tag:blogger.com,1999:blog-709390629316238746.post637876669007050850..comments2023-04-16T05:11:52.660-04:00Comments on Don Miller Trading Journal: Wednesday Notes - Par For the CourseDon Millerhttp://www.blogger.com/profile/13263493919935087931noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-709390629316238746.post-52638865704261178672009-05-07T05:07:00.000-04:002009-05-07T05:07:00.000-04:00Plunger -
Not going to adjust a decade-proven str...Plunger -<br /><br />Not going to adjust a decade-proven strategy. No tinkering needed aside from simply deciding how hard to push myself right now.<br /><br />DonDon Millerhttps://www.blogger.com/profile/13263493919935087931noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-47702203904134531422009-05-07T02:25:00.000-04:002009-05-07T02:25:00.000-04:00Hi,
Been enjoying your blog for a short while.
I...Hi,<br /><br />Been enjoying your blog for a short while.<br /><br />If you are having motivational challenges etc.<br /><br />Why dont you look at position sizing so that you have your start-trading capital at the start of year.<br /><br />Then trade with normal stake for a while and when there is buffer above the start capital you start using insane leverage on this buffer to really hit it big.<br /><br />If losses are encountered, bet-size is again reduced to protect the starting capital.<br /><br />I'm sure you have thought this trough and have some reasons for it, but this is the way I have started approaching position sizing in my relatively short trading career.Niklas Kolsterhttps://www.blogger.com/profile/01547986707207820741noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-38709730545041084972009-05-07T02:04:00.000-04:002009-05-07T02:04:00.000-04:00Hey Don:
Remember what you wrote about the hare a...Hey Don:<br /><br />Remember what you wrote about the hare and the tortoise. Steady as she goes.TheRumpledOnehttps://www.blogger.com/profile/06155926996925747561noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-55156670401424755072009-05-06T21:29:00.000-04:002009-05-06T21:29:00.000-04:00Sam -
Great comments (you know me via the blog al...Sam -<br /><br />Great comments (you know me via the blog all too well) ... and yes, I undoubtedly see the changes you describe as was the case in many prior years.<br /><br />Yet while I don't expect home runs, I do expect doubles and an occasional triple regardless of action (we're traders and have to adapt), and feel the difference between the singles I'm hitting and the absent extra-base hits is largely a function of complacency.<br /><br />Sizing is part of the issue as I typically lessen size when conviction is lacking, which coupled with decreased volatility, results in fewer wild P&L swings, yet of course caps income. (I know some do the exact opposite. ... there of course being no right or wrong.)<br /><br />Having said all that, a good part of the "berating" is frankly an intentional psychological ploy at this end to try to maintain an edge. It's simply who I am and my way of trying to stay driven to achieve peak performance.<br /><br />Great dialogue and it got me thinking, and I'll likely follow up in tomorrow's post.<br /><br />DonDon Millerhttps://www.blogger.com/profile/13263493919935087931noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-59684757771809210022009-05-06T21:01:00.000-04:002009-05-06T21:01:00.000-04:00Been reading your blog since early '09, so I know ...Been reading your blog since early '09, so I know your trading style.<br /><br />Here's what I don't get: No matter how motivated you are, how do you expect to hit home runs when the market doesn't support your style of trading?<br /><br />You look for pullbacks and emotional extremes but we have quietened down since last year (look at the VIX!) and the market seems weird and sluggish and not at all conducive.<br /><br />So no matter how much you will yourself or berate your trading, the market doesn't seem to support it. Do you not see this?<br /><br />P.S All of the above was not meant to be criticism, just some feedback. I have nothing but respect for your trading.Samhttps://www.blogger.com/profile/04967068433164814493noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-66857713346019142512009-05-06T18:35:00.000-04:002009-05-06T18:35:00.000-04:00Wish I could've been home today. Loved the opening...Wish I could've been home today. Loved the opening, but didn't get to trade it.<br /><br />Learned how to trade over the last year and I'm more inclined to short. I'm still getting used to spotting long setups and over my fear of jumping on them.<br /><br />Hope you undershoot Tiger by a couple this year.<br /><br />Cheers!ryanhttps://www.blogger.com/profile/03239779838003937908noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-7226606279993448342009-05-06T17:21:00.000-04:002009-05-06T17:21:00.000-04:00Hi Mike -
It was pretty much scattered throughout...Hi Mike -<br /><br />It was pretty much scattered throughout the day via tight pullback and spike fade clips ... I don't recall any particular sequence contributing more than another.<br /><br />DonDon Millerhttps://www.blogger.com/profile/13263493919935087931noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-70979198115899152372009-05-06T16:40:00.000-04:002009-05-06T16:40:00.000-04:00Hi Don,
Do you mind sharing where your gain came ...Hi Don,<br /><br />Do you mind sharing where your gain came from today? Knowing your style, my guess is at least some of it came from the unsustainable tick (+1300) this afternoon, but just curious.<br /><br />Thanks <br /><br />MikeUnknownhttps://www.blogger.com/profile/18264988980049175106noreply@blogger.com