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.
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.
Another solid week of profits but with a drop in profit taking accuracy. The Launch list had very strong performers such as $MODN and $FOLD. A fewer than normal stocks hit the Launch target but still there are Launch price including 5 that are in flight mode as shown below. Overall, the market seems to be ripping higher which means be greedy but also be cautious because if the market corrects, it will be fast !
These five stocks have lifted off and are in flight mode so keep an eye on them if you decided to trade them. These are $BKMU $FUEL $GSV $CLRB and $REPH.
Another solid week of profits but with a drop in profit taking accuracy. The Launch list had very strong performers such as $CERU and $HMNY and so many stocks that hit the Launch price including 4 that are in flight mode as shown below. Overall, the market is still moving up and despite a slowdown for a couple of weeks, there was some underlying subtle momentum.
Four stocks have lifted off and are in flight mode so keep an eye on them if you decided to trade them. These are $FUEL $MOBL $GSV $GCAP and $MODN.