Don Miller Traders out there?

Discussion in 'Hook Up' started by bobcathy1, Jun 2, 2003.

  1. "I am looking for other Don Miller style traders who would like to email back and forth "

    I think it would be good for my trading to stick with one method for a few months. Please contact me.

    Thanks

    ~EC
     
    #11     Jun 4, 2003
  2. jem

    jem

    I know this--- Don Miller did not invent the method he is selling. From my little research it seems he learned this method for jea yu in the undeground trader. Now if he makes money trading that is great for him. I hope the hype at Trading Markets is accurate and that he does make money. (I suspect he does). The question is do people trading his method or with him make money. It seems to me that trading the es properly with a discretionary method takes much more than the method. It seems to take a great deal of skill and experience to know what type of environment you are in. By the way I am not claiming I make money in the es. I just know if the method can not be backtested profitably it takes more than what Don puts in his column. I am typing this to avoid trading the es during the slow time but it I now retruning to it.
     
    #12     Jun 4, 2003
  3. bobcathy1

    bobcathy1 Guest

    I made money with his QQQ strategy last year.....but so far the ES has been a loser. Not a big one mind you.....but I am on the down side right now by 2k.
    Often times when I review my trades I see a lot of mistakes. Like the last 3 I made today for example. 2 PM I started and the markets are still flat..... I need to stick to my best time, I make money in the AM, only to give it back after lunch.....
    I think maybe I should go to less traded eminis like YM or NQ.
    Cathy
     
    #13     Jun 4, 2003
  4. BobCathy,

    Can you please summarize how Don's strategy works, and how you tie in his daily column to his strategy?

    Thanks.

    -- ITZ
     
    #14     Jun 4, 2003
  5. Is Don from Tradingmarkets? Why not change the name of Tradingmarkets to Tradingmarketing? I was on their site and funky faces pop-up. Why not make it a porno site?
     
    #15     Jun 4, 2003
  6. bobcathy1

    bobcathy1 Guest

    It is in the TM University section of Trading Markets. Just read all 5 of his lectures and it is in there. You can get a free 2 week subscription and print them all for reading later.
    If you look in the columns I wrote about Don Miller in search, you will find it spelled out. :) Too much for me to write out a 3rd time.

    Truthfully, if you don't take the class, you will be lost on his columns. I am looking for people who took his classes already or at least are working on them. There is no free lunch.

    At this point I have found two people to email with. That should work just nicely.

    :)
     
    #16     Jun 4, 2003
  7. bobcathy1

    bobcathy1 Guest

    Truthfully I got very fed up with all the marketing, and did not renew my subscription. Takes a lot of nerve to charge $225 for advertising. I only read a couple of columns in the end. Don Miller and Dave Floyd...... It was great for learning for a year's subscription though. I recommend it.

    I think the men on it are too UGLY to make it a porno site. Heaven forbid!
    :eek: :eek:
     
    #17     Jun 4, 2003
  8. jem

    jem

    they charge about 6 dollars a month if you ask. I like the scanner so I paid it.
     
    #18     Jun 7, 2003
  9. I am not familiar with Don Miller or his style of trading. Haven't a clue as to his marketing, system or anything.

    I am also not sure if this is the right thread to bring up my questions, but having read the posts in this thread, and having always enjoyed reading whatever Cathy has to say (we are perhaps kindred spirits in our "ex-hippy" and "age-factor" commonalties).

    Anyway, having been involved in trading for a long time, I have been wondering more and more recently why it seems that so many traders now seem to be trading just one vehicle....QQQ's, E-minis, NQ's, whatever.

    I know that it MAY appear easier on the surface to trade a tracking stock (ETF), or a futures contract on the market....and the marketing and advertising for these products is quite convincing.....And I admit that .there was a time that I traded the OEX almost exclusively (late 80's). As a customer, I was convinced then that it was easier to trade a broad index than a single issue. But I did not know then a fraction of what I know now. At the time it was a hobby. I was in the restaurant business in real life. And a few winning trades early on (when the OEX was a new product) got me hooked, and ended up costing me plenty. Seems like "beginners luck" can be very harmful in the long run.

    Now, I am of the belief that it is kind of limiting to trade one thing. While the volume is huge, so fills are fast and slippage is minimal, it seems reasonable to assume that if so many people are trying to feed from the same trough, that it must be hard to do. I mean isn't more "anticipation" involved? Nothing, it seems to me, can work very well if you are the last in. And certainly being the first in can be jumping the gun. And if everyone is looking at the same indicators (I am just guessing here, but whatever Don Miller's system is, I imagine just by being defined as a "system" then a lot of people are rushing in and out of positions at the same time. Is this right? Or am I completely off base)?

    My reason for feeling I have a (very) slight advantage trading stocks, is that I can see how individual issues are trading relative to the market, or to other stocks in the same group, (or relative to a tracking stock for the group...i.e.: SMH for semi's, BBH for biotechs, etc.....there are so many). Relative strength and volume are crucial to my stock selection.

    So my question is, I suppose, what is the big attraction of trading an index? I never was able to "out smart" the market when I traded the OEX. Yes, I made money trading them, but not as a customer. Only years later as a market maker when I could do strategies not generally available (in real life) to retail customers (like back spreads, due to margin requirements).

    And the back spreads could have been done on individual stocks with I imagine the same rate of success as I had on the OEX. The only reasons I did the OEX to such a large degree when I traded on the floor (CBOE) were there was virtually no slippage, and fills were instant. There was huge volume, and one sixteenth was the spread at all times on close contracts. And MOSTLY because exchange rules said I needed to do a minimum percentage of all trades per month at my 3 "posts". The OEX was a post in itself. So if I saw a great trade away from my post, and wanted to do a lot of contracts "away", that forced me to do a proportionately greater number of trade at my posts. Which usually meant OEX (just because it was simple and fast). Same was true of XMI on the Amex. Yet still I managed to get backed up into making a lot of XMI trades the last day or two of the month on many occasions on the Amex just to meet compliance.

    Seems easier to me still to trade stocks. If, let's say the market is flat, and (for example) IBM and Citicorp are extraordinarily strong, it is a lot more comfortable for me to be long those stocks than to try and scalp the SPYs, or one of the other general market indices.

    What am I missing?

    Peace,
    :)RS
     
    #19     Jun 7, 2003
  10. bobcathy1

    bobcathy1 Guest

    I agree, I do not only daytrade one index. Though in my posts it must seem so. I have a variety of investments of the very boring kind. And I often trade individual stocks on a swing basis also. Those two work just fine, but they have much lower returns than daytrading. Though none of the nasty drawdowns.:)
     
    #20     Jun 7, 2003