Don Miller 2.
- Thread starter Pekelo
- Start date
So what are you crying about? If it is good for Baron (more hits) and good for Don (more PR) who are you to trying to stop a good thing?
By the way folks, get ready for DonTV:
" Has anyone ever had the guts to trade live on TV every day for the whole world to see???
Including pocket cams of trading "hole cards"???
Talk about raising the bar another notch in terms of transparency.
Perhaps that would be the ultimate game.
Don't put it past me."
YOU need to reread my posts.
One poster claimed that there was a winning strategy posted on Don's blog and I called him out on that claim. Still waiting for that claim to be proven true...I didn't start the thread because I want to learn big secrets...*
Otherwise I think I have a good grip on Don's strategy, high volume scalping and averaging in.... I always said I didn't like his trading style...But if it is working for him...
*Actually, I didn't even start the original thread, this one happened because of that asshole Alex...
Quote from Pekelo:
YOU need to reread my posts.
One poster claimed that there was a winning strategy posted on Don's blog and I called him out on that claim. Still waiting for that claim to be proven true...I didn't start the thread because I want to learn big secrets...*
This is what I meant in a previous post as to why so many people who would like to become profitable traders may not be able to do so.
In this thread, there is a post that gives the exact timed minute to see the trade entry that Don has given away for free on one of his blogs (from a video).
Some people can understand the entry and some people, for whatever reason, cannot understand it. Some people will take that information and make some money; some people will not. Just like anyone trying to show someone else how they trade; some people will understand and be able to adopt ideas for himself (herself) and some people will not.
From my 20+ years of trading, I can tell you that I have never seen anyone become more profitable because they decided to become the "Consumer Reports" of vendors. I do understand that many would like to call Don out on his "vendor transparency complaint".
95% of the comments in this thread are silly speculation or childish accusations that will not help anyone become a more profitable trader.
Believe it or not; there are people who spend their time, energy and money on discovering a methodology that matches their particular thought process and emotional make-up. Some of these people become very profitable traders.
Unfortunately for you, we already checked out that video. There were no trading rules posted, just a fuzzy chart and one HALF trade (only the entry)? Gee, I am sure smart guys like you can learn a lot from one trade, without explanations with it, but not all of us are so smart.
So your claim stays as it has been, unsupported by evidence....
But I like to return the favour, and be mysterious like you, so here we go:
This week in the ES Journal thread I posted a VERY SIMPLE trading strategy that is good for certain days, at least 5% of trading days. Rules were described in 1 not very long sentence, I think.
Now that we are even, we can go on our merry ways. See you back in a week. Remember, this thread is not worthy of your time.
P.S.: By the way, what are you doing in this thread in such a gorgeous autumn Sunday?
Now then ..
Don Kee/Don Miller/ Don Quixote or whoever else you want to be today...
Quote, "some examples of my screen , what I look at...each indicator..why and how they blend together"....at NO time does Miller describe any trading method....(video 6.21 to 6.34)
Alternatively, you may have meant his 'reentry trade' (video 808-821), but at no time does he refer to the initial entry/exit...no date on chart either.That, too, is not describing a system.
The only consistent factor on the screens is that he seems to rely on sma...nothing wrong with that if that is what makes him comfortable, but you could not possibly call that "offering a free system" .
While I respected your offerings in a separate thread I feel that YOU are the one being somewhat childish in this thread...it would not have hurt you to have provided the video or precis times that could have been referred to to support your statement.
The rest of the comments you made are redundant and serve no purpose and are self serving.
By the way ...on 9/25 page 5 and 9/29 page 6 you claimed bragard rights to a couple of successful "trades"...great...what has happened in the meantime? If the "free'" system is as good as you say, with noted success, why have you not provided us with a litany of successful trades since ?....modesty perhaps?
NiN
And now for some football.....
Woah, never misses an opportunity to be sarcastic.
I am missing a couple of things here -
In his blog, he talks about Transparency in everything he does - yet in the last 6 months he has pulled daily metrics, daily and monthly P&L, performance results, even ability to chat from his blog. There is no indication on how jellies did during training. There is no transparency now in any shape or form, so what is he talking about?
He had three flat to losing months (May- Jul 09), then starts jelly effort and makes about half a mil. or so. Now, he says his income falls when he trains people. What is he talking about?..I thought that is why started coaching in the first place. I am totally lost on this one.
Anyone have an insight?
Stop criticizing DM, will you? First of all, he encourages discussions, second his not posting of the current results causes the speculations here. So your comment is really a criticism of him.
Speaking of speculations (I admit, I love to speculate) here is a good one:
Fact #1: Don pays a bit less than $2 per return trades.(he said so)
Fact #2: Since he has been teaching, his trading is not going as good as before. (he said so)
Fact #3: Before he started teaching his last 3 months average net profit was about 22 K, (I did the math) or around 1$ per return trip per contract.
Assumption: Not every Jelly has as low commission as Don's.
Conclusion: Assuming a Jelly was able to copy EXACTLY what Don does, that Jelly only made money if his commission was not more than $3 per return trade.Those students who pay regular retail commissions must have traded either better than Don if profitable, or they must have lost money...
Bottomline: When one's net profit per contract goes down to minimal, commission becomes the most important part of trading.
How is that for speculation? Did I do well?