Market Overview

  • Premarket Down
  • BTC Up
  • Gold Down
  • Bonds Down
  • Vix Up
  • TWTR and FCAU ER before Market open: Both Crushed after ER.
  • All about BOE at 7 AM(Rate Policy, Report, etc)
  • Fed Speech at 9:30 AM
  • CGC and CRON: when down in premarket, usually followed by bounce start after market open. Important thing is that if continues down trend after open, that usually lead to more down days to come. I was predicting and shared that there are 2 scenarios for Marijuana. One of them was that it will decrease until the ER then will have small pre-rally right before ER. Then most likely it will be crushed after the ER. So Today might be the last chance to get out either after making profit or taking the loss.

Watch

CRON and CGC: This is typical Marijuana stock move on the downturn.
Very stiff and scary. The most important thing is to know where is your true comfort zone.

 I mentioned several times that Marijuana and Bitcoin combine should not exceed more than 20% your total investment.

 If you are holding CGC and CRON, as long as these are not exceeding over 20% of your investment, 10% loss from these 2 on average will be only net 2% loss from your total investment.

 That being said, you now have to determine how dip you could handle for these stocks.
Up to 10% or even 20%? based on your take, you could subtract the bottom line from your average purchased price.

 For instance, if you got in CRON from 19.5 and the stock drops 10%, that would be 17.55.
You should set stop at 17.55 if you were willing to take up to 10% risk.
Once you set your own limit, you should be comfortable rather than anxious.

 Of course, ideal position should be holding CASH at the moment.
So you could jump in with full strength when it's the right time.
But as a human, we make a mistake or often rushing it due to FOMO.
I do, too. :)

 Big difference between Good Investors and Bad Investors?
Good Investors know to suck it in and move on while Bad investors stuck in the past whenever they made a mistake or a bad decision.

 Bad decisions usually be made when you have a pressure.
That is why it is important to set your limit in advance.
Give enough room to swing at comfort.

 I have made so many bad decisions and mistakes on investments.
But every single time, at least I learned something from it.
That made me who I am now. :)

 Today's lesson might be the best lesson for your future investment career.
So don't be depressed.
ENJOY the moment no matter what and Move on for a better future by learning from it.

Potential Flag


Flags from Wed.

B2-AMTD Up by 0.09%
P-HVBTF
R-COST Down by 0.42% : Cost Jan Sales rise by 8% and 22% for Online Sales.
R2-BA Down by 0.79%
ST-ATVI Short Down by 0.44%