedia.com/university/options/option.asp
 
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Just a clarification on what I wrote here
You can trade penny stocks very succesfully. The trick is day trading. You must look at any applicable news etc, but the trick is not to care what the stock does.
What I mean by that is, I don't care what the stock makes, or sells, or produces. The only reason I even know, is because I have to watch market trends, or bad news for the day. But if it's $.5o, and I see that it's due for a jump, I'll buy 10,000 shares. It goes up to $.58, and I sell. And after fees, I'll make about $750, off one trade. And that stock may jump up to $.58 almost immediately, or it may take all day. Sometimes it will blast past $.58 right to $.75 and then I have a really good day. But my point was, day trading is much more analytical. We care very little about the actual company. So, even the fact that it's "penny" stocks, it doesn't matter. I'm in it for the % gain, and with my capital, I can do a lot more damage in the penny arena. But for long term, they can be risky. Especially the ones that are less than $.01

Each day you win some and you lose some. You just need to win more than you lose. One day I lost $8k! It's a tough gig, you gotta have balls of steel, confidence, and you can't get flustered. You also need to really know your chart patterns etc. I've seen people start an account with $25k, and be out of the game in 3 months. It's very much like legit gambling, and you have to have the stomach for it. The only reason I'm not doing it now is bc my wife doesn't have the stomach for it.


@Junk .....I can see you've done some time with trading patterns and so have I. What most people do not get is we look for minute price movements which lead to liquidity, volatility and trading volumes; then we buy or sell and get out. Yes, it's all about momentum and there are no secrets to it just a lot of hard work in the beginning.
Yes, we aren't super concerned with what they do. We are simply short term vendors, buy low, sell high. And once you put the work in to read the charts, we try to predict those moments and price points. It isn't investing...it's not even close. It is quite a bit of work to get that good with the charts, I believe I have 12 books-ish? Beaten, battered, and full of notes and examples. But, I enjoyed it, so, learning it wasn't a hardship for me personally.

Long term investing....talk about volatility and stress. And you need a lot of capital to make real money.

God I miss it!
 
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Options trading. Everything else is for suckers IMO. Penny stocks are no more reliable than a roulette wheel at a shady casino. Sure you can make big money fast, but you can also lose it with the same speed, and chances are you will eventually because it is rigged and lacks controls to prevent fraud.
 
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Why not trade options then? Sounds like a better choice with more upside and less manipulation for smart folks like yourselves that can grasp upticks and downticks in REAL companies with REAL profits (or losses) and not some shady holding company fudging numbers and new stories to push the symbol of their choice.
http://www.investopedia.com/university/options/option.asp
Bc options are a different arena. It's almost like trading futures, or currency. It is it's own animal.

I think there are two things in the way of your understanding this particular niche.

1. I think what may be happening is you are thinking penny stocks are garbage companies. I'm not talking about stocks that trade at $.0001 like SPNG (if that's still around) I'm talking about mostly $.01-$1.00-ish. Which there are hundreds and hundreds of good companies. One I did frequently made superior pacemakers. Chemtura was the one I mentioned above that I bought at $.14-ish. And more at $.25. It's a gigantic chemical co. A lot of companies who come up with new technologies start off low. It sounds like you are thinking if it's less than $1.00, it's a pump and dump scheme. Which isn't the case.

But #2. Day traders don't really care what the co's do, or if they are a "real" company. All we care about is what we can buy it for/sell it for. That's really the only info we need, which we predict from past performance and patterns. You are sort of questioning the legitimacy of them...but that doesn't matter much. If I can buy it at $.75 and sell it for $1.00, than it's good. Why would I care what they do or what they are classified as?

I think what you are talking about is pump and dump schemes that you see on a lot of forums. And it is fierce manipulation, a lot of sub $.01 stocks etc. Everyone tells you how fabulous it is, but they already own it at a low price. They convince other people to buy it, the price goes up and they sell. Then everyone owns it and wants to sell it, and it crashes. I would avoid that scene at all costs, and I would recommend everyone else do the same. You will very likely lose everything invest.

But that's not what I'm talking about. The companies I'm talking about ARE real companies. Capital, CEO's, products, marketing, contracts, etc. But that isn't much concern to me. All I care about is what I can buy it for, and sell it for. The rest doesn't really matter. But it's not pump and dump stocks.

Whatever you feel comfortable trading, go for it. If you don't trust sub $1.00 stocks, don't trade them. What you are talking about (I think) def exists, and in a big way. It's everywhere. But those are usually sub-penny stocks. If it's $.20-$2.00, there are a ton of people trading them, and they are legit stocks.

Our game (day traders) is buy/sell. Over and over again. Citibank during the crash, I probably traded 100 times, just making $.08+ per stock. E.g. I buy at $1.00, sell at $1.08. It drops to $.98, I buy it again, and sell it for $1.04. Just over and over again. If I can make $60-$100 a trade, I just try to do that as many times as possible throughout the day. And it's reliable...unlike the the sub-penny stock arena, which is almost exclusively pump and dump schemes.

Basically, the volatility and schemes you are talking about exist in a bad way, but they don't apply to all stocks that are less than $1.00. And the percentage gains you can make is a lot higher. Using Apple as an example, to make 25% on your investment, would be very difficult. But I can buy/sell a $.40/$.50 all day long.

Did you or someone you know get burned on the sub-penny stuff? It's terrible the stuff that goes on with that. You get talked into spending a grand thinking it will be $2k by end of week...but no sooner do you spend your money, that it's completely gone.
 
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I made a lot of Citi in 2008 as well and it was obvious to anyone with knowledge that it was free money with almost no downside left. You sound like a smart trader who would do well in any arena. Many of the companies you are trading I am sure have been kicked out/disavoewd from other markets (NYSE, Nasdaq...etc. ) due to various dealings.....not often for good reasons.

I traded in your game for awhile, but it is easy to get too confident in that arena IMO, and too easily have the rug pulled from your feet.

Not trying to deter you at all, but to anyone starting out, stick with the DOW components until you learn the game. Easier to research and believe what you are reading.
 

Bulldog420

Premium Member
Supporter
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I wouldn't invest much, but why not? If things get rolling, and more and more companies go public, at the current price you could make a good buck right? Like investing in bit coin on day one?

What do I know, I think the stock market is inflated right now with all the money the feds have pumped to large companies, who have in turn invested in the stock market. Investing on inflated items doesn't sound like a great idea to me, but not my wheelhouse at all.
 
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Many of the companies you are trading I am sure have been kicked out/disavoewd from other markets (NYSE, Nasdaq...etc. ) due to various dealings.....not often for good reasons.
You don't know that. Nor do I, because I can't remember a damned symbol to prove either side lol. It was over 1o years ago. I'll put it this way, there are a lot of small companies that trade on the the ix's that simply aren't big companies yet. That's all it is...company scale.

But, I don't know where we are missing each other. I don't really care. This isn't a game of morals. Companies like Microsoft, Google, Apple, Exxon et al are not moral or ethical companies. People lost their shirt in AIG, in Citibank, in Ford etc. Even people who didn't own that stock got crushed. People were losing their homes, jobs were hemorrhaging.

But even that does'nt matter. If I was still in the game, i'd trade those if the prices were right. All I care is what I can buy it for and what I can sell it for. That's what day traders do. Sometimes, I could make thousands per trade, some days you are just chipping away. Some days, you take a beating. But all that matters is what you have at the end. And I did pretty well trading $2.00 and usually $.50....with some exceptions. But that was the general area. I did very very well for someone who had only done it seriously for 2-3 years.

I figured it out brother... what you are saying, doesn't really apply to day traders. They know enough about the company to know it's not just a name. They've analyzed it's trading data over many periods of time. In many different circumstances, in good and bad. They check the news to see what's happening. Basically just checking that the stocks in play that day are stable. Know what I mean? The caution you are advising, is sort of built into the job. There is no investment. With as few exceptions as possible, you start every day, and end every day, owning nothing.

Investing, I totally see the need for caution. It's smaller companies, usually less oversight, or knowledge into the exact details of what is going on. They are less stable. If you are investing over time, it's very bad odds on average sub $1.00 companies. I only need to know if I can play it that day.

Perhaps everything you say IS applicable, and I'm just handy with it. It wouldn't be the first thing I've had a knack for. And I'm willing to take that compliment.

Much respect.

I wouldn't invest much, but why not? If things get rolling, and more and more companies go public, at the current price you could make a good buck right? Like investing in bit coin on day one?
You can totally invest. But there is always caveat emptor, buyer beware.

And this is where I think @Homesteader 's comments stem from. Many people think that the odds are "ok" that you will hit a Bitcoin type stock, or Amazon or whatever. It's excruciatingly unlikely. There was an experiment done many years ago (I was in high school, so before '96) where they had several stock analysts pick the bests stocks, and they had a monkey point to the trading page and point to stuff and picked that. The monkey did better.

The odds of hitting an Apple or Bitcoin, are so small, that it's much like investing your savings into lottery tickets, thinking you will win. You might. But odds are many millions:1 that you don't. And when investing, that has to be considered. You have to know that this is a super long shot, and invest accordingly. A lot of people don't.

It's legal gambling, and they will clean you out any way possible. My only point was I'm only interested in the gaps I can exploit during a given day, so it doesn't matter to a day trader if it's a crap stock. All I know is if I'm handy, I can buy it for __ and sell it for __ and eTrade puts the money in my bank account.

But with long term...people need to consider the risk. Which is that, it's very likely, never going to happen.
 
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I think I see where my confusion is coming, I thought you were the OP here and recommending people shop pinks for canna stocks. Either way you have a firm grasp of how it works and Im sure you do well with it often. The markets are the minds of the masses. If you are smarter/quicker/more intuitively than the masses and can sideline emotion and have liquidity to jump..... than you own it.
Until the correction.......
 
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