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 breakouts faded, and even if you tried to short, lots of support breaks were quickly bought. It was like the market wanted to stay put until more traders join again and the volume starts to pick up some steam. Once a few losses were realized, I was not holding any more the winners or waiting for the profit target to be realized. I took profit whenever the chart started reversing and not giving the winners any chance to turn against me.
One of the trades that gapped up was $ATUS. It did present a nice repeat setup at the entry and exit points, but we didn't capture this opportunity.
For this week profit was realized $WTI $DERM $OUT $DEPO $MIK $MNK $RES $BBBY Loss: $ZFGN $UIS $PAH $ECYT $ACLS. Accuracy dropped to 57% while the Profit/Loss Ratio dropped to 76%. No a great week by any measure but at least still green.
This is cumulative portfolio growth chart that captures the profit on a weekly basis from the $2500 challenge start trading a variable number of shares per trade. 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 and are traded using our SureTrader Platform. Our goal is not to brag about profits whether they are real or not, our goal is to track a winning system that generates profits based on transparent Launch plans that are published 2-5 times a week.
For this week, the portfolio gained a total of +$89.90 with the portfolio up to a total sum of $44,957
Here is the latest update to the $2500 Launch List Performance Card. Since the start on 12/8/2017 379 Launches, 70.7% Accuracy with an average Profit/Launch of $0.30/Launch. On a per share basis for the challenge start to date the Profit per Share was $91.34/Share. If you multiply that Profit Per Share times the average number of shares per trade (currently sitting at about 463 shares), that will give you the total approximate profit on the challenge so far. Overall Profit/Loss ratio was 143.55% and the Overall profit factor is 3.42 to date.