"Resilience Through Setbacks: Holding onto the End Goal"

Trading Day 158 (Week 44 Year) - Last QTR of the 4th $25k Challenge in 2023

Introduction:

As we approach the second month of our fourth $25,000 challenge, it's Day 158 of Week 44 - a momentous milestone. This journey has been defined by dedication and an unwavering commitment to our strategies. Let's delve into the latest data and prepare for the path ahead.

Signal Performance:

Since the beginning of the year, we've meticulously analyzed 897 signals, resulting in an impressive 701 wins and 195 losses. Our approach, which excludes stop losses, reinforces our confidence in our strategies.

Risk/Reward Ratios:

T1 Signals: With a 78.14% win rate, these signals offer a compelling 3:1 risk/reward ratio, falling under either T1 or full loss.

T2 Signals: Boasting a 66.98% win rate, T2 signals provide a 2:1 risk/reward ratio, categorized under either T2 or full loss.

T3 Signals: Operating at a 59.75% win rate, T3 signals present a 1:1 risk/reward ratio, falling under either T3 or full loss.

It's important to note that signals do not implement a stop-loss strategy. Implementing a strategic stop loss can elevate these target percentages. Irrespective of stop loss usage, profitability is achieved at a 50% win rate at each target when utilizing a risk-reward ratio of 1:1.

FITM Category:

Despite winning 431 times in this category, it is never advisable to hold until expiry as it results in a success rate of just 48.04%. This is the primary reason for failure among most novice day traders who do not understand how to use leverage correctly.

Weekly and Monthly Results:

The third trading day of the week and the first trading day of the month have demonstrated commendable resilience, with a 61.90% win rate for the week and a 40.00% win rate for the first day of November.

Long-Term Success:

Over the last 5 years and 4 months, our win rate has consistently remained robust, averaging an impressive 76.875%. This ongoing performance underscores our unwavering dedication to our trading methodologies.

Signal Financial Progress:

Since the challenge's inception on October 2nd, 2023, with an initial investment of $5,000.00, we've made commendable strides, now at $10,684.00. 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 loss of $227.00. Our goal was to slightly increase our account while lowering our risk, all while being mindful of our daily draw-down. Today marked a fresh start in a new month, navigating through scheduled and breaking news. On days like these, it's crucial to remember that we're in a marathon, not a sprint, keeping the long-term goal in focus.

Weekly and Monthly Signal P&L:

Looking ahead, our weekly and monthly signal profits stand at $933.00 for the week. The month of November began with a challenging day, resulting in a loss of $227.00.

Total Signal Profit YTD:

Starting with $1,000.00 on day 1 in January, we've achieved an impressive year-to-date total signal profit of $74,195.00.

Conclusion:

We're eager to continue this journey, embracing each challenge that comes our way. Stay tuned for more updates on our progress. Happy trading!

Coach David