Well, 2018 sure started out with a bang with people lining up to purchase marijuana legally in California, and the marijuana sector absolutely ripping it up again. Unfortunately, as discussed in my Monday post, I locked in some profits on Friday when the market snapped back and triggered my stop limits.
At the open, I didn’t know what to expect especially with yet another gap up. The sector just kept on moving up and well… a lot of profits left on the table. Just take a look.
Bummer. Only because I sold the most in ACB and LEAF, and kept most of my WEED… which didn’t have quite as glorious of a price jump.
But not a big deal, its hard to time the market and things can continue to irrationally move up (or down) longer than anyone can predict.
I did contemplate re-entering my original positions but TD Waterhouse has been absolutely awful the last week and was completely inaccessible! I think this is the last straw for me, I will be actively looking to move my accounts to another brokerage now.
If anyone has a good recommendation for a Canadian brokerage to move my Margin, TFSA and RRSP accounts, I would love to hear some suggestions.
Locked in profits
Well, 2018 sure started out with a bang with people lining up to purchase marijuana...