Quote from jack hershey:
I use an expert level log. It covers the bases for doing 20 to 40 trades a day.
Lets look at this as a college student would in boot camp. anyone doing any labs in college goes with the flow and follows a scientific methond apporach on doing a lab. Part of that is taking data. Making up a data sheet is important and often it is done by following the lab instructors directions. He wants to get you through the lab and clean the lab up, grade your efforts and fill in his lab grading book which ne may have to turn in for the archives at the end of the term.
In trading, for any method, we want to get ramped up to some extent so that we are making money as we proceed.
We do MADA very seriosly and add anything in that is possible as the day goes along.
Print the first chart and use it to do what the chart says. For your benefit cover the chart with something opaque and then slip it to the right as time passes, thus revealing more of the chart.
You enter on bar 2 as it breaks out of the top of bar 1 and on increasing volume. This is the sensory information. log it as bar 2 BO ^ Bar 1; V^B all on row one.
You log this after you have entered the trade @ market with the correct number of contracts. For a beginner it is 1 for an advanced beginner it is 5, For others it is 10, 20 ,40 or 50 or a total entered as 50 ,50 , 50 , 50 , and 50. Log Ent L, the bar, time, number of contracts and price(s).
So lets chat as the day passes.
Each level of trader has things to do and he is in an emotional state of support comfort and confidence.
Each level of trader works with the sequences he knows and uses. Like a lab experiment that makes up the content of the log.
I'll deal with a person who is in boot camp as a college student. He gets a log handed to him before bar 1 and a four colored ball point pen and a sheet of masonite with a sweeps chart pasted on it; the Chart is 8 /12 inches wide and two feet long. It is in nine colors.
The log has a volume column then a price column a MODE column, a wide space for analysis, a D column and a few columns for trading stuff. All in landscape.
For a beginner he is going to do a trade or two in the AM. He is busting his ass to get the P,V working and trading the long diagonal of a channel. He knows the P, V relationship...but he can't remember it.
The end of his trade will be the FTT of the channel. He is learning the sequences that lead to the FTT and that is where he concentrates his "remarks" in the wide space in the log.
He knows the log is four pages long. He knows the pages have three traverses as a minimum. The boot camp is structured because he is a student and he is in the camp because people who do the camp get to be millionaires.
It tkaes 15 minutes to finish bar 3 after wraching bar 1 and entering on bar 2 and sitting through bar 3.
So as bar 3 comes to a close on volume the same entry V^B and in price we have "lg bl ". In MODE a C for Continue is inserted. Remarks say "taping going fine".
For comparison, go to a CW thread. Fun on the sidelines.
) and more exercise and it has been very helpful to learning. I want to place more of a focus on "learning how to learn". Can I measure times that I am learning faster than others, and if so are there health/environmental/mood factors at work here. Kind of like software coding; when you are in "the zone" you can be 10 times more productive than normal, I would like to find out if it is possible to spend more time in "the zone" in terms of learning SCT.
