Ed's Got My Money Ed, Jonesy, David

Ed doesn't like the outlook for pot stocks in the short term and David is quick to pounce on him for this. David has seen his investment drop considerably and no turn around is in sight considering he is stuck in one stock for the foreseeable future. Holly is of course dominating and Jonesy surprises the hell out of David by confessing he has invested a little extra on the side. Where will the market take the boys next?

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David accuses Ed of not knowing what the hell he's talking about, questioning his trust. Jonesy is confused by Ed's manic behavior where one moment he'll claim:  "Rally is-a-coming!",  and the next: "These things are volatile, anything can happen!" After grievances are aired, Ed accuses the guys of ignoring everything he's taught them and challenges them to make their own buy/sell decisions for the next whole month.  David tells Ed he's way too emotional and Jonesy confesses to having sex in a tiny house. 

Jonesy and David are both down from their initial $500 investment. David deliberately disobeyed Ed's order to get out of a pot stock that nearly cut in half. This "surrender" caused him to lose everything he had gained and more. Ed gets riled by David's insinuating that his method might be B.S. Meanwhile, the market is in a downturn overall and some of the pot stocks are getting beat up. It's a crucial time and Ed is hoping that out of this will emerge some true winners for the long haul. Is FRLF, the stock Jonesy owns, one of them?
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Ed opens with an angry rant about how everyone needs to learn to take profits. Aka sell into strength! David is scared of, not just the overall market, but where life is going in general on this planet. His fear also manifests itself in a "Grumpy Fickas" conspiracy theory about a rigged stock market. Ed reassured us that pot stocks are in a growth stage and no one knows which one's will be the winners therefore it's not possible to rig this. Ed bashes the Stash app and extolls the higher virtue of his tried and tested investment strategy. A rally is on the horizon!

Jonesy's stock went up 140% without him and Ed uses this instance to hammer home how you can't use "what if's" when making decisions. Ed also covers a defensive strategy he's used in the past when stuck in a stock. Remember penny stocks are ticking timebombs waiting for good news to send them into orbit. Lastly, David and Jonesy are encouraged when Ed says that the support he is seeing in these pot stocks is setting the stage for a nice rally. When these stocks can't be pushed down there's only one way to go. Up!

Jonesy reflects on his recent move after Ed gave him the option to sell and buy on his own. Ed reminds David and Jonesy that the orders he gives are always time sensitive. How do you use movement in volume to identify short-selling. Jonesy reads some of the tips that Ed recently put on his Pot Stock Facebook page such as: Do not chase a stock and always sell on the way up. Also David identifies a moment where Ed breaks wind and should we end the podcast there?

FOLLOW AND SUBSCRIBE. http://facebook.com/edsgotmymoney and http://twitter.com/edsgotmymoney HOSTS: Ed http://twitter.com/stocking_u Dave http://twitter.com/dfickas Jonesy http://instagram.com/funnyjones