tag:blogger.com,1999:blog-709390629316238746.post3175415172417906301..comments2023-04-16T05:11:52.660-04:00Comments on Don Miller Trading Journal: Special Post - Empty TankDon Millerhttp://www.blogger.com/profile/13263493919935087931noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-709390629316238746.post-23411069584365115272008-12-16T16:14:00.000-05:002008-12-16T16:14:00.000-05:00Great posts folks. Mojo - Nice description. (I u...Great posts folks. <BR/><BR/>Mojo - Nice description. (I used to know a stellar Mojo in a former life ... I wonder if you're that guy.)<BR/><BR/>Sounds like there are many on the sidelines biding their time for new rhythms.<BR/><BR/>Like the New England weather, perhaps it's simply a matter of waiting for the coming change.<BR/><BR/>Keep up the posts.<BR/><BR/>DonDon Millerhttps://www.blogger.com/profile/13263493919935087931noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-35839206693402789072008-12-16T11:30:00.000-05:002008-12-16T11:30:00.000-05:00Cupla points.Market tone has morphed again last 2 ...Cupla points.<BR/><BR/>Market tone has morphed again last 2 weeks.. I can see it in my bottom line.. Spent half of ytd bitching and moaning about scratching trades that went less than a handle against me and then went 10 handles the right way.. I scratched on both because mkt went sideways for 7 minutes after entry.. and I like to be at least partially right QUICKLY. It usually takes me 10 days or so to adapt.. I suspect that may be part of the cause of your year end weariness.<BR/><BR/>Secondly going back a few sessions I saw you got hit by the afterhours car 'no bailout' news. High probability setups is the extended down day that closes near lows.. will bounce onight and look at the last hour highs 85%+. Can I suggest waiting for entry till bang on the 5.30 close or the 6pm reopen.. Those that didnt kill their underwater longs rth oft live on afterhours hope and sell into 5.30 pm and give up for the night.. stop in then just below the lows. [size of course is difficult in current boobex]<BR/><BR/>-RexVRexVulgarishttps://www.blogger.com/profile/09617657109243907861noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-67936710161420914752008-12-16T10:59:00.001-05:002008-12-16T10:59:00.001-05:00Hi DonJust started reading your blogs I haven't re...Hi Don<BR/>Just started reading your blogs I haven't read all of it yet but I had to comment on your discouragement. When I first started trading the ES from the West coast I would get up early to get ready to trade and try to do the night sessions etc. I found I was sleep deprived. There are major studies that show we need 8 hours of sleep to function without stress.<BR/>Your might try 8 good hours of sleep each night to eliminate stress along with the proper supplements. Just a thought that has helped me.<BR/>I have learned much from your journal. Keep it up.<BR/>Blessings<BR/>DonnDonn Carrollhttps://www.blogger.com/profile/17509882463618346620noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-51359295132775258542008-12-16T10:59:00.000-05:002008-12-16T10:59:00.000-05:00Don - It appears that the market is reflecting a t...Don - It appears that the market is reflecting a tremendous amount of fatigue across all timeframe players. It seems like all daytraders are getting chopped up in the sloppy tape, not just you. The longer timeframe traders/investors appear to be exhausted and gun-shy, especially after the Madoff scandal. Many have closed their books and called it a year leaving the daytraders to knife each other into year end. Finally, market watchers and technicians have been expecting a rally since last Monday. Instead, we've gotten tight, choppy action despite a low of news flow. More of the same is the last thing most traders are expecting...which means that's probably what we'll get.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-6365492831216977872008-12-16T01:40:00.000-05:002008-12-16T01:40:00.000-05:00Hi Don,It's not only you who's having a rough time...Hi Don,<BR/><BR/>It's not only you who's having a rough time the last few sessions.<BR/><BR/>I am getting chopped up in the lighter volume, each bar seems to pop a little further than normal. Then, after taking it on the chin (stop), price whips back around and moves in the “darn” direction I wanted it to.<BR/><BR/>I thought I would trade until Friday, but I'm throwing in the towel early. The conditions are not right. I don't want to play until the volume comes back.<BR/><BR/>To me it's like card counting... there are no tens left in the deck. If I try and beat the dealer when there are only small cards left, it will hurt my psychology.<BR/><BR/>Have a great Xmas, New Year break! Look forward to reading your blog next year.<BR/><BR/>Aaron.Anonymousnoreply@blogger.com