"Triumph Unveiled: A Journey Through Week 8 in Our $25k Odyssey"
Salutations:
As we near the conclusion of the second month in our fourth $25,000 challenge, Day 172 of Week 48 emerges as a pivotal milestone in our odyssey. This phase of our expedition is defined by unwavering dedication and an unyielding commitment to our strategies. Join us as we embark on a deep dive into the latest data and brace ourselves for the journey ahead.
Performance Breakdown:
Since the dawn of the year, a meticulous analysis of 960 signals has paved the way for an impressive record of 749 wins and a mere 211 losses. Our strategic approach, purposefully steering clear of reliance on stop losses, stands as a robust foundation fortifying our confidence in our trading methodologies.
Risk/Reward Dynamics:
T1 Signals: Flaunting a 78.02% win rate, these signals offer an enticing 3:1 risk/reward ratio, categorizable under either T1 or full loss. T2 Signals: Spotlighting a 66.56% win rate, T2 signals provide a 2:1 risk/reward ratio, fitting into either T2 or full loss.
T3 Signals: Operating at a 59.58% win rate, T3 signals bring a 1:1 risk/reward ratio to the forefront, categorized under either T3 or full loss.
Crucially, our signals operate without the implementation of a stop-loss strategy. Although integrating a strategic stop loss can optimize target percentages, profitability remains achievable at a 50% win rate, coupled with a risk-reward ratio of at least 1:1.
FITM Category Overview:
Despite securing 460 wins in this category, holding until expiry is discouraged, resulting in a success rate of just 47.91%.
Weekly and Monthly Highlights:
The second trading day of this week and month has showcased remarkable resilience, boasting a 90.00% win rate for the week and a 73.52% win rate for November as we approach the conclusion of this week and the month with two days of trading remaining.
Long-Term Triumph:
Our win rate has consistently stood strong over the past 5 years and 4 months, maintaining an impressive average of 76.875%. This sustained performance underscores our unwavering dedication to our trading methodologies.
Progress from Signals:
Since the initiation of the challenge on October 2nd, 2023, with an initial investment of $5,000.00, we've made commendable strides, currently standing at $16,818.00. The challenge's amplified difficulty, starting with a low number of contracts, underscores the pivotal role of discipline in our journey.
Retrospective Glance:
Reflecting on past challenges, we've witnessed the evolution of our strategies. The first run to $25k was accomplished in 12 weeks, concluding at $25,084.00. The second run in Week 13 reached $22,315.00, falling short by $2,685.00. The third run, concluding at $21,497.00 in Week 13, missed the mark by $3,503.00.
Today's Signal Profit and Loss:
November 28th concluded with a profit of $1,404.00 for the session in another dynamic market. Our overarching goal is to incrementally grow our account while mitigating risk, all while remaining mindful of our daily drawdown. On days like today, we allow our profits to run by leveraging our skill set and mindset, with Coach David providing real-time signals and play-by-play insights.
Weekly and Monthly Signal Snapshot:
Looking ahead, our weekly and monthly signal profit/loss stands at a profit of $1,979.00 for the week, having traded only for 2 days. Despite a challenging start to November, profits total $5,907.00 in just 14 days of trading, spanning 3-4 hours each morning.
Total Signal Profit Year-to-Date:
Starting with $1,000.00, our year-to-date total signal profit stands impressively at $80,329.00.
In Summary:
Our determination to press forward remains steadfast as we welcome every challenge that crosses our path. Keep an eye out for ongoing updates on our journey; join us for a complimentary 30-day trial or become part of our trading community to gain deeper insights.
Happy trading!
Coach David
*DISCLAIMER: While we aim for transparency, it's crucial to exercise common sense. We assume you're an informed adult aware that success doesn't materialize overnight. We don't endorse get-rich-quick schemes. Legalities mandate clarity, hence 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 shared results are real but may not align with 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.
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