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About Me
- Don Miller
- Don is an intraday S&P E-Mini Trader and Member of the CME who has educated traders and advocated for industry transparency since 1999. Long-term performance of his privately traded fund ranks among the industry's best at over +800% from its 2004 inception to 2010. His 2008 performance of +214% +$1.6 Million bested the industry's top CTAs.
Feb 2010 MoneyShow Interviews
Feb NY Expo Presentation
Don's 2002-2010 Interviews & Articles
2009 Interview With Matt Davio
2009 Presentation to Linda Raschke's Team
2009 Interview with Tim Bourquin
Don't Let Congress Turn U.S. Markets Into A Ghost Town
Every Moment of Every Day
Click on Chart For What This Means
October 2009 Jellie Article
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2 comments:
Hi Don, I found your site via a mention from Bretts site... Congrats its a kwl blog.
From what I have read you are probably as near to doing similar stuff as I have seen online... Trading the nano time frame with some similar techniques [eg cleaning up on others vomit], size discretion accoring to mkt tone \ read..and in a constant internal dialog.. strengths weaknesses etc.
I almost never trade the last 45 as its my weakest TOD; also I am more agressive and defensive in the opening 45 as it is a time I can get caught.
I trade best when I have a good 'read' [internal, + vix, + cross mkt corelations] and the best thing I have written down recently for myself is 'Only take the winning trades' . this sounds facile but I hold it to be a simple truth..I KNOW at heart if the trade is going to be a winner when I enter... so KISS and just do those trades
Nearly all of my bad trades are marginal ideas at entry.. oft where i go half size initially.
Have also found EMDR to be of great benfit to the trading space between the ears.
Would be intersted if you have some thoughts on your KNOWING state going into a trade.. Anyway I enjoy reading your dialog ..keep bloggin and gluck.. RexV
Hi Rex.
Thanks for the kind words. It indeed sounds like we're pretty similar, perhaps with the exception that I will at times also provide liquidity to the market when the prime setups aren't there.
Yet when the "meaty" setups occur -- as in very high probabilty (I'm not sure I can go so far as to say "knowing") -- those indeed tend to play out well most of the time and produce by far the majority of the income. [Which begs the question for me, "Why provide liquidity then?". I guess it's because I can often feel the current better when I'm swimming in it vs. watching from a shore, and it prevents me from ever having trigger-lock, although it has gotten me in trouble at times as I've lost sight of the forest while chopping wood. I may reevulate that over time.]
I find it interesting as I now teach my youngest daughter to drive, that I'm constantly telling her to be aware of multiple concepts at once ... i.e. turning the wheel and applying appropriate (and varying) accelerator pressure while at the same time keeping an eye on traffic to the left, right, & behind, as well as the spedometer. Such is of course similar for us traders as we consider price, VIX, volume, trend, time of day, our own weaknesses, etc ... although it takes a helluva lot longer than 6-months on a learner's permit :-).
See you around the blog.
Don
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