Navigating Success: Week 1 of Our 4th $25k Challenge

Day 143 (Week 40 Year) - Week 1 of our 4th $25k Challenge

 Today, we commemorate Day 143 of Week 40, as we conclude the inaugural week of our fourth $25,000 challenge. With renewed vigor and unwavering commitment to our established strategies, let's delve into the latest figures and set the stage for what lies ahead.

Signals: To date, you received a total of 806 signals, resulting in an impressive 636 wins and 170 losses. 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 78.90% 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 67.61%, T2 signals present a 2:1 risk/reward ratio. These signals demand a touch more skill, balancing lower risk with the same or higher reward than T1's.

 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 SIGNALS. Always remember, that a stop loss is NEVER  employed for any of the signals.

Based on our trading style, 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 391 wins in this category, holding until expiry is never advised. This strategy carries a success rate of 48.51%.

Weekly and Monthly Results: This week and month have showcased commendable resilience, achieving a solid 73.91% win rate with 17 wins and 6 losses.

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.

Reviewing the Past: Looking back at our previous endeavors, we see the resilience of our strategies. The initial push towards $25k took 12 weeks and culminated in an achievement of $25,084.00. The second phase wrapped up in Week 13, landing at $22,315.00, just shy of our target by $2,685.00. The third venture, concluding at $21,497.00 in Week 13, fell short of the mark by $3,503.00. Still very consistent.

Today's Signal P&L: The day concluded with a profit of $400.00, setting a positive tone for the last signal day of the week. In this choppy market, our goal was to avoid hitting our daily draw-down right out of the gate! Achieving daily profit from the signals in back-to-back 50% trading days is a mission accomplished!

Weekly and Monthly Signal P&L: Looking ahead, our weekly and monthly signal profits stand at $1,126.00 each.

Total Signal Profit YTD: Starting with $1,000.00, we've achieved an impressive year-to-date total signal profit of $69,622.00.

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