Don Miller signs off (for now)

Discussion in 'Educational Resources' started by Pekelo, Sep 23, 2016.

  1. Pekelo

    Pekelo

    So maybe you could tell us about his course. How much of your trading profited from his teachings? And instead of "I learnt a lot" I prefer here the more numerical "my profits doubled" kind of feedback. :)

    A real life P/L is hard to get from teachers and mentors, but I recall a few years back I did a retake on his numbers and the only thing making him profitable was the really low commissions he paid because he had a seat. This is just an observation, nothing to take away from his teaching ability. But if you learnt everything he does, and you were still paying the average commission, you would still end up in the red...

    Because of this I liked more of his philosophical approach to trading and his overall views then the actual trading itself...
     
    #11     Sep 23, 2016
  2. Surprise

    Surprise

    Whats your proof that he didnt blew up his account ?
     
    #12     Sep 24, 2016
  3. Pekelo

    Pekelo

    He said so in the video. The last big event that moved the market a lot was the Brexit 3 months ago. Since you made me curious, I went back to his blog and checked the posted dates. Intriguingly, the frequent posts stopped right after the Brexit. Usually he posts at least 3 times a month. After the Brexit, there is only 1 post in late August.

    Also he posted trading goals for Q2. (March 31 blog) He never posted the results how much he achieved of those goals, and he is usually very good about it. That post was due at the end June. So I tend to think now that he probably did take a bath back in June. When you are trading size like he does you can get hurt really bad.

    "Trading Goals (for Q2):

    7. 100% profitable weeks & months.
    8. Incur maximum six draw days in approx. 60 trading days (2 per month; <10%).
    9. Optimize targeted capital preservation/growth mix (<5 years to 60!) via earnings no less than $200k w/$400k stretch goal.
    10. Attain minimum of four $25k days, two $50k days, and one $100k day.
    11. Increase maximize ES trading size to 300 contracts.
    12. Reduce transaction costs by 25%."
     
    #13     Sep 24, 2016
  4. Gezunt

    Gezunt

    I know Jeff Cooper. He left Larry Connors for greener pastures and much better per article pay at Cramer's operation. I also know David Goodboy, he was offered stock options with LC's company rather than an increase in salary. So, he took a ghost writing gig from a major newsletter pundit for the money thus giving up bylining for LC group-- he also just published a book explaining his stock picking method.
     
    #14     Sep 24, 2016
  5. Gezunt

    Gezunt

    By the way, Jeff Cooper can be found here http://tinyurl.com/zj7lng3 for those of you who followed trading markets in the early days. He was the godfather of online trading education,,,, I know I learned a ton from Larry and the crew.
     
    Last edited by a moderator: Sep 24, 2016
    #15     Sep 24, 2016
  6. speedo

    speedo

    Yes, it was a good group. I went to their Vegas confab in Fall of 2000.
     
    #16     Sep 24, 2016
  7. Pekelo

    Pekelo

    So I was bored and I thought, let's check on Don, did he come back or what's going on? He started video blogging again at the beginning of the year. I watched his 2016 Retrospective journal entry but there was really no mention of his personal record for the year. A pity, even just a rough reference would have been nice...

    He did mention starting to use options again. Then after that video 5 months of break and since May he has been a regular blogger. A little bit too much on the sales side though... But whatever works....

    Since I like to speculate, I think he took a big hit at the end of June and it took him a good 5-6 months to gain it back and restore his confidence, thus the explanation of his big break...
     
    #17     Jul 18, 2017
  8. I think I have seen this book listed. I believe it is ranked #6,254,142,932,963 in the "Fiction/Comedy" category.


     
    #18     Jul 18, 2017
  9. He seemed fairly likeable, and he was fucking great in '3 men and a baby'!
     
    #19     Jul 18, 2017
  10. Millionaire

    Millionaire

    Miller always felt like a slimey snake oil vendor to me. He even looks like your typical snake oil salesman of old:

    [​IMG]

    I remember after the 2008 crash he was suckering 10 to 20 people every month into each paying him $7500 for his 'Jelly' course
     
    Last edited: Jul 18, 2017
    #20     Jul 18, 2017
    traderob likes this.