Weekly Profit Recap
Another terrific and very busy week at Profit Mission Control. Profit continues to be positive, and accuracy has moved back up to 75%. The market seems to provide good opportunities, but it is becoming a little bit harder to capture full profit potential due to volatility. What matters the most is the technical due diligence that is done prior to trading through our Launch List.
After a couple of slow weeks, this one turned out to be a terrific profit launching week. Accuracy of profit taking was trending up as well as average overall profit. It seemed that certain stocks had very bullish momentum if you had the patience to hold on to them. $CATB $OCRX and $AUPH were amazing launches. Most notable was the evening scans I do before creating the daily launch list have been providing an increased number of stocks to pick from. I can usually tell the sense and direction of the market based on the level of ideas that show up in my evening scanners.
This has been a better week than those before as the market staged a nice move after Trump's bullish speech at congress last weekend. There was only one published Launch List on Wednesday as I have been very busy at work. That list however, produced several successful Launches. I was also watching several of the picks waiting on the Launch pad from weeks and days prior. Some of those stocks were successful too.
Overall profit taking accuracy and average profit % has improved.
This week was most certainly a choppy week for our portfolio as both the profit % and accuracy were low. However, we were still able to pull a profit of about 1.1% on average. The portfolio hit the $100K mark for the first time this year stating from a balance of $25K on Jan 1st.
Several of the loosing trades could have been avoided, but what matters is learning from those mistakes and continuing to sharpen the Launch List.
A great week with so many stocks firing off from the Launch Pad and delivering solid profits. Trending down is my accuracy and that is something I will keep an eye on over the next few weeks to better understand root cause. Although the accuracy is trending down, it still remains at a solid 60% for this week. This is actually my target zone 60-70% and this is why I only choose Launch setups where the Profit/Risk Ratio is above 100-150% which gives me some leeway if my accuracy drops even below 50%. That still makes the Launches overall profitable.
Another solid week of profits but with a drop in profit taking accuracy. The Launch list had very strong performers such as $MODN and $FOLD. A fewer than normal stocks hit the Launch target but still there are Launch price including 5 that are in flight mode as shown below. Overall, the market seems to be ripping higher which means be greedy but also be cautious because if the market corrects, it will be fast !
These five stocks have lifted off and are in flight mode so keep an eye on them if you decided to trade them. These are $BKMU $FUEL $GSV $CLRB and $REPH.
Another solid week of profits but with a drop in profit taking accuracy. The Launch list had very strong performers such as $CERU and $HMNY and so many stocks that hit the Launch price including 4 that are in flight mode as shown below. Overall, the market is still moving up and despite a slowdown for a couple of weeks, there was some underlying subtle momentum.
Four stocks have lifted off and are in flight mode so keep an eye on them if you decided to trade them. These are $FUEL $MOBL $GSV $GCAP and $MODN.
This week things were moving along steadily but certainly with less fan fare as compared to the start of January. Like noted last week, several of the stocks selected for the daily launch list have not triggered yet, but those that did trigger brought in very nice profits. This week only two launch lists were published. That's because the launch list is currently populated with many picks that are still in play. Three stocks have lifted off and are in flight mode so keep an eye on them if you decided to trade them. These are $TNAV, $LC and $MAGS.
Another profitable week despite being a relatively slower week compared to last. Most thing I noticed that several of the picks from this week's Launch Lists have not triggered yet. That is no a bad thing because there is a good inventory of Launch potentials, but the lack of triggers indicates that the momentum is slowing down, or at least taking a pause. Next week we will see how the market behaves and react to whatever it decides to do one profit at a time. All the stocks that haven't triggered yet will remain on watch.