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 week the market remains in no man's land failing to propel back up, but at the same time failing to break down below recent lows. The trend is most definitely to the downside as technical damage has been done to all the major indices. However, there are expected to be bounce days that decelerate the downtrend, and shake out the occasional weak short sellers. Overall, it makes it tough as a long biased trade to hold onto any sizable gains.
With a transition week between the months of October and November, we saw one impressive reversal. October has been no doubt a challenging month, with a lot of technical damage done to the major indices. We suffered three consecutive loosing weeks which was a first for the Launch List process. It's difficult to pin point one root cause for the decline, but one thing for sure appears to be a sensitive issue and that is the trade war with China coupled with the Federal Reserve talking about a continuous increase in interest rates even is they overshoot the optimal levels. As soon as we go