Our Performance Coaches are taking risk management and the Trading Combine® very seriously - again declining to enter a trade even as the Emini S&P 500 ($ESZ7) hit a new contract high.
Part of this is due to the fact that they are in a drawdown and want to be selective with their next 1-2 trades. That's just good risk management.
The other part was due to the fact they weren't able to give markets the attention they deserved today. They were helping traders identify opportunities and overcome emotional hurdles with trading. That's OK though, Senior Performance Coach John Hoagland says. Better to not trade than to try to force something and make a costly error.
We'll be back at it tomorrow. Stay tuned and follow us on Twitter at @topsteptrader for notifications shortly after our Performance Coaches enter trades.
Total performance for the day, including fees and commissions: $0. Balance is $49,203.06. For more, check out their Trading Combine dashboard below.
Want to join them in a Trading Combine? Click on the link below.