Here is the latest update to the $50K Launch List Performance Card. Since the start on 2/05/2019 we completed 16 Launches, 87.5% Accuracy with an average Profit/Launch of $0.30/Launch. On a per share basis for the challenge start to date the Profit per Share was $4.55/Share. If you multiply that Profit Per Share times the average number of shares per trade (currently sitting at about 859 shares), that will give you the total approximate profit on the challenge so far. Overall Profit/Loss ratio was 77.15% and the Overall profit factor is 4.55 to date.
Weekly Portfolio Growth Summary
The chart below captures the cumulative portfolio profit growth on a weekly basis since the start of the $50K challenge where we trade a variable number of shares per launch. This chart only contains the trades that are launched based on the Launch List published on the site. The profit growth does not include intraday day calls from our intraday alerts. The portfolio growth is based on actual entries and exits from the Launch List that are published on the site, StockTwits, Twitter and Facebook . Our goal here is to track our Launch List system profits based on transparent Launch plans that are published 2-5 times a week.
For this week, the portfolio added it's first $3018.85 with the portfolio inching forward to a total sum of $54,738.
Closed the best week of the year with above average accuracy. This was only a four-day week yet the stocks that were identified made very solid moves towards the planned profits and beyond. This week also marks the official cross over of the $2.5K challenge portfolio the $25K milestone.
If anything, this proves that persistence, discipline and proper risk management can take you where you want to be.
This week started with a drop as several stocks launched on Monday quickly turned red and hit the abort price. That didn't last long as the following days brought steady profits culminating a very strong Friday. Although the profit this week was not as stellar as prior weeks, we still ended up in the green and this is all that matters. With a good accuracy of 60% and an average P/L ratio of 129% we remained in the profit zone. Several of the launches we aborted on Monday turned around and ended being profitable, however as the market was a bit choppy we did not relaunch those stocks.