Archive for March, 2013

Mar
23

The Weekend Trader – The Book Reviews Are In!

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It is done.

Well, almost.

While we’re still several weeks away from the official book release of Chronicles of a Million Dollar Trader scheduled for a July 1 publishing date, the content is complete and in the hands of the final typesetting team.

I’ve said throughout this process that I wanted the book to be different. I wanted it to be candid, transparent, showing every bump, trip, and blemish … and yes, a certain level of success that took an entire life of preparation – a process of course which never ends.

I’ve also said I wanted it to be on par with the classic Reminiscences of a Stock Operator, except I wanted to go beyond it in terms of full transparency, a decade of supported records, and updated for current times & challenges.

And while time will tell whether we met such a ridiculously high standard, book feedback and reviews from some industry heavyweights suggest that perhaps we indeed meet that goal.

In coming posts, I’ll share the soon-to-be-published official book reviews from several industry leaders, including New Market Wizard and top-notch trader & educator Linda Raschke, Larry Connors (who co-wrote Street Smarts with Linda in 1996), my longtime brokers Pat Lafferty of Capital Trading Group & Steve Demarest of MB Trading, and yes, the industry’s very own white knight of the MF Global fiasco – James Koutoulas. I’ll share how each one impacted my trading life and how they fit in the puzzle that comprises my life as chronicled in the book.

I’ll start today with the review from Linda Raschke of LBRGroup, who as I mention in the book’s acknowledgment section stands at the top of the industry in terms of class, experience, candor and someone who “truly gets this business”, as well as a peer on whom I could and still lean (and vice versa) when the personal sailing waters got rough. As I said to her the other night, she has my heartfelt thanks for all of the leadership and inspiration she’s provided the industry over the years.

“Focus, tenacity, self analysis, and intensity.  Don Miller conveys the essence of trading in such a compelling and down to earth manner – the reader literally eats, sleeps and breaths Don’s moments of triumph and exhaustion.  Don clearly nails the most pertinent points in this business: add to your position when you have a strong hand, fight to dig yourself out of the inevitable abyss, and don’t trade when you are tired.  This book is what professional trading is TRULY about!”

Linda Raschke
President, LBRGroup, Inc.

Yes, we admittedly set a very high standard. Yet is there really any other way to go through life?

For as has often been said, if you aim for the stars, you might just land on the moon.

And it appears we need to start up the lunar rover.

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Mar
17

The Weekend Trader – Chronicles Book Update

Posted by: Don Miller | Comments Comments Off

The Chronicles of a Million Dollar Trader book progress continues as we work through the current-editing stage and finalize the edited manuscript, after which will come reviewing final page proofs. (And yes, that’s a pic of the stack of pages being refined.)

Trading and writing a blog (sometimes daily or multiple times a day) for four years seems simple in comparison as I could often use creative shorthand and no external editor was involved. Writing a professional edition that will forever stand the test of time is clearly another level!

For those of you who thought I had some degree of writing skill over the past 10+ years, think again as they’d likely flunk any editor’s grammar test. And then there’s the issue of the proper legal adjective(s) to define Jon Corzine!

Continued thanks to the entire team at Wiley including Laura, Judy, Tula, Alex, and Melissa for helping me through the process and ensuring the final product will due justice to its inspiration, Reminiscences of a Stock Operator. With their help, I feel confident we’ll achieve our goal of adding a unique and fresh perspective in terms of full accounting, disclosure and transparency which was less than optimal in Lefevre’s otherwise classic work.