Navigating the New Challenge: Week 1 of Our 4th $25k Pursuit

Day 141 (Week 40 Year) - Week 1 of our 4th $25k Challenge

As we commence Week 1 of our fourth $25,000 challenge, we step into a realm of new possibilities and opportunities. Let's delve into the latest figures and set the stage for the journey ahead.

Signals: With a total of 795 signals received, we've secured an impressive 628 wins and encountered 167 losses. It remains vital to emphasize that stop losses continue not to be employed for our signals, reaffirming our confidence in our strategies.

Average Risk/Reward Ratios: Our commitment to effective risk management remains resolute. Here's the breakdown:

1. T1: With a commendable 78.99% win rate, T1 signals offer a 3:1 Risk/Reward ratio.
2. T2: T2 signals maintain a 67.67% win rate and a 2:1 Risk/Reward ratio.
3. T3: T3 signals hold a 60.37% win rate with a 1:1 Risk/Reward ratio.

Based on our system, we remain profitable at a 50% win rate while playing with a 1:1 Risk/Reward ratio.

FITM: It's imperative to reiterate that while we've seen 386 wins in this category, holding until FITM is NOT advised, and they come with a 48.55% success rate.

Weekly and Monthly Results: So far this week has showcased a commendable display of resilience, achieving a 75.00% win rate with 9 wins and 3 losses. Expanding our scope to the monthly scale, we mirror this performance with 9 wins and 3 losses.

Long-Term Success: Over the past 5 years and 3 months, our average win rate stands at a robust 80.36%. This consistency underscores our unwavering dedication to our trading strategies.

Financial Progress: As we commenced this new challenge on October 2nd, 2023, with $5,000.00, we've already made strides, now standing at $5,716.00. This marks a promising beginning to the quarter.

A Look Back: Reflecting on the previous challenges, we've seen the progression 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: We concluded the day with a signal profit of $60.00, setting a positive tone for the week ahead.

Weekly and Monthly Signal P&L: Looking ahead, our weekly and monthly signal profits and losses stand at $716.00 each.

Total Signal Profit YTD: Starting with $1,000.00, we've achieved an impressive YTD total signal profit of $69,212.00.

As we embrace this new challenge, we're filled with enthusiasm for the journey that lies ahead. Stay tuned for more updates on our progress. Happy trading!
Coach David