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  1. tommcginnis

    Whats with the mini crash today?

    Couldn't stay below 3350 on the 1hr over the past 10 days... smells of "profit-taking"...
  2. tommcginnis

    ¿how can one deal with incomplete option chains?

    Errrrmagerd! Looks like manure! SMELLS like manure! Then it goes through curious efforts to tell others to "ignore"... Oh, Irony! Heya, Gutless! Still haven't found enough of your manhood to post under you own name, eh? ET has been civil and constructive in your absence -- can't have that...
  3. tommcginnis

    The Financial Transaction Tax and Disappearing Day Traders

    Who's the "they" of which you speak? Do you mean the fine sheeple who paid mutual funds 1%+ of their assets annually, regardless of actual returns? Those "they"?? :rolleyes:
  4. tommcginnis

    ¿how can one deal with incomplete option chains?

    Even if you *found* a 0-miles perfect condition (grande concourse) Delorian AT A 'FAIR' PRICE, would you want to buy it? If you just wanted to drive the car, then Yes! And you'd do backflips at your outrageous luck. But if you wished to *collect* the car? That's harder -- you'd have to be...
  5. tommcginnis

    Any real reasons left to go with a desktop / tower over a laptop? (Faster / more powerful perhaps?)

    The last time I caused my laptop to snap/quit from thermal overload? Last night. :confused: My fault, of course -- *I* blocked the fans and in-flow and out-flow. :( Still, I resent evaluating my next laptop on the basis of where THE VENTS are. :banghead:
  6. tommcginnis

    Any real reasons left to go with a desktop / tower over a laptop? (Faster / more powerful perhaps?)

    Advantage of a desktop? Cool running. Reliable performance over time. Easy physical upgrade. Economical upgrades cost. Broader upgrade choices. Easier visual/physical layout. In posting all of that, I think I have merely summarized the thread -- nothing terribly new. A laptop can capture...
  7. tommcginnis

    What do option traders see?

    Usually, we think of volatility in endogenous terms -- economic potentialities that affect market values. But for 2020, the Real World comes sliding in -- riding the U.S. election cycle with events that (for good or ill) are spun as directly relevant, if not exactly "economic" -- the exogenous...
  8. tommcginnis

    The Financial Transaction Tax and Disappearing Day Traders

    OMG -- that's already 4 years old! Wow how time flies......
  9. tommcginnis

    The real reason Mike Bloomberg wants to be the President

    The author conflates "deferring taxation" with avoiding taxation. They're kinda different. :confused::rolleyes::p
  10. tommcginnis

    Same data, different platforms, different charts/indicators

    Not able to say, since you've got the different operators. As well, you're looking at every 15 seconds? That's not going to produce sound results anyway, unless both data sources accepted exactly the same data (dark pools, reconciliations, trades called back, etc). You'd be better looking for...
  11. tommcginnis

    One operation every day

    To be clear, this is "one trade per day" based on the opening -- that would scare me away. Outside of OTM credit spreads, I am focused on *about* one trade per day, from trading signals coming *about* every three days. Sleep is MUCH better, and dammit, so are the returns. (Much reduced variance.)
  12. tommcginnis

    The economics of pawn shops

    Had my eye on a Mosin Nagant 91/30 about a decade ago -- and before the explosion in their prices. Still, this one was cherry -- matching numbers, *nice* action, and beautiful furniture. For $71. But I was hunting for a crappy lawnmower [rental-bound/theft-likely], and needed to keep on...
  13. tommcginnis

    I don't understand this options

    ...and in the meantime, the bid-ask spread in those things is going to be very very wide, while the traffic in them is going to be very very low -- so assuming that you get hit anywhere near your target is pretty foolhardy: spread and commissions will put you *dollars* underwater. met1989, if...
  14. tommcginnis

    IB option traders wanting improvements in the 'strategy builder' and software?

    There are 3-4 different ways to enter option trades in IB's TWS, including at least two in strategybuilder. If you can't figure out how to get that done efficiently, mebbe IB doesn't want you. When was the last time you watch an IB How To video? Ever? Even those don't always cover all methods...
  15. tommcginnis

    Online Trading Academy Sued by FTC

    As a long-time non-fan of "OTA", and am amazed that it took this long for the FTC to lasso them. It also reminds me of Al Capone -- caught not for running liquor, but for tax fraud: how does the OTA hang themselves? Through a phony theory? Nope: through "misleading claims of financial success"...
  16. tommcginnis

    Identifying trend

    No, it is not sound logic; your logic is tautological.
  17. tommcginnis

    Identifying trend

    A market "trend" is a human construct that is only available post hoc and as defined. Trends do not exist outside of this construct -- has you have shown in your posted charts. The magic word here is pareidolia -- or making a resurgence, apophenia. There are some great sites/studies around on...
  18. tommcginnis

    What are some Basic Strategies that have Worked for You?

    • Know your (market's) risk graph/expectation • Choose your strategy ("use of options") to match that expectation • having planned your trade, then trade your plan. https://www.elitetrader.com/et/threads/5-basics-of-options-in-5-minutes.330524/#post-4818371 That's it! :D
  19. tommcginnis

    Just want to vent about a trade

    An ATR will show you when the market is undergoing more chop than your general trading anticipates (or, *requires*). Before I learned this, a too-quiet market (or a too-choppy) market would *kill* me, because learning to S.O.H. (sit on hands) was too hard. Put up an ATR, evaluate the look-back...
  20. tommcginnis

    Iceberg orders with IB

    It's like worrying about the angle of a rear spoiler on a front-wheel-drive car that you intend to drive sportingly: you've got other *much* more important things to worry about, in order to stay safe. Spending your time inappropriately will get you killed.
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