trading marijuana stocks: avoiding disaster! // cannabis hemp pot weed 2017 robinhood investing canada stocks to buy now, penny stocks strategies, marijuana stocks to buy, marijuana stocks to buy now, marijuana stocks to invest in, marijuana stocks brokers, marijuana stocks canada, cannabis stocks, hemp stocks, pot stocks, weed stocks, marijuana stocks list, medical marijuana stocks, marijuana stocks on robinhood, marijuana penny stocks, penny stock broker, best penny stock broker, trading and investing options and stocks, medical marijuana investment, make money in stocks, otc stocks, strategy for trading or investment, mj stocks david moadel welcome to looking at the markets with david modell if you trade or invest in marijuana stocks or if you're just
aapl us equity, thinking about doing that here's a tip for you that's super important i want you to know before you buy or when you're buying a marijuana stock i
want you to know your target profit ok your profit target in other words what price are you planning on selling your stock at where are you going to take profits what price okay you know what price you're buying it at that's that's important too and that's fine but do you know exactly where you're going to sell it at all
right and this is going to be a price above where you bought it and because if you don't know this beforehand then you can get into a lot of trouble all right i'm going i'm going to show you some examples of the trouble that you can get into if you just leave it in there if you just buy a stock and just you know leave it and you don't know what your
profit target is going to be alright and ai by the way i've been sending out a newsletter every weekend right now it's free it's free for now i i don't know if it's going to be free forever but right now it's a weekly newsletter with my marijuana stock picks and if you get the newsletter then you'll notice that i always specify not
only my by price but also my profit target i specify the exact price where i'm going to where i'm planning on selling it at ok and you can specify this with your broker you can you put a limit order with your broker where you're going to sell it at and if you need help with learning how to place a limit order you can email me and i can
teach you about that and i can help you learn how to do that but and also if you're interested in getting the weekly newsletter sent me an email and i'll be glad to send that out to you okay and my email address is in the description of this video and also i'll put it in the video toward the end of the video ok but let's
look at what can happen if you don't set your target profit or profit target when you buy marijuana stocks all right well here's a and this was a big deal in the marijuana stock sector i remember very recently i owcp went up a hundred percent in one day people literally doubled their money which is fantastic that's great
okay but you have to take profits and you have to know ahead of time where you're going to take profits because if you just didn't pay attention if you just bought the stock and then just let it sit there and you didn't you didn't take profits look what happened it went from you could have gone very quickly from a one
hundred percent gain doubling your money to losing twenty five percent in one day ok so this is a disaster waiting to happen if you don't have a profit target or or a cell price in mind okay and if you want to set it with your broker with a limit order that's even better and that's something you want to do when you buy a stock right when you buy or right
after you buy it all right here's another example cnb x again this was a big deal in the marijuana sector you know people were talking about it because it made a fifty-eight percent gain one day pretty fantastic what if you just left it there what if you didn't take profits or you just didn't know where to take profits and so
you just you just let your position sit there and then next thing you know you're going from more than fifty percent gain 2 a2 more than twenty percent loss ok these are marijuana stocks that we're not talking about four-door general electric or coca-cola you know we're not talking about blue chip stocks that
usually don't move that much these are volatile stocks marijuana stocks make big up moves and then the next day or even the same day they can make an even bigger down move if you're not careful alright here's another example a mmj more than twenty percent in one-day gain their great profit if you didn't take
profits if you didn't know what you were doing then that could have turned into a 10-percent lost very quickly so these are just some examples here's another one gb lx 16-percent game in one day not too bad right most people would take that if you didn't know enough to take profits there if you didn't have a profit target then
that would turn around very quickly soon afterward into a nine percent loss all right so these are just a few examples of what can happen if you don't take my advice you know i'm not trying to advise you i'm not trying to tell you what to do or what not to do but if you don't do what i do which is know beforehand what your
profit target is going to be and take profits or let your broker do it for you if you set a limit order alright so if you'd like to learn more about you know taking profits how to setup limit orders where do you set it what it is you know what is my method that i use for myself to calculate the the profit target you
can you know email me all right now if you like this video please give it a thumbs up leave comments and also please subscribe to my channel so you can receive more videos like this where i give you free financial education all right and here's my email address which i've been promising i hear it is david modell @ gmail.com
alright and it's also in this the description of this video and you can email me anytime with the comments questions or if you want to sign up for my weekly marijuana stocks newsletter which right now is free don't know how much longer it's gonna be free and each newsletter i i specify where i like to buy
particular marijuana stocks and what my just as importantly what my target profit or for sale price is going to be thank you so much for watching this i really appreciated and i'll talk to you again soon thank you for watching please like comment and subscribe and i'll see you next time
