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  1. tommcginnis

    Why 360 and not 365?

    "MONTHLY?" My favorite is the number of weeks in a month: "Well! Just multiply by 4!" No. There are 4.3333 weeks in the average month, so a weekly paycheck gets reduced when figuring monthly income; weekly-paid costs get reduced when figuring month totals...
  2. tommcginnis

    Are You a Parasite?

    You've never heard of The Invisible Hand, have you. :wtf: That's your assignment. "Capital Mobility"; Friedrich von Hayek; Adam freeking Smith.
  3. tommcginnis

    Analogies for extrinsic value.

    Property and weather are two of my favs -- but in your case, Banjo, it gives you a chance to bring in Trading Places -- HA! What a great movie.... :D I'm always punctuating the air with graphs and "above the market" and "below the market" and market movements and {bringing arms wide} "time...
  4. tommcginnis

    Analogies for extrinsic value.

    Why not just "time"? INtrinsic -- 'that wholly contained' -- the diff between MKT and strike| given ITM. EXtrinsic -- 'that imposed from without' -- $0 as time goes to zero, but greater and greater as time [horizon] goes out, or volatility [jump/drop] expectation goes up. So, Extrinsic is...
  5. tommcginnis

    Are You a Parasite?

    Sorry silvercoin, but your ability to google does not beat economic logic. And the author should know that plagiarizing himself does not lend credibility. Price discovery works as well going down as going up. Arguing about who was first out and who was left holding the bag is arguing against...
  6. tommcginnis

    Are You a Parasite?

    Astoundingly silly and faulted analysis. The passive investor brings just the very sort of value-signalling for which the active investors prays. (Or even, "preys.") I hate when idiots think they're cute economists. They're not cute. They're idiots. :mad:
  7. tommcginnis

    What was the big story in economics over the last decade?

    Well, spit-balling some numbers.... • Natural Gas -- everyone uses energy, and natural gas' growth from limited-use to base-load consumption poses great benefits. We are one of the most energy-intensive economies on Earth. If we cut our *total* energy expenditures by a third, how much would that...
  8. tommcginnis

    Guppy Multiple MA indicator

    You are a good man. :D
  9. tommcginnis

    What was the big story in economics over the last decade?

    A stunning lack of perspective -- and shocking that it comes from Brookings. :(:(:( In what hole-in-the-ground have these people been hiding? Natural Gas? Death-of-coal? China? South China Sea? (Chinese Navy?!?) China Silk Road? China Trade? Russian Kleptocracy? Russian economic shrinkage...
  10. tommcginnis

    Holding Deep ITM Calls, What To Do Next?

    The ONLY thing that matters is what YOU expect to happen, going forward. Up? Down? Sideways? (Or more particularly [as the asset is a long call], Up? Up greater than theta-burn or vol deflation?) The question is NOT what happens to BMY -- the question is what happens to Jan'21 BMY $40? (Thus...
  11. tommcginnis

    Open Interest/Volume

    Y'know that olde aphorism about the blind wise men all describing an elephant by what they happen to be touching at the time? What if it were a *herd* of elephants? "Open Interest" is meaningless. (Nearly.) If you want to discern something of value, then chart it by strike and by expiration...
  12. tommcginnis

    Holding Deep ITM Calls, What To Do Next?

    I would suggest posing 3 questions, three times: What if the stock goes to $80? What if the stock goes to $65? What if the stock goes to $50? I would pose that question "immediately", and 9 months out, and "at expiration." Those 9 answers will steer through a lot of fog. (And BTW, those...
  13. tommcginnis

    Seeking countertrend indicator to go with my trendline

    Cart & Horse going on here. Fix your math comprehension first, then go back over your (longer-term) channel model, *then* look for something that fills whatever methodological void you divine at that point. To chart-hop at this point, grabbing the next "Red & Green Arrows!" indicator that comes...
  14. tommcginnis

    can anybody sue trump over his manipulation over the market?

    Nah. Not here. You forget The Three Stages of TrumPidiot Reaction (to perceived attack) 1) Deny deny deny. 2) Disparage the source. 3) Double-down: Wear the accusation as a cloak of honor: "Well of course I/we manipulate the market -- who in their right mind wouldn't??? You all just lack the...
  15. tommcginnis

    Desktop portfolio tracker

    From where is this "very simple" app getting its signal? If it's from your live account, it will need to carry 100% of the security concerns that follow that platform. If it's from an unrelated proxy (Yahoo!Finance or Google), then it likely exists now. But the upkeep would be a pain. (IMO.)...
  16. tommcginnis

    How best to avoid slippage when automating?

    Yes: don't even go near the market unless it is giving you a satisfactory range in which to trade. If you can't trade a flat market, STFOut. For example, for the ES -- if you're shooting for 25¢/1-tick, then set a Go/No_Go in front of you algo for 75¢/3-ticks. If you don't have an ATR(6minute)...
  17. tommcginnis

    Beware of the ‘toxic concoction’ that could finally crush the U.S. economy

    In order to complete the Terrible Circle that led to the U.S. financial crisis, you had to have the rating agencies grade the MBSs and CDOs as if there was no incest-by-construction in their make-up. "AAAs all 'round!" and Yay! team. Except the rating agency was down the hall from the...
  18. tommcginnis

    How is the Profit/Loss in Performance Summary calculated?

    Find this out *before* you trade, not after. If you're not sure (or to provide some proof-of-concept), hit the paper-trade. NEVER use a live account to pose questions you can't afford to answer with bad news.
  19. tommcginnis

    "Trade Deal" Manipulation....

    Trumpet was elected in 2016, came into office in Jan. 2017; things did not get jumpy until Eric and Don Jr. left the White House/headlines in early 2018. That is no accident. TrumPidiot made his money in the 90s not with real estate -- when "The Art Of The Deal" was published, he was losing...
  20. tommcginnis

    Today, 12/12, is contract rollover date... in case you weren't paying attention like me

    These used to be every quarter or so -- now they're every 3 months, which seems like no time at all, as time goes on. :confused: :D
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