"Mastering Success: A Journey Through Week 8 in Our $25k Trading Odyssey"
Greetings,
As we approach the culmination of the second month in our fourth $25,000 challenge, Day 173 of Week 48 stands out as a pivotal milestone in our journey. This leg of our expedition is marked by unwavering dedication and an unyielding commitment to our strategies. Join us as we plunge into the latest data and gear up for the journey ahead.
Performance Insights:
Since the commencement of the year, a meticulous analysis of 967 signals has yielded an impressive record of 754 wins and a mere 213 losses. Our strategic approach, intentionally avoiding reliance on stop losses, stands as a robust foundation fortifying our confidence in our trading methodologies.
Win Percentage:
LIVE Signals: Showcasing a 77.97% Win Rate, these signals offer an enticing 3:1 risk/reward ratio, falling into either a WIN or a FULL LOSS.
Importantly, our signals operate without the implementation of a stop-loss strategy. While integrating a strategic stop loss or higher target levels for profit, members can optimize percentages and profitability, profitability remains achievable at a 50% win rate, coupled with a risk-reward ratio of at least 1:1.
Holding contracts until Expiry Overview:
Despite securing 460 wins in this category, holding until expiry is discouraged, resulting in a success rate of just 47.56% using our probabilistic leverage system.
Weekly and Monthly Highlights:
The 3rd trading day of this week and month has showcased remarkable resilience, boasting an 82.35% win rate for the week and a 73.33% win rate for November as we approach the conclusion of this week and the month with just 1 SIGNAL day 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.
Financial Progress from Signals:
Since the initiation of the 4th quarter challenge on October 2nd, 2023, with an initial investment of $5,000.00, we've made commendable strides, currently standing at $16,986.00 for the 4th quarter. 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 Profit and Loss:
November 29th concluded with a profit of $168.00 for the session in another testy 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 recognize the movements quickly and take profits early, and cut losses based on technical analysis with Coach David providing real-time signals and play-by-play insights.
Weekly and Monthly Financial Snapshot:
Looking ahead, our weekly and monthly signal profit/loss stands at a profit of $2,147.00 for the week, having traded only for 3 days. Despite a challenging start to November, profits total $6,075.00 in just 15 trading days, 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 $80,497.00.
In Summary:
Our eagerness to continue this journey is unwavering, as we embrace each challenge that comes our way. Stay tuned for further updates on our progress.
Happy Trading! Coach David
*DISCLAIMER: While I aim for transparency, it's crucial to exercise common sense. I assume you're an informed adult aware that success doesn't materialize overnight. I 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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