Strategy Adjustments and Key Learning Points
• Reflection on the past week’s trading activities, including both successful trades and areas for improvement.
• Analysis of how the current market conditions, characterized by reduced volatility, impacted trade outcomes.
• Discussion on refining the “big ass fly” strategy to adapt to both high and low volatility environments.
• Emphasis on the importance of sticking to the trading plan, particularly in stable market conditions where overtrading is a risk.
• Introduction of new goals for the upcoming week, focusing on improving trade entries and better timing of exits.
• Encouragement to maintain a consistent approach and adapt strategies as market conditions evolve.
Summary
the team reflected on the previous week’s trading performance, identifying both the successes and the areas where further improvements could be made. The meeting focused on how the current market conditions, marked by reduced volatility, affected trade outcomes and prompted a review of key strategies.
Ernie emphasized the importance of refining the “big ass fly” strategy to perform effectively in both high and low volatility environments. The discussion also covered the risks of overtrading during periods of market stability, with a reminder to stick to the planned strategy and not be tempted by market noise.
Looking ahead, new goals for the upcoming week were introduced, including refining trade entries and improving the timing of exits to maximize returns. The session concluded with encouragement to maintain a consistent trading approach while continuing to adapt strategies based on evolving market conditions.