Aspiring day traders are always looking for an edge. A special niche to mine for a while, with the hopes of building up as much profit as possible, before the mainstream investors move in. These days, marijuana stocks can be that sector. Risks are inherent in investing and especially in day trading. There are no guarantees, but with the growth of legalization movements throughout the country, the cannabis industry is about to take off.
Especially in the biotech realm. Medical marijuana is much more advanced as a sector for investment than recreational marijuana. Cannabis has been studied as a pain reliever for years and many doctors consider it to be more than appropriate for cancer patients that are dealing with side effects of chemotherapy. There is considerable evidence that cannabis medication helps with children that are suffering from epilepsy and older people dealing with glaucoma. And there is an abundance of evidence point to CBD, the non-psychoactive part of the cannabis plant, as working for anxiety sufferers.
Companies like MYM Nutraceuticals, in Australia, are aggressively going after the medical marijuana market. The Australian government is essentially partnering with an MYM subsidiary to build a large greenhouse facility for production of the plant for CBD products. Their projections are showing that CBD products will grow much faster that products with THC, because the CBD strain does not produce psychoactive effects, meaning that users do not get high. The company claims that the medical products it plans on creating can treat arthritis, MS, chronic pain, PTSD, and other common ailments.
Obviously, all the claims of a company need to be vetted and checked out, before an investment is made. Due diligence is essential as a trader. You need to be able to research the trends and understand what is investor relations fluff and what is actionable information. When you empower yourself to find out more information, you are going to find all sorts of investing angles and possibilities.
Finding a day trading education site that allows you to get better at trading, without risking any real money, is a great win. You want to find a site that has veteran instructors with the experience and screen time to give you a nuanced perspective on the game. There is no way to understand all the information that is coming at you every day, especially in a modern trading interface, so the best thing to do is to learn how to edit that flow. Figure out what is really important.
The most successful traders find the most relevant information about businesses that are under the radar. Do not go following the crowd and that is where you find the best stories. There is nothing better than finding a trade before your competitors and riding it to great profits. The adrenaline rush is real.
With marijuana stocks making a real push toward legitimacy, now is the time to see how you can make profits from trading and investing in the sector.