One of the hottest topics is weed stocks and everyone wants to know how the cannabis industry will react. The hype behind the weed industry at an all-time high. This isn't an excuse to throw out all of your due diligence out of the window. My greatest advice as we navigate the evaluation weed stocks would be to STICK TO THE PLAN. Don't allow your emotions to cloud your judgement and cut corners with your due diligence.
It's so easy to fall into the trap of following the crowd and taking the hype and making a reactionary decision. So, here's what I want you to do, take a step back. Create a plan, look and do your own due diligence and have your fundamentals in place. Make sure you have a solid entry. Once you a identify a solid entry, before you buy into the stock, remember to have your exit in place.
Above all I want you to remember to treat these stocks like you would treat any other stocks when doing your due diligence. Look at the indicators, identify catalysts and determine your play. Although weed stocks are seemingly sexy, you must not fall victim to the reactionary tendencies many people may have that clouds judgement and may lead to heartache and pain.
If you aren't part of the community, feel free to visit WeTradeHQ.com and check out our community.