Talking Cannabis Stocks
Sitting down for a chat with the owner of MJ Stock Trader
Tweets by stock_mj
https://mjstocktrader.com/
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Love this video. It was good to see you explain everything so simply. I liked how he asked questions every new TA trader wonders and it was good to see you explain it . Overall very helpful!!!
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Cannabis is still a long way from being a huge profitable industry. Im looking at companies that can use cannabis and psychedelics to improve mental health issues. One of these is FSD Pharma ($HUGE).Worth looking into it.
Being raised as a practical trader when it comes to making money online, it’s always wise to take advantage of every market we find ourselves and make the best earnings out of it. For a good reason bitcoin has been successful for me so far because i’m being guided daily by a pro trader known as Rowan Jaxon with his accurate signals (trade predictions)
Could have swear you guys were talking about HEXO lol
The problem with Cannabis is that legalization doesn’t create many more consumers. Without the proper initial set-up and industry research, it leads to market saturation through product supply. We’ve seen this in both Canada, and Oregon. The prices have cratered, and many businesses have suffered or gone under because of it. Also, taxation is a huge problem. This sustains the black market in may ways. if you can go to your "friend" and get a similar quality product for the same or cheaper bc store taxes are so exuberant, then why would you continue to shop at a dispensary? These issues will continue to plague this industry for some time, and the stock returns will suffer for it along the way. Once these issues get smoothed out, and the industry normalizes (likely through widespread, federal legalization) then we can really rely on both technical and fundamentals to really show the winners in the industry.
You break down TA and the MJ sector so clearly. 6 months ago I was like Mike looking at fundamentals, listening to tipsters and just basic range trading. Still very early days for me with TA but after watching your content every day, I owe a lot of the novice ability and increased self-reliance I have to your commitment to share your knowledge so freely. π
Sitting down for a chat with the owner of MJ Stock Trader
https://twitter.com/stock_mj
https://mjstocktrader.com/
Omg Yesss!!!!
This was so good..Thanks for posting..ππ»
Dan the freaking Man
I draw lines on my charts based on Bullish order blocks and bearish order blocks in crypto , so far so good the charts donβt lie.
Dan where did you get that beautiful Bull piece at!?
Great chat. I have capital waiting and just easing in.
Long term MJ bulls!
Investing in the cannabis industry is a good bet. Estimates foresee that only in the United States it could move up to 30 billion in 2025.
And I believe that betting on brands that have a low purchase price, such as FSD Pharma, can be favorable for our investments.
Great content as usual. <3
CL has eye balls out of Canada.Still have most my March lows.Tell your pal there to avoid 2nd tier plays.Go big or go home on the OTC
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Thanks