Honing Breakout Timing and Eliminating Second-Guessing
• Missed early breakout in mid-cap tech, despite pre-market plan highlighting it as a top-tier watch.
• Review of overcomplication during live execution, where clean setups were skipped due to second-guessing entry criteria.
• ‘Big ass fly’ strategy reaffirmed, with emphasis on trusting the first clean move rather than waiting for retests.
• Reinforcement of pre-market visual walkthroughs, to internalize target zones and remove hesitation at key levels.
• Discussion on early profit cuts, encouraging holding partial size for the full move when the setup remains intact.
• Group commitment to immediate execution on A-setups, with accountability reviews scheduled for Friday’s debrief.
Summary
the team dissected another missed opportunity on a mid-cap tech breakout. Despite strong pre-market planning and clear levels, the trade was skipped due to second-guessing during the moment of execution. Ernie emphasized that these moments stem from a lack of trust—not a lack of readiness.
The discussion reinforced the core principle of the ‘big ass fly’ strategy: strike early and decisively on clean momentum, rather than waiting for perfection. To support this, the team agreed to bring back pre-market visual walkthroughs, focusing on internalizing entry/exit zones before the bell.
Ernie also pointed out instances of profit being cut too soon, urging the group to let partial positions ride when a setup remains intact. The meeting closed with a team-wide agreement to immediately execute on any A-rated setup, with a Friday debrief scheduled to assess follow-through.