Week 2/22 – 2/26 2021

What a week to end the trading month of February. The first red week! This week the portfolio ended with a balance that is lower than last week. In trading we have to take what the market gives us, unfortunately this week was a loss but the good news is that the portfolio only lost what it intended to lose and nothing more. Also, I decide to hold off on replacing any of the positions that were stopped out. The Market looks to be correcting and there is no telling how much of a correction there will be.

 

Portfolio Recap:

Account Value as 2/22: $1,166.85

Account Value as 2/26: $1,086.11

Decrease of $80.74 or 6.92%

 

Account Positions:

 

QS – Quantumscape Corp

Last week’s total gains: $91.96, 41.41%.

This week total gains: $55.41, 24.95%

Current Price – $54.93

Entry – $44.42

Stop – $40

Risk (in Dollars) per share  – $4.42

Risk (in %) – 10%

Note: There is only 2 ways to leave this position, 1) it gets stopped out 2) It makes a huge run!

 

TU – Telus Corp

Last week’s total gains: $(-8.25), (-2.77)%.

This week total gains: $(-16.65), (-5.60)%.

Current Price – $20.04

Entry – $21.23

Stop – $20

Risk (in Dollars) per share  – $1.23

Risk (in %) – 5.8%

Note: 4 cents from stop, this position may not last another week.

 

Orders From The Week

 

Learning Of The Week

There is no need to rush, after a string of losses just take some time to look for better trades. Slow down the loss and survive to trade another day. There will always be opportunities don’t let revenge trading become a habit. Losses may be due to market conditions changing and if this is the case new trades will not survive.

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