April 30, 2021
The positions in this portfolio are incredibly risky and extremely volatile.
No one at Get Irked is a professional financial adviser (or a doctor), so consult with your own financial adviser to see if any of these positions fit your risk profile (and stomach).
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The Week’s Biggest Winner & Loser
Uranium ETF (URA)
You know it’s a weird week when the best performing stock in a speculative portfolio is the one that tracks the uranium market, but that’s what we had this week as the Uranium ETF (URA) gained +2.94% and brought home the title of the Week’s Biggest Winner.
Pinterest (PINS) got positively slaughtered after reporting earnings and announcing that its audience wasn’t growing nearly as fast as it needs to in order to be considered a growth stock with long-term prospects. PINS got slammed -11.49% to snag the Week’s Biggest Loser spot.
Target Position Size
Current Position Performance
1st Buy: 5/16/2019 @ $25.72
Current Per-Share: -($33.69)*
Carnival Cruise (CCL)
1st Buy: 3/12/2020 @ $17.25
Current Per-Share: $4.30
Airlines ETF (JETS)
1st Buy: 5/14/2020 @ $11.30
Current Per-Share: $4.87
1st Buy: 2/26/2019 @ $23.23
Current Per-Share: (-$142.16)*
1st Buy: 1/10/2019 @ $19.54
Current Per-Share: (-$6.69)*
Virgin Galactic (SPCE)
1st Buy: 10/31/2019 @ $9.87
Current Per-Share: (-$35.45)*
Tradeweb Mkts (TW)
1st Buy: 4/8/2019 @ $39.22
Current Per-Share: -($23.18)*
1st Buy: 3/12/2020 @ $76.94
Current Per-Share: (-$0.07)*
Grow Gen. (GRWG)
1st Buy: 10/30/2020 @ $16.04
Current Per-Share: $22.06
General Electric (GE)
1st Buy: 3/6/2020 @ $9.40
Current Per-Share: -($1.01)*
1st Buy: 1/29/2021 @ $52.97
Current Per-Share: $52.97
Uranium ETF (URA)
1st Buy: 2/23/2021 @ $17.97
Current Per-Share: $17.97
1st Buy: 2/12/2021 @ $31.50
Current Per-Share: $25.65
* Indicates a position where the capital investment was sold.
Profit % for * positions = Current Total Profit / Original Capital Investment
Recovery Speculation Basket
What is the Recovery Speculation Basket?
The Recovery Speculation Basket (“Recovery Spec”) represents stocks that will thrive if vaccines are released quickly and we return to normal but have the likelihood of collapsing if more lockdowns occur. These positions are too speculative to have their own allocation and share a single allocation.
Currently, my Recovery Spec stocks are as follows: the Airlines Exchange Traded Fund (JETS) and Carnival Cruise Lines (CCL). They are listed as a single allocation in the portfolio breakdown chart each week.
This Week’s Moves
How to Survive Boredom… Another Week of Nothing
Yep, here’s another week where absolutely nothing happened in the Speculation in Play portfolio. No buys. No sells. Nothing. In fact, the last time anything happened in this portfolio was during the week ending April 2.
What do I do to prevent myself from doing something stupid? I re-evaluate my trading strategies… a lot. On an almost daily basis (at times), I will look at each of the stocks in my Speculation in Play portfolio and play out different arguments in my head.
- Do I think this company’s earnings will be good or bad?
- Do I think these resistance levels will hold?
- Do I think there are better support levels higher up?
- Is my trading thesis still sound?
Usually, I end up changing nothing.
Years and years of being involved in the stock market has taught me that the best course of action when you don’t know what to do is to do nothing. Sure, it can be boring, but I’ve found boredom is a much preferable feeling to losing money because I was too impatient.
Want Further Clarification?As always, if you have questions about any of my positions or have positions of your own that you’re curious about – feel free to leave a comment below!
See you next week!
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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.