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.
The Coaches also were looking to go long an Emini S&P 500 futures contract. However, they set their buy target at 2497.50 - 1 point below the morning low. That price never got hit as equity futures were relatively bid all day.
Follow us on Twitter for the latest updates in #CoachesCombine (@topsteptrader) where we post real-time throughout the day:
Total performance for the day, including fees and commissions: -$159.93. Balance is $49,274.74. For more, check out their Trading Combine dashboard below.