Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Canopy Growth Corp T.WEED

Alternate Symbol(s):  T.WEED.DB | CGC

Canopy Growth Corporation is a cannabis company. It delivers innovative products with a focus on premium and mainstream cannabis brands, including Doja, 7ACRES, Tweed, and Deep Space, in addition to category-defining vaporizer technology made in Germany by Storz & Bickel. The principal activities of the Company are the production, distribution and sale of a diverse range of cannabis and cannabinoid-based products for both adult-use and medical purposes under a portfolio of distinct brands in Canada. Its Canada cannabis segment includes the production, distribution, and sale of a range of cannabis, hemp, and cannabis related products in Canada. International markets cannabis segment includes the production, distribution, and sale of a range of cannabis and hemp products internationally. Storz & Bickel segment includes the production, distribution, and sale of vaporizers. This Works segment includes the production, distribution and sale of beauty, skincare, wellness and sleep products.


TSX:WEED - Post by User

Comment by quinlashon Sep 01, 2023 12:40pm
142 Views
Post# 35616224

RE:NOTE TO SELF

RE:NOTE TO SELFWhat you are venturing into is called "Dollar Cost Average Trading".  It's mostly focused on partial buys going in and partial sell orders going out.  Your task is to set the buy and sell targets and determine what sharecount you wish to hold at what "Dollar Cost Average Per Share". 

One very simple example of this is selling 1/2 of your shares once you are at a 100% gain.  The result is that you have 1/2 the shares but your "real money" in play is now actually ZERO (so all risk is removed) while you still retain shares in the stock.

I do not believe many realize that, as part of a Dollar Cost Average Strategy, you can buy "Blocks of Shares" and trade those as individual investments within the same porfolio.  When "Trading in Blocks" you can sell some shares just to pull the money out that is cost to purchase "The Block" and retain profits as "Free Shares" which again contribute to a overall lower "Dollar Cost Average Per Share" than where you started.

The above noted "Block Trading Strategy" is actually a big part of how I have survived and profited in even the most challenging of markets.  The price just needs to change "enough" over relatively short periods of time in order to accumulate a decent sized position with a relatively low Dollar Cost Average Per share or (ultimately) a Dollar Cost Average Per Share of -> Zero.

You can mock up some pretty clever spreadsheets in Excel to run scenarios with or to view the outcome of potential trades prior to executing them, I find this VERY helpful when opting to buy a dip or rebalance the position for a longer term hold and much better prices.

If you are lacking a spreadsheet you can Google "Open Source Free Download Excel Spreadsheet" to find at least 2 decent versions of the s/w out there for free.  I have loaded these open source versions on friends computers in the past and they work well. The downside is that they lack some of the nicer formatting of Excel and things like conditional formatting and data validations features (pick lists) are not supported, or not supported in the same manner, as the original MS Excel.


Best of Luck with it all.

Q


<< Previous
Bullboard Posts
Next >>