Cannabis stock TLRY plunging. What would be causing this price action? - Stocks and ETFs Trading | futures io social day trading
futures io futures trading


Cannabis stock TLRY plunging. What would be causing this price action?
Updated: Views / Replies:425 / 14
Created: by luiscristhian97 Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 100,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Cannabis stock TLRY plunging. What would be causing this price action?

  #11 (permalink)
Determined
Lexington KY/USA
 
Trading Experience: Beginner
Platform: SC,TastyWorks,ToS
Broker/Data: TDA, OANDA,AMP/CQG
Favorite Futures: Looking for it/them
 
LDog's Avatar
 
Posts: 196 since Sep 2015
Thanks: 7,662 given, 298 received

Possible correlated market?

I wonder if there's a correlation ...

https://www.nasdaq.com/symbol/twnk

Reply With Quote
 
  #12 (permalink)
Trading Apprentice
Waco + Texas/USA
 
Trading Experience: None
Platform: Robinhood
Favorite Futures: Currency futures
 
Posts: 25 since Sep 2018
Thanks: 0 given, 7 received

Well to look for correlation I'd check and index of the weed industry to look for a downturn or expected corrected wave in sentiment. A sudden downshift doesn't mean it's going to hell in a handbasket a lot of times that corrective wave is required for an even higher movement upward in the price.


Sent from my iPad using Tapatalk

Reply With Quote
 
  #13 (permalink)
Trading for Fun
Niles, Michigan
 
Trading Experience: Beginner
Platform: NinjaTrader
Favorite Futures: Emini ES
 
Posts: 68 since Sep 2018
Thanks: 83 given, 99 received



luiscristhian97 View Post
Cannabis stock Tilray (TLRY) is plunging after market today September 19. What could be behind this?

Hey man I am new to this forum, and new to futures, but I have a lot of experience with stocks. If you want to really put together the pieces and be able to identify why it is having a major sell off, I suggest you read everything @AuspexResearch has posted on Twitter. He has some pinned tweets that link to some very long Twitlongers. Read everything. I even downloaded all of his content to my pc just in case he took his offline. He opened my eyes to the value of fundamentals when it comes to stock movement. When I paired his fundamental analysis strategies with my technical analysis, it just took my whole perception and trading of stocks to the next level.

Reply With Quote
 
  #14 (permalink)
Trading Apprentice
Waco + Texas/USA
 
Trading Experience: None
Platform: Robinhood
Favorite Futures: Currency futures
 
Posts: 25 since Sep 2018
Thanks: 0 given, 7 received

But for TLRY if it stops the corrective phase at or before the target then I'd expect another 5 wave phase of growth. From looking at the chart I'm not seeing an exhausting tightening usually indicating a trend reversal.


Sent from my iPad using Tapatalk

Reply With Quote
 
  #15 (permalink)
Trading Apprentice
Waco + Texas/USA
 
Trading Experience: None
Platform: Robinhood
Favorite Futures: Currency futures
 
Posts: 25 since Sep 2018
Thanks: 0 given, 7 received


spetscom View Post
Hey man I am new to this forum, and new to futures, but I have a lot of experience with stocks. If you want to really put together the pieces and be able to identify why it is having a major sell off, I suggest you read everything @AuspexResearch has posted on Twitter. He has some pinned tweets that link to some very long Twitlongers. Read everything. I even downloaded all of his content to my pc just in case he took his offline. He opened my eyes to the value of fundamentals when it comes to stock movement. When I paired his fundamental analysis strategies with my technical analysis, it just took my whole perception and trading of stocks to the next level.



If you want to try another cool thing check Elliott wave analysis. After 60 years of being proven effective I think the guy was really on to something about sentiment patterns in the markets.


Sent from my iPad using Tapatalk

Reply With Quote

Reply



futures io > > > > Cannabis stock TLRY plunging. What would be causing this price action?

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)
 

Journal Challenge $1600 in Prizes & Free Journalytix for all participants!

February
 

Trading Resolutions for 2019 - Avoiding Mistakes w/GFF Brokers

Feb 19
 

3 Excellent Entries, and How To Automate Them w/Kevin Davey

Feb 21
 

The Driving Force Behind the Market w/Earn2Trade

Mar 5
 

TBA w/Stage5 & iSystems

Mar 12
 

TBA w/John Grady @ No BS Day Trading

Mar 19
 

Day Trading Oil Futures: Reducing Risk & Increasing Profits w/DTN IQFeed

Mar 26
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
How many of you smoke cannabis? :) mzelixon Off-Topic 40 December 28th, 2018 04:23 PM
What do you think would be worth researching regarding the Price Action Trading? hachot Traders Hideout 10 October 15th, 2015 03:34 AM
Premature Earnings Release Sends Google Stock Plunging Quick Summary News and Current Events 0 October 18th, 2012 02:50 PM
Dividend Payouts Are Climbing After Plunging to a Record Low Quick Summary News and Current Events 0 February 14th, 2012 12:00 PM
How to find which indicator or strategy is causing errors on later compile attempts Saroj NinjaTrader Programming 0 June 26th, 2009 01:40 PM


Tags
5 wave, atm, correlation, dow, elliott wave, elliott_wave_theory, etf, futures, futures trading, information, nasdaq, parabolic, patterns, price action, sentiment, squeeze, strategies, tapatalk, trading, trend, wave

All times are GMT -4. The time now is 08:53 PM. (this page content is cached, log in for real-time version)

Copyright © 2019 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432 WhatsApp Business, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2019-02-15 in 0.23 seconds with 24 queries on phoenix