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  1. tommcginnis

    How to start a Hedge fund?

    "OMG." I had to see it to believe it. (And now I've seen it.) Wow. I can't even muster a reply to the guy. Color me :D:rolleyes:.....
  2. tommcginnis

    How are my orders getting jumped in the queue at a given Limit price?

    My long-held* understanding matches yours. *But hell, there's so much unspoken esoterica out there, and by the time you decide to memorize it, a little-covered press release from The Powers That Be has changed all the rules, aaaaaaaaa-again.
  3. tommcginnis

    Whats a good platform and data feed to go with IB for day trading stocks?

    THAT IS GROSS! I am a recovering audiophile, amongst other claims, and used to make/sell my own hoighty-toighty cables. And I'll tell you that cables/connections make a HUGE difference. Their local node might be giving you 75Mbps right now, and you'd never know it cuz of all the leakage in the...
  4. tommcginnis

    How to start a Hedge fund?

    Two necessaries in starting a fund -- 1) as mentioned above, a fine-ass record. (Or, the promise of a reasonable expectation of sometimes a profitable period of some indeterminable duration...) 2) depending on your local jurisdiction: http://www.ebay.com/bhp/series-65-exam Snag one of those 65...
  5. tommcginnis

    Whats a good platform and data feed to go with IB for day trading stocks?

    Dude! You need to rattle somebody's cage. After 5?? years of pretty steady performance that SO outshined AT&T DSL before them, Bright House (now owned by Spectrum) gave *crap* performance every 3-4 days, between 3pm-5pm ET. As you can imagine, that was not cool. Bright House denied any node- or...
  6. tommcginnis

    Whats a good platform and data feed to go with IB for day trading stocks?

    Not to be a pill or anything, but have you confirmed the source of the freeze? You haven't mentioned anything. For myself, I bring up Task Manager multiple times a day, to monitor what programs are consuming what resources; I bring up these guys http://www.speedtest.net/ probably once a week --...
  7. tommcginnis

    es future options

    http://www.optionseducation.org/documents/literature/files/understanding-profit-loss-graphs.pdf You need to draw this out. ASAP.
  8. tommcginnis

    Hedge Funds

    Just as a warning, but usually the first person to distinguish "economic" from "accounting" profit is going to have the best argument. Jus...... jus... jus sayin'.......
  9. tommcginnis

    es future options

    I don't think any of us wanted to go there. Hooo boy. Without putting any thought into it, "Sell a nearby put and roll that puppy forward, nibbling away with put premium til you're out" comes to mind.....
  10. tommcginnis

    Lack of volatility in ES getting brutal

    Oh, it's got a pulse, alright! I've got a big analysis spreadsheet to which I off-load data, run it around a bit, and out pops the trading tools that allow me to look out at a broad market, with a single sheet of paper. Yay, me. But that spreadsheet data has been, in the last two weeks...
  11. tommcginnis

    Lack of volatility in ES getting brutal

    [LOL] Ain't that the truth! You guys that "scalp" in trades that go multiple hours?!? Sheeeee-it! After an hour, I used to call myself "an investor." I just could not (*can*not) even *conceive* of trading like that. I'd blow lunch first, and then the account. No doubt. {Burp.}
  12. tommcginnis

    es future options

    Plant a butterfly on top of it. -- Minimal cost. -- LOTS of flexibility afforded. Sell it off or build it out as your (further, calmed, clarified) mind dictates. But remember -- as an option seller, the battle you face is δ + v ≈ Θ and when δ and/or v ≥ than that oh-so-reliable tick...
  13. tommcginnis

    Lack of volatility in ES getting brutal

    If you're work ethic demands you trade, but your eyeballs tell you that conditions stink, then you've got a conflict. An ATR on-screen can help resolve that conflict, as an empirical, historically-based, totally objective, non-brain-burdening tool. I HATE sitting on my hands. But with an ATR...
  14. tommcginnis

    What is the best demo stock trading platform?

    CNBC website -- free, available anywhere, *and* always has news. Nearly _nothing_ to learn. Takes 5 minutes to be up&running. I used it for several college classes, among students with no computer or econ/finance knowledge. A hoot to see the lights go on.....
  15. tommcginnis

    Lack of volatility in ES getting brutal

    Back when I was a tick-scalper (like you, ending up in ES as a bread&butter deal), I used an ATR with two look-backs [or, more accurately, *two* ATRs....], and just learned to sit-on-hands when things got near 0.50 on a 1-minute chart. Actually learned to take Lunch that way. And afforded myself...
  16. tommcginnis

    Entering on down candles

    Sure as 'ell beats entering on an 18-tick greenie..... "Well! Ain't you a talllll drink o' water!"
  17. tommcginnis

    What should newbies focus on?

    What should newbs focus on? 1) KEEP YOUR CAPITAL. Until you understand "One-third down is half-way back," do not trade. 2) THE MARKET IS REALITY. Look at the overlay your culture/sociological niche provides: is it as THIN as you can divine? The market cares not, what kind of car you drive...
  18. tommcginnis

    The art of adjustment

    Topping markets suck for selling top-side options, don't they? The BWB is *very* hard to write then, because there is basically nothing close in, and only really lean stuff farther and farther out. (A BWB in the SPX/ES will move you ~3 strikes closer to the market, for the same premium and/or...
  19. tommcginnis

    Are Standard Deviation based stops, one of the best stops?

    There is nothing either esoteric or limiting about IB's calculation of historic volatility. Volatility *is* a single standard deviation. What is commonly conflated is that volatility is stock price movement computed in percentage-change terms, instead of price-change terms. But this is only...
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