Our Performance Coaches are in the midst of a streak - three consecutive win days for gains of $812.85. (Danny's superstitious so he's not changing his shirt as long as the win streak keeps going.)
Today, they added $70.21 to their account. That may not sound like much, but they did their job; their account has more money in it today than it did yesterday.
Here's what they saw that made today possible.
On the day, the Coaches gained $23.89 total on two separate U.S. Treasury Bond trades and $46.32 on a Crude Oil trade that went to late in the day.
What can you learn? Setting stops is critical. The Coaches set their stops close - but they are always at a point of failure when they feel comfortable with saying they are wrong directionally.
The first trade of the day was a U.S. Treasury Bond long at 154'25. The stop was set at 154'22 - at which point the Coaches actually went short the Bond. It may seem strange that one minute they expected the Bond to move higher and less than 10 minutes later they were betting on it to move lower, but that's the mark of a day trader. When the Bond breached whatever support they saw (at 154'23 or 154'24), the Coaches knew they were wrong directionally. That provides them with enough evidence that they should not only sell their long, but actually go short.
Follow us on Twitter for the latest updates in #CoachesCombine (@topsteptrader) where we post real-time throughout the day:
Total performance for the day, including fees and commissions: $70.21. Balance is $49,561.89. For more, check out their Trading Combine dashboard below.