This week the market remains in no man's land failing to propel back up, but at the same time failing to break down below recent lows. The trend is most definitely to the downside as technical damage has been done to all the major indices. However, there are expected to be bounce days that decelerate the downtrend, and shake out the occasional weak short sellers. Overall, it makes it tough as a long biased trade to hold onto any sizable gains.
We managed to end in the green this week, but not without a lot of chop. Accuracy is hovering at below average for the year so discipline is the most important trait for this period.
For the week ending on 11/19 profit was realized on $MDRX $SUM $DNOW $MPW $TGI $BAS $AAOI $SNDR $VIRT $CORT $MAXR $SABR $PPC Loss on $RLJ $TISI $PPC $VSH $ELF $HZNP. Accuracy ended at 52% and the profit to loss ratio at 96%.
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 $476.90 with the portfolio reclaiming a new high of the year to a total sum of $132,473
Weekly Performance Growth Summary
Here is the latest update to the $2500 Launch List Performance Card. Since the start on 12/8/2017 666 Launches, 66.1% Accuracy with an average Profit/Launch of $0.23/Launch. On a per share basis for the challenge start to date the Profit per Share was $129.15/Share. If you multiply that Profit Per Share times the average number of shares per trade (currently sitting at about 1370 shares), that will give you the total approximate profit on the challenge so far. Overall Profit/Loss ratio was 102.66% and the Overall profit factor is 1.99 to date.