In the continuing win-win spirit of educating traders at minimal cost and continuing our support of charities, readers of Chronicles of a Million Dollar Trader can receive $250 off the timeless Jellie Webinar Series, while benefiting needy children via World Vision.

Today’s video reminds us of the need to manage our finite amount of human capital (as much or more so than our trading capital!), as well as the need to optimize our trading results and how social media and our ego can help or detract from this effort.

Enjoy and have a restful weekend.

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Feb
22

My Favorite Trading (& Life) Motivational Tunes

By Don Miller · Comments Comments Off

We all have our favorite motivational tunes … here are my three favorites that help get the life and trading juices flowing at this end, with their corresponding videos.

I could – and have – watched these hundreds of times.

You Haven’t Seen the Last of Me – Cher
When the market humbles you and you need that encouragement to take the next step.  One of my favs as I re-enter the blogging & Twitter “spheres” with energy. Cher also reminds us we can get better with age!

The Glorious Unfolding – Steven Curtis Chapman
When you need to look to the unseen future … in your trade sequence, trading career, or life … with obvious larger overtones.

100 Years – Five For Fighting
My daily theme played every morning during the 2008-09 $1.6 million run.

Categories : Motivational
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Today’s video discusses why today’s market action was different and highly predictable, as well as my current Twitter objective and mission.

Key Friday tweets are also posted below.

Have a great weekend!

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Feb
16

Update: Twitter #JellieTrades Tagging

By Don Miller · Comments Comments Off

After thinking over this weekend’s video and our experiment to begin tagging Jellie-related trading tweets with #jellietrades, I thought it would be helpful to frame the effort a bit by laying out some groundwork.

So here are my thoughts as we head into the week.

Tagging Objectives

1. To supplement other reputable planning services or tweets – which primarily focus on planning at the beginning or end of the U.S. session – with evolving observations before they occur or as they begin to evolve.

2. To provide an outlet to strengthen trader awareness of the need to plan, anticipate, and effectively execute high probability opportunities.

3. To enhance a virtual trading community where past Jellie participants (who may have participated live or via the continuously-available webinars) can leverage off each other and take advantage of the mastermind principle, and where non-Jellie traders can observe and learn. Iron sharpens iron.

Tagging Benefits

1. It’s Free. Yes, you often get what you pay for, yet by using some of the auto-streaming and filtering techniques available on platforms such as TweetDeck, you can create an effective virtual trading team by including or excluding specific individuals.

2. No chat room infrastructure required. Frankly, chat rooms in my view are to trading what DOS is to the PC … old school.

3. Avoids the “U.S. day session only” trader trap by allowing for 24 x 7 participation and observation. As many know, most of the cleanest trade set-ups and triggers now occur well outside of U.S. regular session hours.

4. Provides a sense of camaraderie in what can be a very lonely business for those trading alone.

5. Increase trader confidence when you see other similar-minded traders seeing what you see.

6. Help you get into the flow of the market if you’ve stepped away for a brief or extended time.

Tagging Guidelines

1. Posts should be limited to derivatives of the S&P 500, including ES futures and the Exchange Traded Funds such as SPY, SSO, and SPXU.

2. Posts should be primarily related to narrating to the anticipation of Jellie market patterns, technical observations, time of day, or trading set-ups.  Note the bold use of “anticipation”. Acceptable comments could include: “3rd push on ES approaching”, “2095 was 3rd push on ES”, “watch for possible break from low 5 min ADX”, “looking for MATD 1st support 2088″, “Watching for F6 turn”, or posts with similar content or intent. Using our age-old hockey analogy, the idea is to provide a heads-up as to where the puck is going to be, versus where it is or has been.

3. Posting of trade entries, exits, and/or targets are completely optional and up to trader discretion.  If you do post entries, please don’t post any exits unless you’ve previously narrated to the setup.

4. To minimize unnecessary noise, please don’t repost the same observation if someone else has already posted the same observation.

5. Please don’t post any fictional and/or after the fact genius posts, and feel free to filter out those who do.

6. Use Jellie acronyms and shorthand whenever possible.

7. If posting or following tagged items in any way decreases trader focus, productivity, or profitability, stop doing it.  Case in point, if you have to choose between focusing and effectively managing a sequence vs. telling the world about it … duhhhh!

OK, so those are some initial thoughts. Clearly, we’re also looking to a bit of an honor system to self monitor and adjust should this evolve into more than just a crazy initial experiment.  I’m keenly aware of the benefits, challenges, and pitfalls associated with any group trading dynamic in what is largely an individual sport, and – in this case – an open platform with the full spectrum of professional and not-so-much traders, so we’ll see where this lands based on your feedback.

It’s also probably a good time to remind ourselves of the risks associated with investing or trading, keeping in mind this effort is strictly social networking and not a service offered by me or my education business.

As to my own posting activity, please keep in mind I have multiple business efforts and time commitments over the course of the week, and those businesses – including my trading – come first as should be the case for all. As such, I may post and/or tag frequently or infrequently based on market conditions and other obligations.

Lastly, as with anything we’ve done over the past 15+ years, this is about traders helping other traders. If it works and helps, great.  If not, no biggie and we move on.

Feel free to send any comments, suggestions, or feedback to me at don@donmillereducation.com, and have a great week.

Categories : #JellieTrades
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Today’s video encourages all of us to expose our true iceberg in life and trading, including reference to a very helpful “Thinking Big” site I recently stumbled across.

I also introduce the #JellieTrades experiment on Twitter to reinforce the live planning and management of key Jellie trade sequences (following the Jellie methodology) for any vehicle that tracks the S&P 500 including ES Futures or SPY/SSO/SPXU ETFs.

Finally, a welcome to all new visitors to the site.  May all your Bamboo Trees grow tall and multiply.

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Feb
11

Special Post – The Competitor’s Creed

By Don Miller · Comments Comments Off

As the Super Bowl was approaching this year, I came across an incredibly inspiring ESPN article describing the impact the Patriots’ chaplain Jack Easterby has had on various teams and athletes. At my end, the article struck this trader like a 2×4 struck aside my head.

Particularly, the article contains the following “Competitor’s Creed” that I’ve tried to begin incorporating into my everyday life and trading business.

I am a Competitor now and forever. I am made to strive, to strain, to stretch and to succeed in the arena of competition. … My attitude on and off the field is above reproach, my conduct beyond criticism. Whether I am preparing, practicing or playing, I submit to God’s authority and those He has put over me. I respect my coaches, officials, teammates and competitors out of respect for the Lord. - New England Patriots Chaplain Jack Easterby

Frankly, my first reaction to this stellar piece was along the lines of … “Oh my goodness, there’s too much I need to do in all of these areas and so little time.” For as we all know, trading, investing, or however you want to define the task of increasing value, is an extremely competitive endeavor that can often drown out core fundamental values. And that’s a line that can too easily be crossed … a razor thin line that we’ve all likely found ourselves on one side or the other.

A similar, more expanded version can also be found on site of the Fellowship of Christian Athletes.

As noted in the header of this blog, I’ve always said that the cornerstone mission of this blog, the book, and my general industry voice since the 1990s is about full transparency in an industry that is too often cloaked by smoke and mirrors … meaning transparency into the industry’s inner workings, as well as this trader’s life, trades, shortcomings, strengths, etc.  Yet to this day, even as I rapidly approach my 54th birthday in just a few weeks, I feel I’ve only scratched the surface in accomplishing that goal, as well as narrowing the list of my own human shortcomings.

As I mentioned in the Acknowledgment section of Chronicles (page xv), I consider myself to be a “forever bumbling, stumbling, always-battling-with-his-own-humanity, too-much-left-to-work on Christian”.

At least the Creed can provide a roadmap of sorts as we continue our respective journeys.

I hope you find it equally helpful and inspiring.

Have a pleasant evening.

Categories : Motivational
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Today’s video discusses key takeaways from last week’s Jellie trader training team’s effort such that all can benefit, including reviewing the timeless takeaways from the beta team which I encourage all to revisit.

Other topics include black swans including late Wednesday’s Greece-influenced move, trading lessons from the Super Bowl, and most importantly (toward the end of the segment), striving to lift everyone up in trading and life.

My continued heartfelt thanks to all looking over my shoulder last week – as well as to those viewing these videos each week – for your trust and feedback as we continue our mission of iron sharpening iron.

Enjoy the rest of your weekend and have a great trading week!

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Today’s video discusses setting yourself apart from the masses and aligning yourself with the small majority of traders who consistently succeed. Do what others can’t, won’t, or are unable to do!

I’ve also posted Friday’s live tweet sequence below to recap what was a very fun & profitable day (read from the bottom up).

Have a great trading week!

Categories : The Weekend Trader
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