tag:blogger.com,1999:blog-709390629316238746.post6176401776009925152..comments2023-04-16T05:11:52.660-04:00Comments on Don Miller Trading Journal: Thursday Notes - AM Offense; PM DefenseDon Millerhttp://www.blogger.com/profile/13263493919935087931noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-709390629316238746.post-43341903276641125592008-09-11T18:36:00.000-04:002008-09-11T18:36:00.000-04:00Hi Ziad.I'll share some more thoughts on stops and...Hi Ziad.<BR/><BR/>I'll share some more thoughts on stops and sizing soon. Suffice it to say I typically ramp up size when I sense a "fertile" market or prime setup, and usually trade smaller in the afternoon. Decision-wise, it's pretty much instinct for me now so there's really no extra decision. Of course keep in mind I trade many sequences during the day so it's often just "reacting" to what I see and it's hard to describe (Dr. Brett was right on as usual on that.)<BR/><BR/>Good info on the contract split ... that had slipped my mind and it is that time of the quarter.<BR/><BR/>I'll do at least one video this weekend ... maybe two.<BR/><BR/>DonDon Millerhttps://www.blogger.com/profile/13263493919935087931noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-5352849398279364722008-09-11T18:22:00.000-04:002008-09-11T18:22:00.000-04:00Hey Don,I find it interesting how you continually ...Hey Don,<BR/><BR/>I find it interesting how you continually change your position sizing. I tried doing that once but it seemed to slow me down as I had an extra decision to make regarding how much to size a position instead of just being ready and taking it quickly in a standard way. I know you size positions in a discretionary manner, but it would be interesting to hear your general principles on how you size your positions and why/when you decrease or increase your size. Maybe that could be a topic for your weekend video. And while I'm on the subject of the video it would be great to hear your thoughts on stops, as I too have noticed that they can in fact be detrimental to P&L- especially trailing stops. While they make us feel more comfortable emotionally, that doesn't mean they are benefiting our bottom line. And in fact that is a general principle I have discovered- that often the things that make us feel uncomfortable are actually more profitable and we thus have to learn to sit with discomfort to truly have great results.<BR/><BR/>On another note, I noticed you were remarking today about the light volume midday and early afternoon, but I think the reason it seemed light was because it was the first day of the Dec contract and the volume was being allocated pretty evenly to 2 contracts instead of just mainly one. In reality, almost every 30 minute time-period during the day had above average volume if you add the 2 contracts. Anyhow, that's not important now. But I do have to say that you gotta love the huge ranges we've been having. It's made for some great trading! <BR/><BR/>regards,<BR/><BR/>ZiadZiadhttps://www.blogger.com/profile/14121277288740658357noreply@blogger.com