Investing

Cannabis (Marijuana) Stocks

  • Last Updated:
  • Apr 25th, 2019 11:29 am
Deal Fanatic
Apr 25, 2006
5032 posts
512 upvotes
alanbrenton wrote:
Nov 14th, 2018 4:14 pm
If it's going to crash, why do you close your short positions daily?

Wouldn't it be logical to stay put until your target price is achieved? I mean if your conviction is so good, why close your positions and net it out everyday?
Because this sector is NUTS.

1. I don't trade earnings, nor hold any positions overnight into them.
2. I am not crazy enough to short Canopy who has 4-5B in cash.
3. Things can turn very quickly for any given name so no shorts there too.
4. Never hope a trade goes in your favor. Establish a plan and execute. Easy as that.
5. I am very new to shorting but if I am good at playing long, I am good at playing short, technically.
"If you make a mistake but then change your ways, it is like never having made a mistake at all" - Confucius
Deal Expert
User avatar
Apr 21, 2004
49051 posts
14456 upvotes
1xTiMeR wrote:
Nov 14th, 2018 4:21 pm
Because this sector is NUTS.

1. I don't trade earnings, nor hold any positions overnight into them.
2. I am not crazy enough to short Canopy who has 4-5B in cash.
3. Things can turn very quickly for any given name so no shorts there too.
4. Never hope a trade goes in your favor. Establish a plan and execute. Easy as that.
5. I am very new to shorting but if I am good at playing long, I am good at playing short, technically.
So it sounds like you will post when your short positions make money and keep mum if they don't?

Your points kinda give the impressions you're wishy washy but hey, profit is profit so congratulations. :)
Member
Jan 6, 2015
253 posts
27 upvotes
TRST seems ok, not disaster as weed.
When they go to american exchange, things getting ugly a lot Black Question Mark Ornament
Deal Fanatic
Apr 25, 2006
5032 posts
512 upvotes
alanbrenton wrote:
Nov 14th, 2018 4:25 pm
So it sounds like you will post when your short positions make money and keep mum if they don't?

Your points kinda give the impressions you're wishy washy but hey, profit is profit so congratulations. :)
Of course I have losers. I have more losers than winners, but my winners are bigger than losers. No point of explaining here but yes, profits are profits so agreed there. If anyone have guessed, I am purely TA and actually do not care if this sector does well or not.
"If you make a mistake but then change your ways, it is like never having made a mistake at all" - Confucius
Deal Addict
Nov 14, 2006
1483 posts
614 upvotes
GTA
1xTiMeR wrote:
Nov 14th, 2018 5:03 pm
Of course I have losers. I have more losers than winners, but my winners are bigger than losers. No point of explaining here but yes, profits are profits so agreed there. If anyone have guessed, I am purely TA and actually do not care if this sector does well or not.

I have some long, and some short/day plays. You don't need to like or care what you invest in to make money, I go where the volume is , right now MJ is where I am until it changes.
My lithium plays are crapping the bed too , some of my small cap plays have saved me ie. TGIF @ 0.22 MPX @0.40 ATE @ 0.18 but my recent swing plays are in the red, so I will wait on those be it a few weeks or maybe early 2019 to re asset them and the market.

Again all my money tied up can be gone tomorrow and i'm fine, im playing with money I can lose which makes it less painful, but listen it still facking sucks.

I Remember getting into FIRE at 1.60 go on vacation it dumps and I then see it go down to 1 then slowly go up over a year to 2.20 or so and I let it go at 2.10 on the way down, took a hell of a long time but didnt sell at a loss.
Deal Addict
Jul 3, 2007
1513 posts
1621 upvotes
Toronto
So a selloff after canopy earnings, etc..what were people expecting from earnings when weed has only been legal for a month?

This seems really overdone and the shorts won this round, stop losses and margin calls got hit everywhere....
Sr. Member
Sep 6, 2017
638 posts
317 upvotes
bought some weed on the dip today and hope it will pop up a few bucks tomorrow.
Member
Mar 28, 2018
261 posts
90 upvotes
Calgary, AB
Market is reacting well to TRST's earnings. Basically a middle finger to the larger companies.
Deal Fanatic
Apr 25, 2006
5032 posts
512 upvotes
TRSTTTTTTTTT
"If you make a mistake but then change your ways, it is like never having made a mistake at all" - Confucius
Sr. Member
Apr 23, 2014
995 posts
169 upvotes
Niagara Falls, ON
jackrabbit000 wrote:
Nov 15th, 2018 9:40 am
Well, that went green fast.
why is it that FIRE always falls harder and takes twice as long to get up.?

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