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.
What a fantastic week this has been. We hit the largest single weekly profit since the start of the $2500 challenge. We also crossed another key milestone of $125K. There were a total of 22 launches making this another busy week . As some of you may know, we are in the process of developing an automated tool to trade our launch list automatically and expect this to be in validation for the next several weeks. This should make managing the Launch list more smooth and less emotional.
The weekly profit for the portfolio has been going up steadily and this week was a solid profitable one. We hit a significant milestone by crossing and holding the $100K mark. This was also a very busy week as we had 27 Launches with the nightly overnight scanners showing good opportunities. If you trade during the day however, it would seem that the market is on vacation with the lack of volume and volatility. Nevertheless, we plan the night before and act on those plans accordingly.