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 short week ending on 3/29 due to the market being closed on Good Friday. Over the span of the four trading days, there has been 15 Launches with 11 profitable and 4 loosing launches.
A second re entry on $JAG was by far the most profitable Launch this week. If you are wondering why I choose sometimes to attempt a second launch that failed the first time I can tell you that it really depends on the actual underlying stock and the price behavior. In the case of $JAG, it was the price action premarket and how the Level 2 quotes looked like two days in a row.