Charting New Waters: Week 1 of Our 4th $25k Challenge

Day 142 (Week 40 Year) - Week 1 of our 4th $25k Challenge

As we embark on the first week of our fourth $25,000 challenge, we do so with renewed determination and a commitment to our tried-and-true strategies. Let's delve into the latest figures and set the stage for the journey ahead.

Signals: This week brought forth 801 signals, resulting in 631 wins and 170 losses. It's worth reiterating that our approach continues to exclude the use of stop losses for signals, reaffirming our confidence in the strategies we employ.

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

1. T1Signals: Boasting a remarkable 78.77% win rate, these signals offer an enticing 3:1 risk/reward ratio. It's important to recognize that these signals fall under either T1 or full loss. 
2. T2 Signals: With a win rate of 67.54%, T2 signals present a 2:1 risk/reward ratio. These signals demand a touch more skill, balancing lower risk with the same reward as a T1.
3. T3 Signals: Operating at a win rate of 60.17%, 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 of the SIGNAL.  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 388 wins in this category, holding until expiry is never advised. This strategy carries a success rate of 48.37%.

Weekly and Monthly Results:  This week and month have showcased commendable resilience, achieving a solid 66.66% win rate with 12 wins and 6 losses. 

Long-Term Success: Over the past 5 years and 3 months, our average win rate stands 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 $5,726.00. 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 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 $10.00, setting a positive tone for the last signal day of the week. During this choppy market, our goal is to simply stay away from the sharks and not hit our daily draw-down. We achieved daily profit from the signals in back-to-back 50% trading days, which is a mission accomplished!


Weekly and Monthly Signal P&L: Looking ahead, our weekly and monthly signal profits stand at $726.00 each.

Total Signal Profit YTD: Starting with $1,000.00, we've achieved an impressive YTD total signal profit of $69,222.00.

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