A New High Water Mark: Performance Coaches' Trading Combine

Posted by TopstepTrader on October 23, 2017

The Performance Coaching team seems have now fully overcome their early struggles and set a new high water mark for their Trading Combine®. Today, the Coaches jumped on the Emini S&Ps, shorting it as it began to fall this morning. The trade was almost immediately profitable and prices never really threatened the Coaches stop. But given the overwhelming trend recently, they did jump out of the trade a couple points early, booking 5.5 points. 

Here's what led them to think that the market was set for a decline when they entered the trade.

Read More

Topics: Performance Coaching, Trading Combine, Trading Basics

+$424.52 on the Week: Performance Coaches' Trading Combine Challenge

Posted by TopstepTrader on October 21, 2017

The Performance Coaches have erased (nearly) all of their losses after getting in an early hole in their Trading Combine® challenge. Their account is now at $49,967.05 - just $33.95 below their initial balance. But getting to this level was not easy. 

The Coaches have to deal with the fact that many of their early trades in the day are losers, putting them in a hole right off the bat. In this week's video recap, they talk about how they've approached that, as well as what other traders can learn from digging themselves into early holes. (For three concrete takeaways thus far, check out yesterday's recap.)

Check it out!

Read More

Topics: Performance Coaching, Trading Combine, Trading Basics

Don't Call It a Comeback: Performance Coaches' Trading Combine

Posted by TopstepTrader on October 19, 2017

When setting out in the Performance Coaches' Trading Combine®, the Coaches really wanted to exhibit good risk management techniques in a real-time market. Ultimately, the market does what it wants - and the Coaches can't guarantee that they would see it clearly. But they could guarantee that risk management would be paramount, and we hoped to show its impotance. 

With today's trades, their closing balance is $49,958.09 - down just $41.91 for the challenge. At one point in the challenge, however, they were in a $1,359.70 drawdown and just $640.30 away from their max loss. 

Here are the three things that kept them in their Trading Combine when the odds were not in their favor. 

Read More

Topics: Performance Coaching, Trading Combine, Trading Basics

Finding a Groove in the Crude: Performance Coaches' Trading Combine

Posted by TopstepTrader on October 18, 2017

The Performance Coaches are in a 3-day winning streak in their Trading Combine®, adding a solid $33.96 to their account balance. It's not a lot - but it's positive, and that's the most important part. The Coaches are in tune with the Crude Oil market, gaining $162.64 today in $CLZ7. Those gains were offset by a loss in the U.s. Treasury Bond. 

Here's how the day played out for them. 

Read More

Topics: Performance Coaching, Trading Combine, Trading Basics

Taking Advantage of Crude Oil: Performance Coaches' Trading Combine

Posted by TopstepTrader on October 17, 2017

The Performance Coaches caught a strong rebound in Crude Oil ($CLX7) today - netting them more than $270 in profits on the day. After today, their balance is $49,661.49, down just $338.51 on their Trading Combine®

Though they are down on the Trading Combine, they have gained more than $1,000 off their lows having finally caught their stride. They've honed in primarily on one market - Crude Oil - and are working as a team. 

Here's how they identified today's trades, one a loss of $120 and one a gain of $400. 

Read More

Topics: Performance Coaching, Trading Combine, Trading Basics

$0.01 Away From a Great Trade: Performance Coaches' Trading Combine

Posted by TopstepTrader on October 16, 2017

Monday was a slow day in futures markets. The Emini S&P 500 ($ESZ7) was in a five-point range; U.S. Treasury Bonds ($ZBZ7) traded in a 14-point range; and Crude Oil ($CLX7) fluctuated up and down $0.50.

Inside of that, the Performance Coaches saw one opportunity and went long Crude Oil at $51.77 with a stop at $51.62. But unlike two weeks ago when the Coaches were a penny on the right side of the market, today, they were a penny on the wrong side of the market. Their stop was hit at $51.62 - and then the Crude Oil market took off, rising back to $52.

"It was a bit unlucky, but that's the market sometimes," said Performance Coach Dan Hodgman. "Novice traders may think that the market was out to get them or that automated systems were hunting for stops. I think we realize that it's not personal. The market will do what it is going to do."

Read More

Topics: Performance Coaching, Trading Combine, Trading Basics

Performance Coaches +$325 on the Week in their Trading Combine Challenge

Posted by TopstepTrader on October 13, 2017

The Performance Coaches are finally hitting their stride in their Trading Combine®. This week, the Coaches added nearly $325 to their balance - their second great trading week in a row. After being down more than $1,350 at one point, the Coaches are now down just $450 in total. 

Their journey has shown the critical role that proper risk management plays in trading. They have been profitable on just 39% of trading days and 35% of trades over the 23 days they've been active in markets. But since their average winning trades are nearly 80% higher than their average losing trade, they are able to stay in the game. 

In this week's video recap, Coach Dan Hodgman talks about their overall progress, some takeaways from the week and how the Coaches are catching their stride. Check it out!

Read More

Topics: Performance Coaching, Trading Combine, Trading Basics

Crude was Volatile Today: Performance Coaches' Trading Combine

Posted by TopstepTrader on October 12, 2017

What was going on in Crude Oil ($CLX7) today? Our Performance Coaches tried to figure it out, but were stymied by the intense up and down movement. In total, they lost $187.36 on the trading session over two trades. Considering they could've easily been whipsawed back and forth, today was not a bad trading day. 

Here's the breakdown of the trades they made and how they tried to navigate a tough market.

Read More

Topics: Performance Coaching, Trading Combine, Trading Basics

Cut Stops, Let Profits Run: Performance Coaches' Trading Combine

Posted by TopstepTrader on October 11, 2017

The Performance Coaches rebounded from a two-day slide with gains of $392.64 on today. The gains came on a timely Crude Oil ($CLX7) long at $50.76, shortly before the price started a strong rally. They were able to ride that for $0.50. 

What's remarkable about that trade though is how it came just after the Performance Coaches were in a short Crude position. They shorted Crude at $50.70 with a stop at $50.80. When the price failed to move lower and instead hit their stop, the Coaches quickly reversed course. 

Read More

Topics: Performance Coaching, Trading Combine, Trading Basics

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. 

Read More

Topics: Performance Coaching, Trading Combine, Trading Basics

Follow Us:

Subscribe to Email Updates