03-15-2017, 01:47 PM | #2 |
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I've recently gotten into a few MJ stocks the past 2 years or so. Odds are at least one takes off like a mofo (MCIG, MJNA, NDEV, RMHB, etc)
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natedog7700657.00 mantis276.00 |
03-15-2017, 01:54 PM | #3 |
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03-15-2017, 03:04 PM | #4 |
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Yeah through Scottrade
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03-15-2017, 03:08 PM | #5 |
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scottrader here too, sprint, and shipping
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03-17-2017, 03:05 PM | #7 |
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Eh, I'd rather go to the casino so I can at least get free drinks when I'm losing money.
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03-17-2017, 03:28 PM | #8 |
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03-17-2017, 09:58 PM | #9 |
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Try out Forex currency trading if you want to something that is fun and very active for day trading. Oanda has a great demo account to learn on. Using Bollinger Bands for signals is a good start. I have a few friends that make six figures in a matter of hours. Some accounts allow you to have up to 400 to 1 leverage...risky to use but some can handle it without being too risky. Trade costs are much cheaper than stocks too.
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03-17-2017, 10:28 PM | #10 | |
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03-18-2017, 01:05 AM | #12 | |
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Low barriers to entry, limited spectrum of differentiation, regulatory hurdles...no thanks. Not a bad idea moving further up the process though, as those companies are not limited to MMJ. |
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03-18-2017, 09:59 AM | #13 |
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Lol, you people are why retail investor returns lag the market.
You will NOT do well over the long term actively trading anything. You will lose or significantly underperform. |
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03-18-2017, 12:24 PM | #14 | |
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Edit - ok i guess I'm not a day trader by definition. I just dabble on Scottrade
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03-18-2017, 12:43 PM | #16 |
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It seems like most people who dont trade, say its not possible. Yet, people who do trade for a living say it is possible and have been living it for years or decades. Funny how that works....
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03-18-2017, 01:24 PM | #17 |
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I trade institutional and private money and people who day trade are like gamblers....They overstate their wins, and never talk about their losses. Funny how THAT works.
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03-18-2017, 01:30 PM | #18 |
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Im not trying to start a debate i guess but i was just curious if anyone here was in the game. So what trading do you deal with? Long term investment accounts?
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03-18-2017, 05:58 PM | #19 | |
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But looking at the investments I have long term, most of the stuff in index funds has performed the best. People want quick money (who doesnt?) But the patient and consistent game wins with the market long term. |
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03-20-2017, 10:32 AM | #20 | |
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I know people making money in it too, but they would have made more in an index fund. Anyone can make money doing anything short term...maybe even medium term. But life is a long time. If your plan is to consistently try to beak the market by trading commodities, currencies, stocks, bonds, anything...you WILL lose money. I don't care who you are. All the ivy league endowment funds lost money. Retail investors have lower (significantly lower) returns than the overall market. Almost every hedge fund under performs the market. Active management has proven time and time again to produce inferior returns to the overall market. These are facts. Warren Buffett is about to win a 10 year, $1m bet that the total return of the S&P500 will beat ANY 5 hedge funds at their choosing (whomever was dumb enough to take him up on it) during that 10 year period. Spoiler alert, it isn't even close. longbets.com You'll have people telling you they do it, but it's total BS!! It's surprisingly difficult for people, (particularly n00bs and those emotionally invested in thinking they beat the market) to calculate long term returns accurately minus fees, expenses, etc. VERY VERY few have proven an ability to consistently beat the market over the long term. It can and HAS been done, but it's truly rarefied air saved for unicorns and leprechauns. Warren Buffett is one and he didn't even do it just "picking" stocks or trading currencies. He bought businesses he liked over the long term and even he said it's harder now than ever. |
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03-20-2017, 10:36 AM | #21 | |
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People start to believe their own lies and don't actually analyze the returns in an objective fashion. I know it sounds too easy, but it really is that simple. Buy quality stocks (typically through index funds) consistently over time and you will do very well. You start trading, you'll be part of the retail investor (and everyone else) statistics of UNDER performance. FACT. |
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03-20-2017, 10:42 AM | #22 | |
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When you're investing your entire nest egg, you're not buying on stuff like ndev. If you are, you'll be broke very soon. |
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