"Mastering Day Trading: Week 10 of the $25k Challenge"
Day 130 (Week 36 Year) - Week 10 of our 3rd $25k Run
In the fast-paced world of day trading, every day brings new challenges and opportunities. Today marks Day 130 of our 2023 journey, and we're in the midst of our third $25,000 run. Let's dive into the numbers and see how we're doing.
Signals:
Coach David posted a total of 741 signals so far, with an impressive 585 wins and 156 losses. It's important to note that we do not use stop losses for our signals, which reflects our confidence in our strategies.
Average Risk/Reward Ratios: Our approach to risk management is a key factor in our success. We break down our trades into three categories:
1. T1: With 78.94% of signals being WINNERS Risk/Reward ratio of 3:1
2. T2: This category boasts a 67.20% win rate with a 2:1 Risk/Reward ratio.
3. T3: With a 60.59% win rate, T3 signals offer a 1:1 Risk/Reward ratio.
Our signals profit at a 50% Win Rate at a 1:1 Risk/Reward ratio based on our system's leverage, highlighting our consistent approach to trading.
FITM: (Full in the Money at EXPIRY) Although we've had 357 wins in this category, it's important to note that this is not advised, and they come with a 48.17% success rate.
Weekly and Monthly Results: In the past week, we achieved a remarkable 82.35% win rate with 14 wins and 3 losses. This level of consistency extends to our monthly results as well.
Long-Term Success: Over the past 5 years and 2 months, our average win rate stands at an impressive 80.73%. This consistency is a testament to our dedication to our trading strategies.
Financial Progress: We started this journey in July with $1,000.00 and have grown our balance significantly. Currently, we're at $14,926.00, just $74.00 away from moving to 6 contracts in 10 weeks on our 3rd $25k run. With the month of September ahead, we're excited to see how close we can get to our goal.
Today's Signal P&L: We closed the day with a signal profit of $1,800.00, demonstrating our ability to seize opportunities in real-time.
Total Signal Profit YTD: With our starting balance of $1,000.00, we've achieved an impressive YTD total signal profit of $61,925.00. As we continue this journey, we remain focused on our goal and committed to our trading strategies. Stay tuned for more updates on our progress. Happy trading!
4.9 (18 Reviews)
Trading Friends Forex Trading Group
704-202-1730
www.tradingfriends.org