Doctrine of the Mean
Updated
- Stock price is at $1.00.
- Mean price is at $2.87.
- Golden pocket is at $4.20.
- Bullish RSI divergence after a 95% pullback
- People actually buy their weed for 1120/OZ because it's quality (AA/AAA), consistent, and readily available.
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= 420 YOLO
Medium to long-term trade setup. I will be feeding the ducks this summer (June/July)
Note
mjbizdaily.com/marijuana-company-organigram-gets-nasdaq-share-price-warning/I love taking the do-or-die trade because it offers high reward potential.
Trade closed manually
Upon further research, these guys still have covid 10 vaccine policy in place for staff so I won't be holding the stock or buying the product until that's fixed.Note
Why I Add to Winners & Cut Losers By Chat GPT------------------------------------
The idea behind adding to winners and cutting losers is based on the concept of "risk management" and "expectancy" in trading.
Expectancy is a measure of the average expected return from a given trade, calculated as the average win multiplied by the win rate minus the average loss multiplied by the loss rate. If expectancy is positive, a trader can expect to make money over time by making the same trade repeatedly.
Risk management refers to the process of controlling and minimizing the potential losses in a trade. By adding to winners and cutting losers, a trader is able to effectively manage their risk by allocating more capital to trades that have a higher probability of success and reducing the capital allocated to trades that have a lower probability of success.
Mathematically, adding to winners means increasing the trade size as the price moves in favor of the trader, while cutting losers means decreasing the trade size as the price moves against the trader. By doing so, the trader can increase their average win while simultaneously reducing their average loss, which can result in a higher expectancy and improved risk-reward ratio.
In summary, adding to winners and cutting losers can help a trader increase their expectancy, improve their risk-reward ratio, and ultimately increase the likelihood of long-term profitability.
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