"Buy the dip!" screaming analysts yell at you when a stock craters.
I shake my head sadly... it's a trap...
Please... Don't ever, ever, ever do this again. You're risking your entire livelihood on a hunch that a stock will magically bounce back a few points.
It's like picking up quarters in front of a steam roller!
Instead...
I trade full-time using a completely different strategy. I support my wife and our three kids using this strategy. It's a strategy I can hang over 30 years of trading on.
Tomorrow, you could begin doubling your account every single month starting with one letter.
The letter will come from a 20-year trading professional named Ian Cooper. He says, “In 2017, following my trades you would be doubling even tripling your account some months. Let me show you how.”
He will show you exactly what to do... and he’ll give you the blueprint for just $1.
Three of the Best Pot Stocks to Own for the 2019 Rush
Controversial or not, the marijuana boom is tough to ignore.
For one, lawmakers in Kentucky and West Virginia are now considering full marijuana legalization. Lawmakers in India, Missouri, Texas and Virginia could also soon vote on legalization bills that were recently introduced.
Two, considering the sizable growth there are plenty of reasons to get excited.
According to analysts at Cowen, U.S. cannabis sales alone could reach $80 billion by 2030 – an increase of $5 billion from earlier estimates, and a 4% compound annual growth rate. Even Piper Jaffray believes the market for legal cannabis could be worth $15 billion to $50 billion a year, with global sales growing to $250 billion to $500 billion.
Three, we’re seeing considerable interest from corporate America.
Constellation Brands invested $4 billion in Canopy Growth. Molson Coors even listed legal cannabis among the biggest possible risks to its business in its annual shareholder report. Anheuser-Busch InBev (BUD) looks to be jumping on the bandwagon, too.
And four, stocks like Tilray Inc. (TLRY) fail to disappoint investors. In fact, shares of TLRY were up as much as $20 a share last Friday.
Lee Gettess is a top trader who is excited to bring you his video newsletter. Each week, Lee will share his predictions on what he anticipates from the bond and S&P markets.
One of the greatest challenges in trading comes from getting to targets. It is one of the most difficult areas both from a technical perspective (finding the right areas on the chart) to a psychological perspective (staying with the trade while the stock achieves that target).
Psychologically, this is perhaps the most difficult area because you may not even know you have the problem. If you don't take stops, you see and feel the pain immediately. You may fix it, or may not, but you know what you have to deal with and you cannot avoid it. If you do a poor job reaching targets, you may not notice the problem. You may even feel you are doing well because you feel like you have a lot of winners. The only problem is that you have a handful of losers that wipe out all the small gains. Without tracking and evaluating the statistics on your trades, you may never realize the importance of this issue. This is where most people stand. Let's take a look at which issues to consider when setting targets.
Unless you are breaking to new highs, you will always encounter some levels of resistance. The question is at which point will the supply overcome the demand? You need to examine the quality of the trend and the quality of the current breakout. Next, you have to look at the quality of the resistance you are encountering.
While it may not show up on the Economic Calendar, Earnings Season gets in full swing this upcoming week. Below are a number of the Earnings Releases which we feel have potential.
The Banking Sector stocks releasing their earnings the first part of the week have the ability to move the Market as a whole, but they also offer great opportunities in and of themselves.
Monday, January 14
Before the Open: Citigroup (C)
Tuesday, January 15
Before the Open: JPMorgan Chase (JPM), Wells Fargo (WFC)
Wednesday, January 16
Before the Open: Bank of America (BAC), Goldman Sachs (GS)
After the Close: Alcoa (AA)
Thursday, January 17
Before the Open: Morgan Stanley (MS)
After the Close: American Express (AXP), Netflix (NFLX)
Friday, January 18
Before the Open: Schlumberger (SLB)
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