Chronicles of a Million Dollar Trader

Trading strategies always look great on paper. But when it comes to trading in the real world, market chaos and human unpredictability often make even the best strategies seem inadequate to the task. The hard truth all traders eventually learn is that trading is far more difficult when your chips are down and the pressure is on. In the tradition of Edwin Lefvres legendary book Reminiscences of a Stock Operator, Don Millers Chronicles of a Million Dollar Trader offers an inside look at the ups and downs, failures and victories of one of the few traders to have ever earned $1 million in a calendar year by trading futures intraday. In this detailed journal, Miller lets you peek over his shoulder as he tiptoes through a minefield of potential mistakes, miscalculations, and self-defeating behaviors in search of consistent profits. Along the way, he shares trading diary excerpts from 2008 to 2012, as well as his actual performance for every futures trading day from 2004 to 2011almost 2,000 days worth of real trading results and analysis. Youll follow along as the challenge of everyday trading teaches Miller the importance of focus, motivation, controlled aggression, and just showing upespecially on those mornings hed rather sleep in. As you track his progress hour by hour and day by day through the journal, youll see how he recognizes his strengths and weaknesses, reaches or falls short of his daily goals, analyzes his results, and applies everything he learns to future trades, including valuable insights gleaned from sports, poker, and life. If youre thinking of quitting your day job to be a full-time trader, Miller offers a clear-eyed look at what youre getting into. His path to success was rocky, with ecstatic highs interspersed with intermittent setbacks. Despite his well-crafted plan, his intelligence, and his dedication, Miller began his trading career the way so many others dowith losses due to a lack of training and a poor business plan. Though he learned his lesson, ate his humble pie, and got back into the game successfully, theres no reason for you to repeat his mistakes. Chronicles of a Million Dollar Trader reveals how successful trading is about much more than reading charts, because youre not just playing the numbersyoure competing against the markets, other traders, and yourself. Much like a sport, winning is the result of good planning, practice, and execution, and if youre not on your game, then youre already on your way to losing. If youre a full-time trader, part-time trader, or just considering becoming one, this insightful, revealing look inside Millers mind offers vital lessons on how to trade like a champion.