With a transition week between the months of October and November, we saw one impressive reversal. October has been no doubt a challenging month, with a lot of technical damage done to the major indices. We suffered three consecutive loosing weeks which was a first for the Launch List process. It's difficult to pin point one root cause for the decline, but one thing for sure appears to be a sensitive issue and that is the trade war with China coupled with the Federal Reserve talking about a continuous increase in interest rates even is they overshoot the optimal levels. As soon as we got a Tweet from the President indicating the slightest indication of a slow down, buyers poured into the markets and we saw a major snap rally on Thursday. Earlier in the week, there were some signs of attempts to stop the bleeding. Our nightly scanners were picking up some stocks here and there, mostly due to earning season which is upon us.
For the launch list, we had many candidates and in some cases too many to track. Also, we had issues with catching some of the Launches as the price action at the open was very volatile.
Overall, this was a great winning week. Not only did we make good profit, we also reclaimed a new high for the year in our $2.5K portfolio challenge and making up all the losses incurred during October 2018. This week we had a total of 21 Launches, we missed an additional 6 launches which would have all been winners.
Profit was realized on $LOMA $VCYT $TRVG $MTSI $KIM $ON $PVTL $KDP $CG $NIHD $ARWR $PBI $TPH $IRDM . Loss on $KEM $MLCO $QNST $ZUO $FOSL $AEO. Stocks Launches that we missed were $MXL $AMRC $LPSN $SABR $DNOW $ATTU .
Profit accuracy returned back to normal at 67% with a slightly lower Profit to Loss ratio of 112%. This was mainly due to our desire to close all open launches at the end of the week to avoid any surprises for Monday. A few stocks could have remained in flight including $ARWR $PBI $TPH $IRDM.
Weekly Portfolio Growth Summary
The chart below captures the cumulative portfolio profit growth on a weekly basis since the start of the $2500 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, StockTiwts, 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 another $8,357.05 with the portfolio reclaiming a new high of the year to a total sum of $131,996
Weekly Performance Growth Summary
Here is the latest update to the $2500 Launch List Performance Card. Since the start on 12/8/2017 641 Launches, 66.6% Accuracy with an average Profit/Launch of $0.24/Launch. On a per share basis for the challenge start to date the Profit per Share was $129.05/Share. If you multiply that Profit Per Share times the average number of shares per trade (currently sitting at about 1322 shares), that will give you the total approximate profit on the challenge so far. Overall Profit/Loss ratio was 105.321% and the Overall profit factor is 2.09 to date.