Weekly Profit Recap
This was a short week ending on 3/29 due to the market being closed on Good Friday. Over the span of the four trading days, there has been 15 Launches with 11 profitable and 4 loosing launches.
A second re entry on $JAG was by far the most profitable Launch this week. If you are wondering why I choose sometimes to attempt a second launch that failed the first time I can tell you that it really depends on the actual underlying stock and the price behavior. In the case of $JAG, it was the price action premarket and how the Level 2 quotes looked like two days in a row.
This was by far the best trading week for the launch list since the start of the year and the start of the $2.5K challenge on Dec 8th of 2017. Despite a choppy start of the week due to the resignation of the white house's economic advisor the market pulled through as tensions on the Korean Peninsula seemed to have been temporarily cooling off.
We published multiple launch lists this week and ended up with great accuracy.
Ending this week in red after a small loss. It has been a choppy week and only one Launch list was published. The market appeared at times wanting to test it's recent lows but found buyers Friday afternoon. All this talk and debate about tariffs on steel has caused confusion on wall street and the result was choppy trading. It's still a great reminder to have and respect your abort levels and a red week like this will only be a blip on the radar no more.
This week, our TradeIdeas scanners have been putting out a possible list of good Launch candidates which made capturing profit a little bit more easy after two to three weeks of spinning our wheels (rocket engines in this case). With 7 launches, we captured profit on profit on $WBAI $TGTX $BLCM $SEM $DRNA
Another green but small weekly recap. Again, not seeing many long opportunities in our TradeIdeas scanners. Profit was captured on $UIS $KPTI $MNOV with a loss on $WAIR and $CBAY. Accuracy was not bad sitting at 60% with a profit/loss ratio of 96% which again gives a good combo to out us in the green zone.
This was a light week for trading as the market tries to recover from a relatively large drop. Our scanners were having trouble finding new LONG opportunities as most stocks where in correction. However, given the earning season, there has been a few possible candidates that worked out well. For this week profit was realized on $SNAP with a loss on $ANGI and $LTRPA Pl/L Ratio %234 accuracy 33%. Despite the poor accuracy, the week ended in a slight green because of a healthy P/L Ratio greate
This was a good green week that saw the $2500 challenge portfolio surpass the $3000 level for the first time since the start on Dec 8th, 2017. As I was scanning the market for possible launch list candidates, I noted that the number of stocks showing up in my nightly scans was diminishing. This is usually a sign that the market is taking a breather or possibly staging some sort of a correction. Coupled with that was the fact that the market has been having a few larger dips, and volatility has been picking up. I was cautious and the fact that not so many stocks were showing up on the sc