No trades for the Performance Coaches today. But it wasn't a day off. Danny and Hoag didn't force anything, which is important - particularly during a drawdown.
In the morning, Danny missed a setup in the 30-Year Treasury Bond ($ZBZ7) - but did not chase the price as it moved higher. The price rallied from below the 157 handle to near the 158 handle, in roughly an hour.
And Hoag entered an order to short Gold ($GCZ7) after its 10 a.m. spike to $1355.50, trying to sell a contract at $1352.50. The market was a couple ticks away three times between then and the floor close - at which point Hoag canceled his order.
Overall, markets were choppy, particularly in Crude Oil ($CLV7) and the Emini S&P 500 ($ESU7). Those products moved throughout the day, but traded in the middle of recent ranges - offering few opportunities at a 2:1 risk / reward ratio.
(If you haven't yet listened to them talk about their strategy, view that first here.)
Our Performance Coaches are stalking the market. No trades yet today. #CoachesCombine— TopstepTrader (@TopstepTrader) September 7, 2017
No trades in our #CoachesCombine today. Still down $637.01 in their Trading Combine. Back at it tomorrow!— TopstepTrader (@TopstepTrader) September 7, 2017
Total performance for the day, including fees and commissions: $0. Balance is $49,362.99. For more, check out their Trading Combine dashboard below.
Want to join them in a Trading Combine? Click on the link below.