RE:RE:RE:RE:RE:i cashed out all MJ shares .Oh.. sorry, I misunderstood, so you are making a daytrade with your entire position, ok. Yes, that can work at times but I invest longterm so I never sell off everything.
My preference is to hold a block of shares then keep a seperate small block of cash that i put in and pull out to collect additional shares. I got caught a few times selling all my shares, then missing the buy and having to buy back close to, or over, my sell price.. frustrating as old hell so I stopped trading everything at once.
The alternative play is to load shares into a margin account and try to benefit from the movements in both directions. Personally I ran the numbers and I would need to grab more shares than I am willing to play with in order to make that trade worthwhile with my own high/low targets vs. the risk of trade and reward of pulling it off.
I'm old and avoid that risk, the younger traders have the advantage of time for those trades.
All the best
Q
Danf88 wrote: sure theres no average because i dont hold the shares anymore but you get what i mean . youll buy back in at a lower average than what you had essentially the same thing
as for taxes it will not only effect consumer itll effect the company profits . taxes on cannabis we know will be %8 for 3 years as per more act . the cost increase could offset but its not only mj companies im talking every secotor and business