I spent a short amount of time in the "wild west" pink sheets, and grey markets, in my 35+ years in investing. That lasted for about a year. The 0, 00, and 000 plays (sometimes 0000!) are behind me for good. There is money to be made there, but it takes a certain type of trader and mentality. A lot of "pumping" and "dumping." I am more interested in legit companies and investment styles. I know only too well about companies that generate revenue, by only selling company shares. They dilute and then reverse split their shares. Wash, rinse, repeat.
Being a "Day-Trader" is a whole different world. To me, it is simply about the numbers. Similar to selling term life insurance. I enjoy researching companies. I enjoy reading the "storyline". I would not like to "day-trade" for a living.
2014, early in the marijuana investing days, the U.S. was filling up with the worst of the worst. MJNA, ERBB, HEMP, etc. Nobody was earning revenue (see above). Then I looked to Canada, where at least the companies were legit. Canada is still finding their way with this new, legalized business, but straddled with too much regulation. At least they legalized Cannabis 2.0 (edibles, gummies, drinks, etc). I then turned my attention back to the U.S in 2019. Here we find ourselves in what, the 4th wave of Cannabis investing euphoria? This one will stick (we have profitable companies now).
Currently, my style is to hold for 1 week to 6 months. I normally do not reach below $0.10 per share. Recently, in the second-quarter of 2020, I was buying Amazon, Tesla, Apple, etc. A lot of "stay at home" plays like Chewy, Peloton, Blue Apron, etc.
Now my portfolio is dominated by Marijuana ( not Cannabis, which includes Hemp. CBD will have its day, eventually ).
JohnCM Investment Corner
by The Charles Report
JohnCM Investor HUB Discussion Boards ETF ETN 1X 2X 3X Bull and Bear
Cannabis Investment Club
Cannabis Oils and CBD
Cannabis IPO watch
Cannabis U.S. companies
IPO PDO and SPAC board
Coronavirus "At Home" opportunities
Coronavirus "Medical Science" plays
John Mueller (The Charles Report) is not a licensed financial, income tax advisor, stockbroker, or licensed real estate agent (almost!). All investment/financial opinions expressed by John Mueller are from personal research and 35 years of investing experience and are intended as educational material only. Although best efforts are made to ensure that all information is accurate and up to date, occasionally unintended errors and misprints may occur. Purchase and sell real estate and stocks at your own risk.