Daily Meeting for Wednesday August 13

Entries Were Sharp—But Exits Ignored the Prep

• A-tier reversal in tech was caught cleanly at the pre-mapped level by most traders.

• Exits became the issue, with many closing positions on a shallow retrace that was part of the plan.

• Several traders admitted they didn’t reference their morning notes once in the trade.

• Ernie emphasized: exits require the same prep discipline as entries—don’t improvise mid-trade.

• One trader who stayed disciplined secured the full mapped target.

Summary

The tech reversal trade was identified early, entered cleanly, and lined up with the morning prep. But trade management fell apart once the market pulled back slightly.

Many traders cut their positions during a move that was both expected and mapped, effectively turning a winning setup into a scratch or small gain. Ernie highlighted that the prep isn’t only about entries—exit criteria are just as important, and ignoring them is as damaging as missing the entry altogether.

A single trader who relied on the plan rather than their nerves captured the full extension, showing what’s possible when structure guides the decision-making.