These are the types of threads that permeate this site: Everybody chimes in with no real knowledge, just a lot of speculation about what they "think" is going on. OP says: "This thread is about Don and his effort to teach his system." We'll that's going to be very difficult because from what I have seen on his blog, there is no system. My last sentence is pure speculation, as I have no knowledge about what Don is doing. I'm just guessing. lol I see posts saying; "but my guess is that only less than 20-30% of them are going to be profitable once they are on their own..." Here's my guess: You can have anybody in the world show 20 people their trading method and maybe 10-20% will be profitable. Something being "of value" or a "ripoff" is completely in the "eye of the holder". There might be some who took the course who will never be profitable, but they might tell you it was "worth the price". If you're waiting for someone to write about their experience, you might be waiting for a long time. Why would anyone care to do that? Most people are busy with their life. It would be interesting if someone who passed through Don's course gave a review of it. Other than that, everything in this thread, so far, are just a bunch of meaningless letters that form words. If you want to know if you'd benefit from Don's course, I would suggest you read his blogs for the past 8 weeks. If you can figure out what he is doing to make money from those blogs, then you probably don't need the course. If you have no idea what he is talking about, then you probably have a long way to go in the learning process.
If I'm not mistaken Don Miller use to sell a video series on Trading Markets for $499 or something cheap like that. I think I actually bought it about 4 years ago and thought it was decent but I quickly learned that futures trading was way more difficult to make money then stock trading so I didn't study his stuff to any great depth. The screenshots he shows on his website look very similar to that $499 course I bought and that alone put me right off. To me this guy looks like a skilled marketer / salesmen and my guess is his primary income comes from educational products not trading. if I was going to learn to trade the mini's I think Linda Raschke offers a way better deal. http://www.lbrgroup.com/ bottomline = Beware A true mentor would not advertise his wares. The mentor I found came through a referral from a close friend and he very rarely took students and he certainly didn't have a web site and marketing strategy.
I generally agree with you Don... We could talk about the weather, football or whatever but we decided to discuss someone who is teaching trading. I know, it is strange because it happens to be on a trading messageforum. Apparently you were interested somehow, because you wrote a pretty long post. And sure, as you said, maybe someone who took his course will share his/her experiences, we got the thread for them... Generally, I don't think trading can be taught. By this statement I mean that trading is not like writing or playing an instrument, where most people who start learning it eventually learn to read or play the instrument on some level. So for this reason I am interested in Don's effort. And anyway, what's wrong with guessing about the outcome of an unsure thing? Sounds like trading to me.
Well, traders can learn. I woke up in the middle of the night (pst) and saw that ES prices were trading in the 48-49 area. I took a small short in the 48 area and went back to bed (buy stops in). Just woke up and exited with 7 handles on my 5 lot. The entry was a set-up that Don has talked about in his blog several times and has even posted charts. I guess my point in my initial post was: if many on ET spent as much time trying to learn as they do trying to be "consumer advocates" they might actually become profitable traders.
of course traders can learn. don said many, many, many times no need to pay vendors for education. everything needed to know is contained inside his blog somewhere for free seems dons words are true. free info from blog => profitable event for you.
Jake Bernstein, Woody the CCI guy, Roberts, they are all the same - there have been legions of these guys in the futures industry. Turtles = Jellies. Nice touch. Dollars to doughnuts he's not a member of the CME. Someone should do a little investigation on this issue. Anyone see his tax returns or trading statements to back up his claims. I doubt it. If it smells like a duck, walks like a duck, and quacks like a duck - then it's probably another dream merchant. Cave lupis!!
Another asinine ET loser posting nonsense. "Dollars to doughnuts he's not a member of the CME. Someone should do a little investigation on this issue." Did you bother to pick up the phone and call the CME membership department and ask them? Afraid to call or is the call too expensive for you? I just called the CME membership department and asked if they verified whether or not some claiming to be an exchange member is actually a member. They said "Yes, what is the name". I said "Donald Miller with an IOM lease" and after 30 seconds they verified that Donald Miller is a CME member with an IOM lease. Is that enough investigation for you? Or do you want me to call Don Miller's wife and ask if she is really married to Don Miller?
How many Don Millers are there in the world? millions perhaps? maybe there are more than a few with CME memberships...... <i>The site is a blog run by professional trader Don Miller. Don wrote for TradingMarkets for a number of years and his full time job is trading E-minis. Don leases a seat on the CME and as youâll see from his blog, he earns over $1,000,000 a year trading the E-minis from his home office. Not only does Donâs blog discuss his set-ups and some of his strategies, it also does a great job looking at peak trading performance. The one thing Iâve learned and embraced over the years is that there are many good professional traders we all can learn from, and Don Miller is someone who certainly is one of those trader. </i>
Did you also ask for an audited statement ? This guy re-packaged a $499 video series and is charging suckers $10,000 dollars for something that you have not even verified works. It's no wonder 90% of traders fail.