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.
Ending this week in red after a small loss. It has been a choppy week and only one Launch list was published. The market appeared at times wanting to test it's recent lows but found buyers Friday afternoon. All this talk and debate about tariffs on steel has caused confusion on wall street and the result was choppy trading. It's still a great reminder to have and respect your abort levels and a red week like this will only be a blip on the radar no more.
This week, our TradeIdeas scanners have been putting out a possible list of good Launch candidates which made capturing profit a little bit more easy after two to three weeks of spinning our wheels (rocket engines in this case). With 7 launches, we captured profit on profit on $WBAI $TGTX $BLCM $SEM $DRNA
Another green but small weekly recap. Again, not seeing many long opportunities in our TradeIdeas scanners. Profit was captured on $UIS $KPTI $MNOV with a loss on $WAIR and $CBAY. Accuracy was not bad sitting at 60% with a profit/loss ratio of 96% which again gives a good combo to out us in the green zone.
This was a light week for trading as the market tries to recover from a relatively large drop. Our scanners were having trouble finding new LONG opportunities as most stocks where in correction. However, given the earning season, there has been a few possible candidates that worked out well. For this week profit was realized on $SNAP with a loss on $ANGI and $LTRPA Pl/L Ratio %234 accuracy 33%. Despite the poor accuracy, the week ended in a slight green because of a healthy P/L Ratio greate