tag:blogger.com,1999:blog-709390629316238746.post4631091672858758862..comments2023-04-16T05:11:52.660-04:00Comments on Don Miller Trading Journal: The Weekend Trader - The Unwritten ChapterDon Millerhttp://www.blogger.com/profile/13263493919935087931noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-709390629316238746.post-55348200879356425152009-05-31T21:33:48.549-04:002009-05-31T21:33:48.549-04:00your equity comeback chart is amazing. i have been...your equity comeback chart is amazing. i have been using it for a few weeks.<br />everyday i come online to your blog just to look at it for awhile and psych myself up. Like you, when making comebacks and recoveries, im in my stronger and more motivated state.<br />"im going to make a comeback every moment, every day, every week, every month" That's my mantra lol.Teo Jun Haohttps://www.blogger.com/profile/08927983622651758099noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-12525960688613493402009-05-31T16:05:14.407-04:002009-05-31T16:05:14.407-04:00Hi Ron -
Sorry to hear about your job ... best of...Hi Ron -<br /><br />Sorry to hear about your job ... best of luck to you.<br /><br />With respect to your comment about making money only certain times of the year, I think a good intraday trader that joins the tiny minority of the population that consistently succeeds should be able to make money on the majority of days, and certainly every month ... albeit with some months returning more than others based on a number of factors.<br /><br />As for me questioning my own competency, I'm just working through a frustrating phase in my personal trading at the moment, compounded by some life events. It happends to all, although it's certainly been a long while for me and this has been a weekend of significant soul searching at this end.<br /><br />DonDon Millerhttps://www.blogger.com/profile/13263493919935087931noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-67130416010942761522009-05-31T10:20:59.713-04:002009-05-31T10:20:59.713-04:00Don-
I found your blog from that list someone put...Don-<br /><br />I found your blog from that list someone put out a week or two ago (from Maoxian's who I've been following for a month or two.<br /><br />In 2008, I made 200k from trading with mostly swing trading, countering losses from existing longs. I essentially kept my equity (under a million) from its highs in 2007 plus a little.<br /><br />Prior to '08, I was just a buy and hold (and lose) guy. But I believe '08 was once off year and am dedicating some time to learn the fundamentals of trading by following a few blogs, such as Trader Mike and Maoxian, and am reading the Tharp/June book, Financial Freedom through EDT. <br /><br />I just got laid off my IT job. Even though I've had some interview activity, I think about getting off that track and trying the trading profession full-time. I've got some money to set aside for trading capital and can leave aside enough on the personal side to last at least a year.<br /><br />But ultimately, I don't have the risk tolerance to do that. Anyway, your blog is great. You really open yourself up to your readers in a very unselfish way. <br /><br />I understand your competitiveness and admire your willingness to question your methodology from time to time, but can't understand questioning your dedication or even competency. <br /><br />I read one trader write that there are only a few periods in a year where you make good money. I guess that assumes that you have a dedicated methodology that you may be willing to tweak, but not abandon to chase the crowd, or something. Also, that you adhere to proper risk management. Buy what do I know?<br /><br />I never feel more incompetent than when I read from you and others on trading, buy am fascinated to keep learning. Good luck in the near future and beyond, and I look forward to reading your posts.<br /><br />RonUnknownhttps://www.blogger.com/profile/07120574580726436602noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-8118586103195811672009-05-30T20:09:38.324-04:002009-05-30T20:09:38.324-04:00Don,
It's been inspiring reading your blog every ...Don,<br /><br />It's been inspiring reading your blog every day, even on the down days and days when you're searching for something better. Don't we all? That's real life, but still inspiring nevertheless.<br /><br />You don't need me to tell you as you've said it yourself, but your number 1 focus should always be about your own equity curve, not the readers of this blog. Do what you need to do to reach your own goals.<br /><br />Cheers!Swing Traderhttps://www.blogger.com/profile/17380766282892489663noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-58349862358800068622009-05-30T16:41:29.817-04:002009-05-30T16:41:29.817-04:00Hi Don,
I will miss the scorecard!
especially th...Hi Don,<br /><br />I will miss the scorecard! <br />especially the number of contracts per day <br /><br />Excellent Question Mike. It is a very interesting point ... your initial experience in trading Don. good and bad moments. are the kinds of things that would be a privilege for me to hear from someone like you. <br /><br />perhaps in a post? a book? one of these days? <br /><br />I hope so! <br /><br />thanks & greetings from the "south" of the world!<br /><br />MaxMax Ghellohttps://www.blogger.com/profile/02755332200108042689noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-60202786976693723442009-05-30T14:28:04.519-04:002009-05-30T14:28:04.519-04:00Mike -
It's been a fairly constant evolution, and...Mike -<br /><br />It's been a fairly constant evolution, and while I was fortunate to become fairly proficient early on, I had several starts and stops through the early years and as I moved from stocks to ETFs to futures. <br /><br />If it helps, I've been a trading futures for about six years now, having joined the Merc in Feb '04.<br /><br />Yes, it took me ten years to get to where I am today, just as it will take me twenty to get to where I am when I'm 58 :-).<br /><br />And I still of course have my setbacks and frankly feel like a bit of an apprentice at the moment until I can regain my stroke.<br /><br />DonDon Millerhttps://www.blogger.com/profile/13263493919935087931noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-54492632369876554792009-05-30T13:48:16.101-04:002009-05-30T13:48:16.101-04:00Don,
Thanks for all you do--whether or not you co...Don,<br /><br />Thanks for all you do--whether or not you continue the blog, your "experiment" has been helpful to me, and I know many others too.<br /><br />May I ask one question?: You mentioned several times in your blog that it took you ten years of trading (and lots of pain along the way) to get where you are now. How long did it take you to become a break even trader? How long after that to become truly proficient?<br /><br />The answer, I think, would help me with patience in where I presently am. I have been trading futures for two years, and am very much an "apprentice" still.<br /><br />Have a great weekend.<br /><br />Mike P.Unknownhttps://www.blogger.com/profile/18264988980049175106noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-36938005519545330582009-05-30T13:22:34.920-04:002009-05-30T13:22:34.920-04:00Great post D-man,
love it when you share and com...Great post D-man, <br /><br />love it when you share and comment on excerpts from the poker book, especially since i haven't gotten myself a copy yet. <br /><br />Just to switch the subject a little...i was wondering if anyone here cares to speculate (collectively our favorite activity, yes?) on what the heck happened at friday's close. I was trading off 4-min bars at the time and my 4:02-4:06PM bar shows over 304,000 contracts traded as ES spiked almost 15 points.<br /><br />Though i've only been in ES a few months now(switching from equities) ,i won't even bother asking if this is unusual, but i am wondering how often DO you see something this crazy goin' on?<br /><br />great weekend all, i have a feelin' next week is gonna be more wild than mild,<br /><br />charleSCharleshttps://www.blogger.com/profile/02513648506121186831noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-90102560004069449672009-05-30T11:40:21.293-04:002009-05-30T11:40:21.293-04:00"Dance with the one who brung ya".
Focusing on th..."Dance with the one who brung ya".<br /><br />Focusing on the highest probability setups and not the money seems to help me get past plateaus in performance.<br /><br />Never easy to unwind the negative thoughts and subsequent results once we plant those seeds, and we are all there much too often.<br /><br />Momentum is a curious beast that has a life of its own, so difficult as it is to say this, I think you are wise to put in a stop loss to preserve the majority of your capital.<br /><br />To your critics, I would say that US census data suggests an annual salary of $51,206 for college grads, and only $27,915 for high school grads.<br /><br />If we assume an approximate annual salary of $50,000., you have earned 40 years worth of income in only two years.<br /><br />Sometimes we need to step back a little to see how extra-ordinary our accomplishments are, and yours certainly qualifies for that in my book.<br /><br />Stop beating yourself up and be proud to be the torch bearer for so many of us, whatever your decisions.Ehttps://www.blogger.com/profile/06463951546301302868noreply@blogger.com