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  1. tommcginnis

    Why Technical Trading Signals Stopped Working

    Great post -- about a great method from a fine author -- howsomeever, my post was sardonic, perhaps hoping to key in the OP the idea of an Average True Range computation. {cue Mr. Wrye Sardonici icon...) ":rolleyes:"
  2. tommcginnis

    Opinions on Trading with Small Reward vs Risk Ratios

    1) Maximum Adverse Excursion is somewhat more important than the very-interrelated Number Of Consecutive Losses: MAE puts a dollar figure on it. Similarly, 2) Expectancy is where the forward-looking reward|risk meets the impact-on-the-account-balance reality. Your thread title mentions...
  3. tommcginnis

    Why doesn't this put (or call I guess) selling strategy work every time?

    Why doesn't this put (or call I guess) selling strategy work every time? It *doesn't* work: extrinsic value versus intrinsic value... Your example conflats math-at-expiry with initial conditions, and that just can't happen. • If you sold an ATM put for $2 on a $10 stock, there is (by...
  4. tommcginnis

    Delta hedging questions

    "Capture IV"?? MMs create IV, strike by strike, by virtue of their choice as to where they price their options.
  5. tommcginnis

    Windows 7

  6. tommcginnis

    Trade small account with small drawdowns to find investors

    Possible ET POST OF THE YEAR, 2019 candidate: What information does Technical analysis tell you ?
  7. tommcginnis

    Why do IB spread charts not show the high and low tails?

    If there is little traffic, there may not be sufficient quotes. I suspect if you attempt the same chart with a 1-hour candle, you'd have no issue. And if you attempt it with a 10-minute candle, you'd have much less issue. If you are using a high or low or difference in your trading, then you...
  8. tommcginnis

    Using Options To Protect a Large Portfolio

    You want portfolio insurance? That's what options *are*. But if your account is in cash, then you are already insured against anything but inflation. Regardless, you express a wish to "participate" -- that is an easy one. While I agree with the dollar-cost averaging observations made thus far...
  9. tommcginnis

    What information does Technical analysis tell you ?

    T/A provides a number that summarizes either of price, volume, or both, for the market under evaluation, according to the user-specified parameter choices. However, the question you pose expects an interpretation, not an empirical summary. No can do.
  10. tommcginnis

    Where I'm at

    You've missed bunches. • Trading the e-mini futures is essentially an index of the commodity or the formally-declared index on which the future contract is based. I.E., trading the ES is trading the S&P500. • The only indicators that ever get 'miss-matched' are those with a volume content...
  11. tommcginnis

    What is the most influential technical tool from the following list

    Exactly. My *poorly* worded comment was directed at those who choose two widely-space price points, draw a connecting line, and declare, "Look! TRUTH! A Trend Line has been birthed!" I prefer something with jussssssst a bit more substance -- like the Channels derived from Envelopes, or Boll...
  12. tommcginnis

    Dual System case - options masters, please advise

    Grade your System A trades by the length of time held: there is an easy cure waiting for you there.
  13. tommcginnis

    What is the most influential technical tool from the following list

    On a scale of 1 (lowest) to 10 (highest) "2" Pivots -- accidents with no empirical value. "9" Moving Averages -- there is almost nothing useful that does not contain a moving average "7" Channels -- applied "Reversion-To-Mean" -- nice while it works... "2" Trendlines -- I would rely upon Moving...
  14. tommcginnis

    So, what am I missing ?

    What you are missing is the size of the trader. You, me, anyone on ET, can enter/exit an entire position and *rarely* have to worry about bringing down the market with selling pressure, or *creating* a surge in price by trying to buy in. What you are missing is the size of those who might need...
  15. tommcginnis

    Best Instruments for Hedging Short Vol

    This would place him in a vewy, vewy, bahdddddd position, whight? :confused:=;););) :rolleyes: :D
  16. tommcginnis

    K, I think I just figured out how to get almost GUARANTEED edge...

    So, you're going to use puts almost like a "portfolio insurance"? And but the "cheap" ones? When they're cheap, they're cheap for a reason. For that *same* reason, they will be expensive when you want them, and will be worthless when they will no longer do you any good. Just as they are now...
  17. tommcginnis

    best type of orders?

    Personally, I stopped trading markets like you describe many years ago. No reason to walk in like The Black Knight, crying "Whut! It's jus' a *flesh* wound!" and then expect to make a profit.
  18. tommcginnis

    Analogies for extrinsic value.

    douchebaggio writes: "...McG is retarded. You're doing yourself a disservice by not blocking him." Hey! Dickless! Still lacking the personal testes to publish under your own name, are you? Ironic that you'd recommend "blocking" when you yourself spend so much time maneuvering around to write...
  19. tommcginnis

    Are You a Parasite?

    Wrong, and wrong. Nothing added?? "Trading" is like cash money: it helps move value along. If you don't find value in that, try to live in a barter society. Walk up with your prize pig to a McDonald's window, and ask for one of those yummy yummy Vanilla milkshakes. When they object, remind them...
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