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"Navigating Challenges: Reflections on a Trying Day in Trading"



Greetings,

 As we bid adieu to the 2nd  day of the last month in our fourth $25,000 challenge, Day 176 of Week 49 emerges as a pivotal marker in our journey. This leg of our expedition is etched with unwavering dedication and an unyielding commitment to our strategies. Join us as we delve into the latest data, preparing for the journey ahead.

Performance Under the Spotlight:
Since the beginning of the year, a meticulous analysis of 983 signals has resulted in an impressive record of 766 wins and a mere 217 losses. Our strategic approach, deliberately avoiding reliance on stop losses, stands as a robust foundation fortifying our confidence in our trading methodologies.

Win Percentage Breakdown:
LIVE Signals: Showcasing a 77.92% Win Rate, these signals offer an enticing 3:1 risk/reward ratio, categorizable as either a WIN or a FULL LOSS.

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, achieving profitability remains plausible at a 50% win rate, coupled with a risk-reward ratio of at least 1:1.

Holding Contracts Until Expiry Overview:
Despite securing 466 wins in this category, holding until expiry is discouraged, resulting in a success rate of just 47.40%. This approach proves unprofitable.

Weekly and Monthly Highlights:
The 2nd trading day of this week and month has showcased remarkable resilience, boasting a 70.00% win rate for the week and a 70.00% win rate for the month of December.

Long-Term Triumph
Our win rate has consistently stood strong over the past 5 years and 6 months, maintaining an impressive average of 75.47%. This sustained performance underscores our unwavering dedication to our trading methodologies.

Financial Progress from Signals:
Since initiating the 4th quarter challenge on October 2nd, 2023, with an initial investment of $5,000.00, we've made commendable strides, currently standing at $18,516.00 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. We now enter into the last month! Ho Ho Ho!

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: December 5th concluded with a loss of $336.00 for the day in another dynamic market. Our overarching goal is to incrementally grow our account while mitigating risk and remaining mindful of our daily drawdown. On days like today, we swiftly recognize market movements, taking profits early, and cutting 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 $894.00 for the week, having traded only for 2 days. Despite a challenging day today, profits total $894.00 in just 2 trading days, spanning 3-4 hours each morning for 4 days a week.

Total Signal Profit Year-to-Date:
Starting with $1,000.00, our year-to-date total signal profit stands impressively at $82,027.00.

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 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 from real members 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.
Originally posted by Trading Friends Forex Education via Locable
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