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Hey Nerds: Blockchain

I feel like some of the newer mj investors are liquidating their bundles of cannabis and crypto together
 
I usually grind out 2-3k a day on POTN, a US pot stock. Its seriously controlled by one or two hedge funds, and I have figured out their patterns. Took quite a while Weeks. But I got to it. Took a ton of watching the L2.
 
Hoglund14 said:
Made the mistake or popping in the weed stocks subreddit... Woof. So much misery and doom and gloom talk. Stay away if you want to hang on to any mental strength.
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Try stockhouse if you're a real masochist.

Patience will be rewarded, panic never is.
 
Mindzeye, I am going to be trading an account for a Canadian buddy of mine, I only trade US stocks. Any suggestions for Canadian MJ stocks for me to trade? I don't normally hold stuff for much more than a half hour in my trading accts. I am looking for big volume and volatility. Thanks in advance if you have any suggestions.

I used to frequent stockhouse a decade ago. I just visited for the first time since the other day. Its not as good as it once was imo.
 
MindzEye said:
Same...this is ridiculous. If impatient people don't want their money thus badly they could have just outright offered it.
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"If you don't know who you are, the stock market is an expensive place to find out." -Adam Smith.

a lot of newbies think of themselves as long term investors but really want to get rich quick
 
I keep reading about millenials not being big players on the stock market but wanting to cash in on the MJ and crypto craze.

I think the volatility is turning a lot of these first time investors off.

Can't blame them. My buddy who bought bitcoin sold at a loss and isn't going there again.
 
I understand I just have to look at the top volume leaders. I live off of volatility. My core positions are fine, but I bought silver a decade ago, in physical form and man, its essentially where I bought it, worst 5k investment so far. I didnt sell into that massive spike, it was sudden and very brief.
 
Iknowenuff said:
I usually grind out 2-3k a day on POTN, a US pot stock. Its seriously controlled by one or two hedge funds, and I have figured out their patterns. Took quite a while Weeks. But I got to it. Took a ton of watching the L2.
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This is an example of why I'm not scared (don't get me wrong, it sucks to watch value piss away).

I stay pretty tuned in to industry news, and especially the finance end of it. Big institutional money is what moves market. While retail investors panic and pull out over the last few weeks, merchant and investment banks have actually picked up steam in their deal making. 6 months ago we would hear news of a private placement or debenture deal every few weeks. I'm seeing them every ****ing day now. The smart money isn't running away from the industry, they're starting to embrace the industry. Som Seif has an ETF in the pipeline, Redwood just announced an actively managed ETF on the way. That's on top of the two I was talking about earlier in the thread. Bigger banks are starting to underwrite these debt deals (Aphria announced today that they're uncoupling from their US investments...think they're doing that because they don't like the US market anymore, or because they're courting a bank deal and the bank is requiring it?)

These are the periods of time where the institutions transfer wealth from the retail investors upwards into their bank accounts. Want to make money? Follow big money and see what they're up to...and they're not all in yet, but they've done a lot more than just dip their toe in the water.
 
Altair said:
I keep reading about millenials not being big players on the stock market but wanting to cash in on the MJ and crypto craze.

I think the volatility is turning a lot of these first time investors off.

Can't blame them. My buddy who bought bitcoin sold at a loss and isn't going there again.
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that's why it's called investing/trading and not "winning"

asset prices go up and down --- people have to understand their risk tolerance and size their positions accordingly

so, yes I blame anyone who hasn't done their homework, or at the very least mapped out an exit strategy in case the market doesn't make them instant millionaires
 
Altair said:
I keep reading about millenials not being big players on the stock market but wanting to cash in on the MJ and crypto craze.

I think the volatility is turning a lot of these first time investors off.

Can't blame them. My buddy who bought bitcoin sold at a loss and isn't going there again.
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and here I am mining a couple ETH a month and it's up 20% in January.

People who had no idea what they're were getting into lost their minds on MJ and Crypto, and now they're scared.
 
Hoglund14 said:
Yeah fair point. I'm not going to sell. Never even though about it tbh. It's just hard to not be at least slightly concerned and reading forum posts just make it worse haha.

Like I said, I'm holding longterm. I bought at a pretty high price so it sucks at the moment but I'm holding out hope that these stocks haven't reach ATH prices just yet. Pretty confident in WEED and APH getting back to where they were. Not sure about HVST and MARI but meh.. deep down I know I'll be fine. It's just human nature to be concerned though. Thousands pissed away in the last week. Turns the stomach a bit.
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of course...fear and greed will dominate at certain times. but you have to step back and consider if your original rationale to enter a trade has changed. or are you being swayed by everyday volatility (that might not even register months down the road)

personally, when I find myself sweating every tick too closely, it means my position size is too big.
 
Iknowenuff said:
Mindzeye, I am going to be trading an account for a Canadian buddy of mine, I only trade US stocks. Any suggestions for Canadian MJ stocks for me to trade? I don't normally hold stuff for much more than a half hour in my trading accts. I am looking for big volume and volatility. Thanks in advance if you have any suggestions.

I used to frequent stockhouse a decade ago. I just visited for the first time since the other day. Its not as good as it once was imo.
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HVST is an interesting one buddy. They just announced publicly available warrants and 8% debentures going live tomorrow : https://finance.yahoo.com/news/harvest-one-announces-stock-ticker-220811318.html

Not sure what it's intraday volatility is like, I've never tried to day trade it but I imagine a good chartist would find patterns and plays in there.

HIKU (formerly DOJA) tends to be volatile from what I've seen. Branding themselves as a "lifestyle" marijuana company which a bunch of people scoffed at but they've been successful so far. Trent Kitsch is tuned into the universe in a way most of us aren't I think and is skillfully finding a niche for his company. Not sure what the volume is like though.

THCX is a better volume play that should meet your criteria, as is Namaste (N), and AbCann. Those should fit the bill for volatile intraday trading plays, as long as you're not swinging too large of a stick (I don't know if the volume is big enough for a heavy hitter to move in and out without creating quite a wake)
 
CH1 said:
that's why it's called investing/trading and not "winning"

asset prices go up and down --- people have to understand their risk tolerance and size their positions accordingly

so, yes I blame anyone who hasn't done their homework, or at the very least mapped out an exit strategy in case the market doesn't make them instant millionaires
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First time investors man. Young people who like the product and figured it was on the up and up plopped a bunch of money into it.

But millenials have been putting their money into much more stable investments, like real estate. A lot of them/us/whatever, are coming to realize that they don't enjoy the volatility that this emerging market is going through and they don't like the idea of losing money on the stock market, probably a reason why this generation wasn't investing in the stock market to begin with.

No harm in trying it out and leaving if you don't like it.

https://www.bankrate.com/investing/financial-security-0717/

Young vs. old

The millennial money mind turns out to be a bit more complicated than conventional wisdom might have you believe.

“Contrary to the notion that millennials don’t want to buy homes, their preference for real estate as a long-term investment is exceeded only by their counterparts in Gen X,” says Greg McBride, CFA, Bankrate chief financial analyst.

Young adults split their vote evenly between real estate and cash (at 30 percent for each), with stocks trailing far behind (at 13 percent, behind gold). Compare that to baby boomers, who choose stocks second after real estate, with cash third.

Millennials have years to earn and invest, so why would they seem more eager to play it safe than people who are in or near retirement? Here’s one possible reason: their relative lack of overall wealth compared to their parents and grandparents.

With fewer dollars to play with, millennials are less likely to want to take on risk, even if that means settling for weaker returns.
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Millenials want less risk, volatility represents risk, weed is going through some volatility.

Not surprised people, especially young people, are bailing. I simply decided not to touch stocks, cash for me.
 
Hoglund14 said:
Thousands pissed away in the last week. Turns the stomach a bit.
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