3 Reasons Beginner Traders Should Avoid WEED Penny Stocks
3 Reasons Beginner Traders Should Avoid WEED Penny Stocks
Due to the trending topic of “weed stocks” here are 3 reasons beginner traders should avoid weed penny stocks!
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It really bothers me how ricky puts quotation marks around every other word in the vid wtf
I agree with staying away from Over The Counter cannabis penny stocks. I’ve played these for awhile. He is correct. Only play Cannabis Stocks on the NASDAQ Exchange! Cannabis companies listed on the NASDAQ are well invested with smaller takeovers and beverage companies. Like Consolidated Beverages investing and Pepsi and Coca-Cola looking to get into investing with cannabis. Invest into NASDAQ listed WEED STOCKS!! I agree with what he’s saying. Get into it now!
Hey bro I’m from India can I also invest in your market through *RobinHood* ?
Is the squeeze worth the juice? TILRAY or nah
These stocks will jump in 2022, so it’s a huge taxable income for the government, and the feds regulate the whole thing. Ive already made over $350 on CGC and ACB.
Some help please
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🙂
Pump and dumps are really risky for new traders. Even if you are showing unrealized gain, you can still lose in the rabid sell-off immediately after a positive correction, for say a change in politics. The CBD beverage pump and dump of IGC and NBEV still burns in my mind how pump and dump can turn an apparent winner into a big loss. TLRY is great example too. Stocks like that may be better as very small positions with very generous stop loss and healthy skepticism of their long term value, like Ricky is nailing it.
Thumbs up for the dingleberry joke !
Huge reason for the move today, “huge” Secondly, what weed stock is a penny stock?
I lost 50% of my account back in Oct….it was only $50 lucky me. Learned my lesson on the pump & dump early in my career. Good information, keep the videos coming….maybe one over indicator studies: WeaknessInAStrongTrend…..I find it easier to analyze.
Great advice
As a trader and teacher I can respect the video. Good advice Rickey. 🙂
RIcky is correct in one aspect of this video…and that is the day trading tech side of it. Weed stock can be day traded and money can be made. But weed stock at this point should be looked at in a fundamental aspect for the long term. You can not compare the 2 giants ACB and CGC to just about anyone else in the weed stock. These companies have good foundations and are long term….6 months to 5 year holds…maybe even longer.
great video
Ricky can you please talk bout BINARY OPTION TRADING PLEASE!!
Oh shit…. just bought ACB this morning HAHAHAHA
At least it isn’t a weed penny stock, and I’m up.
Haha i think he is flippin coins in these on the lowdown ha. I personally think his channel is a market manipulation all together ha you buy when he buys and you sell when he sells… He knows ur pumpin ur portions every morning dont be stupid folks..
These pot stocks are pumped up then they got dumped.
The challenge is what constitutes a “beginner trader”? If you work your way through Ricky’s voluminous content, then paper trade until you have a threshold win/loss ratio (with proper risk management even losing 60% of your trades is, over time, surprising profitable), there is NO WAY you’re a beginner trader. You just see the charts differently than when the noob you started out. It’s weird. It’s like your vision somehow changes. You see things on charts MUCH more clearly and can easily balance that with educated cynicism. That’s a fabulous combination. You become a warrior. The point is, if you go through the trudge of learning, and paper practicing, the standard techniques (e.g. Ricky’s approach which works reasonably well), allow profiting, sometimes handsomely, from cannabis equities as they are basically just like any other equity albeit with a rougher signal-to-noise ratio and typically faster velocities (Stops people…STOPS!). Do the upfront work, then have some fun with your ‘new eyes’.
why is ricky naked in this video?
and how is noone talking about this? wtf
Can you cover CRESO PHARMA in a video? I`m trying to figure out if its good or not.
TLRY pattern same like bitcoin pattern . what ricky mention is newbie traders should avoid this because hi manipulation , same like crypto space alot newbie trade got rekt on bitmex . but as long u know what u doing and with proper risk management thats fine . btw nice sharing ricky 👍
thank you, Ricky, for the precious advice.
I was a new investor who made 5000 dollars over the course of 2 months….and then i lost 3000 in about 2 days after the legalization lmao,
I wish I had seen this a few days ago….
Dude great info , pump and dump , people love the fomo
Didn’t cannabis stocks shoot up after Jeff Sessions got fired
Differentiate from a MJ penny stock and a MJ stock that is not a penny stock, they are all not penny stocks. You can’t refer to the MJ market as a pump and dump….RIGHT? Some directly follow SPY. This is typical youtube click bait, RIGHT? Nothing more, nothing less, RIGHT? If you disagree then that’s fine, it’s just a general statement just like saying MJ is pumpndump. Bordering on numerous preachings against subjugation, which is not done here….supposedly. Much more noteworthy when the guidance is focused more on this is a different type of market that LPP does not focus on. Simple as that…….RIGHT? Just guide others to other speakers that focus on the MJ market and this is just not a focus for your channel (ryhmes with cartguys but think of charts). RIGHT?
Which link is for the trade group?
See what I’m confused about though is that sense weed is becoming more widely legal won’t weed stocks just keep going up? Is it possible to invest in a weed stock for a long term? I’ve just opened an E*TRADE account and I’m trying to learn more about trading so excuse my ignorance. Also what is paper trading? And I thought pump and dump was a thing only in the wolf of wall street 😂
I agree with it I just turned 18 three weeks ago and started trading stocks because of Ricky. I did make 300 dollars today off of TLRY but I got into it because of the hype around it. I was lucky I made money on it today.
O yeah
I am a beginner. Lol
I wish you made this video yesterday. Lost 200 on cgc today. Discouraged me from trading, but I am re watching LPP.
Buy weed stock just put a stop loss and wait for a good signal to enter!! just like any other stock.
trading and actually buying the stock to hold is very different. im a forex trader mainly but end of the day if you have you risk managed and you have a setup that follows your strategy it should not matter what asset class or product you are trading.
So maybe I’m wrong I’m a very new trader but I thought the weed stocks were a sound investment because democrats just won the house and the possibility for weed to be legalized is higher than ever. And while I personally don’t support this from a trader standpoint I saw this as money to make that isn’t a huge risk
Thank you ricky!
5:39 Best part of the video.
Just like any stock risk management is important.. the cannabis industry IS rising tho .. because it’s being legalized in alot of places . Penny stocks i discourage cannabis stocks i won’t discourage.. its the same homework you have to do if you triage , DGAZ, JNUG etc etc …
Weed stocks is what got me interested in trading to begin with. Since I started trading a few months ago I’ve invested primarily in weed stocks and come out ahead. Mostly all Canada based companies. I’ve averaged pretty much a 7% return. It’s a hot market and from what I can tell, when swing trading, what you want it is a hot market otherwise the stock tends to sit there. And right now weed stocks are hot.
I agree, weed stocks are a complete fad right now, it’s like bitcoin where everyone sees value and says its gonna shoot to the moon but eventually it will fall. And weed stocks are risky you dont really know what will happen
Im a long term investor so I disagree
Ive lost 1500 over the past 6 months in "weed" stocks.
u had me at it’s a bad idea for beginners
Dont get caught up in FOLO when it comes to using your money for investing.
did you become rich because of the stock market?
i really needed to hear this…thank u ricky. i actually broke even today with cgc
i really want to learn Trading!
Facts…i used a virtual investment app to invest in cannopy and my investment just kept falling 😂
Its common sense tho because weed companies in america cannot legally bank thier cash!
If i could invest in canadas weed industry…it would be great
I usually invest in companies that i use….like Take two interactive..(Rockstar Games)
Ive always came up 25% with them
I cover the Cannabis market daily and this is great advice!!