Joined
·
3,290 Posts
Up 5% again today.....
Marijuana ETF - HMMJ
261 - 280 of 289 Posts
Joined
·
3,290 Posts
Yup, +4.6% now! This thing is flying. I'm setting a trailing stop now.
Joined
·
3,290 Posts
I’ve never tried advanced order techniques. What are you setting your delta too?
I set it to 1.48 because the current average true range is 0.74. No idea really if that's a good idea but it seemed reasonable.
Joined
·
25,252 Posts
Very similar to the last mania. That's also when the brokerages (TD, etc) became unresponsive due to the crazy load, which is happening again.
As you point out, last time, it was also bitcoin & MJ stocks. Same thing again it seems.
Joined
·
3,290 Posts
Up 14% today. I need a lesson trailing stop vs trailing stop limit
Joined
·
25,252 Posts
Do you intend it as a long term holding, or just a short term trade?
Joined
·
3,290 Posts
Long term.....it’s in a small locked in account. I took a flyer on it. I paid $8.65 for it. I think there is long term potential in the industry, but I also don’t want to ride this thing down back to 8 if I can take some profit and re-enter it lower. I think its all mania right now.
TDDI offers trailing stop and trailing stop limit. I think I understand them, but not 100% sure.
i was thinking about 20% trailing Order which it puts it around 13.50. does it make sense then to set the trailing limit to 20% with $0.50 variance So it goes to market at $13.50, but won’t sell less than $13.00? Am I’m that right?
this and disney were my gambling picks.
Joined
·
25,252 Posts
I guess I'm confused by what you wrote here because you say it's "long term" and then say you want to take some profit and don't want to ride it back down.
This is an extremely volatile sector. If you place a stop order, you're likely to get "shaken out" even if it keeps going higher. HMMJ could drop 20% in the blink of an eye, and then a week later, could be 50% higher.
Joined
·
3,290 Posts
Maybe I’m being greedy. I’m okay to hold it LT. But I also want to play. Obviously if I knew it was gonna tank 50%, I’d like to get out earlier and re-buy. I just think it’s run up too much too quickly.
Joined
·
1,128 Posts
not this etf, but I held 11,000 shares of AH, with half in at about 1.5, and then the rest earlier this year so my acb per share was .91. So this morning it was 1.22, with no fundamentals changing to justify the move in price.
So I decided this was good enough for me and set a limit sell at 1.22.
I think it is some sort of crazy run up, because the thing sold in 22 separate transactions.
So all sorts piling in for a few hundred bucks position each. Let them have it.
I might get back in when sanity come back into play.
So I decided this was good enough for me and set a limit sell at 1.22.
I think it is some sort of crazy run up, because the thing sold in 22 separate transactions.
So all sorts piling in for a few hundred bucks position each. Let them have it.
I might get back in when sanity come back into play.
Joined
·
3,290 Posts
And down 20% at the open....
Joined
·
25,252 Posts
As I said just 22 hours ago, 'could drop 20% in the blink of an eye'.
Seems to be down 23% and counting. Well, it's volatile stuff. Now the fun part ... this is either a buying opportunity, * or * the stupid bubble has burst!
Joined
·
25,252 Posts
How come nobody talks about pot stocks any more? I guess everyone has moved on to energy stock hype.
HMMJ never went anywhere, as it turns out.
TSLA +3%
NIO -65%
PLUG -64%
FCEL -68%
BLDP -70%
HMMJ -47%
I was right about these sectors being a bubble.
HMMJ never went anywhere, as it turns out.
Interestingly, since I posted this observation on Jan 14, 2021,
TSLA +3%
NIO -65%
PLUG -64%
FCEL -68%
BLDP -70%
HMMJ -47%
I was right about these sectors being a bubble.
It went somewhere. Then it went somewhere else.
261 - 280 of 289 Posts
