Another winning week for Profit Mission Control Launch List portfolio. How can it not be successful with all major indices making all-time highs again?
We took this opportunity to make sure we maximize the profit potential and published 4 launch lists this week. Thanks to TradeIdeas, we were presented with many great profit opportunities and finding stocks that fit our selection criteria to be placed on the launch list. It is hard work, screening through all these stocks to pick the select few that make it to the list. But as a result of the hard work, we were pleasantly rewarded. The 20 launches this week were 70% successful, and most profit was realized within the same session or at most one extra session. Also, the number of same day launches was prominent.
One of the loosing launches this week, $CONN, was clear that the algos staged a pull back to shake out the weak holders. So, the first launch was unsuccessful but another attempt was made at the same initial launch price with a decent profit generated.
Overall, we had 14 successful winners and 6 losers. As we mentioned, loosing is part of the process and you should not expect to be 100% accurate. The key to being a profitable day or swing trader is to manage risk and let the profits flow naturally. Even with 6 losers, out profit/loss ratio was a healthy 146% and the profit factor for the week was 3.41.
For this week profit was captured on $GDI $LN $ENTG $PTIE $ELF $TLRD $LTXB $XNET $SEM $CONN $MHO $NPTN $SAH $WLL Loss on $CROX $X $HUN $PDCO $IIVI $CONN
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, you can assume it is paper trading. 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 added another $11,350 reaching a total sum of $389,283
Here is the latest update to the Launch List Performance Card. To date 586 Launches, 64% Accuracy with an average Profit/Launch of 4.04%. On a per share basis for the year to date the Profit per Share climbed to $145.71. If you multiply that Profit Per Share times the number of shares per trade, that will give you the total profit per year. Overall Profit/Loss ratio was 251.24% and the Overall profit factor is 4.47 for the year.