As usual, you boy chases high-risk high reward type investments. POT Stocks have generated some of my biggest for 2019. The market is being trashed with uncertainty in 2019 reaching both highs and lows. I would approach the remainder of 2019 to Q1-Q2 of 2020 as the transitionary phase for POT stocks as more institutional investors get involved, partnerships continue to form, and more consumer grade products (drinks, edibles, oils, etc) hit the market. Expect some bumps in prices, but its an important time for all of us to set our mindsets straight for the coming months.
Questions to ask your self:
1) What is your game plan? Long term holder? Short term? Swing?
2) Set your sell targets and stick with them
3) Do you believe in this company and its industry? If you don't...move along there are other stocks to invest in
4) If you do...I never daytrade companies I don't believe in the long term. This allows me to cut my losses when I need to..but if I need to HODL i have pure confidence it will do great long term if I just walked away for a couple of months.
Believe in yourself. Study up and you will do great!
MY TRADE SET UP:
Set Buys from $5 down to $4.75.
Hold for a swing trade or sell at your set % targets. I am personally tiering my sells from $6.5, $7.50, and long term of +$10 (1 year out).
Personally, I am a long for the POT Market as a whole and CANNTRUST has enough girth to compete with the big bois with a $700M Valuation!!!!! ACB has a $7.1B Market Cap...$13B for Canopy Growth. I can easily see CTST double/triple in valuation with the recent news of partnerships. 3,000 acres to grow hemp and cannabinoids in Bakersfield, CA.
My full-time career in Industrial Real Estate has given me a lot of insight and insider info to F500 companies, institutional investors, & real estate development. POT STOCKS is the next big thing. There is a huge demand for land and warehouses for grow facilities. IIPR went 400% in 5 months and they are a REIT that focuses on MJ industrial properties. I currently represent several large Billion dollar REITs and just completed my 1st industrial development deal at the age of 26. MJ growers and companies are easily paying 3x above market value rent.
CTST being able to land lease 3,000 SF to grow is a BIG DEAL. especially in CA. Looking forward to this company blowing up over the next year :) Hope you join me for the ride!
Good luck & Happy Hunting!