Week 3/8 – 3/12 2021
The second week of March and the market has given us a green week. At the moment its unclear if this week is just a breather for the down trend or if it a reversal to the upside again. However as trader where there is movement there is an opportunity to make some money. You say green and I ask how high, you say red I ask how low.
Portfolio Recap:
Account Value as of 3/8: $1,018.54
Account Value as of 3/12: $1,037.30
Increase of $18.86 or 1.84%
Monthly personal input on 3/12: $100.
Account Value after personal addition: $1,137.30
Account Positions:
PPG – PPG Industries Inc.
Sector – Materials
Entry – $146.58
Stop – 130.00
Risk in Dollars – $16.58
Risk in Percentage – 11.32%
Number of Shares: 1
This week total gains: $(-1.28), -0.87%
Current Price – $145.30
Note: I saw that this stock is has broken out of a multi-year range. As far back as 2015 this stock has been range bound between 100 and 120. If this is the breakout I expect stock prices to never enter that range again.
TU – Telus Corp
Last week’s total gains: $(-4.89), (-1.64)%.
This week total gains: $1.55, 0.52%
Current Price – $21.34
Entry – $21.23
Stop – $20
Risk (in Dollars) per share – $1.23
Risk (in %) – 5.8%
Note: This position still amazes me, finally green again. I have hope that this position will continue to make gains.
U – Unity Software
Sector – Information Technology
Entry – $98
Stop – $85
Risk in Dollars – $13
Risk in Percentage – 13.27%
Number of Shares: 1
This week total gains: $7.71, 7.87%
Current Price – $105.70
Note: I saw that Unity has been beat up for the last 6 weeks. Last week’s price approached the weekly 200 ema and this week looks to be holding, this is one of the main reason for this trade.
XLNX – Xilinx
Sector – Information Technology
Entry – $125.08
Stop – $110
Risk in Dollars – $15.08
Risk in Percentage – 12.1%
Number of Shares: 2
This week total gains: $0.74, 0.30%
Current Price – $126
Note: This stock was alerted to me by my scanner. Looks to be holding above its weekly 50 ema. Which ones of my favorite stock setups. lets see how this one plays out!
Orders From The Week
Learning Of The Week
Our job as traders is to survive all the turns the market likes to turn at us and learn to make them into advantages. When the market gives you draw downs learn to take them and make them into opportunities for huge growth and gains. We will never know exactly what the market could do but we need to be ready. This is a big game of chess and our job is to see all the traps and protect the king (our portfolio).
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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