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.

Easter Sunday Post

By Don Miller · Comments Comments Off

Thank you God for the day that forever changed history and humankind.

Thank you for those who witnessed, documented, and testified to the event (the most documented event in all of history), many of whom gave of their own lives to spread the truth to what can often be a secular, doubtful world.

Thank you for the opportunity to continue to spread the news.

He is risen and lives today!

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Welcome to our new broadcast studio & format as we continue to ramp up the intensity on all fronts.

Some may note that the format reflects some of the very roots of this blog, yet uses new studio technology to inject increased emphasis.

In today’s video – which I frankly consider to one of the most important ones I’ve ever done – we discuss the “last man standing” concept of trader perseverance, current personal trading performance, and bucking the masses.  We also also address all traders – including  Jellie Trading Team #11 – as we embark on a new industry era.

And yes, as the title refers to, I am not at all satisfied with the 46-Day 80% return due to far too many mistakes.

Yet most importantly, we try to place all of these goals and accomplishments in their proper perspective.

BE that last man (or woman) standing!

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The Weekend Trader – Caged No Longer

By Don Miller · Comments Comments Off

It’s back.

All of it.

The passion, desire, and most of all … hunger … has returned.

It’s taken a while … a long while … yet I can truly say that for the first time in the post-MF Global/Book Authoring/Jellyfish Training era, my desire to climb the next mountain has returned.

Many will recall I had a similar feeling in 2007 when I was so frustrated with my lack of focus that I went completely off the grid to re-tool and re-focus, before beginning to publicly bare my trading soul on a daily basis … an effort which began completely as one of personal accountability, before it took on a life of its own.

If we were to use our crazy old movie analogies in our former blog life, we might call it Back to the Future … or is it Back to the Futures?

OK, the wit may have aged, the jokes less funny (assuming they ever were), and I may not be as quick and agile on the keyboard as I was when I was a spry 47.

Yet as I approach 53 in just a few short weeks, I feel as vibrant and alive as ever.

Frankly, I feel as I’ve been thwarted at every turn over the past few years, as if being the main character in the world’s “Whack-a-Mole” game.  Or perhaps a contestant in the world’s real-life game of Survivor.

You see, it was 40 months ago – almost to the day – when I wrote the Catching the Rabbit post that was as popular as any I’d written to that time. We’ll get back to the interesting “40″ number in a bit. And frankly, since then it seems as if I’ve been on one long journey of trial, temptation, and tribulation that included momentarily losing access to my entire $3.0 million trading balance, a few health nuisances, loss of my dad & moving my mom, and so much more including a complete loss of passion for this business.

Oh, I tried various things to reignite that passion, including launching the Jellie program, finally accepting Wiley’s repeated requests to write Chronicles, do a few speaking engagements, and much more. And while these efforts were very well-received and I derived some personal satisfaction from each, they were energy-consuming and emotional-draining to a far greater extent than I first realized. Add life’s events to the mix, and you get the picture.

Oh, I traded … every day and on top of all other business concerns. Yet too often it was going through the motions in a laissez-faire “big whoop” manner.

Feel like sleeping in past 5am to miss THE most fertile, pure, and cleanest trading timeframe in place today with no U.S. session “cowboy” market rhythms? No problem, you’ve earned it Don. And you wonder why you end up in subsequent scamper mode??

I’ve often said there’s a razor thin line between sloppy mediocrity and astounding success.  I know, for I’ve been on both sides, and too often my trading has leaned to the sloppy side.

And as I picked up the pace on the spiritual side, the conflicts and performance got even worse.

Remember my April 2010 Emmaus post where I discussed my personal spiritual battle and re-centering? Including the feeling of being caged? Well, in hindsight, I’ve felt a bit caged since that day as that awakening weekend seemed to tick off our enemy to no end, and he’s been relentlessly after me ever since.  And of course the more I got involved with Emmaus and our local Alpha program in various leadership capacities, the more roadblocks were set in my path such that I was always unavailable or distracted during optimal and fertile trading periods.

Yet that was then.

And so here I stand – 40 months later – feeling freer than free and as if I’ve just been let out of a cage.  My trading capital has been fully restored and is now once-again consolidated such that I can trade the full balance in a focused manner, I’m reading the market as well as I ever have, and have a renewed vision, desire, and energy level that has been 40 months in the making.

And if the number 40 sounds familiar in terms of personal testing, just Google it and you’ll find the examples plentiful and the parallels uncanny.

It was once said that if you put an eagle in a cage, it would eventually bite through the bars whether they’re of iron or gold.

Well, it’s taken me 40 months.

But I’ve bitten through them and am ready to fly.

Let’s see how far these wings can take me … and us.

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My fishing game of catch and release begins. For in the end, we all must release it.

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Special Post: Trade and Soar Like an Eagle

By Don Miller · Comments Comments Off

A farmer once took an egg from an eagle’s nest.  He took it home and placed it under one of his hens and it hatched with a little brood of chickens.  The farmer raised the bird with great patience and attempted to tame him.  As the eagle grew, he realized something seemed to be wrong deep inside of him.  Even though he had never known any other existence but life in the chicken yard, it just did not feel like home to him.  He wanted to leave the chicken yard and take to the skies.  He even tried to do so, and the farmer finally had to clip the eagle’s wings to keep him from flying away.

Since the eagle could not fly, he just sat in the chicken yard looking up at the sky.  One day a storm began to brew, the sky grew dark, and all the barnyard animals scurried around for cover; the chickens were terribly frightened, as chickens are prone to be.  The eagle sat watching the scene in front of him, realizing the storm did not frighten him in the least.

At that moment, he could not help but stretch out his wings, and as he did, he noticed that the farmer had failed to keep them clipped.  Suddenly, his eye caught sight of a great eagle riding the wind above him, his wings outstretched in majestic form.

The eagle that was raised as a chicken looked again at the chickens scurrying around frantically, then returned his gaze to the eagle soaring peacefully above him, then looked back at the chickens and then up at the eagle again.  He heard the eagle let out an awesome, piercing cry.  In that instant, he knew he had to get out of that chicken yard!  A mighty gust of wind swept beneath his outstretched wings and lifted him into the air. With a shrill scream of victory and freedom, he left the barnyard forever.

”Don’t Give Up by Joyce Meyer”

Folks, this passage – while meant to guide Christians – has so many profound trading analogies, I had to post it.

Ask yourself:  Are you a chicken trader … OR an eagle trader?

Do others want to cut your ambitions short?

Have others (Farmer Corzine for many) clipped your wings?

Have you forgotten that you ARE an eagle?

Do critics not know how to fly and thus tell you it’s impossible and that you’re simply a chicken?

Some have asked why I’m stepping up sizes to 400 lot trades, why I’ve begun a trader comic strip to further reignite my passion, why I’m going somewhat off the grid, and why I’m looking to partner with someone who is doing similar.

Let me put it this way.

If you’re looking for me these days, look hard and look up … because the breaking news is I’ve just left the barnyard and am soaring with other Eagles.

Thank you Bill Dykstra for reminding me who I am, and in Whose nest I belong.

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As my fund ramps up and search for a large size trading partner begins …

View all issues of Miller’s Trading Chronicles here.

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It’s been a while since we’ve done this, so let’s take a look at today’s trade plots with zero commentary so you can try to determine trade premises, what worked well, what stunk it up, where losses were nipped, and where gains were pushed. (Hint, have your hourly chart handy as well.)

Some find this more helpful than the actual commentary, since it … ummm … forces you to think!

The chart is a 5-minute chart of ES (click to enlarge), courtesy of FuturePath Trading’s Photon platform, and the sequence I’d like you to really think about is the very last batch on the far right. (Oh, and see if you can find the three sequences that were losers and required stops and the two mini-outliers that more than paid for them.)

We’ll discuss more via Twitter at @millerdon.

And here are some of our past archives with notes.

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