The Fourth was with us this week. May the 4th turned out to be a great momentum boost for the stock market as buyers finally seemed to be stepping in. Multiple stocks from the launch list triggered and hit the profit targets and beyond. This week we realized the best weekly profit on the $2.5K challenge to date pushing the portfolio closer to the $10K point.
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.
This was a slow week as I was busy with other house projects. Most of the launches were from prior weeks and the only single list published this last Friday 4/27. Despite being slow, we still ended the week in the green with 4 total launches. Two launches were profitable $UNIT and $GNMK while the other two were losers $DBD abd $ETP. Accuracy fell to 50% but the profit/loss ratio was 218% which is high, giving us another green week.
After a volatile week with the $SPY jumping all over the place, the $2.5K portfolio suffered a red week with a total loss of $109.70. This was the first week in the challenge where the share size per trade was adjusted to account for the new equity level of $5000. There was a lot of activity on the Launch list, with 19 total launches but it seems that by the end of the week nothing has been accomplished. This is normal in trading and you should not expect the profits just to roll in without some setbacks.