Aphria Inc. APHA

Stock trading/investing 101

[Ghostinthedark]

Every day, look at the chart for APHA or any other stock you are holding.

To see the chart for APHA, go to investing.com.. Then type in Aphria'a Stock symbol.

The go to the bottom, press charts.

You will see the chart for APHA...

Assuming you are going long and holding until next earnings or for years,

look at the daily time frame, the weekly time frame, and the monthly time frame..

Ask yourself 3 questions while looking at the chart for each time frame:
1. Is the share price for aphra moving in an uptrend, meaning a higher low and higher high sp for the time frame?

2. Is the share price moving downward, meaning lower lows and lower high for the time frame?

3. Or is APHA's sp trading sideways---in a range, not in an uptrend or a downtrend, but sideways. The low of the range is called support and the high of the range is called resisrance.

There are two popular ways to buy and go long..

1. Trade the trend either bullish or bearish

2. Trade the range. Buy at support and go long, sell near resistance.

Be aware that 90% of the time stocks trade in a range or between support and resistance...

Now, suppose you are a new investor or want to add to your position, you just don't buy at any price like most bagholders and retailers.

You look at a chart on the daily, weekly, monthly time frame, make sure the stock like APHA is trending upward or in a range...

Then you buy the f---king shares..

The problem is that most blow hards just buy at any price without looking at a chart. I have read many posts of guys who are buying with the intention of holding,  and going long when the stock is in a downtrend...

WTF!!!! Why would you do this??? Chances are the share price is going lower. So you have bought shares and are now a f---king bagholder.

Learn the basics of charts!!

[BigJohnStud]

lostincharts your charts said it was going to 5.85 cdn and you were a buyer. then it shot up well over 7.50 and you didn't make money like the rest of us. I sold and made money, you were standing by the sidelines preaching your ability to read a chart lol.

[IrishCanuck]

This does not apply to MJ stocks as they are not established enough. You are correct for utilities, banks and other established companies. This does not apply to new industries and volatile stocks

[Danorrn]

Its funny how people talk about charts as if they actually read them. The weekly and monthly chart shows apha on an uptrend. The daily had me guessing because the smio and the MACD while still positive were showing a slight dip and we were in overbought territory so i thought there was a chance to go down. It dipped for sure but now up we go. Yes the charts work for all sectors but without using