The Day That Could've Been: Performance Coaches' Trading Combine

Posted by TopstepTrader on October 10, 2017

The Performance Coaches lost $180 today, with the bulk of that coming on a 4-tick loss in the U.S. Treasury Bond. The Coaches also had a minor loss on a Emini S&P 500 trade and a minor gain on a Crude Oil trade. All in all, though the market didn't move the way that they anticipated it would, the Coaches took solid trades that just didn't work out. Faced with the same information, they would have made the same trades 99 times out of 100. 

Here's why. 

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Topics: Performance Coaching, Trading Combine, Trading Basics

Coaches Put Up a Great Week - Performance Coaches' Trading Combine

Posted by TopstepTrader on October 06, 2017

The Performance Coaches had a good week in their Trading Combine® - making back a good chunk of their recent losses and rebounding strongly from their largest drawdown of the challenge. Today, the Performance Coaches lost $130 - putting their total P&L for the week at just over $400.

Considering just two of the five trading days were winners, that's tremendous. 

But, this is trading ... an ebb and flow where you want your equity curve to go up and to the right. The idea behind the Performance Coaches' Trading Combine® was to demonstrate a risk-centric approach to markets that is the only way to be successful in the long run. One full month into their Trading Combine, the Coaches have solidly done that.  

Here is the weekly video recap, talking about lessons from the week. Coach Danny is joined by a special guest - the man behind the challenge. Check it out.

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Topics: Performance Coaching, Trading Combine, Trading Basics

Planning for Better Trading - Coach's Playbook

Posted by TopstepTrader on October 06, 2017

You can't stumble into good trading. You have to plan for it. This is the basis behind TopstepTrader's Trading Combine® , where  you have a safe environment to learn and experiment - inside certain rules. But if you hope to be successful trading over the long run, you need a written plan: what are your goals; what's your personal loss limit; what is your motivation for trading? 

In this week's Coach's Playbook, our Performance Coaches talk about the essential components of a proper trading plan - and warn against some common pitfalls. Check it out - you'll be glad you did. 

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Topics: Market Updates, Performance Coaching, Coach's Playbook

Best Day Yet: Performance Coaches' Trading Combine

Posted by TopstepTrader on October 05, 2017

The Performance Coaches made an impressive $711.46 in their Trading Combine® today. As luck would have it, they picked the exact top tick in a Crude Oil ($CLX7) short, riding that for $460 - more than double their average profitable trade. That, combined with an earlier Crude Oil long and a small U.S. Treasury Bond trade, built up to their best single day of trading yet. 

There was a lot to unpack today, so let's get to it. 

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Topics: Performance Coaching, Trading Combine, Trading Basics

Time to Get Even More Choosy: Performance Coaches' Trading Combine

Posted by TopstepTrader on October 04, 2017

The Performance Coaches took a $143.68 hit in their Trading Combine® today - pushing their balance to the lowest that it's been in the month they've been trading. Today's hit came with a $143.68 loss in Crude Oil - a long bought on a test of $50 that was stopped out when Crude broke below. 

Tomorrow, Coach Danny is trading solo - so we'll probably see some more activity in the U.S. Treasury Bond. 

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Topics: Performance Coaching, Trading Combine, Trading Basics

Sometimes It's One Step Forward, One Step Back: Performance Coaches' Trading Combine

Posted by TopstepTrader on October 03, 2017

The Performance Coaches gave up yesterday's gains in a series of two trades - one in Crude Oil and one in the Emini S&P 500. The Coaches didn't have a high sense of conviction on either trade, so kept their stops tight in order to get a 2:1 reward-to-risk ratio out of it. 

Here's how they let $162.36 get out of their account.

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Topics: Performance Coaching, Trading Combine, Trading Basics

Gains in Crude Inspire a Bounce-Back: Performance Coaches' Trading Combine

Posted by TopstepTrader on October 02, 2017

The Performance Coaches entered the new month with a renewed trading outlook - and added $132.64 to their trading account. They've now been profitable on 40% of their trading days, but just 30% of their trades. 

Those stats (all from the tough September market environment) are why the Performance Coaches are still underwater in their Trading Combine - with a balance of $48,946.34, $4,000 away from their profit target. 

Here's the recap of what they saw that led to gains of $132.64 on the day.

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Topics: Performance Coaching, Trading Combine, Trading Basics

Week 4 Video Review: Lots of Trading Ahead of Us - Performance Coaches' Trading Combine

Posted by TopstepTrader on September 29, 2017

The Performance Coaches completed their first month in a Trading Combine® - and as with everyone's trading, there were some highs and lows. This week, the coaches lost a total of $131.66, with a strong start to the week before giving back gains on a three-day slide that started Wednesday. In their first month trading in the Combine, the coaches have lost $1,186.30. 

Here's Danny and Hoag's video recap of the ups and downs and why they're confident they will earn back their losses by staying disciplined. 

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Topics: Performance Coaching, Trading Combine, Trading Basics

Building on the Positives in Your Trading - Coach's Playbook

Posted by TopstepTrader on September 29, 2017

In the past month, our Performance Coaches have been focused on tips to help you improve your trading performance - particularly with discussions about how to trade under pressure, get into a trading routine, and take care of the trading basics

But now that you're making progress, it's time to build on the positives. Our Coaches talk about how trading is meant to make our lives better - not to be frustrating.  In order to be successful in the long run, we need to build on the positives. Here's how.

Check it out - you'll be glad you did. 

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Topics: Market Updates, Performance Coaching, Coach's Playbook

Two-Day Slide - This is Trading: Performance Coaches' Trading Combine

Posted by TopstepTrader on September 28, 2017

Our Performance Coaches took a $159.93 hit to their Trading Combine today. They suffered the loss from a long U.S. Treasury Bond ($ZBZ7) trade - stopped out when it moved 5 ticks against them. 

As we've often seen, the trade direction wasn't incorrect. Bonds finished the day at 152'24, higher than the Coaches' entry at 152'19. However, their choice of level proved wrong. They got filled on a high tick before prices eventually collapsed to 152'06, stopping them out of the trade. The following rally was the one that took prices substantially higher. 

Here's the recap of what they saw.

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Topics: Performance Coaching, Trading Combine, Trading Basics

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