BTCUSD Chart by TradingView

Join The Obsessed Trading Signals Group

* indicates required

Intuit Mailchimp

Daily Trading updates 2025

$ACB a $40 Price Target on the stock

By James Laurent



Marijuana stocks bounced higher on big news out of Mexico Wednesday.

News that the country has finished drafting rules to permit Medical Marijuana sent shares of cannabis industry giant Canopy Growth $CGC up 5.4% by 1:05 p.m. EST on Wednesday. Doing even better today were smaller marijuana companies Aurora Cannabis $ACB , Aphria , and especially Tilray $TLRY, which were up 6.2%, 7%, and 14.6%, respectively.

Comments

Post a Comment

Popular posts from this blog

The most important thing in trading Forex, cryptos or stocks

By James Laurent
Image
👽 Many experienced Stock and Forex traders would agree that the most important thing in trading is Risk management . Risk management involves setting strategies and practices to minimize potential losses and maximize gains. This includes: 1.  Position sizing : Managing the amount of capital invested in each trade. 2.  Stop-loss orders : Setting price levels to automatically exit trades and limit losses. 3.  Risk-reward ratios : Balancing potential gains against potential losses. 4.  Diversification : Spreading investments across different assets to reduce exposure. 5.  Emotional control : Avoiding impulsive decisions based on fear, greed, or other emotions. Effective risk management helps traders navigate market uncertainties, preserve capital, and achieve long-term success.
Read more

Alex loses $5000 first week trading Forex

By James Laurent
Image
👽Alex first mistake : Over-leveraging Risking more money than you can afford to lose can lead to significant financial losses and even wipe out your trading account. It's essential to manage risk effectively and only trade with money you can afford to lose. Here's the story : Alex is 27 years old, from Miami and he is a new trader. Alex, decides to start trading the foreign exchange market (Forex) without doing proper research and education. Alex: 1.  Doesn't understand the basics of Forex trading, such as leverage, margin, and pip values. 2.  Doesn't research the different types of trading strategies, such as technical analysis, fundamental analysis, or scalping. 3.  Doesn't learn about risk management techniques, such as stop-loss orders, position sizing, and hedging. 4.  Doesn't stay up-to-date with market news and analysis, which can impact currency prices. As a result, Alex: 1.  Opens a trading account with a broker without understanding the terms and con...
Read more

Double top in $FUBO so investor is short selling it

By James Laurent
Image
  👽 A double top is a technical analysis chart pattern that indicates a potential reversal in the price of a security, such as a stock or cryptocurrency. It forms when the price of the security reaches a high, pulls back, and then reaches the same high again, creating two peaks. Here are the key characteristics of a double top: 1.  Two highs: The price reaches a high, pulls back, and then reaches the same high again. 2.  Valley in between: There is a valley or trough between the two highs, which represents a pullback in price. 3.  Resistance level: The double top forms at a resistance level, which is a price level that the security has difficulty breaking through. 4.  Reversal pattern: The double top is considered a reversal pattern, as it indicates that the upward trend is weakening and may be about to reverse. To confirm a double top, traders often look for additional signs, such as: 1.  Volume decrease: A decrease in trading volume during the second pea...
Read more

Here is why Trendlines are so important in trading cryptos or stocks

By James Laurent
Image
👽 Trend lines are a crucial tool in trading, and here's why: 1.  Identifies Trends  Trend lines help traders identify and visualize the direction and strength of a trend. By connecting a series of highs or lows, trend lines reveal the underlying momentum of the market. 2.  Predicts Future Price Movement Trend lines can be used to predict future price movements. If a trend line is broken, it may indicate a reversal of the trend. Conversely, if a trend line holds, it may indicate a continuation of the trend. 3.  Provides Support and Resistance Trend lines act as dynamic support and resistance levels. As prices approach a trend line, traders can anticipate potential bounces or breaks, allowing them to adjust their strategies accordingly. 4.  Enhances Risk Management Trend lines help traders manage risk by providing a clear visual representation of the trend. This allows traders to set stop-losses, limit positions, and adjust leverage accordingly. 5.  Simplifi...
Read more

In Forex, USD/JPY is one of the best pair to trade

By James Laurent
Image
👽 Trading USD/JPY is considered a popular and potentially lucrative currency pair in the Forex market for several reasons Liquidity 1.  High Liquidity: USD/JPY is one of the most liquid currency pairs, offering tight spreads and ease of execution. This liquidity is crucial for traders, especially those who use scalping strategies or need to enter and exit trades quickly. Volatility 1.  Volatility: The USD/JPY pair often exhibits significant price movements, making it attractive for traders seeking opportunities. This volatility can be attributed to various economic indicators, monetary policy decisions, and geopolitical events affecting the U.S. and Japanese economies. Economic Indicators 1.  Economic Indicators: Both the U.S. and Japan release a plethora of economic indicators that can significantly impact the USD/JPY pair. Traders can use these indicators, such as GDP growth rates, inflation rates, employment figures, and interest rate decisions, to make informed tradi...
Read more

$GME a $500 Price Target by End of 2021

By James Laurent
Image
Wow ... What a day 01/25/2021, the short sellers got burned alive . According to business insider ..a Growing concerns about stock bubbles on Wall Street are sparking fears of a pullback, highlighted by the wild ride for shares such as Game Stop Corporation A flood of money supply, ultra-low or zero interest rates and COVID-19 vaccine rollouts have sparked a "buy everything" rally, helping world stocks add a whopping $33 trillion in value from their lows of last March. Surges in share prices of some loss-making firms, red-hot public markets and amateur investors chasing stocks have drawn concern as the benchmark S&P 500 has gained more than 70% since March. Elevated retail participation has contributed to soaring prices. "For retail traders, the warning signals on this ... (are) if you are trading it, you are taking so much of an extra risk compared to normal activity. This is not normal activity," said JJ Kinahan, chief market strategist at TD Ameritrade. As a ...
Read more

The fastest way to become a millionaire

By James Laurent
Image
👽 Here are some high-potential strategies that have worked for others: High-Risk High-Reward Options 1.  Start a successful startup: Create a innovative solution to a pressing problem, secure funding, and scale quickly. 2.  Invest in cryptocurrency or stocks: Make savvy investments in emerging markets or companies with high growth potential. 3.  Participate in affiliate marketing: Promote high-ticket products or services with a strong online presence. 4.  Create and sell an online course: Share expertise and teach others a valuable skill, with pricing tiers that can reach $1,000 or more. Entrepreneurial Ventures 1.  Launch a successful e-commerce store: Identify a profitable niche, source products, and execute a solid marketing strategy. 2.  Develop and sell a mobile app or game: Create a viral app or game that generates significant revenue through in-app purchases or advertising. 3.  Start a YouTube channel or Twitch stream: Build a massive following...
Read more

5 reasons why you are losing money trading Forex , Futures or stocks

By James Laurent
Image
Here are 5 potential reasons why you may be losing money trading US30 futures: 1.  Lack of Trend Identification : Failing to accurately identify trends, reversals, and breakouts can lead to poor entry and exit points, resulting in losses. US30 futures can be particularly challenging due to their high volatility and sensitivity to economic news. 2.  Inadequate Risk Management : Insufficient stop-loss orders, position sizing, and risk-reward ratios can exacerbate losses. US30 futures require careful risk management due to their high leverage and potential for rapid price movements. 3.  Overtrading and Emotional Decision-Making : Overtrading, fear, greed, and impulsive decisions can lead to poor trading choices. The fast-paced nature of US30 futures trading can amplify emotions, causing traders to make costly mistakes. 4.  Ineffective Trading Strategy : Using a flawed or outdated trading strategy can lead to consistent losses. US30 futures require a robust strategy that...
Read more

The Perfect Gift to yourself this Year to Upgrade your Trading Desk

The Perfect Gift to yourself this Year to Upgrade your Trading Desk

15.6’’ Triple Laptop Screen Extender Monitor Portable, DIY 1080P FHD Portable Dual Monitor

15.6’’ Triple Laptop Screen Extender Monitor Portable, DIY 1080P FHD Portable Dual Monitor