"Triumph Unveiled: Week 4 of Our 4th $25k Challenge"
Day 155 (Week 43 Year) - Week 4 of our 4th $25k Challenge
Today signifies a noteworthy achievement - Day 155 of Week 43, marking the last day of the fourth week in our ongoing $25,000 challenge. With a fresh surge of energy and an unwavering dedication to our proven strategies, let's delve into the most recent statistics and prepare for the road ahead.
Signals Analysis
Year to date, we've processed and analyzed 876 signals live, resulting in an impressive 688 wins and 188 losses. Our steadfast approach, excluding stop losses for signals, reaffirms our confidence in our strategies.
Risk/Reward Ratios
T1 Signals: Showcasing a remarkable 78.53% win rate, these signals offer an enticing 3:1 risk/reward ratio. They fall under either T1 or full loss.
T2 Signals: With a win rate of 67.35%, T2 signals present a 2:1 risk/reward ratio. These signals demand a touch more skill, balancing lower risk with higher reward, falling under either T2 or full loss.
T3 Signals: Operating at a win rate of 60.04%, T3 signals come with a 1:1 risk/reward ratio. This level calls for mastery, where you risk dollar-for-dollar. Members targeting T3 have completed phase 4, achieving a win rate exceeding 77% by implementing a Stop Loss strategy.
FITM Category
It's imperative to underscore that despite achieving 423 wins in this category, holding until expiry is never advised. By doing so, you observe a success rate of just 48.28%.
Weekly and Monthly Results
The last day of the 4th week and day 15 of the month have showcased commendable resilience, with a 71.42% win so far for this week and 74.19% so far for the month of October.
Long-Term Success
Throughout the last 5 years and 3 months, our win rate has consistently remained robust, averaging an impressive 80.36%. This ongoing performance, which is adjusted monthly, highlights our unwavering dedication to our trading methodologies.
Signal 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 $9,796.00. This marks a promising start to the quarter. Starting with a low number of contracts amplifies the challenge, making discipline all the more pivotal. Today was our 3rd day trading 4 contracts.
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 $340.00. As we continue through this tricky month, our aim is to slightly increase our account 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 $ 1,170.00 for the week and $4,806.00 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 $73,262.00.
We're excited to embrace this new challenge and look forward to sharing more updates on our progress. Happy trading!
Coach David
4.9 (18 Reviews)
Trading Friends Forex Trading Group
704-202-1730
www.tradingfriends.org