Weekly Profit Recap

Profit Recap for the Week of June 1st, 2018

Submitted by Mat Trader on Sun, 06/03/2018 - 16:05

Closed the best week of the year with above average accuracy.  This was only a four-day week yet the stocks that were identified made very solid moves towards the planned profits and beyond.  This week also marks the official cross over of the $2.5K challenge portfolio the $25K milestone.  

If anything, this proves that persistence, discipline and proper risk management can take you where you want to be.   

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Profit Recap for the Week of May 25th, 2018

Submitted by Mat Trader on Mon, 05/28/2018 - 12:28

This week started with a drop as several stocks launched on Monday quickly turned red and hit the abort price.  That didn't last long as the following days brought steady profits culminating a very strong Friday.  Although the profit this week was not as stellar as prior weeks, we still ended up in the green and this is all that matters.  With a good accuracy of 60% and an average P/L ratio of 129% we remained in the profit zone.  Several of the launches we aborted on Monday turned around and ended being profitable, however as the market was a bit choppy we did not relaunch those stocks. 

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Profit Recap for the Week of May 18th, 2018

Submitted by Mat Trader on Sat, 05/19/2018 - 10:43

This was by far another record week for the $2.5K account size challenge.  With a total of 27 Launches combined with an accuracy of 89% and a Profit to Loss Ratio of 159% the portfolio continued to move forward breaking the $15K milestone.  It seems that Monday's are the choppiest days where we see the most losses and Wednesday where we have to most activity and winning.  $ARWR was a looser on Monday, but was a relaunch on Friday.  We also traded a Launch setup that was scrubbed in the past $PGTI as soon as we got the alert.  Remember, scrubbed launches are always good setups if the charts

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Profit Recap for the Week of May 4th, 2018

Submitted by Mat Trader on Sat, 05/05/2018 - 12:51

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.  

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Profit Recap for the Week of April 27th, 2018

Submitted by Mat Trader on Sat, 04/28/2018 - 07:25

This was a slow week as I was busy with other house projects.  Most of the launches were from prior weeks and the only single list published this last Friday 4/27.  Despite being slow, we still ended the week in the green with 4 total launches.  Two launches were profitable $UNIT and $GNMK while the other two were losers $DBD abd $ETP.  Accuracy fell to 50% but the profit/loss ratio was 218% which is high, giving us another green week.

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Profit Recap for the Week of April 13th, 2018

Submitted by Mat Trader on Sat, 04/14/2018 - 14:25

After a volatile week with the $SPY jumping all over the place, the $2.5K portfolio suffered a red week with a total loss of $109.70.  This was the first week in the challenge where the share size per trade was adjusted to account for the new equity level of $5000.  There was a lot of activity on the Launch list, with 19 total launches but it seems that by the end of the week nothing has been accomplished.  This is normal in trading and you should not expect the profits just to roll in without some setbacks.

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Profit Recap for the Week of March 30th, 2018

Submitted by Mat Trader on Fri, 03/30/2018 - 12:31

This was a short week ending on 3/29 due to the market being closed on Good Friday.  Over the span of the four trading days, there has been 15 Launches with 11 profitable and 4 loosing launches. 

A second re entry on $JAG was by far the most profitable Launch this week.   If you are wondering why I choose sometimes to attempt a second launch that failed the first time I can tell you that it really depends on the actual underlying stock and the price behavior.  In the case of $JAG, it was the price action premarket and how the Level 2  quotes looked like two days in a row.  

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