Daily Meeting for Thursday October 2

The Plan Was Clear—But the Follow-Through Needed Conviction

• Market opened with firm directional cues after strong jobless claims data.

• Tools leaned bullish early—Mode Dial and Liquidity Flow both near upper ranges.

• Some traders entered correctly but lacked conviction to hold through expected early volatility.

• A few missed the continuation move by exiting too quickly on normal fluctuations.

• Ernie reinforced that pre-market conviction should carry into trade management.

Summary

Economic data supported continuation higher, and the team’s pre-market plan reflected this, with both Mode Dial and Liquidity Flow indicating momentum.

Despite this, most traders failed to hold positions long enough to benefit. Early intraday fluctuations created doubt, leading to premature exits just before continuation. Ernie emphasized that this wasn’t an issue of bad prep—it was a failure to trust valid setups once confirmed.