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Pekelo
Registered: Aug 2005
Posts: 5628 |
09-22-09 02:40 AM
This thread is about Don and his effort to teach his system. Anybody bullshitting offtopic will be asked to leave and Alex and his kind specially are not welcomed. If you want to discuss his teaching efforts, the Don Miller 1. is a fantastic place for that.
Now let's get down to it:
The 8 weeks have came to an end. The Jellies are going to swim alone from now on. Don says:
"In addition, after the initial Jellie effort has been completed and the Webinar series wrapped, it's likely that I'll be adjusting the current discounted price closer to its true value. For now, I plan on leaving the current discount in place through the end of September to allow interested blog followers to benefit from what I believe is the most intensive educational service I've ever produced, and likely ever will in the future ... and at a fraction of the value. "
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Pekelo
Registered: Aug 2005
Posts: 5628 |
09-22-09 02:42 AM
Don also donates some of the fees to charity:
"Thus far, and with one week left to go in the eight week inaugural effort, the tally of the portion of the Jellie Webinars that will go to charity is $9,542, which reflects a 15% tithe of the net Webinar proceeds ("net" meaning less merchant credit card processing fees)."
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jeb9999
Registered: Feb 2008
Posts: 1376 |
09-22-09 02:50 AM
The Jellies will be on their own, but will not swim alone from now on.
From the September 18, 2009 blog:
"The end in terms of the Jellies being turned loose to swim on their own (although we will be swimming alongside each other as peer traders going forward as I've stated in the past), yet the beginning of an infinite world of market opportunity."
"And soon ... the end of Don Miller the educator/trader, and the return of Don Miller the trader as I trade alongside the expanded Jellie team in the new tank."
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Spectra
Registered: Jan 2007
Posts: 3097 |
09-22-09 04:38 AM
Quote from Pekelo:
This thread is about Don and I am his paid shill. I think that by barking and insulting Alex of Puretick I will be free from a rebuttal. I am hoping that the way it works in my country it can work the same way in America. Fuck free speech."
Sorry little Pekelo.
In Amrica we have a right to rebut.
You want to start your own leeetle thread, fine with me.
When you want to fling dirt at me, then expect me to have the right to answer you back.
One question people want to know.
What is your relation to Don Miller?
All the filthy language you use, is that Don Miller approved or just your filthy mouth.
At Puretick we encourage spirited debate. Banal insults are discouraged.
If you can't run a professional thread, you do not deserve one.
Successfully,
Alex L. Wasilewski
Co-Founder & Head Trader
Trades That Work
www.puretick.com
1-877-GOLONG1 (1-877-465-6641
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Love Trading
Registered: Apr 2008
Posts: 57 |
09-22-09 04:57 AM
I think there are two key elements that contribute his success thus far that may not apply to average retail traders:
1. He leases a seat and pay very low commission.
2. He manages risk without stops mostly, by using size, which allows him to save 1 tick consistently.
Also last years volatility is also an important factor.
Without these key components, he will only break even.
Psychologically and emotionally, when you pay less than $1.00 commission, this allows you to scratch a lot of trades without thinking commissions, or may be even gain one or two ticks. This is an important edge.
Retail Traders paying $5.00/RT to play ES game will never win with this style, no matter what Don says it aint so.
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jnorty
Registered: Dec 2008
Posts: 179 |
09-22-09 06:39 AM
wow don has shortened the course to 4 weeks for $7500. he's basically taken some of the materials he used for the first one and will use it over and over again. if he gets 10 people a month he can make 75-100k a month and still trade.as the previous note says anyone taking dons course is a fool as the way he scratch trades a ton will kill 99% of traders who pay anywere near retail.
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