tag:blogger.com,1999:blog-709390629316238746.post4425641297292961535..comments2023-04-16T05:11:52.660-04:00Comments on Don Miller Trading Journal: Monday Notes - Market CrashDon Millerhttp://www.blogger.com/profile/13263493919935087931noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-709390629316238746.post-68341837155126086872008-09-30T06:09:00.000-04:002008-09-30T06:09:00.000-04:00Ronin - Not bad at all in my view.Eric - I was def...Ronin - Not bad at all in my view.<BR/><BR/>Eric - I was definitely playing defense most of the day. Nothing wrong with sitting out hands you can't read. The trick -- something that I have to work on -- is to be able to flip the switch from defense to offense in a heartbeat, and I could have done better on that yesterday.<BR/><BR/>Sean - It's probably more "developed instinct" which I realize is an oxymoron. In general, the more unrealistically stretched something becomes -- especially when the market is running on pure emotion, the more I'm interested I am in putting some capital at risk.<BR/><BR/>DonDon Millerhttps://www.blogger.com/profile/13263493919935087931noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-18711893154564446642008-09-29T22:06:00.000-04:002008-09-29T22:06:00.000-04:00Hi, Don:I've really enjoyed the blog over the last...Hi, Don:<BR/><BR/>I've really enjoyed the blog over the last couple of months.<BR/><BR/>First, well done today in a very rough market. I had a couple of questions, if you have time: do you have a set scale you generally use in fast markets? Is it based on volatility, gut feel, or something else? <BR/><BR/>Like you, I came into the afternoon with a small draw (mainly trying to play long). Once the news hit though, I completely stepped away, as I get a bit queasy when the bid/offer is gapping around like that.<BR/><BR/>Congrats on the good day/month/year and keep grinding!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-41111121522963865602008-09-29T20:38:00.000-04:002008-09-29T20:38:00.000-04:00Don - I'm in for PalTalk too.....Sunday nights or ...Don - I'm in for PalTalk too.....Sunday nights or a week nights? <BR/><BR/>I think good market lounge discussion is preferable to some reality dancing/singing show on the TV with the woman. Although I will say that the one polish woman Edyta's outfit on the dancing show cannot be beat by anything we can possibly chat about. haha<BR/><BR/>EricAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-3111396699917886672008-09-29T18:42:00.000-04:002008-09-29T18:42:00.000-04:00Looking forward to a video tonight :) And also in ...Looking forward to a video tonight :) And also in for Pal Talk.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-43541365371192428092008-09-29T18:16:00.000-04:002008-09-29T18:16:00.000-04:00Don - Good post & results on a crazy day. You ...Don - Good post & results on a crazy day. You definitely have a lot more control & focus than the majority of people in the business.<BR/><BR/>I think that on some level, a trader needs to know when market conditions exist which they do NOT understand at all. For me, the past couple weeks have been in that category. Because of this, I have been watching the action very closely, but not trading anything equity related. It's sort of like playing defense for the less experienced trader. I figure its better to wait until I know I have an edge, than to try & chance it to make some money.<BR/><BR/>Also, the ability to trade at a reduced position size requires adequate capital & someone with a $20k account can't really use size to test out the waters in the e-minis and put on a position based on the results.<BR/><BR/>Regards,<BR/>EricAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-86968414881366837702008-09-29T17:27:00.000-04:002008-09-29T17:27:00.000-04:00Hi Don:In an environment like this, your performan...Hi Don:<BR/><BR/>In an environment like this, your performance today was superb in my opinion. I ended down about $1500 after being up and down all day. I am in for the Pal Talk by the way.<BR/><BR/><BR/>RONINAnonymousnoreply@blogger.com