Iterative Refinement

[romanus]

Quote from icarus618:

That's mostly what learning is in any case. A shift in attitude.

This, by the way is pure gold. A huge thanks for that.

 

[gucci]

Quote from icarus618:

Read Jack's prior posts on wash trades. You should find quite a few of them. My fav is the "Crow's Nest" post.

It's not going out on a limb to say that every struggling trader here lacks the wash trade skill. You can tell from the comments that it will sometimes require a big shift in attitude to see its utility. That's mostly what learning is in any case. A shift in attitude.

Icarus618,

thank you for chiming in. This post is really a gem. Here is the link (the second post from cnms2).

http://www.elitetrader.com/vb/showthread.php?s=&postid=1084576&highlight=Crows+Nest#post1084576/vb

 

[palinuro]

Quote from gucci:

Icarus618,

thank you for chiming in. This post is really a gem. Here is the link (the second post from cnms2).

http://www.elitetrader.com/vb/showthread.php?s=&postid=1084576&highlight=Crows+Nest#post1084576/vb

Jack's next post after the 'crow's nest' one is very interesting and even lays out a '14-step program', as well as dealing (somewhat) with psychology:

http://www.elitetrader.com/vb/showthread.php?s=&threadid=68927&perpage=6&pagenumber=14

- palinuro

 

[TIKITRADER]

Quote from LittleMac:

I went ahead and annotated the ES today. I have been just annotating and watching for the last few days. Mainly stocks but also annotating the ES because it is the most widely comparable in the forum. Feel free to conmment on any errors or strengths.

Comments welcome.

My chart looked the same at days end. Nice work

 

[TIKITRADER]

Here is a point 3 entry on YM this morning that turned into a wash just above break even.

 

[gucci]

Quote from TIKITRADER:

Here is a point 3 entry on YM that turned into a wash just above break even.

TIKITRADER, thank you. Why didn't you get out at the last decreasing black? Doesn't it qualify as an ftt?

 

[TIKITRADER]

Quote from gucci:

TIKITRADER, thank you. Why didn't you get out at the last decreasing black? Doesn't it qualify as an ftt?

Waited for a right trendline break, or really just half asleep poor ass trade ! LOL

 

[gucci]

Quote from TIKITRADER:

Waited for a right trendline break, or really just half asleep poor ass trade ! LOL

Wait till you see my trades .

 

[Jander]

Anticipating the blue channel to be confirmed soon ( down traverse, lateral movement, WMCN ? )

 

[Tums]

Quote from Jander:
Anticipating the blue channel to be confirmed soon ( down traverse, lateral movement, WMCN ? )

How about a pt3 up?
See that inc Blk?