Post by
MillionsMan on Nov 18, 2017 12:35am
‘You’re going to lose all of your money’
https://www.thestar.com/business/2017/11/17/6-reasons-an-investment-in-the-pot-industry-will-likely-go-up-in-smoke-olive.html
https://www.bnn.ca/you-re-going-to-lose-all-of-your-money-money-manager-warns-against-investing-in-cannabis-1.918365
https://www.stockhouse.com/opinion/tickertrax/insights/2015/11/06/tread-carefully-with-marijuana-stocks
Comment by
Chrysanthalas on Nov 18, 2017 9:47am
Some valid arguments are being made. However I am long and with some careful investing choices have doubled my tfsa and rrsp in the last 3 months. Is there risk? Oh yah. Is there money to be made? Oh yah! GLTA
Comment by
DoobieNewby on Nov 18, 2017 10:54am
MinionMan seems to have forgot a key point. HEMP is not marijuanna. Related yes, but not the same. Your arguements for avoiding marijuanna stocks are completely irrellevant here. It makes me curious what your motivation is here. My assumption is that you are trying to make yourself feel better after being butt-stung by a bad MJ play. Is this so?
Comment by
MillionsMan on Nov 19, 2017 4:26pm
If you don't take profits on a parabolic surge then you're doing it wrong.
Comment by
Alltime on Nov 19, 2017 9:17pm
Taking profits is good unless there is another surge and you get left behind.It really depends on the stock you are in. I have taking profits in the past and if I wouldnt have taking the profits well lets just put it this way. I would likely be retired now. So each to their own. Because you can loose tons of profit by leaving it on the table. Peace
Comment by
DoobieNewby on Nov 20, 2017 10:59am
Says you. I set my target sell price back in May when I bought in with the expectation of sitting on it much longer than a couple of months. In my trading plan if you are letting little surges shake you out of a trade you are doing it wrong.