Monday was a slow day in futures markets. The Emini S&P 500 ($ESZ7) was in a five-point range; U.S. Treasury Bonds ($ZBZ7) traded in a 14-point range; and Crude Oil ($CLX7) fluctuated up and down $0.50.
Inside of that, the Performance Coaches saw one opportunity and went long Crude Oil at $51.77 with a stop at $51.62. But unlike two weeks ago when the Coaches were a penny on the right side of the market, today, they were a penny on the wrong side of the market. Their stop was hit at $51.62 - and then the Crude Oil market took off, rising back to $52.
"It was a bit unlucky, but that's the market sometimes," said Performance Coach Dan Hodgman. "Novice traders may think that the market was out to get them or that automated systems were hunting for stops. I think we realize that it's not personal. The market will do what it is going to do."
Want to test your skill in a Trading Combine?
Follow the trades on Twitter (@topsteptrader) using #CoachesCombine. Here's how we reported them today.
Performance Coaches long $CL_F at $51.77. Stop at $51.62 with profit target at $52.20. #CoachesCombine
— TopstepTrader (@TopstepTrader) October 16, 2017
Performance Coaches long $CL_F stop hit at $51.62. Down $150 on the day. #CoachesCombine
— TopstepTrader (@TopstepTrader) October 16, 2017
Total performance for the day, including fees and commissions: $153.68. Balance is $49,388.85. For more, check out their Trading Combine dashboard below.
