tag:blogger.com,1999:blog-709390629316238746.post8564349519581900838..comments2023-04-16T05:11:52.660-04:00Comments on Don Miller Trading Journal: The Weekend Trader - A Huge DisgraceDon Millerhttp://www.blogger.com/profile/13263493919935087931noreply@blogger.comBlogger17125tag:blogger.com,1999:blog-709390629316238746.post-32189293550277294902009-05-17T12:46:00.000-04:002009-05-17T12:46:00.000-04:00Don,
In your response to Driven you mentioned "pu...Don,<br /><br />In your response to Driven you mentioned "purple circles in Fridays post". I have not been able to locate what you are referring to. Could you assist me in finding what you have referenced? Great site. True wisdom. Psychology is paramount. Thanks.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-77942832235441849552009-02-09T17:08:00.000-05:002009-02-09T17:08:00.000-05:00That is too funny. This morning once again I was s...That is too funny. This morning once again I was saying the exact same thing to myself as I listened to CNBC talk once again about the importance of paying the salaries necessary to keep the "talent" on Wall St. <BR/><BR/>Any monkey in a suit can make money when times are good. True talent is someone that makes money when times are bad or has the vision to see a train wreck coming and mitigates their risks.<BR/><BR/>This country thinks an MBA automatically means a high level of intellect when the only thing it truly proves is a person's ambition. <BR/><BR/>As long as we continue to be except mediocrity this country will never move forward.<BR/><BR/>BKAnonymoushttps://www.blogger.com/profile/15187772708193204330noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-30247790671915426662009-02-09T13:35:00.000-05:002009-02-09T13:35:00.000-05:00Couldn't agree more Don, and I agree with E-Mini P...Couldn't agree more Don, and I agree with E-Mini Player too. It really infuriates me that my wife, as a supervisor, has to work longer and harder at her corporate job to prop up the underperformers and whiners under her who can't be fired due to stupid rules. No wonder many of the good people give up in frustration and look elsewhere.YM-Traderhttps://www.blogger.com/profile/16760248132339283482noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-3486181242030445172009-02-09T09:08:00.000-05:002009-02-09T09:08:00.000-05:00Careful..'how about if we all get off our asses, t...Careful..'how about if we all get off our asses, think for ourselves, roll up our sleeves, and take some responsibility for self-improvement so that the bar eventually gets raised for everyone??'...you might raise the ire of the UAW!cal_traderhttps://www.blogger.com/profile/01311523162335659600noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-16550893438183209862009-02-09T05:19:00.000-05:002009-02-09T05:19:00.000-05:00Hello Don,I read somewhere that CQG has a new cont...Hello Don,<BR/><BR/>I read somewhere that CQG has a new contrarian indicator called the CPP – ‘Cramer Pivot Point”.<BR/><BR/>They say when back-tested, it has a HIGH degree of accuracy!<BR/><BR/>pkUnknownhttps://www.blogger.com/profile/01888820029031179716noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-27269714233321777332009-02-09T03:41:00.000-05:002009-02-09T03:41:00.000-05:00Reminds me of a book I read a long time ago "The F...Reminds me of a book I read a long time ago "The Fountainhead" by Ayn Rand. Read it if you haven't done so..<BR/><BR/>Rgds<BR/><BR/>KobusKNhttps://www.blogger.com/profile/14131169042936502597noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-80480337920185620412009-02-08T22:01:00.000-05:002009-02-08T22:01:00.000-05:00Driven -Yea, I see it. Again, I was done for the ...Driven -<BR/><BR/>Yea, I see it. Again, I was done for the most part by then, exiting on the prior 2:30pm ET run-up and wasn't too interested in trading after that, regardless of signal.<BR/><BR/>Which would leave me with a hyptothetical response which I generally avoid as I'd have to assume a certain state of mind in addition to the technical indicators, as well as pretend I didn't know the actual outcome which tends to skew responses.<BR/><BR/>In general though, I do look consider low tick readings on uptrends potential entry points assuming the rest of the picture is in place, with my strongest preference being 1st pullbacks as I'll often pass on subsequent pullbacks as the probability of the trend holding begins to lessen ... at which point I'll shift my focus to the next larger timeframe.<BR/><BR/>I also don't use point based stops or targets, preferring instead to use size and scratches/re-entries to manage risk unless the premise for the trade completely busts (very rare for me since I usually begin entering at decent wholesale points, although the A.M. was a good example where the whole world was watching 850).<BR/><BR/>Essentially, I should be able to tell if a trade is or isn't working without relying on a specific figure which is often meaningless as the market chops around.<BR/><BR/>One person's style as always.<BR/><BR/>DonDon Millerhttps://www.blogger.com/profile/13263493919935087931noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-63955969321044577812009-02-08T21:21:00.000-05:002009-02-08T21:21:00.000-05:00Don, this trade was during your "blue dot" time - ...Don, this trade was during your "blue dot" time - 2:50 ET<BR/><BR/>It was a pullback on 1 min chart <BR/><BR/>Just wanted to pick yout brain a little on the technical aspect of this blog. <BR/><BR/>I took that trade at 863, it gave me 2 points, moved my protective stop immediately to 864, was stopped out with 1 point profit. <BR/><BR/>I understand that you also react to low hanging tick (-800, -1,000) for buy entries, so perhaps you can share some of the insights on timing of the entries and exits(incl profit and stop loss) in this kind of situation.Driven!https://www.blogger.com/profile/16331251243926789028noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-53818375846863332412009-02-08T20:13:00.000-05:002009-02-08T20:13:00.000-05:00Driven -Hmmm ... I don't see a -1000 TICK reading ...Driven -<BR/><BR/>Hmmm ... I don't see a -1000 TICK reading until the afternoon, so I'm assuming your 11:50am timestamp is Pacific Time?<BR/><BR/>The purple circles on Friday's post show the primary pullbacks I traded long, and I believe I was pretty much done after that.<BR/><BR/>In general, keep in mind I don't often trade Friday afternoons, especially as the day gets later, regardless of setup. [It's a personal preference not to do anything stupid that might ruin my weekend ... nothing more.]<BR/><BR/>DonDon Millerhttps://www.blogger.com/profile/13263493919935087931noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-59614868678463861162009-02-08T20:00:00.000-05:002009-02-08T20:00:00.000-05:00Rangerdoc -Heck, if I can do it, a chimp probably ...Rangerdoc -<BR/><BR/>Heck, if I can do it, a chimp probably could ... assuming he's dedicated and doesn't host a show on CNBC.<BR/><BR/>DonDon Millerhttps://www.blogger.com/profile/13263493919935087931noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-46354035035996446662009-02-08T19:58:00.000-05:002009-02-08T19:58:00.000-05:00E - Guilty as charged ... although she was watchin...E - <BR/><BR/>Guilty as charged ... although she was watching a Biography rerun on Scott Baio in the morning when I was typing, and I just sat through 3 hours of the live stage performance of Dirty Dancing.<BR/><BR/>I think we're even :-).<BR/><BR/>DonDon Millerhttps://www.blogger.com/profile/13263493919935087931noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-69324525595225075802009-02-08T17:44:00.000-05:002009-02-08T17:44:00.000-05:00Don, hope you had great weekend...can you comment ...Don, hope you had great weekend...can you comment on this trade<BR/><BR/>Friday 11:50am <BR/>15 min moving averages up<BR/>Tick -1,0000<BR/>Pullback from the trend..<BR/>Looking at 1 min chart - 11:50am <BR/> <BR/>Do you take a buy trade? If yes, what are your thoughts for these levels:<BR/>entry, <BR/>profit target, <BR/>stop loss<BR/><BR/>If you did take a trade, how did you play it?<BR/>If you did not take a trade, why?Driven!https://www.blogger.com/profile/16331251243926789028noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-77723978813800833292009-02-08T14:27:00.000-05:002009-02-08T14:27:00.000-05:00Completely agree with you Don, and I see this ever...Completely agree with you Don, and I see this every day in the corporate world, and it annoys me beyond belief. That's one of the main reasons I want to leave the corporate gig and trade full-time. I'm sick of dealing with talentless hacks who continue to be employed due to some HR/labor laws which make it a PITA to fire them. Not only that, the genuinely talented people are held back because the majority is talent-less and the talented few are viewed as a threat. Unbelievable!E-Mini Playerhttps://www.blogger.com/profile/08254731622932971485noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-68638928924047644362009-02-08T10:52:00.000-05:002009-02-08T10:52:00.000-05:00Bravo!I've suffered my whole family, including my ...Bravo!<BR/>I've suffered my whole family, including my kids, to listen through a reading or two of your weekender post. <BR/>Our government schools have little to do with education and everything to do with producing conditioned little sheep who will support the social leviathan. <BR/>Amazing how agitated the white sheep get if a black sheep gets ahead of the flock.<BR/>In these United States, there still lies the greatest opportunity to achieve whatever a person can dream, despite efforts to herd the black sheep. <BR/>That's why I love reading Don's blog so much. It's an inspiration to many a white sheep to break ranks and forge a future that's entirely of their own choosing. If Don can do it, so can I.Jason Shttps://www.blogger.com/profile/09425833790735881047noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-59596325390755693612009-02-08T10:27:00.000-05:002009-02-08T10:27:00.000-05:00Don,I agree 100% with today's post,as you will see...Don,<BR/><BR/>I agree 100% with today's post,as you will see when I send you my info privately for Boston.<BR/><BR/>Here's the math: <BR/><BR/>200% for content<BR/>-100% for not staying focused on your wife and your getaway<BR/>_________________<BR/><BR/>= 100%<BR/><BR/>Remember the serentity prayer<BR/><BR/>..."and the wisdom to know the difference."<BR/><BR/>"When you work, work; when you play play. Most of all, dont waver."<BR/><BR/>Your Friend,<BR/><BR/>E.Ehttps://www.blogger.com/profile/06463951546301302868noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-84596336740891087672009-02-08T08:41:00.000-05:002009-02-08T08:41:00.000-05:00Good stuff as always Rex. I agree with the conclu...Good stuff as always Rex. <BR/><BR/>I agree with the conclusions as I continue to contemplate whether and when to step things up.<BR/><BR/>Thanks.<BR/><BR/>DonDon Millerhttps://www.blogger.com/profile/13263493919935087931noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-22898003864786405322009-02-08T08:38:00.000-05:002009-02-08T08:38:00.000-05:00Note: The following is a post from Rex Vulgaris th...Note: The following is a post from Rex Vulgaris that was inadvertently deleted:<BR/><BR/>Your Elephant<BR/><BR/>Your reviewed stats showed you that the onight boobex and Dax trading was marginal at best. The idea that they were acting as the price of doing business in getting a feel for the days tone is illusary as globex action is european dominated and 80% of the time a clear fade in rth. I think the value of those trades was proving to yourself how commited you were last year.<BR/><BR/>So you have dropped them.. you are sleeping more, your mind is fresh and lo and behold you aint havin any losing days. Fridays adjustment to being wrong early sounds the result of a clear and fresh mind.<BR/><BR/>I suggest this shows you have honed your craft well in the last year and your defence is top notch.<BR/><BR/>So you are now in an enviable but frustrating position. You can grind out good $'s day in day out and let time an math do the work, but traders in particular are never satisfied and always look for improvement. <BR/><BR/>The way forward simply is to either increase your discretionary size or increase the AVPC [average $ per cak returned] or a combination of both [Im sure you have many ideas as to how you might achieve this.<BR/><BR/>Then monitor a moving average of your daily returns to see in black and white how these adjustments are affecting your judgemnets in daily trading.<BR/><BR/><BR/>-RexDon Millerhttps://www.blogger.com/profile/13263493919935087931noreply@blogger.com