I designed the
Futures Journal as a step-by-step guide for
learning the various portions of the methodology. With time, and purposeful learning, anyone can begin to understand the concepts discussed. However, the monthly discussions, which break down the various tool sets into smaller components, represent a resource where one can return (again and again if need be) to augment one's understanding.
The
Iterative Refinement threads brings these various components together into a cohesive picture. First one needs to
learn. In other words,
now we learn to
apply the lessons of the past. Do you need an understanding of
all the tools involved? A basic knowledge yes, but do you need to
use all the tools discussed? Absolutely not.
With respect to using the SIM before one has reached a point in the devlopment process, last year's journal is
filled with examples of people who chose their own path with respect to attempting to trade too early, and against my repeated warnings. One
must devlop a minimum level of competency
before progessing to other concepts. By example, you've not yet mastered annotating a chart, but have determined that SIM trading will 'let you know' where you stand with respect to your understanding. How does SIM trading assist your ability to annotate?
The best pathway from here is to follow the advice provided, while at the same time, progressing through your readings of last year's journal. As you read, questions you have now, locate their answers in the future, and what provides confusion at present locates clarity as you progress. While reading, focus on the 'M' portion of your charts. By time you 'catch up' to this thread, you'll find most areas of confusion have been addressed, and you'll be ready to move to the 'A' portion.
Of course, YMMV.
- Spydertrader
