Week 3/1 – 3/5 2021
This week was a brutal week for the portfolio. However, in trading a trader must be willing to take the draw down as much as the gains. Red times in the market makes for opportunities. Surviving until opportunities open is how trader are able to succeed.
Portfolio Recap:
Account Value as of 3/1: $1,107.02
Account Value as of 3/5: $1,019.23
Decrease of 87.79 or 7.9%
Account Positions:
TU – Telus Corp
Last week’s total gains: $(-16.65), (-5.60)%.
This week total gains: $(-4.89), (-1.64)%.
Current Price – $20.88
Entry – $21.23
Stop – $20
Risk (in Dollars) per share – $1.23
Risk (in %) – 5.8%
Note: Last week this position was 4 cents from getting stopped out but this week it mentioned to survive and happened to be the only position that is still alive. Kind of the opposite I expect, this position getting stopped and the QS position remaining. What a turn of events.
Orders From The Week
Learning Of The Week
Never discount a position until it plays itself out. This week I expected TU to get stopped out and QS to keep going but the opposite occurred. However, I’m extremely happy that TU is still surviving.
I also have found 2 positions to get into for next week: PPG and U.
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
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