Jump to content

The cannabis index

Recommended Posts

Wonder where this will go 🤔  You see I cashed out already.  But I'm ready to go back in when the time is right, Matilda.  :)

1991821826_CannabisIndex_20200116_17_02.thumb.png.c29282a267f329a8e265f40949a57692.png

 

Share this post


Link to post
14 hours ago, dmedin said:

Wonder where this will go 🤔  You see I cashed out already.  But I'm ready to go back in when the time is right, Matilda.  :)

at the first sign of resistance, buy and hold not as easy as it sounds then? 🧐

Share this post


Link to post
16 minutes ago, Caseynotes said:

at the first sign of resistance, buy and hold not as easy as it sounds then? 🧐

Lol no not in this case

  • Like 1

Share this post


Link to post

So I bid adieu to the cannabis index, it looks like it will be moving sideways for a long time now.  I really missed out on a chance to short it but who is enthusiastic to break into a new index tracker by short-selling it?  Vast majority of people are buyers in an exciting new market and want the price to rise.  And they all got sh@fted.  And so did I.

Edited by dmedin

Share this post


Link to post

It might have based at 400, and the MAs are slowly reversing course, but there's no point buying and holding as you have to pay overnight fees.  Totally useless index :(

872403923_CannabisIndex_20200206_15_53.thumb.png.998b4599cd093f7b263da2ddb26f1fee.png

  • Sad 1

Share this post


Link to post

So ... the house holds the winning hand ... again ... :D

Share this post


Link to post

I've gone long at 448.84 and already down by 215.5 pips. What on earth have I done?

Stop the bleeding or hold? Daily interests aren't bad.

The real question is hold for how long?

Darn it.

  • Thought provoking 1

Share this post


Link to post
Posted (edited)
10 hours ago, albertc30 said:

I've gone long at 448.84 and already down by 215.5 pips. What on earth have I done?

Stop the bleeding or hold? Daily interests aren't bad.

The real question is hold for how long?

Darn it.

 

I think it's better to buy and hold via a cannabis ETF or something like that because you won't get charged interest for holding a long position.  As a SB/CFD it's a non-starter.

Cannabis will come back at some point.  If there's one thing the world needs ... it's to learn to chill out and relax ... :P

Edited by dmedin

Share this post


Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Member Statistics

    • Total Topics
      8,795
    • Total Posts
      48,344
    • Total Members
      61,082
    Newest Member
    AimResearcher
    Joined 29/03/20 06:11
  • Posts

    • “In France, the government caved to pressure from a doctor who ran his own very small and rapid trial of the drug combined with an antibiotic in 26 people, using methodology that has been seriously criticised. Dr Didier Raoult, a professor of infectious diseases who works at La Timone hospital in Marseille, then declared in a video on YouTube that chloroquine was a cure for Covid-19 and should be used immediately.“ You can hardly call a trial with 26 people statistically significant considering 660k confirmed cases worldwide thus far and 30k deaths.
    • Has anyone noticed the strange behaviour of Bitcoin price at  8pm Friday until 8am Saturday? I'm new so could someone explain the gap in the chart, displayed in the screenshot attached. Some Fridays the chart stops for 12hrs and other Fridays for 7 hours, can you execute trades during these periods,  I thought crypto was 24/7.
    • "BREAKING: French government reverses earlier ban on hydroxychloroquine for treating COVID19 patients in light of successful clinical studies showing significant efficacy against the virus. Hydroxychloroquine may now be prescribed to treat COVID-19 in France."
×
×