"Navigating Triumph: Unveiling the 9th Chapter of Our $25k Trading Journey"
Hello Traders,
As we bid farewell to the final signal day of the final month in our fourth $25,000 challenge, the 178th signal day of Week 49 unravels as a pivotal chapter in our journey. This leg of our expedition is etched with unwavering dedication and an unyielding commitment to our strategies. Join us as we unravel the latest data, gearing up for the adventures that await.
Performance in the Spotlight:
Since the inception of the year, a meticulous analysis of 992 signals has unveiled an impressive record of 772 wins and a mere 220 losses. Our strategic approach, deliberately steering clear of reliance on stop losses, stands as a stalwart foundation bolstering our confidence in our trading methodologies.
Win Percentage Analysis:
Signals: Flaunting a 77.82% Win Rate, these signals present an alluring 3:1 risk/reward ratio, neatly categorized as either a WIN or a FULL LOSS. Our signals operate without the crutch of a stop-loss strategy. While integrating a strategic stop loss or higher target levels for profit may optimize percentages and profitability, achieving prosperity remains plausible at a 50% win rate, coupled with a risk-reward ratio of at least 1:1.
Holding Contracts Until Expiry Overview:
Despite amassing 467 wins in this category, holding until expiry is discouraged, resulting in a lackluster success rate of just 47.07%. This approach proves unprofitable.
Weekly and Monthly Revelations:
The last signal day of this week and the 1st week of a new month has exhibited remarkable resilience, boasting a 68.42% win rate for the week and an impressive 68.42% win rate for the month of December in the early stages.
Long-Term Triumph:
Our win rate has consistently stood tall over the past 5 years and 6 months, maintaining an impressive average of 75.47%. This sustained performance underscores our unswerving dedication to our trading methodologies.
Financial Odyssey 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 $18,666.00 for the 4th quarter. The challenge's amplified difficulty, commencing with a limited number of contracts, underscores the pivotal role of discipline in our journey.
Reflecting on Past Horizons:
Looking back on past challenges, we've witnessed the evolution of our strategies. The initial sprint 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 Chronicle:
December 7th concluded with a loss of $372.00 for the day in another sloppy market. Our overarching goal is to incrementally grow our account while mitigating risk and remaining vigilant 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. The signal account GREW over $1,000.00 in just 2 winning days of 4. Mission Accomplished!
Weekly and Monthly Signal Snapshot:
Looking ahead, our weekly and monthly signal profit/loss stands at a profit of $1,044.00 for the week, having traded only for 4 days. Monthly profits total $1,044.00 in just 4 trading days as well, trading just 3-4 hours in the mornings.
Total Signal Profit Year-to-Date:
Commencing with $1,000.00, our year-to-date total signal profit stands impressively at $82,177.00.
In Summary:
Our enthusiasm to traverse this journey remains unyielding, as we embrace each challenge that crosses our path. Stay tuned for forthcoming updates on our odyssey.
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.
Originally posted by Trading Friends Forex Education via Locable4.9 (18 Reviews)
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