Trick is to have a plan before you buy and sell some when it's up. Then you are playing with 'house money' so to speak.
If you had of bought some mj stocks or bitcoin early then you would have been sitting pretty.
Now it looks like the crypto market is a crap shoot. But mj stocks may have some room to go as more states
legalize it. Look at Tilray- stock has gone up a lot this year and it may continue.
You have to go with the attitude of if this stock drops by X amount I am out. Then you have a plan so you don't lose it all.
Take a small loss and try again. AND ONLY PLAY WITH MONEY YOU CAN LOSE. You do not want to play the stock market with money you cannot lose because you will lose at some point
and you cannot let a loss effect the rest of your life. Have a plan- if the plan doesn't work out -sell- it at your X amount of loss- stick to it- make you losses less than your gains..
………………………...Folken
If you had of bought some mj stocks or bitcoin early then you would have been sitting pretty.
Now it looks like the crypto market is a crap shoot. But mj stocks may have some room to go as more states
legalize it. Look at Tilray- stock has gone up a lot this year and it may continue.
You have to go with the attitude of if this stock drops by X amount I am out. Then you have a plan so you don't lose it all.
Take a small loss and try again. AND ONLY PLAY WITH MONEY YOU CAN LOSE. You do not want to play the stock market with money you cannot lose because you will lose at some point
and you cannot let a loss effect the rest of your life. Have a plan- if the plan doesn't work out -sell- it at your X amount of loss- stick to it- make you losses less than your gains..
………………………...Folken