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.
Weekly Performance Growth Summary
Here is the latest update to the $2500 Launch List Performance Card. Since the start on 12/8/2017 we completed 714 Launches, 65.8% Accuracy with an average Profit/Launch of $0.23/Launch. On a per share basis for the challenge start to date the Profit per Share was $137.44/Share. If you multiply that Profit Per Share times the average number of shares per trade (currently sitting at about 1466 shares), that will give you the total approximate profit on the challenge so far. Overall Profit/Loss ratio was 104.71% and the Overall profit factor is 2.00 to date.
Weekly Portfolio Growth Summary
The chart below captures the cumulative portfolio profit growth on a weekly basis since the start of the $2500 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 another $5,686.75 with the portfolio reclaiming a new high of the year to a total sum of $151,304.
This was by far another record week for the $2.5K account size challenge. With a total of 27 Launches combined with an accuracy of 89% and a Profit to Loss Ratio of 159% the portfolio continued to move forward breaking the $15K milestone. It seems that Monday's are the choppiest days where we see the most losses and Wednesday where we have to most activity and winning. $ARWR was a looser on Monday, but was a relaunch on Friday. We also traded a Launch setup that was scrubbed in the past $PGTI as soon as we got the alert. Remember, scrubbed launches are always good setups if the charts