Is There a Fortune to Be Made From Marijuana?

Is There a Fortune to Be Made From Marijuana?

During the filming of Money Revealed, I had the pleasure of interviewing Ray Blanco.

And I have to tell you, I was very impressed with his sincerity and expertise.

One of the key areas that Ray spoke about was pot stocks. In his view there’s a lot of opportunity there. In fact, he’s been tracking these fast-movers since the first wave of legalization started to hit the states in 2016…

When I met with Ray he said, “It’s such a green field… I mean, literally a green-field opportunity right now… Closest thing I can compare it with is when the internet was just starting out.”

It’s an extraordinary statement and my take is when he says it, he means it!

Today, Ray joins us to share the ins and out of buying and selling pot stocks.

I hope you find it valuable!

With Purpose,

Dr. Patrick Gentempo

Patrick Gentempo

Make Your Marijuana Fortune Today

So you want to enter the fast-paced and lucrative world of marijuana stocks?

Before you get started, however, there are a few things you need to know.

If you don’t know where and how to buy pot stocks, you can’t make money off them.

Today, I want to share some tips on buying and selling pot stocks…

BUYING Pot Stocks

Pot stocks can be thinly traded and volatile.

To be “thinly traded” means that they are exchanged in low volumes and typically have a limited number of interested investors.

The fact that not many people are investing in pot yet means that each transaction that occurs has a major impact on the stock price. It can change it drastically. That’s where the volatility comes in.

The best part? Shares are cheap and you stand the chance to make big bucks if the stock explodes.

But the same forces that can drive these stocks up can also push them down. That said, you should only use money you’re willing to lose to buy pot stocks.

You should never, under any circumstances, buy any stocks with money that you need to pay the mortgage or feed your family.

Risk management and position sizing are very important.

You should keep your positions small — no more than 2% of the money you have set aside for trading should be used on any one pot trade.

2 Musts for Buying Pot Stocks:

  • You should use a limit order. This allows you to set a ceiling on the price you’re willing to pay. If the price goes up quickly, a limit order protects you from paying too much
  • You should also have an exit strategy in place. That means you know exactly how much you’re willing to gain or lose on a position before you even buy your shares.

Here’s what you need to know for max profits when it’s time to cash out.

SELLING Pot Stocks

Pot stocks move fast.

That’s why you need to have a predetermined sell price figured out ahead of time when you make a buy.

A good rule of thumb for stocks is to take gains until you earn your initial stake back.

Typically a 100% gain. Then sell half your position and let the house money ride.

For pot stocks, considering the fast action, pulling in a 25–50% gain before selling half is advisable if you want to be more defensive.

There you have it. Follow these guidelines and you will be well on your way to profiting from the exploding marijuana market.

To a bright future,

Ray Blanco