Lets talk stocks

bud nugbong said:

I don't think you grasp the idea of economics...or what im trying to say. what do you mean Untill the price is 10$ an oz.??

Like I said you wont be able to make a living growing bud, but there will be a huge new industry of people who want to grow there own bud. (country folk) and a bunch of people who perhaps want to do it themselves indoors.(city folk). just because the price of bud is sure to drop one day doesn't mean people aren't going to grow it.

Click to expand...

It does mean however that your investment in cannabis related stock will fall.

Like I said, don't get in TOO early.

I don't know harrekin , I would rather be too early than too late. Ive seen a couple stocks I was thinking about getting in take off like a rocket and now I feel like its too late. Im still new to the game, but from what ive seen that's the case. try to get in before shit gets "mainstream" and sit back and watch it grow.

Next buy is coming up , think I might go with a big solar company. or maybe aerospace/defense. all the solars have been taking a dip lately so I think its the time to get in.

heckler73 said:

That is one of the worst things you can let affect your decisions.
Never marry a stock.
There is a reason psychopaths make good traders; they eliminate emotion from their actions.

Which fertilizer company are you thinking about?

Click to expand...

I had to resurrect this one after heckler pointed me this way...I could not agree more BTW ......I haven't read through the pages but i dont intend to.....Imo I would only invest in stocks like I would a savings acct at a Bank....Steady Blue chip slow moving stocks that pay a consistent dividend and have a very low beta.... As for making money for cash flow? I would actively daytrade the futures markt GC,CL,TF,YM,NQ,PA thats it...No more are needed ...Define my risk with with a very explicit rule set that was made to filter me out of more trades then to enter....Ex.....Being taking a long postition only when I have oversold bullish divergence on a RSI @ a Fib Major level With a harmonic patern(double bottom ,inverse head and shoulder).....and yes the proper use of a stop loss along with trailing it..... Thats it right lol....Its soooo easy LMFAO.....Ya better go look in the mirror because you! As yourself are the reason you are not a sccessful trader if you are that unfortunate....BTW I hope they take CNBC off the air eventually along with Cramer......You should hold on to your stocks and be prepared to lose 40%?? Maybe you but not this trader.....Im willing to lose .15cents on a barrell of oil thats a hundred and fifty bucks a barrell.....and when I chose to enter because of my filters my reward is up to 10 times the investment that if im only right 51% of the time in a week I still make money ....good thing my filters keep me in the 65-70% range.....

Thanks for the insight, I was starting to think there weren't many traders in the building. I still consider myself a rookie, been in the game for about a year. In it more for the long term with solid companies. But I am willing to take a risk on some new/ undervalued stocks. especially marijuana related.

Thanks for stopping by. and I used to watch cramer, but I realized he just talks about the companies he has. And after a few weeks its was all the same shit. One thing I have a problem with is timing. I only have the $ for one position at a time, and I usually spend it within the first 2-3 days of it being in there and don't always get a good price. And then the next week ill see one I had my eye on take off. frustrating at times but I think I will start putting in more money less often.

bud nugbong said:

Thanks for the insight, I was starting to think there weren't many traders in the building. I still consider myself a rookie, been in the game for about a year. In it more for the long term with solid companies. But I am willing to take a risk on some new/ undervalued stocks. especially marijuana related.

Thanks for stopping by. and I used to watch cramer, but I realized he just talks about the companies he has. And after a few weeks its was all the same shit. One thing I have a problem with is timing. I only have the $ for one position at a time, and I usually spend it within the first 2-3 days of it being in there and don't always get a good price. And then the next week ill see one I had my eye on take off. frustrating at times but I think I will start putting in more money less often.

Click to expand...

Why?? Futures contracts pay a designated price per tick movement right?CL 1.00=1,000.00......GC......1.00=100.00.......invest in those moves instead use the continuous contract cl ##-## or gc ##-## and try a really good rule set like what is listed above as your entry and you may find your timing issues to be solved? Soo i guess what I'm saying is you can trade oil @ 103.00 a barrel on a margined acct all day make 100$ on a .10 cent move and practice in a sim acct until you build your confidence up by repetition.........IDK i was a options trader when i started and would put Iron butterflies out on the weeklies with my stop in the net credits on thursdays be out on friday mornings and make the market pay me to put on a trade with little to no chance of a loss of capital .....except commisions....i hate commisions

WHODAT@THADOR said:

Why?? Futures contracts pay a designated price per tick movement right?CL 1.00=1,000.00......GC......1.00=100.00.......invest in those moves instead use the continuous contract cl ##-## or gc ##-## and try a really good rule set like what is listed above as your entry and you may find your timing issues to be solved? Soo i guess what I'm saying is you can trade oil @ 103.00 a barrel on a margined acct all day make 100$ on a .10 cent move and practice in a sim acct until you build your confidence up by repetition.........IDK i was a options trader when i started and would put Iron butterflies out on the weeklies with my stop in the net credits on thursdays be out on friday mornings and make the market pay me to put on a trade with little to no chance of a loss of capital .....except commisions....i hate commisions

Click to expand...

Morale of my story I guess is I dont touch stocks as a driver of capital.....THINK of them like a savings acct for your money.....You just want to find the right bank thats were fundamentals come in......Trade futures or forex.....Hell you can buy software that will do the trading for you and run 24/5......ATM(Automated Trading Machine) and they are pretty good they remove your emotional needs from the trade and take the filters you put in for the timeframes you are using ......Lastly use Tick data(# of trades) versus timeframe data.......unless looking @ hourly or 240m charts

thanks for the input pete nejarian lol, Looks like ive got some stuff to look into. Those ATM's seem like a solid investment if they do the work for you.

But as of right now I like to buy nice stocks with dividends. and just collect the dividends and hope they climb the hill. I really got into stocks because bank interest is crap. As long as I can grow my $ more than the BS 1% ill be happy. I will definatly look into futures and forex. thanks whodat

bud nugbong said:

thanks for the input pete nejarian lol, Looks like ive got some stuff to look into. Those ATM's seem like a solid investment if they do the work for you.

But as of right now I like to buy nice stocks with dividends. and just collect the dividends and hope they climb the hill. I really got into stocks because bank interest is crap. As long as I can grow my $ more than the BS 1% ill be happy. I will definatly look into futures and forex. thanks whodat

Click to expand...

Najarian?LOL im not a Scam artist....Thats all they are legal scam artists......As for the 1% F$ck em' too make them pay your bills...I get what you are sayin but be careful in your choices as dividend stocks seem to "Magically" Fall to keep that score even....As a TRADER you cannot be a variable you have to be consistant ......The market the Variable......Ever Really wonder why Cramer has the PAIN PLEASURE EFFECTS? Your Brain registers and REMEMBERS PAIN more then PLEASURE.....Its a natural safety mechanism...And whether you Believe ot or not the market knows that......Example being We trade gold contract and see double bottom at .618 retracement ...We buy in and get stopped out and lose 150.00 Bucks ....You have already forgot the prior day you took the same trade and made 600.00 Bucks The pain of the 150.00 dollar loss blinds you to the next double bottom at 1.272 retracement so you dont enter.....Then Bam you move the 1.272 of the inverse retracement and could have made another 600.00 bucks......Believe it or not the Market knows you feel that way it is a dynamic changing creature that FUNDAMENTALS are a joke too and does not want you to know that consistant trading with a rule set can easily beat it....BTW if I have not lost you the simplicity is this If i took the trade(which I would have) I would have given the market 150.00 to make 1050.00?......FOR my RECORD all a MARKET MAKER is "Is the guy watching the ATM for the company or institution he represents" That is it........You still have to watch em......If you dont believe me check out my gold thesis I posted Sit around and wonder on a Day when the markets are down why was gold to??? Where was the safe haven??And Lastly, Thanks Gold bulls my rent was due next week.....Another example of why fundamentals are really Emotional Garbage that should be treated as such unless you are following GDP/PMI and thats another one of my posts for another day.....Any Challengers Cuz im up for a good debate .....?????

Btw...90% of traders fail because of those very reasons there please do not be one you really dont have to be unless you want to be........And thanx for the welcome BUD

well im sticking with my plan and buying solid companies with decent dividends. went with an aerospace/defense company with 5+% dividends. They seem to do worldy business and whats better than spying and weapons systems and shit like that. war is changing and companies like this are really important and will be for a long time. As long as my money can do better than 1% interest im happy. with the 5% divs I should beat that by a mile.

Speaking of divs, I have stock in hemp and they mentioned giving sock in another company yesterday as a dividend. and since then it has gone up 3700% so I got all exited. well after doing the math, even after the 37X I am only going to get .001$ all together lol. shows how small of a slice ive got. I don't even know if they will give me the shares. we'll see. That's my thenth of a penny!

and damn whodat, I just read through your gold thread. That's just too much for my brain. Ive got epilepsy so I cant handle working my brain like that. all the lingo and numbers get my mind racing and that's not good for me.

Pretty much why I try to "set it and forget it"...when I first started (exactly one year ago) I would stress about it and stuff. but now its just a productive place to put my money and hope for the best. I take some chances like that hemp stock because I have faith in the future. but like I said I try to keep it simple. If I ever lose my job or something I could get deeper into it but not ready to yet.

bud nugbong said:

and damn whodat, I just read through your gold thread. That's just too much for my brain. Ive got epilepsy so I cant handle working my brain like that. all the lingo and numbers get my mind racing and that's not good for me.

Pretty much why I try to "set it and forget it"...when I first started (exactly one year ago) I would stress about it and stuff. but now its just a productive place to put my money and hope for the best. I take some chances like that hemp stock because I have faith in the future. but like I said I try to keep it simple. If I ever lose my job or something I could get deeper into it but not ready to yet.

Click to expand...

What hemp stock? Its not traded on the OCBB is it? I would imagine eventually Hemp would be like wheat and soy beans...Trading as a Agriculture future with a few companies running the show but never more then a 20.00 stock.....Not for a long long time at least.....I never liked stocks for SET it and FORGET it...ETF'S are better suited for that IMHO....But you have to make sure you are not buying one that is triple leveraged.......Double even can be seen as too much since they are leveraged against unknown assets and derivatives of various companies....When the market does come down they will surely be one of the harder hit groups and there is speculation that they may in fact be the next actual cause of a TRUE correction or asset bubble....IDK I would probably stay with my easy to forget etf's.......GLD for gold DFE europe SPY s&p DIA dow QQQ nas...Its hard to stay up on regular etf's as they are always changing companies ya kno.....And I'm sorry to hear about the epilepsy

I don't think its the OCBB, Its in the OTC pink "market" I guess. not in the big leagues yet. Small yet diverse mostly in the hemp and oils market. But Not afraid to get marijuana/medical, bunch of different companies under its belt. I think its got a lot of potential.

bud nugbong said:

I don't think its the OCBB, Its in the OTC pink "market" I guess. not in the big leagues yet. Small yet diverse mostly in the hemp and oils market. But Not afraid to get marijuana/medical, bunch of different companies under its belt. I think its got a lot of potential.

Click to expand...

My bad otcbb is otc or "pinks"......Ugh...Please do yourself the favor with pinks bro and instead go to vegas and put the house on black25....not to be rude thats not my intentions..... The only med stock goin anywhere is GWPH for now and it will probably acquire any other stocks that actually create other useful FDA approved medicines like SALIVEX .....But If I was going to be on otc I would be PATIENT and allow one to break out....Maybe monitor cashflows in on perspective companies?....You catch gold today? Closed below 1300.00 btw 2 days 5 grand a contract....But hows this for set it and forget it this is my trade report for the last 21 days running 700am-1200pm CST ....Thats 9200.00 real money not figurng in my commisions(not linked to IB But its 4.00 roundtrip)The bottom one is my profit distribution how much it made per hour.... ATM Automatic Trading Machine ....Paid around no attention to it....Let my computer do the numbers while I do other numbers

And heres todays 22days verse 21.......PM me if your interested

haha whodat, im not putting the house on it. just a decent bet. I know its a gamble but I have so much faith in the future of marijuana as a recreational drug and so much more that I will put a few grand into it and hope it grows into a billion $ company.

I like what I see with those charts there, whats with the commissions? is it every trade? If I traded 233 times in a day it would cost 1600$. but if your pulling in 10,000 profit in a day its well worth it. you've got me interested for sure.

bud nugbong said:

haha whodat, im not putting the house on it. just a decent bet. I know its a gamble but I have so much faith in the future of marijuana as a recreational drug and so much more that I will put a few grand into it and hope it grows into a billion $ company.

I like what I see with those charts there, whats with the commissions? is it every trade? If I traded 233 times in a day it would cost 1600$. but if your pulling in 10,000 profit in a day its well worth it. you've got me interested for sure.

Click to expand...

No thats over 21 days I just run it in the backround while i do my work on other securities and stuff and yes commisions are everytrade 4 bux is what I have to pay to with IB 2$ in 2$ out....I hope you are right buddy I personally think that your only goin to see 2-3 big players in the industry just like alcohol and tobacco Hopefully one are in your portfolio

Tobacco is going to be one of big players.

Watched video on how some tobacco company already had money invested in california fields. They have plans second legalization comes... also alot of mmj stock that make It when legalization comes will be bought out by them so they can be a huge player in game.

ricky6991 said:

Tobacco is going to be one of big players.

Watched video on how some tobacco company already had money invested in california fields. They have plans second legalization comes... also alot of mmj stock that make It when legalization comes will be bought out by them so they can be a huge player in game.

Click to expand...

Absolutely Agree...And the small time penny stocks wont even move when they get the news of a takeover....It will be an under the table deal with no care for the common stock holders which will absolve the company and if your lucky ya might get a a share or two of a bigger company whatever equals your holdings....Most pinks wont be around in the next 10 years they will fail or may have never even been a legitimate company at all. I have a LLC thats worth around my net plus assets but I could convert into a S class corp and get put on otcbb and then its just about who wants to buy my float to run my price up for me to sell shares into ....Its pretty f'd up really and needs some serious regs put in place