Hi Richard7!
Thanks again for another great post! Particularly like the analogy to wax on wax off! Shows how important it is to master 1 thing at a time and continually build our skills on a gradient. Often times we diffuse our focus and only learn things partially, then try to learn something else. Pretty soon we falter because the foundation wasn't strong....much like math...if you don't learn the basics of algebra, calculus becomes pretty hard, and differential equations nearly impossible.
Your posts have been both insightful and educational. Thank you for taking the time to share important Aha moments with us.
Wishing you all the best,
Pips
Thanks again for another great post! Particularly like the analogy to wax on wax off! Shows how important it is to master 1 thing at a time and continually build our skills on a gradient. Often times we diffuse our focus and only learn things partially, then try to learn something else. Pretty soon we falter because the foundation wasn't strong....much like math...if you don't learn the basics of algebra, calculus becomes pretty hard, and differential equations nearly impossible.
Your posts have been both insightful and educational. Thank you for taking the time to share important Aha moments with us.
Wishing you all the best,
Pips
DislikedHi everyone. I have a quick update on my study progress. I didn't post an update last weekend, just too busy.
I have completed reading through the entire thread, and I'm now reviewing some important posts I've noted, but mostly I'm going through Phillip's thirteen lessons and also some other interesting Mp3's and pdf's that I have saved throughout the course of reading. I was hoping to come up with a way to skip reading through EVERY post, but I can't in good conscience recommend anything but reading it all. As a result of my reading through this, I have realized a very important component was missing from my understanding of trading, that being market rhythm and motion. It occurs to me now that other methods I've studied and didn't fully understand would've worked well with this knowledge. I do think that going through Phillip's thirteen lessons, beginning on page 289, would be helpful before beginning to read through the posts.
I had planned to begin trading the 4H this week, but I may wait one more week. I like what's happening right now with my study of this, really focusing on some important details before beginning, going over and over things I consider to be important concerning market rhythm. Sort of the 'wax on, wax off' approach. You guys remember the movie "The Karate Kid"? The kid wants to learn karate and goes to the 'old master' for lessons. Rather than starting him off with moves and kicks and whatever, he has him wax his vintage cars every day with a specific method; wax on rubbing one way, wax off rubbing the other. He does this everyday foir quite some time until he gets sick of it, but when the 'real' lessons start, he finds out much to his delight that he has developed powerful muscles useful in defending himself as a result of his daily car waxing. I'm looking at what I'm doing this week the same way; I'm developing powerful 'trading muscles' by going over and over certain parts of this method I don't fully 'get' yet.
Thanks everyone, have a nice weekend, and keep up the hard work. It will pay off in due time.
God bless,
RichardIgnored
. Mini-bites seem to add up well for me...going for the grand slam usually takes me out...so, I'm OK w/leaving pips on the table. Hope this post resonates with someone out there...b/c I am trying to make a point that is very important for all traders to grasp.
