Traders tend to love volatile markets - the up and down movements create opportunities. But such was not the case for the Performance Coaches today, who lost just under $100 total after three trades.
The Performance Coaches jumped into a long S&P 500 early in the morning, looking for support ahead of the Weekly Kickoff low at 2575. But, they jumped in a little too early and put their stop a little too close - causing them to get stopped out of a long they initiated at 2579.25 for a 4.5 point loss. As prices stabilized, they reinitiated that trade, buying back at 2575.75 - riding that to 2580.75 for $250 in gains. That gave the Coaches roughly $20 in profits on the day.
As the S&P sunk from those levels down to its low at 2562.75, the Coaches tried one more long on the $ESZ7 at 2574.50 - a trade that was quickly stopped out at 2572.25. Here's a chart looking at how things played out today:
Here's a play-by-play update of the Coaches trades on Twitter (@topsteptrader) using #CoachesCombine:
Performance Coaches stopped out on $ES_F long at 2574.75 for $225 loss. Went back long at 2575.75 w/ stop at 2572.75.— TopstepTrader (@TopstepTrader) November 9, 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: -$98.54. Balance is $50,584.15. For more, check out their Trading Combine dashboard below.