Get Irked – Week in Review – Episode 3

The Get Irked Week in Review

Episode 3 – August 27 to September 7, 2018   We didn’t do a Week in Review last week, opting instead to do a monthly review of our recommended plays from August and investigating their performance. This episode will cover both the four-day Labor Day week as well as the week prior.  

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In the markets:

 

• Labor Day weekend marks the end of summer and the beginning of the “September Swoon,” a historical time period where many traders take profits in September to protect themselves against year-long losses. The S&P pulled back nearly 1.5% from its highs throughout the short week before bouncing on Friday to close down about a percent for the week.
• Q4 (September-December) tends to be a positive time in the markets, however this year may be interesting with the China trade war and mid-term elections on the horizon.
• As you may have noticed, we were pretty quiet this week with just a few moves – the 4-day weekend and many traders taking their last vacation makes the markets a little slow sometimes.
• One of our members asked us to take a look at his extremely successful Vonage (VG) play and what to do with the position. We investigated a variety of different strategies including stop-losses and preparing for VG’s next move.
• Another member asked us to take a look at Corning (GLW) as a potential long-term / swing play. After a deep dive, we liked it so much that we took a position ourselves. Historically a slow mover, GLW is up about 0.7% from where we opened our starting position.
• J.P. Morgan released You Invest, their platform supposedly built-to-compete against free-to-trade Robinhood. Spoiler alert: It doesn’t.

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Getting Started – Tools & Resources:

 

• We reviewed Chat with Traders, an excellent free podcast featuring Aaron Fifield, an Australian trader, who interviews influential traders and investors from throughout the markets to garner valuable insights that can help influence our own trading styles.

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Trades in Play:

 

• We reviewed all of our current trades-in-play last week, spotlighting a few exit trades as well as new positions in international stocks made available thanks to Robinhood adding over 250 stocks now previously available to most North American traders to their platform.

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Future Plans:

 

• In the coming days, we’ll review our different trades from over the course of this week which included adding to several existing positions as well as taking profits here and there.
• We asked members what they would like to see in the way of featured dives so we’re working on Boeing (BA), Caterpillar (CAT), Disney (DIS), Southwest Airlines (LUV), and Nike (NKE).
• Speaking of Nike, one of our long-term holdings, the company kicked its stock around this week after announcing a controversial new advertising campaign.