Sharpening Trade Entry Execution and Sector Focus
• Missed early entries in the energy sector due to hesitation at key breakout points, with strategies discussed for improving response time.
• Adjustment to pre-market watchlist, adding mid-cap tech stocks that showed unexpected volume spikes after the open.
• Refinement of the ‘big ass fly’ strategy, specifically adapting to slower momentum in financials during late-morning sessions.
• Stop-loss tightening strategy reviewed after several trades triggered stop-outs too early in thinly traded setups.
• Increased focus on volume profile analysis to identify valid support/resistance zones and avoid fake breakout attempts.
• Reinforcement of execution speed drills, ensuring readiness for sharp moves immediately after news-driven catalysts.
Summary
the team focused on execution timing and sector prioritization after identifying missed early trade opportunities in the energy sector. Ernie highlighted the need to improve reaction time at breakout points and suggested refining pre-market watchlists to include mid-cap tech names showing strong volume signals.
The session also addressed refinements to the ‘big ass fly’ strategy, particularly adapting to slower momentum observed in the financial sector during the late morning. Several trades were stopped out prematurely, leading to a review of stop-loss placement, emphasizing the need for tighter strategies in thinner markets.
Ernie introduced an increased focus on volume profile analysis to improve the accuracy of support and resistance levels, reducing the risk of entering false breakouts. The meeting concluded with a plan to implement execution speed drills aimed at preparing the team for rapid market moves, especially in response to news-driven catalysts.