Hey Nerds: Blockchain
- Thread starter zeke
- Start date
CH1
The Artist Formerly Known as chiggins.
I haven't left my postal code in over a year
LeafOfFaith
Well-known member
That's some snazzy postal code. I bet it contains numbers AND letters.
Preston
MBow30 alt account
I trimmed my oversized Draftkings position earlier at 55 FLAT. It was a sitting order based on my bollinger band indicators and I didn't expect it to trigger THIS SOON. But I'm happy being far lighter on them moving forward.
I finally bought my pet Novavax last week and I'm up almost 30% on that! When I first started following them they were under $50. Coulda been a 6 bagger if I tried to combine my hobbies and financial interests. #Regrets
But yeah, marijuana is canceled.
I finally bought my pet Novavax last week and I'm up almost 30% on that! When I first started following them they were under $50. Coulda been a 6 bagger if I tried to combine my hobbies and financial interests. #Regrets
But yeah, marijuana is canceled.
CH1
The Artist Formerly Known as chiggins.
Nice move on the DKNG....I find it's a good trading stock level to level...played it nicely yesterday but should have kept a runner for today's burst.
Preston
MBow30 alt account
Their pullback was never-ending but it was unreasonably aggressive and became enormously oversold and we all know what that means! I tried to play it multiple times, took small losses at times, trimmed for small gains at other times and the knife kept falling. Eventually timed a buy properly and rode it over 30%.
"Keep your losses small and gains large."
CH1
- Expert Trader
LeafOfFaith
Well-known member
"How do I trade?"
LOF
-Non-trader
LOF
-Non-trader
CH1
The Artist Formerly Known as chiggins.
I find that's the hardest thing to do emotionally: not keeping the losses small necessarily, but taking the long side trade (with positive expectancy) over and over after a few losses....usually worth it because you recoup all the losses and then some
TL;DR stay long Matthews and Marner
Preston
MBow30 alt account
Very hard. In truth, I would have trimmed earlier if I realized how large my position was. I could have sworn I already trimmed on the way up but I've kinda taken a passive approach on stonks lately so I'm missing some things. I'm staying long on Donkey but my position is smaller than ever and I've made more money on this name than I did when it was at ATH earlier in the year. Good enough for me.
TLDR: Losing track of your positions and being sloppy sometimes pays well
CH1
The Artist Formerly Known as chiggins.
You and Bergevin could be best amigos!
Preston
MBow30 alt account
LETS TALK POT STOCK FUNDIES:
So we've got the two flattest quarters out of the way in Q4 2020 and Q1 2021. I am hearing that NY med might start in Q3 this year and NJ rec might start in Q4 this year. There are other catalysts/expansions/closures of acquisitions that are coming in the next few quarters as well in addition to the seasonality benefits of Q2/Q3.
But my main point here is that from the moment that NY begins medical weed sales, each and every quarter up until maybe 2024 will be a fairly significant ramp up between NY (med and eventually rec) and NJ rec. I think weed investors are forgetting the thesis here and all of a sudden two straight quarters of 7-12% growth for the big boys doesn't look so hot (and also worth mentioning that doing 10% growth on 200m is a lot harder than doing 10% on 50m like they used to do). Plus perhaps folks are getting clouded by the legislative failures.. But that's not part of the thesis for me. Anyway growth isn't linear. It's going to get big again in the latter half of this year and into 2022.
Green Thumb, Columbia Care and Curaleaf will benefit most from NY/NJ.
/Positions on some
So we've got the two flattest quarters out of the way in Q4 2020 and Q1 2021. I am hearing that NY med might start in Q3 this year and NJ rec might start in Q4 this year. There are other catalysts/expansions/closures of acquisitions that are coming in the next few quarters as well in addition to the seasonality benefits of Q2/Q3.
But my main point here is that from the moment that NY begins medical weed sales, each and every quarter up until maybe 2024 will be a fairly significant ramp up between NY (med and eventually rec) and NJ rec. I think weed investors are forgetting the thesis here and all of a sudden two straight quarters of 7-12% growth for the big boys doesn't look so hot (and also worth mentioning that doing 10% growth on 200m is a lot harder than doing 10% on 50m like they used to do). Plus perhaps folks are getting clouded by the legislative failures.. But that's not part of the thesis for me. Anyway growth isn't linear. It's going to get big again in the latter half of this year and into 2022.
Green Thumb, Columbia Care and Curaleaf will benefit most from NY/NJ.
/Positions on some
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Preston
MBow30 alt account
Yeah. Fair question as to whether or not it's worth holding in the meantime but I don't have any doubts that we're going to see some fireworks in the sector real soon. We saw what happened when Illinois went rec legal.. NJ alone might be even more explosive. Illinois already had a robust medical program whereas in NJ and NY we're basically starting from fucking scratch. It's hard to comprehend the opportunity ahead. Even I sometimes forget because of natural psychological/sentiment cycles.