Progress was made this week with 17 Launches improving accuracy to 76% and adding an additional $5.31 profit per share. It certainly helped that the markets, especially the S&P 500 was staging yet another push to all time highs. It felt like we were capturing profit right at our targets or slightly below which is reflected in the overall year to date Profit/Loss ratio. If you look at this week's number, it slightly dropped from 276% to 271%. Still this is a great profit/loss ratio and the less launches we manage, it seems that the better that number becomes.
$NBL was a trade where more profit could have certainly been captured had we held onto the position a little bit longer. Although 75 cents of profit was captured, the opportunity could have been an additional full point ! The same thing happened with $CTB where the exit was made at $36.95 with a nice $0.43 profit but the position could have been held to at least $37.85 area for an additional $0.9 or so. Another lost opportunity was $AKBA pushing up another $1.00 or so beyond our exit price.
On the other hand, I lucked out big time on $TRIP. This stock was held for a few days from launch on Thursday the prior week but was gapping down on Monday. Pre market it dropped below the abort price and I was concerned that this will turn into a big looser. I put in a limit order at the abort price pre market and it was filled right at the pullback upwards from the down fall. Had I waited until the market opened, it would have been an uglier loss.
There is always a risk of a gap down in after hours or pre market. This week was the second time it happened to a stock being held overnight from the Launch List this year So the statistics tell us that this happened 2 out of 527 launches. I consider that a low but real risk at 0.38%. The best mitigation is to limit the share size such that the loss + wiggle is not more than 3% of your equity.
This is cumulative portfolio growth chart that captures the profit on a weekly basis from the year's start trading 2500 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. Lots of people ask me if this is real or not. I don’t understand why does this matter. 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 actual portfolio varies in large because of other trades that are taken intraday. If it makes you feel better that this is based on simulated trades that is okay. 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 Launch transparent plans that are published 2-5 times a week.
For this week, the portfolio added another $13,275 reaching a total sum of $363,008
Here is the latest update to the Launch List Performance Card. To date 527 Launches, 63.8% Accuracy (up from last week) with an average Profit/Launch of 4.18%. On a per share basis for the year to date the Profit per Share climbed to $135.20. If you multiply that Profit Per Share times the number of shares per trade, that will give you the total profit per year. For example if you take 500 shares per trade, the total profit this year would be 500 X $135.20 = $67,600. Overall Profit/Loss ratio was 271.35%.