tag:blogger.com,1999:blog-709390629316238746.post1495989543788857230..comments2023-04-16T05:11:52.660-04:00Comments on Don Miller Trading Journal: Tuesday Notes - "Kick Me"Don Millerhttp://www.blogger.com/profile/13263493919935087931noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-709390629316238746.post-78617245006425094122009-02-25T11:40:00.000-05:002009-02-25T11:40:00.000-05:00Hi David -I agree which is why at the end of Jan l...Hi David -<BR/><BR/>I agree which is why at the end of Jan looked at 12-month and 3-month (anualized) run rates, as well as YTD.<BR/><BR/>I agree a MA is a good way to go.<BR/><BR/>DonDon Millerhttps://www.blogger.com/profile/13263493919935087931noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-74451643062981502009-02-25T07:32:00.000-05:002009-02-25T07:32:00.000-05:00Hi DonYou seem to be bothered by your great result...Hi Don<BR/>You seem to be bothered by your great results from last year.<BR/>Maybe it would be an idea if you used a moving average of your results over a longer time frame to see how well you are doing.<BR/>By adding the new month and dropping the oldest of say twelve or twenty four months you would be able to see a bigger, clearer picture of your average. This would also stop you from focusing exclusively on the yearly results.<BR/>Just an idea :)<BR/><BR/>DavidMACDOWhttps://www.blogger.com/profile/16821543724329297039noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-49148587288883700292009-02-24T22:31:00.000-05:002009-02-24T22:31:00.000-05:00Don,I must be your East European reflection -as yo...Don,<BR/><BR/>I must be your East European reflection -as you call it "winning ugly". I call it "the hard money" -as I grinded up to positive also.<BR/><BR/>I have a real talent for choosing all the most difficult trades and missing the easy ones. It's like folding 9-j in middle position cause im too lazy to play:(<BR/><BR/>Talk about performing badly... but your soooo right: its about the bottom line!<BR/><BR/>Just know your a great inspiration to me Don!<BR/><BR/>Thanks for sharing,<BR/><BR/>pkUnknownhttps://www.blogger.com/profile/01888820029031179716noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-42459779963887595072009-02-24T22:30:00.000-05:002009-02-24T22:30:00.000-05:00Sev -In order of your ?s:1. Probably very little a...Sev -<BR/><BR/>In order of your ?s:<BR/><BR/>1. Probably very little as that's when I most frequently trade and am the most profitable.<BR/><BR/>2. Not sure ... although I think it could increase the stress trying to compact trading into such a small timeframe though. Certainly limits opportunity, despite my response to #1.<BR/><BR/>3. I thoroughly enjoy it [keep in mind I have a non-market income to pay the bills, yet make far more from trading].<BR/><BR/>4. Yes.<BR/><BR/>5. A very small % ... i.e. I could trade several hundred contracts and only trade a fraction of that to decrease risk as the account grows.<BR/><BR/>6. No ... most of my capital is in cash every night. For this trader, I can't mentally "manage" on both a short- and long-term basis, so I just stick to short-term for income purposes and am 100% comfortable being in cash at the end of each day. Any funds "in the market" on a long-term basis would affect my focus on trading. It's just how I'm wired.<BR/><BR/>DonDon Millerhttps://www.blogger.com/profile/13263493919935087931noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-74045361566633632972009-02-24T22:04:00.000-05:002009-02-24T22:04:00.000-05:00Hello Don,I’m curious, if you were only allowed to...Hello Don,<BR/><BR/>I’m curious, if you were only allowed to trade from 9:30 EST to 11:45 EST how much impact would it have on your overall daily take?<BR/><BR/>Do you think your focus would increase considerably knowing you only have a short time to perform?<BR/><BR/>Do you like trading or view it more as your job?<BR/><BR/>Would you have enough to do with the rest of the day to be fulfilled?<BR/><BR/>What percentage of your non trading account do you have in the market now?<BR/><BR/>Do you use a set strategy for your long term funds such as allocation amongst several asset classes, or do have use simple timing strategies with these funds?<BR/><BR/>May you always have the <A HREF="http://www.inspiredstartup.com/wp-content/uploads/2009/01/time-flies-clock.gif" REL="nofollow"> time</A> that matters,<BR/><BR/>SeverinoSeverinohttps://www.blogger.com/profile/09279332888959190709noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-3655910842618000012009-02-24T18:21:00.000-05:002009-02-24T18:21:00.000-05:00BK -Yea, it's a great book.btw, I'm still learning...BK -<BR/><BR/>Yea, it's a great book.<BR/><BR/>btw, I'm still learning as well ... it never stops until we're six feet under.<BR/><BR/>DonDon Millerhttps://www.blogger.com/profile/13263493919935087931noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-74438798046645306792009-02-24T18:12:00.000-05:002009-02-24T18:12:00.000-05:00I missed out on the day. Set the wrong entry point...I missed out on the day. Set the wrong entry point for the morning bottom (need to get out in front of the bus more). Took one extreme TICK trade ('cause I thought the oscillation would continue back down) and of course that went wrong. Then I was too afraid to pull the trigger with all the extreme TICKs for the rest of the day.<BR/><BR/>Oh well, I'm still learning.<BR/><BR/>BTW: Don, The book on The Psychology of Trading by Steenbarger is great! I've only read the first few chapters and I'm laughing my head off at how much all the problems people are having sounds just like me. It already has put me in a different frame of mind. I believe there may be a light at the end of the tunnel.<BR/><BR/>BKAnonymoushttps://www.blogger.com/profile/15187772708193204330noreply@blogger.com