"Endurance in Week 7: Advancements in Our $25k Expedition"
Introduction:
Approaching the conclusion of the second month in our fourth $25,000 challenge, Day 169 of Week 47 marks a pivotal milestone in our journey. It's defined by unwavering dedication and an absolute commitment to our strategies. Join us as we delve into the latest data and prepare for the road ahead.
Signal Performance:
Since the start of the year, we've meticulously analyzed 947 signals, achieving an impressive record of 737 wins and just 210 losses. Our approach, steering clear of reliance on stop losses, fortifies our confidence in our strategies.
Risk/Reward Ratios:
T1 Signals: With a 77.82% win rate, these signals present an enticing 3:1 risk/reward ratio, categorizable under either T1 or full loss.
T2 Signals: Showcasing a 66.42% win rate, T2 signals deliver a 2:1 risk/reward ratio, falling into either T2 or full loss.
T3 Signals: Operating at a 59.45% win rate, T3 signals bring a 1:1 risk/reward ratio to the table, categorized under either T3 or full loss.
It's crucial to note that signals do not implement a stop-loss strategy. Integrating a strategic stop loss can optimize these target percentages. Regardless of stop loss usage, profitability is attainable at a 50% win rate at each target, employing a risk-reward ratio of at least 1:1.
FITM Category:
Despite securing 451 wins in this category, holding until expiry is discouraged, resulting in a success rate of just 47.62%.
Weekly and Monthly Results:
The 2nd trading day of this short holiday week and the 11th trading day of November have displayed commendable resilience, with a 66.66% win rate for the week and a 69.09% win rate for November as we begin to close it out.
Long-Term Success:
Our win rate has consistently remained robust over the last 5 years and 4 months, 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 standing at $14,414.00. Starting with a low number of contracts amplifies the challenge, making discipline all the more pivotal.
A Glance 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 $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:
November 21st concluded with a profit of $205.00 for the session in another testy market. Our goal is to slightly increase our account while lowering our risk, all while being mindful of our daily draw-down. 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 profit/loss stand at a profit of $255.00 for the week so far, trading just 2 days. November began with a challenging 2 weeks; however, profits still stand at $3,503.00 in just 11 days of trading 3 hours in the morning!
Total Signal Profit YTD:
Starting with $1,000.00, we've achieved an impressive year-to-date total signal profit of $77,925.00.
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
*DISCLAIMER: While I strive for transparency, it's essential to use common sense. I assume you're an adult aware that success doesn't come overnight. I don't endorse get-rich-quick schemes. However, legalities dictate clarity. Hence, here's the official disclaimer: There's NO GUARANTEE that techniques from Coach David or tradingfriends.org will yield identical results. Past performance doesn't ensure future outcomes. The results shared are real but may not suit your situation and are not a guarantee of earnings. Materials on tradingfriends.org and our slack platform aren't a "get rich quick" scheme. Your success depends on your skills, resources, market knowledge, and commitment. WE CANNOT GUARANTEE YOUR EARNINGS and don't imply it, directly or indirectly.
Powered by Locable
4.9 (18 Reviews)
Trading Friends Forex Trading Group
704-202-1730
www.tradingfriends.org
Mon, Tue, Wed, Thu 7:00am-11:00am