In 2016-2017 I traded Cannabis stocks. Specifically Canadian MJ Stocks. I learned more in that one Year of trading then any other in my life. Between dilution, partnerships, soaring prices to more dilution, to Global expansion and eventually ending with the Golden Rule...Buy on the Rumor sell on the News
My Return for the year was 380% Just Sayin.... :-)
I note the Golden Rule for 2 reasons...
First it had been announced that Canada would become the first Major Country to Legalize Recreational MJ on a Federal Level. And was looking to do so by Oct I believe it was
10-2017. There were some hurdles but through partnerships and the coming legalization the Sector Soared. First Day of Legalization the sector tanked and has been trading low since. I love APHA because they are one of the Few that have managed to Turn Consistant Profits. But with Biden in the lead for our next President cannabis will soar.
I think your good here with APHA, Canopy Growth, HEXO, and maybe even ACB just because stocks move in sectors. The run has begun, looking for long calls 1 week to 1 month out
BUT.....Remember the GOLDEN RULE, Buy on the Rumor sell on the News....which means you want to be out by the time or before the New President is announced.
GLTA
My Return for the year was 380% Just Sayin.... :-)
I note the Golden Rule for 2 reasons...
First it had been announced that Canada would become the first Major Country to Legalize Recreational MJ on a Federal Level. And was looking to do so by Oct I believe it was
10-2017. There were some hurdles but through partnerships and the coming legalization the Sector Soared. First Day of Legalization the sector tanked and has been trading low since. I love APHA because they are one of the Few that have managed to Turn Consistant Profits. But with Biden in the lead for our next President cannabis will soar.
I think your good here with APHA, Canopy Growth, HEXO, and maybe even ACB just because stocks move in sectors. The run has begun, looking for long calls 1 week to 1 month out
BUT.....Remember the GOLDEN RULE, Buy on the Rumor sell on the News....which means you want to be out by the time or before the New President is announced.
GLTA