Tag Archives: 0-DTE Strategic Approach

Daily Meeting for Tuesday April 29

Breaking the Confirmation Habit and Trusting Pre-Market Commitment

• Skipped the A-tier breakout in financials, despite it matching the pre-market plan and triggering at the exact level.

• Team cited “waiting for confirmation candle”, which wasn’t part of the original entry criteria.

• Ernie emphasized: when the plan says go, your job is to pull the trigger—not to negotiate with it in real time.

• Late entries led to worse fills and smaller profits, while skipped trades caused emotional decision-making later in the session.

• Starter-size protocol reinforced again, as the solution for hesitation when price hits pre-validated levels.

• Wednesday goal: take the first A-tier setup exactly as prepped—if it hits, you’re in. Log any hesitation immediately.

Summary

the team reviewed another missed opportunity—this time a clean A-tier breakout in financials that hit exactly as mapped pre-market. Multiple traders admitted to waiting for a second candle or further confirmation that wasn’t part of the plan.

Ernie made it clear: the purpose of planning is to remove indecision. When your plan gives you the green light, your job is to take it—not rewrite the rules mid-session. Delaying the entry led to worse fills and tighter stop zones, while also creating emotional noise that affected the rest of the day.

The team re-committed to using starter size on first-touch triggers, especially for A-tier setups, so that hesitation is removed and participation is immediate.

Tomorrow’s focus: take the first clean A-tier setup the moment it hits. No filters. No edits. No negotiation.

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.