indicabush
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And your coffee money ....Cannabis stocks are for shit, no serious investor would so anything but use coffee money on those stocks. Expect to lose your ass, pants and socks.
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.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 hope they do not grow shit herb, why support that shit. hah.
good luck on your investment.
chris.
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.
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).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.
@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.
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 $.01You 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.
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.@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
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 can totally invest. But there is always caveat emptor, buyer beware.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?
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