Tag Archives: Market Behavior

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Daily Meeting for Friday April 11

Posted on by Conor Browne

Flipping the Execution Switch and Eliminating Entry Lag

• Team missed clean A-tier setup in tech, again due to hesitating at the exact pre-planned trigger.

• “Signal vs. Setup” confusion clarified—team was waiting for multiple confirmations even after primary level broke.

• Ernie reiterated: when it’s on plan and it hits, that is the trade. Period.

• Reviewed post-entry micromanagement, where several traders closed positions early despite no technical invalidation.

• Starter-size execution reemphasized, especially on first touches—to remove hesitation and build in.

• Next week challenge: execute the first A-tier setup on sight. Log outcome. Review Monday. No excuses.

Summary

the team unpacked another missed opportunity—this time in a clean, pre-planned tech setup. The level hit exactly, but multiple traders froze, waiting for extra confirmation that wasn’t part of the plan.

Ernie clarified the difference between a setup and a signal. The setup is built in the prep. The signal is the level hitting. Waiting beyond that means trading emotionally, not systematically.

The team also reviewed post-entry micromanagement habits, with several positions being closed early due to discomfort—not actual technical invalidation. The solution: starter-size execution on the first touch, which removes hesitation and allows for building into confirmation.

To close, Ernie issued a clear directive: next week, every trader must execute the first clean A-tier setup they see. No filters. No doubts. Log the trade. Review it Monday.

Archive, Zoom Daily

Daily Meeting for Wednesday April 9

Posted on by Conor Browne

Cleaning Up Late Entries and Rebuilding First-Trigger Trust

• Team hesitated on a clean early breakout in tech, then chased late with worse fills and less conviction.

• Ernie reiterated: execution must happen at the first trigger—not on the retest, not “once it looks better.”

• “Chase recovery” behavior highlighted, where skipped A-setups led to overtrading during midday chop.

• Reinforcement of entry tagging system—Clear, Gray, or Choppy—to build data around trade quality.

• Reminder to use starter size on A-setups, especially when price hits the exact level discussed in prep.

• Thursday goal re-set: everyone must execute the first A-tier setup with starter size—no filters, no second-guessing.

Summary

the team broke down another missed A-tier trade in the tech sector. Despite price hitting the planned level with confirmation, several traders hesitated and waited for “better” entries. When they did act, it was late—leading to worse fills and shaken conviction.

Ernie called out this pattern as “chase recovery,” where the guilt of missing clean setups leads to overtrading lower-quality ones during midday chop. The team reviewed trade logs showing how this sequence consistently results in worse outcomes.

To correct this, everyone recommitted to first-touch execution using starter size, especially when price taps a pre-marked level. The tagging system (Clear, Gray, Choppy) was reinforced as a self-assessment tool to help categorize and reflect on execution quality.

Thursday’s goal was reset: every trader must take the first clean A-tier setup at trigger—no hesitation, no edits.

Archive, Zoom Daily

Daily Meeting for Thursday March 27

Posted on by Conor Browne

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.

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Daily Meeting for Monday March 10

Posted on by Conor Browne

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.

Archive, Zoom Daily

Daily Meeting for Monday February 24

Posted on by Conor Browne

Strategic Adjustments for Increased Market Volatility

• Market Sentiment Shifts: Discussion on how unexpected news events triggered volatility and influenced trade setups.

• Refinements to the ‘big ass fly’ strategy: Adjustments to better handle rapid price reversals and unpredictable market moves.

• Strengthening Trade Confirmation Signals: Emphasis on using multiple technical indicators for more reliable entries.

• Dynamic Stop-Loss Placement: Techniques for tightening stops during high volatility while allowing room for trades to develop.

• Sector Analysis for Upcoming Opportunities: Identification of strong trends in tech and energy sectors for potential trades.

• Maintaining Discipline in Choppy Markets: Reminder to avoid overtrading and focus on high-probability setups.

Summary

the team focused on recent shifts in market sentiment triggered by unexpected news events, leading to heightened volatility. Ernie guided the team through refinements to the ‘big ass fly’ strategy, emphasizing adjustments to better handle rapid price reversals and unpredictable market conditions.

The importance of strengthening trade confirmation signals was discussed, with a focus on incorporating multiple technical indicators to improve the reliability of trade entries. Dynamic stop-loss placement strategies were also reviewed, aimed at balancing risk management while allowing trades enough flexibility to develop.

Sector-specific opportunities in tech and energy were highlighted, where strong trends presented potential high-probability setups. Ernie concluded by reinforcing the importance of maintaining trade discipline, particularly during choppy market conditions, and focusing on well-validated setups to ensure consistent performance.

Archive, Zoom Daily

Daily Meetings for Wednesday January 29

Posted on by Conor Browne

Fine-Tuning Market Timing and Strategy Adjustments

• Impact of Opening Volatility: Discussion on market unpredictability at open, leading to challenges in executing pre-market planned trades.

• Adjustments to the “big ass fly” strategy: Refinements made to improve its effectiveness in choppy, range-bound market conditions.

• Better Trade Confirmation Techniques: Introduction of additional indicators to avoid false breakouts and premature entries.

• Managing Stop-Loss Triggers: Review of trades that were stopped out too early, with strategies for wider stop placement in volatile environments.

• Capitalizing on Sector Momentum: Identifying strength in select industries and refining trade execution to align with sector rotation patterns.

• Avoiding Emotional Trading: Acknowledgment of mistakes made by chasing missed setups and reinforcing the importance of patience.

Summary

the team analyzed challenges faced due to heightened market volatility at the open, which disrupted pre-market trade plans. Ernie emphasized necessary refinements to the “big ass fly” strategy, particularly in handling choppy and range-bound conditions.

Additional confirmation indicators were introduced to filter out false breakouts and improve trade entries. The team also reviewed trades that were prematurely stopped out, exploring solutions for adjusting stop-loss placements in volatile environments.

Sector momentum was a key focus, with discussions on aligning trades with industries showing strength based on sector rotation trends. Lastly, the team addressed emotional trading tendencies, stressing the importance of patience and avoiding the urge to chase missed setups. Ernie concluded by reinforcing the need for discipline and adaptability to evolving market conditions.

Archive, Zoom Daily

Daily Meeting for Tuesday January 28

Posted on by Conor Browne

Refining Trade Execution and Managing Unpredictable Volatility

• Unexpected Market Reversals: Discussion on how sudden sentiment shifts disrupted trade setups and how to adjust for similar conditions in the future.

• Adapting the “big ass fly” strategy: Modifications to better handle sharp intraday price swings, ensuring quicker reaction times.

• Breakout vs. Fakeout Trades: Review of recent breakouts that failed to hold, with lessons on confirming momentum before entering positions.

• Scaling into Positions Safely: New guidelines for adjusting trade size incrementally rather than committing capital upfront in uncertain conditions.

• Using VWAP as a Decision Tool: Introduction of VWAP levels as a key factor in filtering good vs. bad trade entries.

• Avoiding Overtrading: Recognition of missed opportunities leading to emotional re-entries, emphasizing patience and discipline in execution.

Summary

the team addressed the challenges posed by sudden market reversals that disrupted planned trade setups. Ernie led discussions on modifying the “big ass fly” strategy to improve responsiveness to sharp intraday swings, emphasizing faster reaction times.

A key focus was distinguishing between real breakouts and fakeouts, analyzing failed trades where momentum did not sustain. New guidelines were introduced for scaling into positions gradually instead of committing full capital upfront in volatile conditions.

The use of VWAP (Volume Weighted Average Price) as a decision-making tool was discussed, providing an additional layer of validation for trade entries. The session also addressed the tendency to overtrade after missed opportunities, reinforcing the importance of patience and sticking to well-defined setups. Ernie concluded by emphasizing the need for disciplined execution and adaptability to evolving market conditions.

Archive, Zoom Daily

Daily Meeting for Monday December 30

Posted on by Conor Browne

Aligning Strategies for Year-End Market Dynamics

• Discussion on adjusting trading strategies to handle reduced liquidity during the final days of the year.

• Emphasis on refining the “big ass fly” strategy to leverage opportunities in defensive sectors.

• Analysis of trades affected by inconsistent execution timing, with strategies to improve response accuracy.

• Introduction of a framework for setting tighter stop-loss thresholds to mitigate risks in thin markets.

• Exploration of macroeconomic trends likely to influence early January market behavior.

• Reminder to remain disciplined and focus on high-quality setups while avoiding speculative trades in unstable conditions.

Summary

the team concentrated on refining strategies to adapt to the unique dynamics of year-end trading, marked by reduced liquidity and sector-specific opportunities. Ernie provided insights on leveraging the “big ass fly” strategy to capitalize on defensive sectors during this transitional period.

The team analyzed trades impacted by inconsistent execution timing, developing strategies to enhance response accuracy and improve outcomes. A new framework for setting tighter stop-loss thresholds was introduced to better manage risks in thin markets.

Macroeconomic trends likely to influence market behavior in early January were explored, providing context for potential trading opportunities. Ernie concluded by encouraging the team to remain disciplined, prioritize high-quality setups, and avoid speculative trades in the unstable conditions typical of year-end trading.

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Daily Meeting for Friday December 13

Posted on by Conor Browne

Refining Volatility Strategies and Navigating Sector-Specific Trends

• Analysis of the unexpected market reaction to central bank announcements and its impact on trade setups.

• Refinements to the “big ass fly” strategy to better capture opportunities in financial and tech sectors.

• Introduction of a sector-specific scanning tool to identify emerging high-probability opportunities.

• Discuss how external factors, like commodity price shifts, influence equity markets.

• Emphasis on learning from missed opportunities due to delayed trade execution.

• Plans to test a tighter correlation between stop-loss adjustments and intraday volatility changes.

Summary

the team analyzed how central bank announcements influenced recent market behavior, causing unexpected shifts in several sectors. Ernie led a discussion on refining the “big ass fly” strategy to better align with opportunities in the financial and tech sectors, which showed notable activity.

A sector-specific scanning tool was introduced to assist in identifying emerging high-probability opportunities, particularly in markets influenced by macroeconomic trends like commodity price shifts. The group reviewed trades that were delayed or missed, exploring ways to address execution timing issues.

The team also planned to test a tighter correlation between stop-loss adjustments and intraday volatility changes to enhance risk management. Ernie concluded the session by emphasizing the importance of aligning strategies with sector-specific trends and learning from recent trade outcomes to drive improvement.

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Daily Meeting for Thursday December 5

Posted on by Conor Browne

Adapting Strategies to Active Markets and Managing Emerging Risks

• Discussion on aligning strategies with increased market activity and post-holiday trading momentum.

• Refinement of the “big ass fly” strategy to capture opportunities in heightened volatility conditions.

• Emphasis on enhanced risk management practices, including adjusted stop-loss settings and dynamic position sizing.

• Review of technical indicators to improve timing for trade entries and exits amid active market movements.

• Exploration of sector trends influenced by recent economic events and their implications for strategy adjustments.

• Encouragement to remain focused on quality setups and avoid impulsive trading during this active market period.

Summary

the team focused on refining strategies to adapt to increased market activity and evolving trading conditions. Ernie led a discussion on updating the “big ass fly” strategy to better capture opportunities in heightened volatility, emphasizing the importance of flexibility.

Enhanced risk management practices were highlighted, including the use of adjusted stop-loss settings and dynamic position sizing to mitigate emerging risks. The team reviewed technical indicators that can assist in optimizing timing for trade entries and exits during active market periods.

Sector-specific trends influenced by recent economic events were analyzed to guide strategy adjustments. Ernie concluded by encouraging the team to prioritize quality trade setups, maintaining discipline and avoiding impulsive trading decisions in this active market environment.