nicolas wrote: ↑Fri Dec 09, 2022 8:12 pm
Nobody's talking about cannabis stocks here.
For me, the question is timing, which I think will depend on U.S. regulations. Cannabis looks like it's based nicely in Stage 1, but when will it enter Stage 2? Next year? Or '24+? Hard to say, although I suspect the former.
I've got a long-term position in a Canadian pot etf that I've been holding for years. I know it'll come good at some point ...
Buy Fear, Sell Euphoria. The Neonatal Calf undergoes an agonizing birthing, while the Bear falls into hibernation.
nicolas wrote: ↑Fri Dec 09, 2022 8:12 pm
Nobody's talking about cannabis stocks here.
Seems like nobody's talking about cannabis stocks, period:
Picked up some juicy premiums selling puts today:
- filled at 0.26 for a $2.5 Put on CGC 42 days out
- filled at 0.25 for a $3 Put on TLRY, same expiration
I'll let MJ and SNDL come to me.
Usually that is a good sign, when people talk about things too much it tends to indicate a short term top. Perhpas the crypto market is being taken down to pave way for the marijuana market, there are companies that are making money but are getting whacked. I have a holder position. I am just going to let it preculate whenever I can I will sell puts or covered calls.
When the words short term appear under any post; the same conditions listed in the Market update under the short term category apply
The end is always near; its the beginning and how you live each moment that counts the most
Looks like they have moved into the 2 steps backwards for every step forward, from the 2 steps forward for every 1 step backward mode. My short term charts were trading in the overbought ranges for almost two weeks, so me thinks the current seesaw action while quite violent was to be expected. Now if I had only purchased a 4X more SHORT ETFs for a short term swing trade all would be fine. Well maybe next time. Hindsight is fantastic, now i need to work on foresight
Next week should be telling
If you don't fight today, someone will knock you out tomorrow
outof thebox wrote: ↑Fri Dec 16, 2022 7:15 pm
Looks like they have moved into the 2 steps backwards for every step forward, from the 2 steps forward for every 1 step backward mode. My short term charts were trading in the overbought ranges for almost two weeks, so me thinks the current seesaw action while quite violent was to be expected. Now if I had only purchased a 4X more SHORT ETFs for a short term swing trade all would be fine. Well maybe next time. Hindsight is fantastic, now i need to work on foresight
Next week should be telling
I hear ya. This week was tough from a ST standpoint. Violent swings. I should of taken the AM CPI gains earlier in the week and gone back to bed.
outof thebox wrote: ↑Fri Dec 16, 2022 7:15 pm
Looks like they have moved into the 2 steps backwards for every step forward, from the 2 steps forward for every 1 step backward mode. My short term charts were trading in the overbought ranges for almost two weeks, so me thinks the current seesaw action while quite violent was to be expected. Now if I had only purchased a 4X more SHORT ETFs for a short term swing trade all would be fine. Well maybe next time. Hindsight is fantastic, now i need to work on foresight
Next week should be telling
Yeah disappointed that I don't have a crystal ball or I know I could have made lots of great trades on the 1 minute charts!
The person without the Spirit does not accept the things that come from the Spirit of God but considers them foolishness, and cannot understand them because they are discerned only through the Spirit.
outof thebox wrote: ↑Fri Dec 16, 2022 7:15 pm
Looks like they have moved into the 2 steps backwards for every step forward, from the 2 steps forward for every 1 step backward mode. My short term charts were trading in the overbought ranges for almost two weeks, so me thinks the current seesaw action while quite violent was to be expected. Now if I had only purchased a 4X more SHORT ETFs for a short term swing trade all would be fine. Well maybe next time. Hindsight is fantastic, now i need to work on foresight
Next week should be telling
Yeah disappointed that I don't have a crystal ball or I know I could have made lots of great trades on the 1 minute charts!
The ST trades give us something to chatter about. The LT holds are like watching paint dry.
outof thebox wrote: ↑Fri Dec 16, 2022 7:15 pm
Looks like they have moved into the 2 steps backwards for every step forward, from the 2 steps forward for every 1 step backward mode. My short term charts were trading in the overbought ranges for almost two weeks, so me thinks the current seesaw action while quite violent was to be expected. Now if I had only purchased a 4X more SHORT ETFs for a short term swing trade all would be fine. Well maybe next time. Hindsight is fantastic, now i need to work on foresight
Next week should be telling
Yeah disappointed that I don't have a crystal ball or I know I could have made lots of great trades on the 1 minute charts!
The ST trades give us something to chatter about. The LT holds are like watching paint dry.
I would suggest we don't watch the paint dry, best to go and do something else, note to self!
The person without the Spirit does not accept the things that come from the Spirit of God but considers them foolishness, and cannot understand them because they are discerned only through the Spirit.
Yeah disappointed that I don't have a crystal ball or I know I could have made lots of great trades on the 1 minute charts!
The ST trades give us something to chatter about. The LT holds are like watching paint dry.
I would suggest we don't watch the paint dry, best to go and do something else, note to self!
I will be off riding horses and hiking starting tomorrow at a dude ranch in AZ. We do it every year as a family, and it is very relaxing. My ST portfolio will not get much action. I think this next week will tell us a lot.
