October has brought the blues to the market. Maybe that's why they call this season "Fall" ? Not talking about the leafs on trees but the stock market. October is historically a bad month for stocks, and two of the worst stock market crashes occurred in October. The question on every trader and investor's mind is whether this is a temporary correction before the end of the year santa rally or the beginning of a longer bear market ? Time will tell, and all we can do is monitor the direction of the market and react accordingly with due diligence and proper risk management. For now, I am not altering the process as long as quality setups show up in the nightly scans. Having said that, this was the first red week for the launch list since 4/13/2018. So a 22 week winning streak has been broken.
For this week, we had 16 launches where profit was realized on $AMAG $VNET $COG $DERM $FOLD $VIAV $ATSG $EXEL and loss was realized on $ARLO $COLL $SLCA $FRAC $VCEL $ADRO $SGMO $ARWR. The accuracy leveled at 50% while the profit/loss ratio ended at 76%. With this combination, we ended the week in the loosing zone.
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 lost a total of -$2,289.85 with the portfolio pulling back to a total sum of $128,296.
Here is the latest update to the $2500 Launch List Performance Card. Since the start on 12/8/2017 588 Launches, 67.9% Accuracy with an average Profit/Launch of $0.26/Launch. On a per share basis for the challenge start to date the Profit per Share was $127.50/Share. If you multiply that Profit Per Share times the average number of shares per trade (currently sitting at about 1208 shares), that will give you the total approximate profit on the challenge so far. Overall Profit/Loss ratio was 111.01% and the Overall profit factor is 2.33 to date.