The Get Irked Week in ReviewEpisode 9 – October 15-19, 2018
In the markets:• The market entered choppy and volatile trading this week following last week’s sell-off. • Canada’s legalization of recreational marijuana use lit up this week on Wednesday, October 17 as sales to the public began. Apparently, everyone was too high to notice that the consumer retail plays were collapsing as traders took profits following this key date.
Getting Started – Tools & Resources:• A surprisingly calm week led Get Irked to visit a number of topics including a strategy guide for how to handle choppy markets. • Get Irked released its full guide on Buying in Stages, how to do it, and, more importantly, why Buying in Stages is a strategy all long-term investors should follow to protect themselves against downside risk. • Get Irked also recommended picking up Humble Bundle’s “Win at the Stock Market” e-Book Bundle (still on sale if you want to grab yourself a library of books on the cheap).
Trades in Play:• With a lot of bouncing going on, Get Irked’s trades in play were surprisingly quiet after grabbing some big gains in the consumer pot stocks before Wednesday. There’s still plenty to talk about so stay tuned for our 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.