Trade Pot [Like a Pro]
Welcome to the exciting and lucrative world of pot stocks.
You’re about to enter the fast-paced, exciting and potentially very lucrative world of trading marijuana industry stocks.
Before you get started, however, there are a few things you need to know. Think of the info below as a “tip sheet” for making the most out of your penny pot trades.
Now, let’s get started.
Every trade starts with buying shares, so that’s where we’ll begin today.
BUYING Pot Stocks
Pot stocks can be very thinly traded and volatile. For the chance at the biggest gains, you must pay attention to the alerts and advice you receive from me.
You should use “speculation” money to buy penny pot stocks. That’s money you can afford to lose.
Fancy Wall Street types call speculation money “risk capital,” but no matter what you call it, the point is the same. Buying pot stocks can be risky. All positions can, and some will go to $0.
That’s why you ONLY ever buy pot stocks with money you can afford to lose. You should NEVER put your family at risk with any investment strategy.
In the end, it’s your money and your final decision whether or not to take action.
Sound fair? OK, let’s move on.
- Every time you buy a pot stock, you should use what’s called a limit order. This allows you to set a ceiling on the price you’re willing to pay. If the price is going up quickly, a limit order protects you from paying too much.
- Every time you buy a pot stock, you should also have a stop strategy firmly in place. That means you know exactly how much you’re willing to lose on a position before you sell your shares.
Now onto selling pot stocks.
SELLING Penny Pot Stocks
Pot stocks move fast.
Sometimes a few hours will be the difference between a small gain and a huge gain.
For the biggest gains you must pay close attention to the the advice and information you receive from me.
Of course, what you choose to do with your own account is entirely up to you. But the ideas you receive from me will be direct and to the point.
If I say a stock is looking good, it’s because my research shows this. And if it’s a dog, I’ll pull no punches. You will know.
Having the right information is key to playing pot stocks. And using my research you’ll be able to make the most out of your pot plays.
But before we rap things up there’s one more thing we need to cover.
That’s how to get started if you don’t currently have an online broker for trading stocks.
Finding the Right Brokerage for You
The brokerage you use and how you choose to trade is, in the end, entirely your decision and your responsibility.
That said, here are some online brokerage choices you can research further. I have no relationship with any of these companies:
OptionsHouse and TD Ameritrade recently ranked by NerdWallet as the top two overall online brokers in the year 2017. Charles Schwab and TD Ameritrade are regarded by reviewers as good brokers for beginners.
E-Trade, OptionsXpress, Fidelity, TradeKing and Interactive Brokers are five more to take a look at. TradeKing and Interactive Brokers scored high marks for their low fees.
Finding the right brokerage for you takes time and research. Again, Technology Profits Daily has no affiliation with any of the brokerages I list above.
In the end, you must find your own brokerage and make you own decision.
Now You’re Ready To Trade Pot Like A Pro
As public opinion surrounding the marijuana story continues to develop, there will be enormous chances in the markets to make huge gains from the best pot-related companies.
This is truly an exciting time — on par with the explosion of wealth early internet stocks delivered, or the rapid rise of brewers and distillers after the repeal of Prohibition, in 1933.
Good luck, and here’s to the gains ahead.
For Technology Profits Daily,
Chief Technology Expert, Technology Profits Daily
Editor’s note: Just a reminder that this Thursday at 1 p.m. Eastern time, my colleague Mike Burnick will be releasing his book for the first time ever, exclusively for our readers.
Trust me, you’ll want a copy. Inside are some of the best-kept secrets to generating thousands in extra income.
This Thursday at 1 p.m. Eastern time, I’ll email you an exclusive link where you can grab a copy for just 99 cents.
The link might only be up for an hour, so pay close attention to your inbox.