The Dime 15 Years of Cannabis Trading . Why I'll Sell Early (Unless This Happens) ft. Dan McDermitt
Investing in cannabis requires a split personality.
Everyone thinks they're early. Dan McDermitt has been trading the sector for 15 years — through the Canadian boom, the Biden promise, and the slow bleed that followed. His take: if you've been through multiple pump-and-dump cycles, you're not early anymore. You're just still here.
This is a masterclass in separating trader psychology from fundamental conviction. Dan explains why he keeps a small position just to stay seated, why he already knows he'll sell early on the next catalyst, and why the moment everybody's talking about cannabis on Wall Street Bets is the moment you size up — not before.
This week we sit down with Dan McDermitt:
- The "I'm early" delusion
- Why traders sell early
- Catalyst stacking thesis
- MSOS mechanics breakdown
Chapters
00:00 The Catalyst Dilemma in Cannabis
03:03 Trading Strategies and Market Positioning
05:48 Understanding Trader vs. Fundamentalist Perspectives
08:46 The Unique Nature of MSOS Trading
11:51 Market Dynamics and Trading Psychology
15:03 The Role of Uplisting and Rescheduling
18:08 Long-Term Perspectives in a Volatile Market
21:04 Risk Management and Trading Mindset
23:51 The Impact of AI on Trading Strategies
Summary
In this conversation, Bryan Fields and Dan McDermitt discuss the current state of the cannabis market, focusing on the challenges and opportunities within the sector. They explore the impact of potential rescheduling and uplisting on cannabis stocks, the differences between trading and fundamental analysis, and the unique trading dynamics of MSOS. Dan shares insights on risk management, trading psychology, and the influence of AI on trading strategies, emphasizing the importance of adapting to market conditions while maintaining a disciplined approach.
Guest Links:
- https://x.com/ChartGuys
- https://www.instagram.com/chartguys/
- https://www.youtube.com/@ChartGuys
- https://www.chartguys.com/
Our Links
Extraction Teams: Want to cut costs and get more out of every run? Unlock hidden revenue by extracting more from the same input—with Newton Insights.
At Eighth Revolution (8th Rev), we provide services from capital to cannabinoid and everything in between in the cannabinoid industry.
The Dime is a top 5% most shared global podcast
The Dime is a top 10 Cannabis Podcast
The Dime has a New Website. Shhhh its not finished.
🎥 YouTube: The Dime
📸 Instagram: The Dime
https://www.newton-insights.com/
Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.