GRWG, or GrowGeneration Corp, was a hot Marijuana stock on 1/11/2018, trading north of 1.2 million in volume and up by more than 52% on the day. This company announced a strong financial report claiming a raise in over $9MM in growth capital and an increase in revenue guidance in 2018 to $30MM.
1. I think the main thing I learned from this trade was to really try to get an order placed the day before in the afternoon. Mornings are a little late to buy in. The folks that bought and held overnight banked hard on this play.
2. This was a degenerate gamble for me. Didn't research GRWG. Just saw that it was a Gap and Go and chased the price action. My first pick was LTUM, a lithium company, but it started tumbling and I bailed out of it within 3-4 minutes. That's why I didn't get into GRWG until nearly 5 min after opening bell.
I assure you that it's merely a coincidence that I traded a marijuana stock on a Friday...