The market decided to stop going down this week as the G20 summit took place towards the end of the week. This gave us an opportunity, despite being questionable, to find good Launch List candidates throughout. The tug of war between buying and selling remained strong and it was critical to stay nimble. We took profits when needed well below the profit target to extract as much wins as possible. In some cases this saved some of the launches, but in other cases it was profit taken too early. What matters at the end of the day if we continue to push higher and in the grad scheme of things, the Launch List portfolio ended in the green with a good margin.
Overall, the major indices are bouncing back for now, and the daily moving averages are been challenged to the upside.
For this week, we also got back to the same level of launches as per the yearly average, before the slow last two or three weeks. For this week we had 19 Launches, 14 wins $TITN $HCC $JKS $BHE $GME $BILI $SVMK $SMAR $MLCO $EQT $BZH $LTRPA $FORM $ASNS and 5 losses $OMER $DAR $IVC $WBT $BCRX. The overall accuracy was healthy at 74% and the profit to loss ratio was 94%.
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 $8503.55 with the portfolio reclaiming a new high of the year to a total sum of $145,617.
Weekly Performance Growth Summary
Here is the latest update to the $2500 Launch List Performance Card. Since the start on 12/8/2017 701 Launches, 65.9% 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 $135.18/Share. If you multiply that Profit Per Share times the average number of shares per trade (currently sitting at about 1439 shares), that will give you the total approximate profit on the challenge so far. Overall Profit/Loss ratio was 103.96% and the Overall profit factor is 2.00 to date.