The fucking stock market for pot
- Thread starter backtracker
- Start date
a senile fungus
Well-Known Member
I thought winter vacation was over and that all of the kiddies had returned to school... Damn.
tyler.durden
Well-Known Member
srh88
Well-Known Member
You should make a thread here in TNT... "Worst advice in the grow sections"
That could be entertaining and keep us from having to troll the grow.
A.K.A. Overgrowem
Well-Known Member
I have used Scott. At that time their platform was like, impossible and they did not trade stocks under $1. Do you like the platform? Do they trade stocks under one cent now?
Gu~
Well-Known Member
Howdy Y'all
Been doing a lot of trading lately and there are a few pieces of information that I'd like to share.
Ditch those $ per trade websites and find a zero commission software, there are a few out there but with a smartphone I highly suggest the Robinhood app. It's commission free and very easy to use, kind of basic on the functionality but for beginners I think there is no better tool.
I made around 600 trades last year that cost me $0.00 to execute. On a platform like Scott Trader or Optionshouse that could run you a smooth $6,000.00 essentially eliminating any profits for the majority of us. The free trading apps are key.
Second, I want to talk about the Cannabis stocks. I know how easy it can be to gang up on people but bryan's comment about penny stocks is true. Right now cannabis stocks are penny stocks and the only people making money on penny stocks are the commission based trading websites. If you want to play a cannabis stock directly I'd wait until they breach the $5 line. Until then, I recommend investing in stocks that are indirectly tied to the cannabis market.
The Scotts Miracle-Gro Company (SMG) is a great play for a cannabis stock with it's recent buyouts of many big name products that you see every time you visit your local grow store (including Botanicare). Just in the last 6 months I've watched SMG gain 45% with all the canna focused acquisitions they have been doing. Big upward momentum for SMG with more states opening up legitimate cannabis markets.
Been doing a lot of trading lately and there are a few pieces of information that I'd like to share.
Ditch those $ per trade websites and find a zero commission software, there are a few out there but with a smartphone I highly suggest the Robinhood app. It's commission free and very easy to use, kind of basic on the functionality but for beginners I think there is no better tool.
I made around 600 trades last year that cost me $0.00 to execute. On a platform like Scott Trader or Optionshouse that could run you a smooth $6,000.00 essentially eliminating any profits for the majority of us. The free trading apps are key.
Second, I want to talk about the Cannabis stocks. I know how easy it can be to gang up on people but bryan's comment about penny stocks is true. Right now cannabis stocks are penny stocks and the only people making money on penny stocks are the commission based trading websites. If you want to play a cannabis stock directly I'd wait until they breach the $5 line. Until then, I recommend investing in stocks that are indirectly tied to the cannabis market.
The Scotts Miracle-Gro Company (SMG) is a great play for a cannabis stock with it's recent buyouts of many big name products that you see every time you visit your local grow store (including Botanicare). Just in the last 6 months I've watched SMG gain 45% with all the canna focused acquisitions they have been doing. Big upward momentum for SMG with more states opening up legitimate cannabis markets.
Bob Zmuda
Well-Known Member
tyler.durden
Well-Known Member
Didn't Brian O'Connor die in a fiery car crash??? RIP, bro...
Dr. Who
Well-Known Member
I'm moving away from Scott NOW!
THANK YOU! Gu!
And he's right about the one's to look at.....
Gu~
Well-Known Member
Don't mention it, let me know what you think of that Robinhood app