tag:blogger.com,1999:blog-709390629316238746.post6259835969027139348..comments2023-04-16T05:11:52.660-04:00Comments on Don Miller Trading Journal: Tuesday Notes - Solid PerformanceDon Millerhttp://www.blogger.com/profile/13263493919935087931noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-709390629316238746.post-14564914467964991472008-10-14T20:48:00.000-04:002008-10-14T20:48:00.000-04:00Hi Don,I really enjoy your blog and appreciate the...Hi Don,<BR/><BR/>I really enjoy your blog and appreciate the useful feedback like what you provided above.<BR/><BR/>I must have been in the same boat as Steve because I got whacked time and time again too but just kept coming back for more. It was brutal and unfortunately I let it feel like a personal attack by the time the day was over. I even tried my version of EESM during the day and got whacked on those too. Oh it was nasty.<BR/><BR/>The tip you provided to Steve will help me too as long as I can apply it to the right market. I feel a bit better too knowing I'm not alone in finding this day difficult.<BR/><BR/>Thanks again Don for the blog and the helpful insights you provide. And Steve, best of luck to both of us in our recovery mode.<BR/><BR/>DougAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-29682764824622570492008-10-14T19:07:00.000-04:002008-10-14T19:07:00.000-04:00Hi Steve.Hang in there ... I can relate and have h...Hi Steve.<BR/><BR/>Hang in there ... I can relate and have had some gawd awful days this year as well.<BR/><BR/>There's no doubt the volatility is tossing a lot of traders around, and it's taken me a bit of getting banged up to adapt. I think all one can do (my opinion only) in this environment is look for "zones" and manage risk more with reduced size than point-based stops.<BR/><BR/>Two- or three-point stops which may work well in a "thick" trading environment are pretty useless when ES is moving 5 points in the blink of an eye.<BR/><BR/>Keeping size small to modest initially and adding when the trade is moving in my direction seems to have helped, but it's admittedly a very different environment vs. what we've grown accustomed to before the crash.<BR/><BR/>Not sure that helps, but thoughts from here anyway. We can kick around ideas tomorrow night in PalTalk if you'll be around.<BR/><BR/>Hang in there.<BR/><BR/>DonDon Millerhttps://www.blogger.com/profile/13263493919935087931noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-85293514498974441452008-10-14T16:07:00.000-04:002008-10-14T16:07:00.000-04:00Don,Are you using point stops or 'eyeball' (it loo...Don,<BR/><BR/>Are you using point stops or 'eyeball' (it looks like the trade premise failed) stops? I had one of my worst days today because I continued to use my point stops. I got some sloppy entries and then got chopped around (which in 'normal' volatility would have been within the stop distance) and kicked out of 70+% of my trades.<BR/><BR/>Kept getting back in because the trade premise was still valid and got whacked again and again.<BR/><BR/>Sigh...<BR/><BR/>So, eyeball stops or point stops for you during this extreme volatility?Steve0617https://www.blogger.com/profile/01576364924199407376noreply@blogger.com