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Re: Cmobile post# 34233

Wednesday, 11/14/2018 4:40:43 PM

Wednesday, November 14, 2018 4:40:43 PM

Post# of 70338
Selling is driving. Holistically that is evident in the Asia and U.S. Markets. What you're suggesting is speculation about legalization of cannabis. I mean, don't get me wrong, you can accumulate all you wish (if that is part of your strategy). Back in 2012/2013 when many of us made a killing in the OTC Cannabis stock (many don't exist anymore) - people were saying the same things. Of course, times have changed, but the psychology hasn't. Personally, I don't care about a stocks culture, background, speculative growth, etc. I only care about making my money work, charts, protecting capital, and ensuring tight money management.

As for, what can reverse the correction...? I have no clue. I try not to worry about things that I cannot control or speculate with theories. It's not part of my trading plan, nor does anything I think affect how I trade. Hope that doesn't sound harsh...

In these markets of correction it's best to sit on the sidelines, if you're long. Identify stocks that are strong (technically), as it's a stock pickers market right now.

Mind the noise of the press releases, boards, and speculation by these articles and talking heads on television - it'll save you a lot of money in the long run.

Always have a trading plan in place. Avoid the noise on the boards and focus on protecting capital and following your trading plan.

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