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 has been a better week than those before as the market staged a nice move after Trump's bullish speech at congress last weekend. There was only one published Launch List on Wednesday as I have been very busy at work. That list however, produced several successful Launches. I was also watching several of the picks waiting on the Launch pad from weeks and days prior. Some of those stocks were successful too.
Overall profit taking accuracy and average profit % has improved.
This week was most certainly a choppy week for our portfolio as both the profit % and accuracy were low. However, we were still able to pull a profit of about 1.1% on average. The portfolio hit the $100K mark for the first time this year stating from a balance of $25K on Jan 1st.
Several of the loosing trades could have been avoided, but what matters is learning from those mistakes and continuing to sharpen the Launch List.
A great week with so many stocks firing off from the Launch Pad and delivering solid profits. Trending down is my accuracy and that is something I will keep an eye on over the next few weeks to better understand root cause. Although the accuracy is trending down, it still remains at a solid 60% for this week. This is actually my target zone 60-70% and this is why I only choose Launch setups where the Profit/Risk Ratio is above 100-150% which gives me some leeway if my accuracy drops even below 50%. That still makes the Launches overall profitable.