Went long last Thursday with Nasdaq QLD because I did not want to hold long futures over the weekend.
Because I thought market was closed Friday. Anyone else trading the FLO(First and Last Monday of the month and O is week before option expiration trade from Larry Williams)?
In this case it is the week before option expiration, risking $7,000.
Have learned to play the long side in bull markets and the short side in bear markets.
Have not made the six figures from trading yet. How I trade now is so different from when we met on clear station. With a little luck I hope to trade for at least ten more year to obtain my six figures and keep it without giving it back, lol.
I'm a dope for smoking it and not buying these companies starting with Miracle Grow(SMG) look at these charts!
https://investorplace.com/2017/11/marijuana-stocks-that-wont-burn-you/#.WgcWSraZPeQ
Constellation Brands, Inc. (STZ) Takes Stake in Marijuana Company
STX is acquiring a 9.9% stake in Canopy Growth
Oct 30, 2017, 12:19 pm EST | By William White, InvestorPlace Writer
Constellation Brands, Inc. (NYSE:STZ) is buying a 9.9% stake in marijuana company Canopy Growth Corporation.
Constellation Brands, Inc. (STZ) Takes Stake in Marijuana Company
Source: Jirka Matousek via Flickr (Modified)
The investment will have Constellation Brands, Inc. spending C$245 million for its nearly 10% stake in Canopy Growth. The company says that it is acquiring the stake in the company to “identify, meet and stay ahead of evolving consumer trends and market dynamics.”
Constellation Brands, Inc. notes that it doesn’t currently have any plans to sell marijuana-related products in the U.S. or other markets where the drug isn’t legal at all levels of government. Instead, it says that it will continue to focus on its core business of selling alcoholic drinks.
btw this market behaves like the dot.bomb days in 1999, it feels and looks like the beginnings of a melt-up. we could see nasdaq 10,000 dow 30,000+ in short order, year or so maybe five years but doubt it will take that long, why? Because so much cash will join the party soon including ECB and our feds. getting out will be hard due to greed, my2cents, go figure, fwiw.