7 Tips To Make Cannabis Stocks Profitable

Analysis originally distributed on April 28, 2018 By: Michael Vodicka of Cannabis Stock Trades

Investing in cannabis stocks is exciting and can be very lucrative. However, given their volatility, it is important to keep these 7 tips in mind to confidently and successfully leverage this explosive sector.

1 – Create Realistic Expectations:

The legal cannabis industry is one of the most exciting investments I’ve ever been around in 17 years of trading and investing. Many cannabis stocks have delivered big returns in a short amount of time. These outsized returns have expectations running sky high for the cannabis stocks. Although I’m expecting great things from cannabis stocks, don’t get too excited about gains and don’t get too bummed about losses.

2 – Focus on the Long Run:

When analyzing an investment, sometimes I use a microscope and other times I use a telescope. For cannabis stocks, I am using my telescope. That means I am looking at this investment from 10,000 feet above. I am expecting plenty of volatility in the short run. But in the long run, I am expecting the industry and stocks to steadily move higher for many years. It’s another way of saying don’t sweat short-term volatility. Continue reading "7 Tips To Make Cannabis Stocks Profitable"

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Best,
The INO.com Team

Trading Tip #12 - Have Fun

I hope that you have gained valuable insight to the markets with the "12 Days of Trading Tips" and can use some of the tips to help make 2016 your best year ever.

12 Days of Trading Tips Day 12

With that said, here's the last tip: Have fun!

Trading stocks can be complicated, intimidating at first and of course, stressful. But if you do your research and plan, it will be fun.

Have a safe and happy holiday season and a Merry Christmas.

Every success with MarketClub,
Adam Hewison
President, INO.com
Co-Creator, MarketClub

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Trading Tip #11 - The Magic Hour

Do not buy at the market open. There is always a pop at the market open which fades away in the first hour or so.

12 Days of Trading Tips Day 11

The best time to buy a stock is about 45 minutes to an hour into the market and late in the afternoon, or as I like to call it, "Magic Hour" which is after 3 pm EST before the market closes.

On the flip side, the best time to sell is at the market open or about 1 pm EST, right after lunch.

Every success with MarketClub,
Adam Hewison
President, INO.com
Co-Creator, MarketClub

Join MarketClub with this Special Holiday Offer.

Trading Tip #10 - Avoid The Hot Tip

Don't buy the Hot Tip.

12 Days of Trading Tips Day 10

How many times have you bought the hot tip, the next hot stock, or your friend's stock tip, only to lose all of your investment capital?

Trust me, it's happened to all of us. Remember, stick to your plan and research.

After all, you know what works for you, right?

Every success with MarketClub,
Adam Hewison
President, INO.com
Co-Creator, MarketClub

Join MarketClub with this Special Holiday Offer.