Quote from Whisky:
After meeting Don Miller, and also having studied AMT's method somewhat. It'd be interesting to read your current views and opinions and comparisons between both types of trading, and which you think suits you best, if any.
JW
Their two styles are very different. I cannot say that they are similar, except that the two traders are both very successful.
D.M. is a scalper. AMT is primarily a discretionary swing trader, who runs ATS on the side.
They use very different edges in the market to achieve the same end, positive P&L.
Personally, I've never been much of a Scalper. I try to keep the R:R very high, compared to D.M.
I really do not know how to "rotate" entries with as much finesse as AMT. IMO, being able to do that is an edge all by itself.
I think trying to clone yourself in the exact image of other successful traders is impossible due to variance in personal psychology and beliefs. Assimilating successful traits from different traders as it fits me, seems a better approach.
I describe myself as a "Support & Resistance" trader. First, know where to trade. Second, decide whether or not you should enter. Third, have steel balls to hang on for a large target when you get one right. If you have really identified the correct S/R level, there should be no doubt in your mind if your trade worked or not.
I find CDV most helpful in deciding whether or not I should enter once I arrive at a key price level. AMT works some extra voodoo magic to figure out what's going on with delta zones... it's still a bit of a mystery to me. His ability to predict a return to the bottom of a trading range with such accuracy is unbelievable.
Let's not forget, both DM & AMT have very tough trading psychologies. They are consistent, hard working, and well polished in the ways of the market. They know what needs to be done and execute as prescribed. These traders have my respect- they are real professionals.
And yourself Whiskey? Will you follow in the footsteps of a super scalper, or the master swing trader?
