The Fourth was with us this week. May the 4th turned out to be a great momentum boost for the stock market as buyers finally seemed to be stepping in. Multiple stocks from the launch list triggered and hit the profit targets and beyond. This week we realized the best weekly profit on the $2.5K challenge to date pushing the portfolio closer to the $10K point.
For this week I want to expand more on the topic of "scrubbed" launches and how you can still capitalize on those. When stocks stay on the launch list for a long time (more than 3-4 weeks) and seem to depart downward from the launch price, I remove them from the list and tag them as scrubbed. It doesn't mean that the setup is invalid, it just means that it will take a longer time to realize that setup. The time could be weeks or months or never at all. However, for all these stocks, I have price alerts setup at the launch price so let's say in a few months I get a price alert that the launch price has triggered. At this time, this Launch can become activated again and I will trade those stocks. For example, this week two such launches met that description .$AVGR and $UA. These were stocks that were scrubbed but the price recovered and the original planned launch price triggered. They both ended up being good winners.
The market may have decided to find support at the 200 DMA and move on another leg up. We need the momentum and follow through to continue and need to see the volume on the SPY increasing more.
For this week profit was realized on $GHL $FTR $AVGR $UA $CHGG $NVTR $AGLE $AQMS $IRWD $SVU $CASI $GLUU $BCOV $MNTA $CHRS $CHGG. Accuracy was very strong at 84% with a good profit to loss ratio of 139%.
This is cumulative portfolio growth chart that captures the profit on a weekly basis from the $2500 challenge start trading a variable number of shares per trade. 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, StockTiwts, Twitter and Facebook and are traded using our SureTrader Platform. Our goal is not to brag about profits whether they are real or not, our goal is to track a winning system that generates profits based on transparent Launch plans that are published 2-5 times a week.
For this week, the portfolio gained a total of +$1903.20 with the portfolio up to a total sum of $8164
Here is the latest update to the $2500 Launch List Performance Card. Since the start on 12/8/2017 197 Launches, 64.5% Accuracy with an average Profit/Launch of $0.27/Launch. On a per share basis for the challenge start to date the Profit per Share was $26.03/Share. If you multiply that Profit Per Share times the average number of shares per trade (currently sitting at about 148 shares), that will give you the total profit on the challenge so far. Overall Profit/Loss ratio was 127.46% and the Overall profit factor is 2.26 to date.