The Get Irked Week in ReviewEpisode 10 – October 22-26, 2018
In the markets:• What a week! As many analysts predicted, the bounce we saw earlier this week was short-lived and the market crashed to lower levels creating a stomach-flipping rollercoaster of a week in terms of market action. • Earnings season started in earnest this week with surprises in both directions. Tesla (TSLA) blew away all expectations with an outstanding PROFIT (analysts were expecting a loss), while Amazon (AMZN) surprised by disappointing with negative forward guidance.
Getting Started – Tools & Resources:• Multiple times throughout the week, we revisited the principles of when to buy, when to sell, and how to Buy in Stages, all important topics when market volatility reigns supreme. We investigated each of these topics in much greater detail.
Trades in Play:• With unbelievable market drops, we regularly posted updates at the beginning of each trading day reminding investors what their strategy should be and whether that day should be a good (or bad) day to buy. • This week’s trade recap will delve deep into strategies and techniques as it was a busy week for trading. Several different scenarios played out reinforcing the long-term investment strategy of Buying in Stages rather than going all-in as well as the importance of placing your limit-buy orders in advance, just in case a quick drop is followed by a bounce and the stock not seeing those low levels again. Stay tuned for this informative round-up later this weekend.
Disclaimer: Eric "Irk" Jacobson and all other Get Irked contributors are not investment or financial advisers. All strategies, trading ideas, and other information presented comes from non-professional, amateur investors and traders sharing techniques and ideas for general information purposes.
As always, all individuals should consult their financial advisers to determine if an investing idea is right for them. All investing comes with levels of risk with some ideas and strategies carrying more risk than others.
As an individual investor, you are accountable for assessing all risk to determine if the strategy or idea fits with your investment style. All information on Get Irked is presented for educational and informational purposes only.