Week 2/15 – 2/19 2021

This week was a short 4-day trading week, Monday 2/15, was President’s Day. The portfolio took its first lost this week but did end the week positive.

 

 

 

Portfolio Recap:

Account Value as of 2/15: $1,147.07

Account Value as of 2/19 market close: $1.175.82

Increase: $28.75 or 2.5%

 

Account Positions:

 

 

BJ – BJS Wholesale Club Holdings

Last week’s total gains: $(-4.62), -1.51%.

This week total gains: $7.00, 2.29%.

Current Price – $44.66

Entry – $43.66

Stop – $41

Risk (in Dollars) per share – $2.66

Risk (in %) – 6.10%

Note: Stop for this position remains the same as last week, I will not be updating the stop order until BJ’s stock price is at least $48.98. This would be where my 2x my initial risk on the position is.

 

CRON – Cronos Group Inc Com

CRON is a cannabis stock both in the US and internationally. It manufactures, markets, and distributes hemp-derived supplements and cosmetic products.

Entry – $13.069

Stop – $11.00

Risk (in Dollars) per share – $2.069

Risk (in %) – 15.83%

Note: This position replaced POLA, due to it getting stopped out.

 

QS – Quantumscape Corp

Last week’s total gains: $55.76, 25.11%.

This week total gains: $91.96, 41.41%.

Current Price – $62.26

Entry – $44.42

Stop – $40

Risk (in Dollars) per share  – $4.42

Risk (in %) – 10%

Note: Stop has not yet been updated for this position. Currently, this QS position is a little over 4x the initial risk. I’m going to let this position run as long as possible, stop will be updated maybe in 3-6 months.

 

TU – Telus Corp

Last week’s total gains: $(-3.77), (-1.27)%.

This week total gains: $(-8.25), (-2.77)%.

Current Price – $20.64

Entry – $21.23

Stop – $20

Risk (in Dollars) per share  – $1.23

Risk (in %) – 5.8%

Note: This position is hanging in there. Its close to getting stopped out but lets see what next week has in store for TU.

 

Orders From The Week

Losses and Learning Of The Week

This week my POLA position got stopped out at $17 on 2/16. I’ll continue to monitor POLA charts and if an opportunity shows itself and I have available funds I may consider taking a position again. The stop definitely saved my portfolio from a larger loss, POLA stock price dipped to as low as $13.85 on 2/18. In trading there should only ever be 3 possible outcomes: small loss, small win, or large win. This position was still a good trade even though the result was a loss, I made a plan and follow it all the way through.

QS is still my leading position, totally unexpected but still a welcomed gain. QS stock’s week high was $71.97.

Next week is the last trading week in February, just like that February is almost over.

Thank you for following and please leave a comment. Also feel free to leave any questions in the comment, I’ll try my best to address them all.

-Keng Vang