The Performance Coaches gained $198.96 today affter going long Crude Oil ($CLZ7) on three separate trades. Though Crude closed lower on the day, the Coaches kept initiating longs based on the two-month-long trend that saw Crude gain from $47 to a high of $55.20 today. That $8 move has only accelerated in recent days - causing the Coaches to look for opportunities to primarily buy any dips.
Here's how the Coaches trading worked out today.
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The Coaches first long of the day came right at the open, when Crude initially sold off to $54.80 and then rallied up $0.10. This is one of John Hoagland's favorite trades - when the one-minute opening bar (8 AM CT for Crude Oil) establishes a range and then prices move outside of that. Hoag then puts a stop below that bar and buys that break out.
Today, that trade worked out for the Performance Coaches - as Crude traded higher. Since they were closing out the trade ahead of the inventory numbers, they were able to lock in a $100 profit.
The Coaches placed two more trades the rest of the day - going long Crude near the Weekly Kickoff high of $54.60 - and then once again after it put in a bottom. The second trade did not work out, while the final trade did - helping the Coaches add nearly $200 to their balance today.
If you want to follow the Coaches' trades on Twitter (@topsteptrader), you can use #CoachesCombine. Here's how we reported them today.
Performance Coaches long $CL_F at $54.91, stop at $54.79. Will close out by inventories. #CoachesCombine
— TopstepTrader (@TopstepTrader) November 1, 2017
Performance Coaches sold $CL_F long at $55.01 for $100 profit ahead of inventory numbers. #CoachesCombine
— TopstepTrader (@TopstepTrader) November 1, 2017
Performance Coaches go long $CL_F at $54.55. Stop at $54.43. Looking for move to new highs. #CoachesCombine
— TopstepTrader (@TopstepTrader) November 1, 2017
Performance Coaches stopped out of $CL_F long for $120 loss. Down $20 on the day. #CoachesCombine
— TopstepTrader (@TopstepTrader) November 1, 2017
Performance Coaches long $CL_F at $54.07. Stop at $53.94. #CoachesCombine
— TopstepTrader (@TopstepTrader) November 1, 2017
Performance Coaches close out $CL_F long at $54.27 for $200 profit. #CoachesCombine
— TopstepTrader (@TopstepTrader) November 1, 2017
As a reminder, trades are not recommendations and we do delay the Twitter feed by 15 minutes.
Total performance for the day, including fees and commissions: $198.96. Balance is $50,753.17. For more, check out their Trading Combine dashboard below.
