Quinlash, all your ‘Dollar cost averaging strategy' got you was to pile more and more cash into your failed investments in Newstrike, Hexo and Zenabis.
And while you supposedly held long as these stocks dropped to near zero levels - you were missing opportunities in other investments that would have made you money.
Warren Buffet - who you incorrectly quote - actually yells amateur, uninformed investors to NOT use this strategy - especially on volatile meme stocks. What he suggested the strategy was for was things like RRSPs where you contract bite the same amount every two weeks.
Zenabis declared bankruptcy - you lost every penny you wasted, Gexo was down to .15 cents a share, you lost 99% of what you 'dollar cost averaged' into it. All you got was a lower average, but to get that - you had to waste more and cash in the dead money investment.
Investors can invest however they like - but please don't try this failed strategy that quinlash supposedly uses, especially in the volatile cannabis sector - you simply can't win with it here.
Post by
quinlashon Apr 09, 2024 3:04pm 
56 Views
Post# 35979658
RE:RE:You can see that Day Traders want to buy much lower th
You are a day-trader / swingtrader who is attempting to trade in both directions with a combination of short shares and long shares, it's painfully obvious based on your post history.
I am not here to tell you if you are right or wrong nor to tell you what the price will be in an hour or where it will be next week or next month.
I believe in Cannabis being a winner, especially when more progress is seen with progressing Cannabis Legalization in the US. When I trade I use extended timeperiods and a Dollar Cost Averaging strategywhere I maintain my averages well below where the fundamental prices say a stock should be trading at.
If you opt to sell short below those levels as well as below my running dollar cost average then, on those days, I may in fact be the buyer of your shares.
Knock yourself out, day-trade, swing-trader, do as you please, it is a free market. Just keep in mind that some go fishing for larger rewards than just a few pennies or points and they are willing to patiently wait for such rewards