It has officially begun. A new challenge for 2019 where I am attempting to grow a $50K account to a much larger account using the Launch List Process. It took a few weeks to get everything ready as this challenge will be managed through full automation and the use of the proprietary Command Center.
Too bad because the market was having a great rally since the start of the year. In fact this week was the first week where the market had it's first pullback. Despite that,we managed to start this challenge on Tuesday of this week and ended up in the green.
For this week profit was realized on $ASB $DBX $TGI and $MTW with a loss on $MOD $GMS. Profit Accuracy was at 67% and a profit/loss ratio of 92%.
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 $719.60 with the portfolio inching forward to a total sum of $51,720.
Weekly Performance Growth Summary
Here is the latest update to the $50K Launch List Performance Card. Since the start on 2/5/2019 we completed 6 Launches, 66.7% Accuracy with an average Profit/Launch of $0.11/Launch. On a per share basis for the challenge start to date the Profit per Share was $0.61/Share. If you multiply that Profit Per Share times the average number of shares per trade (currently sitting at about 970 shares), that will give you the total approximate profit on the challenge so far. Overall Profit/Loss ratio was 74.87% and the Overall profit factor is 1.87 to date.