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.
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 started strong but faltered towards the end. We almost ended the week in the red but managed to take a small profit and remain green. Thursday and Friday saw several Launches fail due to lack of momentum and follow through. It seemed like healthy pullbacks remained that way, a pullback that never resumed the uptrend.
We did however, reach a couple important milestones. First, the portfolio touched the $100K for the first time since starting in Dec of 2017. But, we still ended under that number due to a few loosing launches.