"Trading Update: Week 9 of 3rd $25k Run"
Welcome back to our weekly trading update! It's Day 128 of our trading journey, marking Week 9 of our 3rd attempt to turn $1,000 into $25,000. Let's dive right into the numbers:
Signal Performance: I posted a total of 724 signals this year, resulting in 571 wins and 153 losses. Notably, we do not utilize stop losses for any of the signals.
Risk/Reward Ratios: Target 1 (T1): 78.86% win rate. Target 2 (T2): 66.98% win rate.Target 3 (T3): 60.35% win rate. FITM: 47.79% win rate - Not Recommended.
Weekly Results:
This week, we secured 21 wins and suffered 1 loss, resulting in an impressive 95.45% win rate.
Monthly Performance:
Over the course of the month, we achieved 85 wins and experienced 20 losses, boasting an 80.95% win rate.
5-Year Averages:
Looking at our long-term performance, our 5-year 1-month average win rate as of August 2023 is 80.51%. Furthermore, our new 5-year 2-month average has increased slightly to 80.73%, indicating steady growth above a 70% win rate for all signals.
Account Balances: We started with an initial capital of $1,000.00, and our current balance is an impressive $12,601.00. (Day 2, 5 contracts) Our journey restarted with 1 contract on July 5th, 2023.
Previous Runs: Our first attempt to reach $25k was accomplished in 12 weeks, concluding on March 23rd with a balance of $25,084.00. The second run concluded at Week 13 with $22,315.00, just $2,685.00 shy of our goal. Now, in our third run, we are at Week 9 with a balance of $12,601.00.
Current Profits: Thursday's signal trading resulted in a profit of $750.00 for the day, and we achieved a signal profit of $3,480.00 for the week. Over the course of the month, our signal trading yielded an impressive profit of $8,962.00. In total, year-to-date, starting with $1,000.00, we have accumulated a remarkable $59,000.00 in signal profit.
Stay tuned for more updates as we continue our journey to turn $1,000 into $25,000. Your commitment to trading and our well-calculated strategies are taking us closer to our goal with each passing week. Keep up the excellent work!
4.9 (18 Reviews)
Trading Friends Forex Trading Group
704-202-1730
www.tradingfriends.org