This week, Greg answers member questions about when to place trades, how to participate in private investments, and why we enter trades the way we do.
Welcome to another edition of our special Cannabis Profits Daily Q&A.
I’m thrilled you’ve all been submitting such great questions. It’s your level of interaction that makes the National Institute for Cannabis Investors stand out above any other service in this industry.
I hope you’ll keep writing in to let us know how the Institute is working for you and what else you might like to learn.
Now, let’s get right into this week’s questions.
Gary R. writes in to say: “I have a question. In your experience relating to time of day, when is the best time to buy or sell?”
Hi, Gary. That’s actually big sport on Wall Street – there are people who basically try to determine when various computer algorithms will kick in and they try to trade ahead of that. But even those folks are stymied when it comes to cannabis stocks because computers don’t push around these stocks the way they do companies on the big indices. Ultimately, I haven’t noticed a certain time of day that is better for trading.
I will say that I like to buy when others are selling and sell when others are buying. That can add a little more to a stock’s total return, and I try to send out my alerts on days when you can do that.
Michael B. wants to know: “How do you buy shares of a private company before they go public?”
Funny you should ask, Michael. It used to be that the only way to buy a company before it went public was to either be incredibly rich – or reasonably rich and somehow connected to the company or its fundraisers. But now the market has opened up a bit, and regular investors can sometimes get into pre-IPO investments.
We’ve just released a brand-new service that can help you do just that. We make the connection, we do the due diligence that many investors don’t have the knowledge to do, and you can then decide whether to contact the company and buy private shares. Of course, there are some additional risks to investing in private companies, but the potential returns available here are absolutely astounding. If you are at all interested in private investing, I strongly encourage you to check out our introduction to Cannabis Venture Syndicate.
Kevin A. asks: “Why do we buy half now and half later? I would think they would be cheaper before they go up, but I’m new at this and that’s why you make the big bucks! But seriously, I’m curious because you guys recommend that a lot, I noticed. Thanks for all your help – you guys are awesome.”
Thank you for your kind words, Kevin. This is a great question, and there are two answers.
The first is that I generally like to buy stocks through a couple trades to get something closer to the average price they have been trading at during the time we’re trying to buy them. That prevents us from accidentally buying during a near-term top on a single day.
If that ends up happening, no sweat. Our second trade will still get us in at a good price.
The second reason is that our membership is a really big force in the cannabis industry now. When we go in to buy a stock, there’s a possibility we might send it up just on the force of our buying. That means that those members who read their emails a little later might not get the best price. So I ask you to scale into positions both for your own good and for the good of your fellow members.
It’s OK if you can’t get in at the price I recommended right away, but you should always try to follow my advice exactly as stated to set yourself up for the largest gains. I don’t want you to ever overpay for a stock.
Thanks again for all your questions! We’ll be back next week to talk about what all has been happening recently at the FDA and much, much more.
Thank you for being a valuable member of the National Institute for Cannabis Investors,
Executive Director, National Institute for Cannabis Investors
13 responses to “Q&A: What’s the Best Time of Day to Buy Stock?”
March 09 2019