Sundial Growers Inc (NASDAQ: SNDL), a cannabis company headquartered in Calgary, Canada, manufactures and sells cannabis products in the medical and recreational market

The process for investing in Sundial Growers is the same as any other stocks listed on the NASDAQ stock exchange. Before you buy any shares in any company, take three steps:

Several catalysts have caused massive growth in the cannabis industry lately. In this growing industry, Sundial Growers Inc is one of the smaller companies with a market cap of just over $ 1 billion (although this is changing rapidly due to volatility) Recently, traders have been betting on SNDL stocks to quickly move in price as they rebound from a rough 2019 IPO and track the momentum of Tilray (NASDAQ: TLRY) and others

Cannabis carries higher risk than other stocks you can buy.Although cannabis has been federally legal in Canada since 2018, it is still considered a List I narcotic in the US Many people bet that this will soon change as the Democrats control the government, but there is no guarantee that it will, so be aware of these risks before buying shares in SNDL or any other cannabis company

Before you can invest in any company, you must first choose a broker service to execute your trades Now that most brokers have moved away from a commission model, you can buy SNDL stock for free regardless of which broker you choose

Define your strategy, then choose a broker that has the tools necessary to execute your investment strategy.If you feel you need some practice before putting your hard-earned cash to work, choose a broker who offers paper trading

Finally, keep an eye out for special offers from various brokers and you may receive bonus money, a free share for you and your friends, and / or numerous other potential benefits

Founded in 2017, Webull is a mobile app-based broker that offers commission-free trading in stocks and exchange-traded funds (ETF) It is approved by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) regulated

Webull provides active traders with technical indicators, economic calendars, research agency ratings, margin trading and short selling. Webull’s trading platform is designed for advanced and experienced traders, but beginners can benefit as well

TradeStation is intended for advanced traders who need a comprehensive platform The brokerage offers an impressive range of investable assets as frequent and professional traders appreciate the wide range of analytical tools TradeStation’s app is equally effective and offers extensive platform functionality

This publicly traded discount broker, which has been around for over four decades, is service intensive and offers intuitive and powerful investment vehicles, especially when it comes to investing in stocks with a flat fee, with the company claiming to have no trading minimum, no data fees and no platform fees, although it is more expensive than many other discount brokers, what tipped the scales in its favor is the well-rounded service offering and the quality and value it offers its customers

Moomoo is a commission-free mobile commerce app available on Apple, Google and Windows devices. A subsidiary of Futu Holdings Ltdis backed by venture capital firms from Matrix, Sequoia and Tencent (NASDAQ: FUTU) By Futu Inc Securities on offer regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA)

Moomoo is another great alternative for Robinhood.This is a great trading platform if you want to dive deep into smart trading.It has impressive trading tools and opportunities for new and advanced traders, including advanced charting, pre- and post-market -Trading, international trading, research and analysis tools as well as the most popular free level 2 quotes

Instantly download Moomoo to your phone, tablet, or other mobile device

After selecting a broker, you need to decide how many SNDL shares to buy. Factors to consider include your age / time horizon, your risk tolerance, and your reasonable expectations for the future of the company

While investing more than a few percent of your money in a company is extremely risky, it is an even greater risk with a cannabis company. Before you place an order to buy with your broker, you need to determine how much money you want to risk when to sell up to take profits and when to sell down to protect your account

Now that you have answered these important questions, you can search for a great price and buy SNDL

After you have determined how many SNDL shares you would like to buy, your activity as an investor is not complete. You must now decide which order type you want to use

The most basic type of order is the market order, which fills your order at the current market price.This type of order is best used when you are buying a low volatility stock and trying to do it right away if you want to better define your risk, you should instead Using a Limit Order That Lets You Buy Stocks at a Set Price or Below When you are trading an extremely volatile stock like Sundial Growers, it can be beneficial to use a limit order as it prevents your buy order from becoming one Price running, which means you are in the stock from the start

Once you’ve determined the appropriate type of order, all you have to do is send your purchase order to your broker and wait for your order to be processed. Once the order has been placed, your shares in SNDL should appear in your brokerage account

Sundial Growers Inc was first founded in 2006, but it wasn’t until 6 Its IPO on August 8th, 2019 debuted on the streets with a share price of around $ 13 per share, the price of SNDL shares was down over 90% at the beginning of 2021. This year has been very friendly to Sundial Growers as cannabis is due to hopes of legalization and the influence of r / wallstreetbets continues to increase

SNDL started the year at just under $ 050 per share, while the current price (as of 11 February) is now over $ 3 per share!

While the cannabis sector remains a volatile sector, an investment in Sundial Growers Inc (SNDL) can lead to the following positive factors:

While the cannabis sector looks promising, you can certainly find some potential downsides to buying stocks in Sundial Growers:

Right now, not many stocks are hotter than Sundial Growers Inc In addition to being one of the most popular cannabis stocks, it’s also one of the most actively traded stocks in the United States

Investments in the cannabis sector are likely to continue to be volatile as the rage continues in 2021. Several factors such as political developments, medical breakthroughs, and Reddit influences can have an immediate and drastic impact on the price of SNDL stock. Be aware of these up and down risks, before buying shares in Sundial Growers

0 Commissions and Minimum Deposits Everyone gets Smart Tools for Smart Investing Webull supports trading with extended business hours, including full pre-market sessions (4:00 am to 9:30 am) and after hours (4:00 pm to 8:00 pm) ) Webull Financial LLC is registered with and regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA)It is also a member of the SIPC, which (up to 500$ 000, including a limit of 250$ 000 for cash) protects against the loss of cash and securities held by a customer with a financially troubled brokerage company with SIPC members

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