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Hey Nerds: Blockchain

MindzEye said:
I do a scan of my MJ watchlist (which is pretty extensive) at close every day, and check my google news alerts, the forums, etc just to get the pulse of how the day went and jesus **** today was grim. There were more companies that shed 10% or more than not and the only company on my watchlist that was in the green today was Cannaccord.

This is pure cloud reading, but I think the driver is panicked retail money running out of the space, that was spooked by the big boys triggering stop losses in interesting places. Institutional money wants in, but they don't want to pay post parabolic rates, they want in on the floor.

Scare the herd, make it stampede, and then gorge.

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I think some of that new money blew up their crypto accounts as well. Judging by the forums, the FOMO crowd got heavy in both sectors chasing easy money.

Among my pot stocks, I had just one positive ticker --- ENW --- up 10% (they provide industrial-scale dehydration fro cannabis flower).
 
Iknowenuff said:
Be careful with options man.
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I blew my options account 10 yrs ago. But I've put the scars to good use. It's mostly a matter of position sizing and strict risk management. My win rate is only 40% but my winners are bigger than my losers by a fair margin, so it's been a good 3-4 years.

When it comes to pot stocks, almost all the tickers are options. Many of the names will go to zero when the capital markets dry up (think pets.com). But some will turn into mini Amazons
 
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I bought a lot of ecez today. A pos penny. Average @ ..027. Lets see how it does in the morning Habsy. Hoping for 20% tomorrow morning
 
Re: Hey Nerds: Blockchain
I bought a lot of ecez today. A pos penny. Average @ ..027. Lets see how it does in the morning Habsy. Hoping for 20% tomorro
 
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Habsy said:
Give us one tip, I'll throw a few grand at it just to test your abilities.
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sold out today in mid .04's, made 3500, will provide evidence of buys and sells Habsy, just this once if you require it. I will trade your acct, I take a generous %. I only do it for family friends.

remember in the USA, you poor folks need to have at least 25k in a margin account for me to do my thing. In Canada, I can do it with any amount, even 500 bucks. Brutal, but it is the way it is.

It did more than 50% not 20% by the way I was out in the first three minutes. I don't hang around for long in these things.
 
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Iknowenuff said:
sold out today in mid .04's, made 3500, will provide evidence of buys and sells Habsy, just this once if you require it. I will trade your acct, I take a generous %. I only do it for family friends.

remember in the USA, you poor folks need to have at least 25k in a margin account for me to do my thing. In Canada, I can do it with any amount, even 500 bucks. Brutal, but it is the way it is.

It did more than 50% not 20% by the way I was out in the first three minutes. I don't hang around for long in these things.
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well done! question: what is your exit strategy with a 3 cent stock if things go south?
 
On the plus side I'm already +$5000 or so from credit card churning this year. Zero risk and free money. Basically can pull in 15-20k annually with ease.
 
Aberdeen said:
Oh weed

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We're at the levels we were at before the Christmas run, so I'm hoping this is damn close to the floor because yeah...this is getting ****ing ridiculous. I have the cash to be patient, which is nice, but even I'm starting to develop a tension headache that won't **** off from all of it.

We're rolling into oversold territory now. An over correction.
 
MindzEye said:
We're at the levels we were at before the Christmas run, so I'm hoping this is damn close to the floor because yeah...this is getting ****ing ridiculous. I have the cash to be patient, which is nice, but even I'm starting to develop a tension headache that won't **** off from all of it.

We're rolling into oversold territory now. An over correction.
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It doesn't help that the overall US markets are finally correcting. It's been on an upward grind forever. Bonds getting crushed (on rising rates) and taking equities with them
 
CH1 said:
It doesn't help that the overall US markets are finally correcting. It's been on an upward grind forever. Bonds getting crushed (on rising rates) and taking equities with them
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Yeah, the timing is ****ing lovely.
 
You guys are brave.

You might all be millionaire at the end of this but I'm very happy to stick to cash and wait for a 70k a year pension. This whole thing seems stressful.
 
Altair said:
You guys are brave.

You might all be millionaire at the end of this but I'm very happy to stick to cash and wait for a 70k a year pension. This whole thing seems stressful.
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That was always my plan until Shell sold us and now we don’t have a real straight out pension plan,(Shell’s was awesome).
 
Altair said:
You guys are brave.

You might all be millionaire at the end of this but I'm very happy to stick to cash and wait for a 70k a year pension. This whole thing seems stressful.
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I've also been selling SPY all day. These massive daily corrections are draining but also very fun. We haven't had one in a long time.
 
HabsFan1 said:
That was always my plan until Shell sold us and now we don’t have a real straight out pension plan,(Shell’s was awesome).
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Unless the Government of Canada collapses or somehow changes the pension plan, I'm going to be making 80 percent of my best 5 years.

Sergeants make around 90k a year.

Wife and her pension should get us to around 100K, cash and real estate, maybe 115k. Hope that's enough to get by on in 30 years.
 
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