continuation of prior post: The emotion is not so much the issue... having been confronted with situations far more dire and emergent than a trading position moving against me, maintaining calm has rarely been a problem. You have been frozen in your footprints all week long. From now on, when you are "beset", post your scanned log and have a notation on it for that moment. In fact, I pride myself on my sang froid. In logic a bar over a symbol conveys "Not" symbol. Use SF with a bar over it on your log to stand for "beset". My problem thus far is more a case of correct and complete understanding of all the signals. This is why we have boot camp and why it lasts so long as a month. We have a way of dealing with this common problem that all people have. You log. The log shows two classes of things: what you know and what you do not know. "beset" goes on your log or SF with a bar over it for the times you do not know, i. e., you have your problem cited above. -------------------------------------------------------------------------------- The job is to trade with 1 contract by being in the market, on the right side of the market and making money as price changes. -------------------------------------------------------------------------------- As a consequence of the above, I'm not entirely confident about moving from paper to dollars on this just yet. When you know you know the P, V relationship, then you trade. This weekend I will start over. I tried to get people to be with it. I had hoped the people who were participating were NOT learning fear, anxiety and anger. As the day opens, everyone enters promptly on a dominant traverse. Logic says that a person can annotate in a place a pile of things that may be dragged and dropped into place; these are 1, 2, 3, FTT, BO and at least 4 of each may be used in a day. Type them out in a row along the chart. On the volume part of your chart type up four sets of B2R, R2R, R2B, and B2B. Clone if you run out. As you are looking for these points, put the next one where you think it will be as a wild ass guess. Putting 1 in place is easy. Next 3 goes in place for the channel and it is way to the right. If you have a 1 in place then you know the DOMINANT direction of price and binarily you know the NON DOMINANT direction of price. You know how volume runs UP in a DOMINANT and volume runs DOWN in a NON DOMINANT. Get large cards and write on them SEQUENCES Glue it with magic glue or a strong permenant glue to each toilet lid within three miles of your bed. Keep the lids closed except AFTER you have read "sequences" before you use the toilet. This week Spyder and I made arrangements with the ES to provide some sequences for our boot camp. We arranged for price and volume to exhibit movement accroding to the P, V realtionship. On occassion, 1 contract made 1,000 dollars in two minutes. Some people do two things as they learn: One is doing the work and the other is "freaking out" by using irrational survival and preservation tactics. We annotate so price and volume can fill in the spaces between the channels, or traverses or tapes. On the LTL of any of these it is possible for a VE as we found out early in the week. After that occurance we found out an FTT was likely because the channel , traverse or tape was wider. Channels overlap. Lets deal with those people who are reading this as CW types or people who do not do the work. They think the annotations are done after the fact. In fact they are drawn asap and they are projected. The platform gives the internals all the time along with the data feed. We run three fractals all the time: channels for beginners to do trades traverses for advanced beginners to do trades and tapes for advanced intermediates and experts and advanced experts to do trades. Everyone draws tapes. Every one draws traverses Everyone draws channels. A beginner is in a trade well before the channel may be drawn. He enters on a dominant traverse which is also the time their is a dominant tape. What does this person do after the entry? He holds until the channel is starting to overlap. You get "beset" apparently as you DO NOT SHARE YOUR CHARTS OR LOGS. You post all over the place as well but not here. The sequence between point 1 and the beginning of overlap is a hold sequence for beginners who know very little. At the time when volume will not drive price to the LTL, price stalls and volume doesn't keep increasing or increasing enough any more. An FTT occurs. The beginner reverses here and does every other level of trader. Look at all of the binary pairs of symbols on the logging columns that are different on this row of logging as compared to the row just above that is completed and filled in. you get "beset" row after row. you do not have many pairs of symbols that describe the V and the P columns. you may just be running a lab sheet where you put what you read off the chart as values and put the values on the log. -------------------------------------------------------------------------------- We have internals showing up and we HOLD through these since internals do not occur on change MODE situations or circumstances. -------------------------------------------------------------------------------- I've found this point particularly difficult to reconcile e.g. 1st change signal on the posted chart of 3.10.8. I couldn't find chart 3.10.8. The first change signal on any chart you are using is the FTT of a channel after point 1 of that channel where you entered with 1 contract. Post chart 3.10.8 and state it is chart 3.10.8. I assume it is a Friday chart for yesterday. -------------------------------------------------------------------------------- Next weekend we move up the ladder in skills. --------------------------------------------------------------------------------
Sorry, my mistake. You referred to the Iterative Refinement thread as a central command hub in one of the posts, so I mistakenly posted my logs there. Here is my most recent complete real-time log. (Thursday x3 speed late night, Friday not logged). The remarks column is in blue, while all the other columns are either red or black, depending upon either the Elevation Change or the direction of the trade/price movement. I could take some digital photographs and upload them if that's better. <img src=http://elitetrader.com/vb/attachment.php?s=&postid=2119715 width=800>
I've arranged my work-schedule so I have market access on Wednesdays and Fridays. Here is my chart from Wednesday (original version, warts and all). There are several mistakes. <img src=http://elitetrader.com/vb/attachment.php?s=&postid=2119726 width=800>
I'd be happy to post charts for the other days, but I run those on a market replay, and for some reason, the annotations are deleted once I turn the replay off. I'll gladly restrict all my posting to this thread until the end of boot camp.
-------------------------------------------------------------------------------- Quote from Neoxx: While it's clear there are others who would derive maximal benefit from added tools and sophistication, I unfortunately cannot number myself amongst them yet. -------------------------------------------------------------------------------- I couldn't locate this snippet in the thread; my guess it is in another thread that you post in. Jack, Just a quick note. I hope you didn't construe the above as a wish to slow the boot camp, or derail the intended syllabus. Just didn't feel as though I had all of the basics down cold. I've managed to clear the rest of my weekend, which should allow sufficient time for me to clarify some of the nuances of the PV relationship that have been eluding me. There are NO nuances. Th PV relationship is binary and it is a combination of two binary IF..THEN statements. You are in a CW orientation. what this simply means is that you have already built your mind in another orientation and so far you are not doing anything to learn. Even if a person is not too bright, that person can sit down and do a few things to begin. you haven't and you have posted "inventions" that were fun for you to do . These are things in the category of your "wants". Do what you want as long as you wish; this is your life style. Also, for some reason, I'm finding that taking a short break from logging is helping the remaining pieces come together. Perhaps it's because I'm a visual gestalt learner? Cool. Didn't know you were such handicapped. It may be and you may find out that a log may be seen and filled in using your eyes. In any case, the process of switching accounts from Tradestation to Mirus (Ninja/Zen-fire) is almost complete and I should be up and running by midweek (which coincides with my next RTH access). Cool. I had the wrong impression that you understood boot camp was daily for a month. One of the requirements of boot camp is to connect with your partner, the market, when the market dictates it is there. You will not get anywhere on this because you lack the time, the effort and the connectedness to the markets. For others who are considering becoming experts this month, it is a good idea to recognize that you MUST work with the market on the markets terms: be there and be in the market. Have slowed down on the Futures journal, and looking forward to this weekend's fresh material. Please consider skipping this thread and instead start with PVT for stocks. PVT can be sone and learned after hours. The SCT is a real time leveraged sequence of adding akill levels where each level must be built on an intial foundation. You do not have any foundation as yet. Get it from PVT over time of your choosing. Thanks again for giving us all this great opportunity. Neo P.S. On a related note, is it acceptable to revert to an enter/exit orientation, at least to build initial live confidence? enter/exit is a CW probability based risk management oriented and rule set oriented betting game. There are many reasons why things turn out the way they do for various people. CW is where the majority of traders have their experiences for the time that they do trading. It doesn't afford people the oppotunity for a long term experience. It is more or less a revolving door type of thing that you have become part of. you thought you were going to leave it or maybe moreso just add some aspects of SCT to what your beliefs have set you up as. The flight or fight sympathetic first recourse you have is really backed up deeply with the two standard sequential and habitually difficulties of people like you. These include: the (2) Stage of Resistance and the (3) Stage of Exhaustion which follow the (1) Alarm Reation you continually start with. Read your posts in this thread. You do not annotate because you can't as it stands. Then you didn't log and you feel taking a break from not doing annotations and nor logging will clear things. Then you state that you desire to do the familiar for clarity (Entry/ exit). Entry\exit is just another fear and anxiety program. You stay on the sidelines and once in a while make a bet and when you can't enduring not knowing what is going on any longer you exit. (its often called the "early exit") "initial live confidence" is a construct from your past. Initial happened long ago and you began to differentiate your mind. It is all based on fear and anxiety so far. "Beset" is your word for "I can't fit this into my way of thinking and my existing beliefs" I can definitely confirm that you cannot. no one can who has made a series of choices and gotten to the entry/exit CW belief system of betting. It IS and inductive risk based no win system of beliefs. And you chose to have them. The medical field is largely based on this inductive approach you honor. Ir is tough to run a medical program whee induction is NOT allowed to reign free.
I probably has to do with your past experience or your lack of past experience. If you ever get a chance to work on a cutting edge science staff, give it a try.