Day 8: Big +$374 Gains - Performance Coaches' Trading Combine

Our Performance Coaches patience finally paid off as they added $373.96 to their balance and halved their losses in the process. The Coaches reiterated that this is why risk management is so critical. Many traders will do the opposite - work for two weeks to incrementally make gains and then give it all up on one bad trading day, they said. If you want to be successful, you simply have to limit your losses. 

Here's how their day shaped up. 

Even though Crude Oil ($CLV7) gapped higher, the Coaches were first inclined to buy it on the expectation that it would continue higher. However, because it was near a key level, they decided to monitor the position more closely. Soon, $0.08 under water, they closed out the trade and waited for a new opportunity. 

When Crude broke higher once more and then started to fail, the Coaches sold a contract, initially looking to ride it $0.60 lower. They sold early, booking a $0.34 profit - or $340 for the one lot. Soon after, they bought U.S. Treasury Bonds ($ZBZ7) with a very tight stop and a 4-tick profit target. That trade was successful, and they added another $125 to their balance.

Of course, don't take our word for it. We put all this out on Twitter (@topsteptrader):

(If you haven't listened to them talk about their strategy, view that here.) 

Total performance for the day, including fees and commissions: $373.96. Balance is $49,654.80. For more, check out their Trading Combine dashboard below.

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