Green ! A strange week indeed with the market flirting with the recent lows from October and all sentiment indicating that we are heading to worse times. It has been challenging finding good Long setups in our nightly scans which limited our ability to publish new Launch lists except for Monday and Friday. This was also a short trading week with the Thanksgiving holiday on Thursday and the short trading day on Friday. Next week will be a real test for the market as we test recent lows. The question that will be answered is if we will continue to see aggressive selling accelerating below the recent lows or will we hold sideways to form a bear flag ?
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 gained +$7868.55 with the portfolio reaching an all time high of $137,113
Here is the latest update to the $2500 Launch List Performance Card. Since the start on 12/8/2017 682 Launches, 65.7% 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 $131.07Share. If you multiply that Profit Per Share times the average number of shares per trade (currently sitting at about 1399 shares), that will give you the total approximate profit on the challenge so far. Overall Profit/Loss ratio was 103.72% and the Overall profit factor is 1.97 to date.