Risk Disclaimer

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).

Golden Minerals (AUMN)

After several weeks of the most epic short-squeeze I’ve seen in years, Golden Minerals (AUMN) finally came back down to Earth with a resounding “thud.”

While AUMN is higher now than where it was when the squeeze started, it still lost a whopping -42.63% this week which easily puts it in the spot of the Week’s Biggest Loser.

Short S&P 500 ETF (SPXU): Profit-Taking x 3

When the market rallied on Monday, I used stop-loss limit orders to lock in gains on my ProShares UltraPro Short S&P 500 ETF (SPXU position. My sale filled at $12.39, selling 7.69% of the position and locking in +7.55% in gains on shares I bought for $11.52 on October 9.

On Wednesday, I took more profits in SPXU as the S&P 500 continued to sell off with another buy which went through at $12.76, selling another 9.79% of the position and locking in +6.78% in gains on some of the shares I bought for $11.95 on June 2.

On Thursday, I used a trailing stop-loss order to take more profits if the S&P 500 reversed intraday which it did, filling the order to take another 9.09% out of the position at $13.02. This sale locked in +8.96% in gains on the remainder of the shares I bought for $11.95 on June 2.

The combined orders gave me a $12.72 average selling price and lowered my per-share cost -2.47% from $11.75 to $11.46. From here, my next buy target is $11.37, a bit above a recent point of support, and my next sell target is $13.78, quite a bit under the next point of resistance.

SPXU closed the week at $13.52, up +7.47% from my $12.58 average sell price.