Barely escaped a red week with an afterhour close of one of the launch list stocks $MNK that turned the weekly profit to a slight green week. It was certainly one of the most challenging weeks especially that the share size has been updated to reflect a portfolio size of $45K. The new trade tariffs imposed by President Trump on china have certainly caused more turbulence in the market. Coupled with that is a very low trading volume as we cruise through the summer months. It felt like nothing is working the way it was supposed to. Most bre
Weekly Profit Recap
I am back at it. This week was both short, and I was travelling so the only real action was on the last two days of the week. Overall, a green profitable week adding another +$2.6K to the portfolio. A couple of notes that need to be shared. First, the Launch and profit on $TRXC was actually completed during the week ending June 29 after the launch on June 22nd. This was the only launch during that week in which I was mostly inactive. Second, the launch of $AKRX occurred on 6/19 and the st
We close this week in the green once more. Most importantly, this week we had 35 launches which is the most we have had in a week since the start of the $2.5K challenge. Even with such a large number of launches, the accuracy dipped a little as well as the profit/loss ratio resulting in only a gain of $4018 as compared to $8400 last week.
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.
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.
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
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.
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.