tag:blogger.com,1999:blog-709390629316238746.post8657623975252874939..comments2023-04-16T05:11:52.660-04:00Comments on Don Miller Trading Journal: The Weekend Trader - Super Sunday ThoughtsDon Millerhttp://www.blogger.com/profile/13263493919935087931noreply@blogger.comBlogger23125tag:blogger.com,1999:blog-709390629316238746.post-58124049824649200392009-02-02T18:53:00.000-05:002009-02-02T18:53:00.000-05:00Don,Thakyou! Just let me know when it's best for y...Don,<BR/>Thakyou! Just let me know when it's best for you to get together<BR/><BR/>GlennGlems111https://www.blogger.com/profile/07660226346096566287noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-34084538768084337622009-02-02T17:44:00.000-05:002009-02-02T17:44:00.000-05:00Hi Glen -Whatever works for you in terms of goals....Hi Glen -<BR/><BR/>Whatever works for you in terms of goals.<BR/><BR/>One thing to "consider" (remember, I'm just taking to myself and never give advice here), is to let market opportunity dictate when one trades or not.<BR/><BR/>Last year's bamboo was largely the result of pressing when I had the advantage hard.<BR/><BR/>Having said that, there are times I'm very cautious such as after 3:30pm, regardless of opportunity, so perhaps it just reinforces we're all individuals with unique strengths and preferences.<BR/><BR/>I'll keep you posted on Boston stuff ... maybe we can do a weekend on the Cape sometime.<BR/><BR/>DonDon Millerhttps://www.blogger.com/profile/13263493919935087931noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-29202264525429660302009-02-02T17:37:00.000-05:002009-02-02T17:37:00.000-05:00OK! I get it, Pace! Thanks Don. Wow, I thought it ...OK! I get it, Pace! Thanks Don. Wow, I thought it was only me that got frustrated at what Pace isn't! <BR/><BR/>Thanks!Dragon Slayerhttps://www.blogger.com/profile/07192270836307218035noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-67000641828014378212009-02-02T17:19:00.000-05:002009-02-02T17:19:00.000-05:00Hey Don,I am not sure if you have recieved my prev...Hey Don,<BR/>I am not sure if you have recieved my prevous post but will try again.<BR/><BR/>I just like to say great Job on<BR/>your goals. Everyone should have a plan and a goal to start with and try not to deviate from that goal. I know from my experience that when I reach a certain profit(my plan) goal I shut the computer off and cease my trading for the day. Prior to not having a goal I would think that if I reached the profit, I would just to myself I can make more (greedy) and lose. <BR/>This method has given me a better edge to trading. To keep it short everyone should have a plan and stick with it.<BR/>Also, I noticed that you may be interested in having a roundtable.<BR/>I live in Boston area I just began getting a few people together for coffee to discuss the markets. We would luv to have you join us.<BR/><BR/>Thankyou!<BR/>Glenn L<BR/>Glems111@gmail.comGlems111https://www.blogger.com/profile/07660226346096566287noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-20526515352554685272009-02-02T16:52:00.000-05:002009-02-02T16:52:00.000-05:00Ahh ... pace.More important to me than any other a...Ahh ... pace.<BR/><BR/>More important to me than any other aspect of trading.<BR/><BR/>It's actually hard to describe except suffice it to say that it's a smooth rhythm or "dance" that remains fairly sustained over the course of the day.<BR/><BR/>It may actually be better to describe what it's NOT: It's not a market that has significant periods of lull and pause. It's not a market that feels like one is alternating flooring the accelerator with slamming on the brakes. It's not a market remains incredibly rangebound over long periods of time. It's not what the market has been as of late.<BR/><BR/>Again, these are all my definitions which may be completely meaningless to most. Yet I consider pace THE most important aspect of the market that influences my ability to dance cheek-to-cheek as "we" did last fall. <BR/><BR/>Tough to dance when the music keeps stopping.<BR/><BR/>DonDon Millerhttps://www.blogger.com/profile/13263493919935087931noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-29994877342876593942009-02-02T16:33:00.001-05:002009-02-02T16:33:00.001-05:00Hi Don, I started reading your blog about 2 weeks ...Hi Don, I started reading your blog about 2 weeks ago. Great Stuff! Thank you!<BR/><BR/>I have borrowed your weekly performance worksheet. One part that I don't understand , and have left blank until now is "Pace". What do you mean by pace?<BR/>Your idea of a after hours chat room sounds great to me. I probably am one of only a handful of traders that trades ES from my home in Sweden, I therefore had very limited ability to throw ideas back and forth with people that do the same. I do visit a pretty great message board (if you can call it that) "Market ticker" and I usually post in the ES area. I have tried to get a few of the traders over there to join me in a chat room I set up but interest was lacking. Anyway, if you do decide to go ahead with the chat room idea then I would definitely be joining you there. <BR/>Thanks again for the great blog! <BR/><BR/>ProspektorDragon Slayerhttps://www.blogger.com/profile/07192270836307218035noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-92115142634934370282009-02-02T16:33:00.000-05:002009-02-02T16:33:00.000-05:00Hey Don,Just reading some of your post. Great job ...Hey Don,<BR/><BR/>Just reading some of your post. Great job with your goals.<BR/>I been reading and noticed that you may get a rountable together. I live in the Boston area as well as you also. I have recently have been in contact with a few people looking to get together to discuss the markets. We like to keep it small to get qaulity discussions and would like to see if you may be interested. We would luv to have you. <BR/><BR/>GlennGlems111https://www.blogger.com/profile/07660226346096566287noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-75935214624213758832009-02-02T16:13:00.000-05:002009-02-02T16:13:00.000-05:00Hi Jeff and welcome to the blog.Keep in mind this ...Hi Jeff and welcome to the blog.<BR/><BR/>Keep in mind this is primarily my trading journal, yet you can probably get a decent feel my what I do skimming the posts. The audio interview link to the left may also help.<BR/><BR/>DonDon Millerhttps://www.blogger.com/profile/13263493919935087931noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-3117678605705253562009-02-02T09:33:00.000-05:002009-02-02T09:33:00.000-05:00hi, new here and i have not found a detailed expla...hi, new here and i have not found a detailed explanation of Mr. Millers trading method. Any assistance is appreciatedCranky Guyhttps://www.blogger.com/profile/10326303255788790112noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-63692250936734033272009-02-02T04:31:00.000-05:002009-02-02T04:31:00.000-05:00GIGO -I was having some technical difficulties a w...GIGO -<BR/><BR/>I was having some technical difficulties a while back with TS, plus TS doesn't have a good 3 line break chart.<BR/><BR/>Yet both have similar funcationality and I could easily switch back and forth if needed.<BR/><BR/>DonDon Millerhttps://www.blogger.com/profile/13263493919935087931noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-1320756875866177232009-02-02T02:58:00.000-05:002009-02-02T02:58:00.000-05:00Don, Just curious on why you decided to switch fro...Don, Just curious on why you decided to switch from trade station charts to esignal?Get In Get Outhttps://www.blogger.com/profile/03537438686787680022noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-17536366645174802402009-02-01T22:16:00.000-05:002009-02-01T22:16:00.000-05:00My emotions are wrecked after that game. I would d...My emotions are wrecked after that game. I would defiantly score a red on the “Performance Scorecard.” I better take Monday off….Severinohttps://www.blogger.com/profile/09279332888959190709noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-71207944083012085262009-02-01T17:46:00.000-05:002009-02-01T17:46:00.000-05:00Not sure Charles. But I do know some days I feel ...Not sure Charles. But I do know some days I feel like a Moron, which has only a slightly higher IQ than Imbecile, although it's two steps about Idiot.<BR/><BR/>DonDon Millerhttps://www.blogger.com/profile/13263493919935087931noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-39194003787078300082009-02-01T17:40:00.000-05:002009-02-01T17:40:00.000-05:00So Don, let's 'agree' that you're not a genius...w...So Don, let's 'agree' that you're not a genius...what would it take(you or anyone else) to become one?<BR/><BR/>i.e. what's the definition of 'genius'?<BR/><BR/>(a little "filler" question for ya while I think of something useful to add to this excellent discussion)<BR/><BR/>-charleSCharleshttps://www.blogger.com/profile/02513648506121186831noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-38546355940223555752009-02-01T14:28:00.000-05:002009-02-01T14:28:00.000-05:00Hi Sev -I don't use candlesticks simply for person...Hi Sev -<BR/><BR/>I don't use candlesticks simply for personal preference, as I instead prefer to look at what's happening within a single bar by viewing action on the next shorter timeframe. Again, no need for me to add more to my charts than I need as I try to keep things incredibly simple.<BR/><BR/>I do trade sometimes during the lunch hour, but I'd be surprised if it was net profitable over the course of the year.<BR/><BR/>I don't currently use OCO or OSO, although I toyed with it when I used prior platforms. I also don't have resting electronic stops in the market, again prefering to fly manually and manage risk primarily with size.<BR/><BR/>In terms of "fading", we should all be careful -- including me -- with how we use the term. For example, one might be trading with a very strong larger term trend and thus "fading" the immediate short-term snapback on the approach. [It often comes down to how much price premium we want to pay for confirmation of a continuation, knowing that entering after a confirming move could already be eating into profits.]<BR/><BR/>Yet I generally agree with your comment.<BR/><BR/>In terms of tonight's game, I still can't believe the 11-5 Pats who completely trashed the Cardinals 47-7 didn't make the playoffs! Perhaps it was the football gods' way of evening the score for videogate.<BR/><BR/>DonDon Millerhttps://www.blogger.com/profile/13263493919935087931noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-49771950276642089562009-02-01T14:09:00.000-05:002009-02-01T14:09:00.000-05:00Hello Don,I have read all of your post since you h...Hello Don,<BR/><BR/>I have read all of your post since you have unselfishly started sharing your Trading Journal, including the hidden gems in the comments section. I do not remember you commenting on why you do not use candlestick charting. Because of their telling signals it seems that they would compliment your style of trading, such as a hanging man, (appears at top of uptrend), evening and morning stars (warns of reversals) etc.<BR/><BR/>I know you do not typically favor trading the last half hour but do you trade the lunch time lull?<BR/><BR/>Do you use OCO (order cancels order) or OSO (order sends order)?<BR/><BR/>I am glad that you constantly remind readers that this is a style that best suits you and that we must find our on way. Fading is one of the biggest killers of new traders and is definitely not for someone that does not have a decent grip on their vices.<BR/><BR/>Go Steelers, (Grew up in Pittsburgh)<BR/><BR/>SeverinoSeverinohttps://www.blogger.com/profile/09279332888959190709noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-37277002444873248382009-02-01T13:37:00.000-05:002009-02-01T13:37:00.000-05:00Great golf shot link though!Great golf shot link though!Don Millerhttps://www.blogger.com/profile/13263493919935087931noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-61460135344187885762009-02-01T13:36:00.000-05:002009-02-01T13:36:00.000-05:00E - Thanks for the comments, but I must dispute th...E - <BR/><BR/>Thanks for the comments, but I must dispute the genius comment (which I know you meant in fun).<BR/><BR/>I'm of course just like everyone else in that I screw up with the best of them.<BR/><BR/>Just wanted to go on record with that :-).<BR/><BR/>Stay well.<BR/><BR/>DonDon Millerhttps://www.blogger.com/profile/13263493919935087931noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-20899910175515090112009-02-01T13:30:00.000-05:002009-02-01T13:30:00.000-05:00Poker, no clue. Despite having terrific pizza near...Poker, no clue. <BR/><BR/>Despite having terrific pizza nearby (pepe's or sally's), I would love to join you for pizza and beer (whatever)in the Boston area if you ever have a get together.<BR/><BR/>Golf, now we're talking, having played it successfully at the collegiate level.<BR/><BR/>Move the ball forward, keep it in play.<BR/><BR/>Think about risk and reward before swinging.<BR/><BR/>See the perfect shot in my mind before I pick up the club.<BR/><BR/>Never let one bad swing ruin the round.<BR/><BR/>Use the swing that I have that day while playing and adjust later at the practice tee.<BR/><BR/>Have a mental tiger in my tank.<BR/><BR/>http://www.youtube.com/watch?v=tj5rOuNM_QE<BR/><BR/>It's almost spring guys!<BR/><BR/>And apply these ideas to my trading business and to life.<BR/><BR/>Just do it.<BR/><BR/>I have met sheer genius in Don Miller, and I am humbled to share some ideas with you and your followers.<BR/><BR/>E.Ehttps://www.blogger.com/profile/06463951546301302868noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-13665686155147609232009-02-01T11:46:00.000-05:002009-02-01T11:46:00.000-05:00Miramar -Indeed. Golf, trading, and poker are all...Miramar -<BR/><BR/>Indeed. Golf, trading, and poker are all so very similar. I don't golf much because of a bad lower back [that's my excuse anyway], but the concepts ring so true.<BR/><BR/>One of my favorite analogies between trading and golf was the idea of how one responds to shanking one into the woods, in terms of chipping out and accepting/taking the hit versus trying to drill it through the two-inch hole in the tree, as well as not trying to make an immediate double eagle on the next hole.<BR/><BR/>And then there are all of the parallels to lack of perfection.<BR/><BR/>DonDon Millerhttps://www.blogger.com/profile/13263493919935087931noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-53609972250766099092009-02-01T11:40:00.000-05:002009-02-01T11:40:00.000-05:00Flag & Wedge - Thanks for the post. Sounds li...Flag & Wedge - <BR/><BR/>Thanks for the post. Sounds like you described my typical day, except that I almost always scale in and out.<BR/><BR/>Best continued wishes.<BR/><BR/>DonDon Millerhttps://www.blogger.com/profile/13263493919935087931noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-46501347285449306432009-02-01T10:56:00.000-05:002009-02-01T10:56:00.000-05:00Don, Your updates are really helpful, thanks. I al...Don, Your updates are really helpful, thanks. I also have started to relate trading to golf since I have played for so long. The best tip I have ever recieved was from Brad Faxon. When approached by another player on the practice green at an event he was asked what he was working on. His simple reply was "not caring". He putted his best when he felt like he didn't care if the ball went in the hole, so he practiced it so he could duplicate the feeling on the golf course. It's amazing how trading, golf, and poker are so interconnected. I never thought to re-read my golf books to help with my trading until I found your blog.Repo 105https://www.blogger.com/profile/18050892648962159683noreply@blogger.comtag:blogger.com,1999:blog-709390629316238746.post-47076889843978509232009-02-01T09:55:00.000-05:002009-02-01T09:55:00.000-05:00Hi Don,Thanks for posting your thoughts. As for t...Hi Don,<BR/><BR/>Thanks for posting your thoughts. As for trading a small account...I have just started paper trading 1 nq contract scalping for 1-3 points. Using mostly your multiple-time frame method (3, 5, 15, 30, 60 & daily), ma (5 & 20). On Friday had 19 entries, with 17 profitable, 1 break even and 1 a 2 point loss. The largest draw down was for 4 points. Most cases (especially when the trade was in the direction of the trend) i was getting out too early.<BR/><BR/>What i noticed about the whole exercise is that unless i take a big loss of say 5 points ($100 on 1 contract), i am nicely profitable at the end of the day. It is much easier to make $20 - $50 per trade (on 1 contract) then make $200 - $500. And since i am looking at so many time frames, there are so many trade signals that are generated constantly, some of which have a lot of things confirming the trade (confluence).<BR/><BR/>Of course i have always been very profitable with paper trading :-) I get the best fills, am very detached about the money, and willing to take the risk.<BR/><BR/>Thanks so much for all the free info you have posted out on the internet. What is so remarkable to me is that bollinger bands, moving averages, stochastics are really technical analysis 101 stuff and yet i have never looked at them together. I just hope i can stick to this and make the $, instead of looking for something that will give me $ for no risk at all :-)NQJhttps://www.blogger.com/profile/06977300983887726822noreply@blogger.com