RE:RE:sad trade todayI sure hope you are reading a chart on the 1 and five minute time frames.
I sure hope you know how to trade support and resistance ( today's low is a support.) Without any doubt, TLRY will drop to today's low, perhaps even tomorrow.
I sure hope you are using a 10,30,50, 100 day moving average.
And I hope you understsnd the MACD and RSI indicators.
If you don't understand or use any of the above, you are a gambler---making decisions based on chance.
And, like 95% of people who daytrade or trade at all, you will likely become a bagholder or lose it all.
Mark my word, TLRY is moving way below today's low in the coming weeks.
WHy???
1) The stock is overvalued in relation to EPS and PE
2.) Market sentiment is bearish, lots of shorting, like today. It's just a game.
3.) Most expect the DOW, Nasdaq, S&P500 to correct.
4.) Earning will likely be underwhelming for TLRY/APHA in late July...
Trading pot stocks is like gambling at the casino.
Wacko Jacko volatility.