Your process is crazy. You need to learn from feedback. Edit the first chapter a bunch and post it, and learn.
In general, I agree with iterative releases, and the position of editor exists for good reason. The two problems I see with the typical online writer release schedule are that the first iteration of a story is generally not the first chapter, but the skeleton, and that feedback about released chapters can only impact unreleased chapters. For example, the first chapter includes a letter whose wording may be significant- and so it'd be nice to have the significance of the wording nailed down before I nail down the wording itself. I'm also considering having ...
This is the bimonthly 'What are you working On?' thread. Previous threads are here. So here's the question:
What are you working on?
Here are some guidelines: