My story with Aphria Inc. (APH) is far from being all perfect and smooth, but it is my story. :-) Back in 2018, Aphria Inc. (APH) was among my top performers. When pot stocks began to make their apparition over the TSX, APH was by far the most interesting one for me, because of its involvement with the medical field.
Like probably many other investors out there, I couldn't resist the temptation of trading Aphria Inc. (APH). So I took the liberty to buy some APH shares, to shortly after sell them for profit. It was fun, but I took a bad decision: to trade again APH. My intention was - again - to quickly sell my APH shares for a profit. Unfortunately, I wasn't able to proceed and I had been stuck with my Aphria Inc. (APH) shares inside my non-registered portfolio ever since. However, I didn't mind because I taught that sooner or later, I was going to be successful with Aphria Inc. (APH). Also, it's been said a bit everywhere in the financial press that it will take a while before pot stocks begin to engage profit. I decided to be patient. At the time, I could have sold my stocks and declared a capital loss, but it wasn't an option that pleased me, even if I was experiencing a capital loss in the 50%.
In this type of situation, selling or holding is always your choice, it's a personal decision that needs to be made. Like always, when I invest for "play" and not for regular serious investment purposes, I only played on an amount that I felt comfortable with. It took me a long time, but it seems like Aphria Inc. (APH) is on the right track for more great gain. I never doubt that I was going to make back my money, but at some point, it felt like a long process. Over time, APH stayed in my portfolio, but I barely look at it. It's one of the rare stocks in my portfolio on which I had experienced a capital loss, even during this pandemic. Not fun, but I was aware of the risks involved when I invested in APH. My first time trading APH, I was fine, but the second time is when I got stuck with the hot mess. One thing is, no capital loss becomes real until you decided to sell your x stock. Capital loss? I don't have any yet when it comes to APH, as far as I am concerned.
I had closed today's session with a capital loss of -37.06% on Aphria Inc. (APH). I am still holding on tight to my APH shares inside my non-registered portfolio, I think that I may have chances for APH to experiment more grow, so we'll see. Also, for the first time ever, I read an article saying that pot may get legalized in the US. It's not something I was aware of, but if it happens, it seems like Aphria Inc. (APH) could be in a good position to benefit from any future legalization in the US. I am holding on tight and I pray for even more good gain for Aphria Inc. (APH).
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