"Closing the Books on 2023: A Year-End Triumph in Trading"
As of 12/28/2023
Day 189 (Week 52 Year)
Our fourth $25,000 challenge has come to an end on Day 189 of Week 52. Despite facing some initial obstacles, we managed to surpass our goal and successfully end another amazing year. Our trading signals maintained an impressively high win percentage throughout the year. Let's take a moment to review how we achieved our success and emerged victorious in the challenge.
Signal Performance for the Year:
* Total Signals: 1,052
* Wins: 813, Losses: 239
* 77.28% Win Rate
* No Stop Losses Used for Signals
Signal Risk/Reward Results:
* T1: 77.28% Win Rate
* T2: 65.96% Win Rate
* T3: 58.46% Win Rate
Proven Profitable at 50% with a 1:1 Risk/Reward Ratio
Signal Weekly and Monthly Results:
* Weekly Win Rate: 66.66% (12 Wins-6 Lost)
* Monthly Win Rate: 68.35% (54 Wins-25 Lost)
Signal Long-Term Consistency:
Over the last 5+ years, our win rate has remained consistently high at 77.28% in 2023, with only two outcomes: win or lose.
Signal Progress:
The Signal account started with $5000 at the beginning of the final quarter and ended at $25,762 in 12 weeks, exceeding the goal by $762.
The initial goal of reaching $25k was accomplished in 12 weeks, on March 23rd, with an initial balance of $1,000, ending at $25,084.00. However, the second run, beginning with $1,000 again, concluded at Week 13 with a balance of $22,315.00, falling short of the goal by $2,685.00. The third run, starting on July 5th, 2023, ended at Week 12 with a starting balance of $1,000 and a balance of $21,497.00, missing the goal by $3,503.00.
We will initiate the first quarter of 2024 on January 2nd, 2024. Our starting signal account balance will once again be $1,000. We aim to reach $25,000 by the end of QTR 1. We recognize that the present economic conditions and the upcoming election year present numerous new challenges. Therefore, we will closely monitor and adjust to optimize leverage.
Today's Signal P&L:
$1,239.00
Weekly and Monthly Signal P&L:
$1,666.00 and $4,368.00, respectively.
Total Signal Profit YTD:
$86,425.00 at YEAR END
DISCLAIMER:
While transparency is my goal, it's crucial to approach trading with common sense. Success is a journey, not an overnight achievement. I don't endorse quick-rich schemes. This disclaimer clarifies that there's no guaranteed replication of our results. Past performance doesn't ensure future outcomes. Your success depends on your skills, resources, market knowledge, capital, and commitment. We cannot guarantee your earnings and don't imply it, directly or indirectly. Stay informed and trade responsibly.
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Trading Friends Forex Trading Group
704-202-1730
www.tradingfriends.org