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Our Performance Coaches John Hoagland and Danny Hodgman kicked off their Trading Combine® today! If you haven't yet listened to them talk about their strategy, view that first here.
On a day when futures markets were extremely volatile, with the S&P 500 falling more than 1% at one time and Gold rallying more than 1%, Hoag and Danny played it cool - entering two Crude Oil ($CLV7) positions. How'd they do? Let's take a look.
Performance Coaches go long $CL_F at $48.94, stop at $48.79 - looking for continuation of today's trend to $49.40. #performancecoachcombine
— TopstepTrader (@TopstepTrader) September 5, 2017
Performance Coaches stopped out on $CL_F long at $48.79 for $150 loss. #performancecoachcombine
— TopstepTrader (@TopstepTrader) September 5, 2017
Performance Coaches went long $CL_F at 48.57. Stop at $48.42 and profit target at $49.17. #PerformanceCoachCombine pic.twitter.com/Ipsx9YmtVJ
— TopstepTrader (@TopstepTrader) September 5, 2017
Performance Coaches close out long $CL_F at $48.63. Done for day with $90 loss. Trading for tomorrow. #PerformanceCoachCombine
— TopstepTrader (@TopstepTrader) September 5, 2017
That first trade was quick, as the Performance Coaches bought on Crude's slight pull-back from the highs. Since they already defined their stop, they were able to get out and reconsider the position, which ultimately fell to $48.47. With a clear head, they were able to buy again at $48.57 ahead of Crude Oil's floor close at 1:30 PM CT. That position netted them $0.06, or $60, for the 1 lot they traded.
Total performance for the day, including fees and commissions: - $97.36. Balance is $49,902.64. For more, check out their Trading Combine dashboard below.
