Search results

  1. tommcginnis

    Trying to figure out best order type to use on IB

    First, throw out everything you think you know about what is going on. Erase the board and start over. Second: • bring up a BookTrader and watch it for the next 6 months, on all that you trade. Trading without BookTrader (depth of market) is suicide. • set your trade defaults to BUY =...
  2. tommcginnis

    Markets are impossible to predict

    Now THAT is truth right there.
  3. tommcginnis

    Candlestick probability

    "No big deal"?? :wtf: You just described a coin flip, and associated that with positive expectancy. That's a pretty *big* deal. :D ^^ THIS ^^ :D
  4. tommcginnis

    Top Iranian IRGC and Iraqi Military Officials Killed in Baghdad

    Because "freedom fighters" fight for freedom, while "insurgents" fight against a regime -- whether cruel or just, partisan or balanced, tyrannical or democratic, anti-private-property or pro-private property. But you knew that, 100%, before you posted the thought. o_O The shame of all this...
  5. tommcginnis

    Portfolio Margin vs SPAN Margin

    "If you have to ask," then your risk control sucks. Get it under control, and then consider PM on SPX positions. You need the straightest, most consistent margining available: • SPAN is a product right out of the bowels of Hell. • PM allows more risk where appropriate, for people who know what...
  6. tommcginnis

    Top Iranian IRGC and Iraqi Military Officials Killed in Baghdad

    Yeahhhhh. Just trotting around the globe, imposing a ideo-theological oligarchy upon the helpless masses, just to rape/pillage and leave them with nothing but school buildings and a voting franchise. Bastards. :wtf: Who needs personal Liberty when there are souls to scoop up?!?!? :confused...
  7. tommcginnis

    Top Iranian IRGC and Iraqi Military Officials Killed in Baghdad

    Top Iranian IRGC and Iraqi Military Officials Killed in Baghdad So? I am no fan of the human turd-train called Trump, but this has nothing to do with Thrump, with U.S. markets, or with ANYONE but • Iran, and • the idiot general's presence in the *very* wrong place and at *precisely* the wrong...
  8. tommcginnis

    First back testing...

    Some issues: 2) RSI (of which I'm not a fan -- have never seen it work well) has much sequential content, and therefore its direction is as much or more important than its level. So, using 'level' only is using half of the RSI's available story. o_O 3) On-Balance Volume -- how does one use that...
  9. tommcginnis

    Need Help with A simple math problem

    I would favor an output that fitted seemlessly into the analysis over one that computed its sub-part quickly. For example, if the data were directed into a chronological sequencer, I would work the calls such that date was followed by ticker. If the data were directed towards comparing...
  10. tommcginnis

    Where Does Everybody Think The Market Is Headed This Year?

    What is it about "...party doesn't matter" that you don't get? S&P Nov 17: 2600 S&P Nov 18: 2600 Return=_______________ Republicans lose House Of Representatives to that other party. S&P Nov 19: 3150 and rising..... Return=___________ Okay, so, fill out those Return numbers and get back to...
  11. tommcginnis

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

    I have used IB's TWS for a dozen years or more, and barely recognize your method. I would never tolerate the tortured procedure you use. I would suggest (again) that you watch a few IB webinars on the overall interface, and on option trading in particular, as the various methods used to (each)...
  12. tommcginnis

    Where Does Everybody Think The Market Is Headed This Year?

    To be clear, absence of a unified-majority government is bullish for the stock market -- party does not matter.
  13. tommcginnis

    "The Yawn": Trump sez he will sign China deal on ..........ZzzzZzzzzzzz

    Key Points President Donald Trump says he will sign the “phase one” trade deal with China at the White House on Jan. 15. The president says he will travel to Beijing “at a later date” to start talks toward a second part of the trade agreement...
  14. tommcginnis

    Calculating the Required Margin

    Having purchased a $110 call already, your had the call's value (at least) in your available balance already. Going forward, your question now is whether you have the balance required to purchase the $120 underlying (at your call's $110 strike), should you wish to exercise it. The required...
  15. tommcginnis

    ITM or OTM Calls?

    Make yourself a table of two stocks with which you're familiar -- one of higher volatility, one of low volatility. Start with the capital necessary to control 100 shares. If the stock gains 1%, what happens to your capital performance? If the stock loses 1%, what happens? Do the same with...
  16. tommcginnis

    Question about spread on futures options (ES vs NQ)

    A bunch of good responses here -- I'll add current volume, though, as a major cause of bid-ask spread. Look at Friday expiries versus Mon or Wed. Look at ES vs NQ vs Rus or Dow -- as traded volume goes down, bid-ask widens. So, compare a 3rd Friday ES to any Monday RUT, on a %-of-price basis...
  17. tommcginnis

    Opinions on Trading with Small Reward vs Risk Ratios

    Congratulations on your purported success. I fear for you, though -- as you appear *willfully* unaware that your exit=opposite_entry philosophy will lead you to financial ruin if you continue to follow its accidental, near-spurious success too far. The "test" which you think your system has...
  18. tommcginnis

    Opinions on Trading with Small Reward vs Risk Ratios

    Having worked out a nest of systems to trade trends over the past 2+ years (having migrated bread&butter trades from vertical options spreads), I'll note two mistakes here: • A trade exit signal is absolutely NOT a signal to enter a trade in the opposite direction. My own aphorism is "Enter on a...
Back
Top