Psychedelic investing and trading

[ExtraSlow]

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Why is everyone so convinced that MYCO will go up vs other similar companies? This thing has been falling like crazy for the last bit

I heard all the directors have had 5x vaxxxx.

[jabjab]

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I heard all the directors have had 5x vaxxxx.

what does that have to do with the stock price? I'm looking for serious answers here. I just picked up 6000 shares , dumped CYBN last week.

[vengie]

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what does that have to do with the stock price? I'm looking for serious answers here. I just picked up 6000 shares , dumped CYBN last week.

Only place for serious answers is Reddit.

[90_Shelby]

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Why is everyone so convinced that MYCO will go up vs other similar companies? This thing has been falling like crazy for the last bit

I’m about ready to dump it and accept the loss.

[jabjab]

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I’m about ready to dump it and accept the loss.

I admit, I got persuaded by that Bavarian guy that was pumping it like crazy on here. Maybe he can tell us why he thinks its a good investment unless he was pumping it for his own benefit lol

[CompletelyNumb]

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Buy order in at $0.18 to average down my $0.47 shares

Ahhh those were the days

[roopi]

BB has brought alot of good picks and I appreciate them all. I've only bought a couple after my own DD and he's made me a few dollars. They can't all be winners. I highly doubt he was dumping shares while you guys were buying.

You should have asked why it was a good investment before buying. You're doing it backwards.

[ExtraSlow]

The idea that bb is bothering with a pump and dump in this thread is laughable.

All of these stocks are risky. More risky than most others.

[vengie]

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I admit, I got persuaded by that Bavarian guy that was pumping it like crazy on here. Maybe he can tell us why he thinks its a good investment unless he was pumping it for his own benefit lol

Blaming someone else for your lack of due diligence is hilarious.

I predict significant growth in this sector, but it's early stages.
If you're watching your portfolio every day then this industry isn't for you.

Sit and hold for multiple years.

[tirebob]

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The idea that bb is bothering with a pump and dump in this thread is laughable.

All of these stocks are risky. More risky than most others.

No doubt... The volume we push through here in a month is probably not even a single trade by some of the big boys which still barely makes a dent in the value.

[ExtraSlow]

Yeah, pump and dumps are a real thing that us little fish need to watch out for, but yeah, this isn't how it's done.

[arcticcat522]

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Blaming someone else for your lack of due diligence is hilarious.

I predict significant growth in this sector, but it's early stages.
If you're watching your portfolio every day then this industry isn't for you.

Sit and hold for multiple years.

Agree. This is a very long play with some opertunities to trade along the way. If your into that kind of thing.

[jabjab]

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Blaming someone else for your lack of due diligence is hilarious.

I predict significant growth in this sector, but it's early stages.
If you're watching your portfolio every day then this industry isn't for you.

Sit and hold for multiple years.

I'm not blaming anyone, funny that is how you read that. I'm the one who picked up shares so ultimately its on me, i'm saying i wouldn't have even looked at MYCO before.

CMC is also a long term hold, high risk high reward (not psychedelic related)

[dimi]

The saddest part is that you think your 6,000 shares are going to move the market.

[ExtraSlow]

100,000 myco shares or gtfo.

I'm still in gtfo territory.

[max_boost]

What I learned, buy what you believe in and only risk what you are willing to lose.

I have PSYK at 8.40, the peak was 12, it's now 5.40, when should I average down?

I believe in this sector but it's going to be awhile, just look at how long it's taking MJ.

[jabjab]

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The saddest part is that you think your 6,000 shares are going to move the market.

Well again, you're assumptions are silly. I never said I'm looking to "move the market" on myco, it's just a small position i have so i don't miss out IF goes up and if it flops then whatever. I have other positions that I've done more research on that im more invested in.

[tirebob]

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What I learned, buy what you believe in and only risk what you are willing to lose.

I have PSYK at 8.40, the peak was 12, it's now 5.40, when should I average down?

I believe in this sector but it's going to be awhile, just look at how long it's taking MJ.

If you truly believe in the stock and you plan on riding it out and investing more anyways, you average down whenever you have the extra cash to do so. If you wait for the bottom you may get there, but if it goes up before you pull the trigger you missed the bottom anyways, so why not just keep buying while it is lower than you are invested for currently?

[kobe tai]

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If you truly believe in the stock and you plan on riding it out and investing more anyways, you average down whenever you have the extra cash to do so. If you wait for the bottom you may get there, but if it goes up before you pull the trigger you missed the bottom anyways, so why not just keep buying while it is lower than you are invested for currently?

I think we are better off waiting for a confirmed bottom and then averaging on a clear reversal on the way up. So far not much sign of any kind of reversal

[JRSC00LUDE]

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The idea that bb is bothering with a pump and dump in this thread is laughable.

All of these stocks are risky. More risky than most others.

This. If you're going to get into that, you are going ro choose a platform with way higher viewership lol

I've been throwing money into this based on no real knowledge, But that's why I look at it as gambling. Not going to hurt me if I lose my chips But even if it did, no one to blame but myself.