TraderInterviews.com: Hello everybody and welcome back to TraderInterviews.com. Thanks very much for joining us for another show. Our guest today is Don Miller. We interviewed him a few years ago - maybe two or three years ago - about his trading styles and strategies. We're going to get an update from him about what he is doing in the markets as a trader and also, he's got a blog that he shares his thoughts on as well. So Don thanks very much for joining us.
Don Miller: You're very welcome. Glad to be here.
TraderInterviews.com: Well, for those who don't know you or aren't familiar with you, talk about your background and how you got into trading in the first place?
Don Miller: Well, I've been trading about a decade. I became a member of the Chicago Mercantile Exchange back in 2004 and that was a point in my trading career where I'd really made the full transition from equities to exchange traded funds and finally the futures. Since 2004 I've reall been focused one hundred percent on trading the future so mostly online trading the S&P E-mini. I do a little bit of work with the German DAX and some of the European indices but pretty much my bread and butter is the S&Ps. I do everything from provide market liquidity to short-term speculation based on certain opportunities that I might see.
TraderInterviews.com: We've heard that term a lot and I usually ask for the newer folks when you say "provide liquidity" for the markets what exactly do you mean?
Don Miller: Well, essentially what I'm looking to do is enter at what I would call a "wholesale price" and exit at the "retail price" and that may mean taking everything from a pull back on an uptrend or a downtrend and entering and exiting as the trend continues. I'm usually buying on a bid or selling on the ask either right at the inside market or once the market starts moving - and in doing so...
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