Daily Meeting for Wednesday April 9

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.