Navigating to Victory: Week 2 of Our 4th $25k Challenge

Day 146 (Week 41 Year) - Week 2 of our 4th $25k Challenge

Today marks a significant milestone - Day 146 of Week 41, as we embark on the second week of our fourth $25,000 challenge. With renewed vigor and an unwavering commitment to our established strategies, let's dive into the latest figures and set the stage for what lies ahead.

Signals: Year to date, we've received and reviewed 820 signals live, resulting in an impressive 646 wins and 174 losses, 78.78 % of the SIGNALS have WON. It's imperative to reiterate our steadfast approach, excluding stop losses for signals, which reaffirms our confidence in our strategies.

Average Risk/Reward Ratios:

T1 Signals: Showcasing a remarkable 78.78% win rate, these signals offer an enticing 3:1 risk/reward ratio. It's crucial to recognize that these signals fall under either T1 or full loss.

T2 Signals: With a win rate of 67.56%, T2 signals present a 2:1 risk/reward ratio. These signals demand a touch more skill, balancing lower risk with slightly lower reward.

T3 Signals: Operating at a win rate of 60.12%, T3 signals come with a 1:1 risk/reward ratio. This level calls for mastery, where you risk dollar-for-dollar. At this stage, an enhanced skillset and mindset can lead to surpassing the win rate and monetary gains. Always remember that no stop loss is employed for any of the signals. Always remember that no stop loss is employed for any of the signals.

Based on our system, we maintain profitability at a 50% win rate while adhering to a 1:1 risk/reward ratio.

FITM: It's imperative to underscore that despite achieving 398 wins in this category, holding until expiry is never advised. This strategy carries a success rate of 48.53%.

Weekly and Monthly Results: Day 3 of the second week and day 6 of the month have showcased commendable resilience, with a 71.42% win so far for this week and 72.97% so far for the month of October.

Long-Term Success: Over the past 5 years and 3 months, our average win rate stands strong at an impressive 80.36%. This consistent performance underscores our unwavering dedication to our trading strategies.

Financial Progress: Since the inception of this new challenge on October 2nd, 2023, with $5,000.00, we've already made commendable strides, now standing at $6,126.00. This marks a promising start to the quarter. It's crucial to remember that starting with a low number of contracts amplifies the challenge, making discipline all the more pivotal.

A Look Back: Reflecting on past challenges, we've witnessed the evolution of our strategies. The first run to $25k was accomplished in 12 weeks, culminating in a total of $25,084.00. The second run concluded in Week 13 at $22,315.00, falling short of the goal by $2,685.00. The third run, which concluded at $21,497.00 in Week 13, was just shy of the mark by $3,503.00.

Today's Signal P&L: The day concluded with a profit of $196.00. As we approach our halfway mark of the month, our goal is to increase our reward while lowering our risk, all while being mindful of our daily draw-down.

Weekly and Monthly Signal P&L: Looking ahead, our weekly and monthly signal profits stand at $516.00 for the week and $1,682.00 for the month of October.

Total Signal Profit YTD: Starting with $1,000.00, we've achieved an impressive year-to-date total signal profit of $70,138.00.

We're excited to embrace this new challenge and look forward to sharing more updates on our progress. Happy trading!

 Coach David