Below are my January day-trades, where I provide details in THE CANNABIS REPORT:
Jan 11 – BIOC – 8A gap up on CNBC ticker attracts my attention…in at 8:15A out at 9:15A…$408 profit on $9,624 cost.
Jan 13 – RXII – 8A gap up on CNBC ticker attracts my attention…in at 8:15A out at 8:45A…$488 profit on $5,684 cost.
Jan 17 – FWP – 8A gap up on CNBC ticker attracts my attention…in at 8:15A, but program trading kicks in and I cannot beat a computer on an ultra-thinly traded stock, so I have a “dead money” situation…out on Jan 20…$957 profit on $24,318 cost. You have to know how to read level 2 to know when these scenarios occur.
Jan 23 – MRNS – 8A gap up on CNBC ticker attracts my attention…in at 8:15A out at 9:40A, and a bit of a nap…$661 profit on $4,491 cost.
None of the above are marijuana stocks, most of which are micro-cap and do not trade in the pre-market. I like day-trading in the pre-market, which is relatively inefficient. I am less likely to be competing against Wall Street. I cannot win against Wall Street. They have more money than I have and can grind me down to a pulp with program trading.
Do I ever lose on these? Rarely. None in January 2017.
Marijuana Stocks 