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  1. tommcginnis

    Should we use the 200 day EMA or SMA?

    That's hilarious -- the Mad Magazine Guide to Trend-Following would NO DOUBT contain more usable content on trend trading than Covel's slop. (I know I'm probably aging myself with that observation, but what the hell. It's a world world world world Mad.) But to answer your implicit question, YES...
  2. tommcginnis

    Should we use the 200 day EMA or SMA?

    Does Covel provide so much as a single algebraic formula for trend-following of *any* form? No. == Total FLUFF.
  3. tommcginnis

    Should we use the 200 day EMA or SMA?

    I don't recall Covel's book to carry so much as a single algebraic equation. == Total fluff. Takes 300+ pages to say "great traders make millions in up or down markets." I recall (bitterly) reading the entire thing in a weekend road trip, 5.5 hours each way, tucked into the back of a car and...
  4. tommcginnis

    Anyone good with Trader Workstation? Need help setting up chart appearance

    Has anyone viewed the IB webinars on Charts and ChartTrader and such? They are worth 3 or 4 viewings just to start, and then another 3 or 4 in a few months... Seriously.
  5. tommcginnis

    Ryan Jones PDS Option Trader real? Or Total Scam?

    You're nearly a third correct. Not bad. Neither of Bob Knight or John Wooden -- arguably two of round-ball's very best coaches -- were any good as players. Whereas in golf, the best players are coached by unknowns: their caddies. So much for "those that can, do -- those that can't, teach..."
  6. tommcginnis

    POLL : Which IB template you use? CLASSIC TWS or MOSAIC ?

    Long-time, *strong* TWS proponent here... I way-totally dug the spreadsheet approach, as well as the fact that there are two, three -- even *four* ways to do any one thing. WOW. Does TWS have a long Learning Curve? Sure -- but that is because of all the ways to do any ONE thing: TWS is for...
  7. tommcginnis

    John Fuggin Prine........

    Poetry, man -- pure poetry. :thumbsup::thumbsup:
  8. tommcginnis

    Most recent "Beta" build of TWS flagged as malware. Anyone else?

    Good news: A quick google search paints this as an Avast issue, in which the IDP.Generic tag is triggered with too many "false positive" outcomes. https://techtade.com/idp-generic/ https://support.avg.com/answers?id=906b0000000DvETAA0
  9. tommcginnis

    Monte Carlo Trading Simulator Strategy

    :banghead:
  10. tommcginnis

    Advisor accounts: questions on asset allocation

    One day, you're going to have to defend the decision you make right now in court. Your allocation of client money is *your* business, not IB's. Roll your own -- right away, so's you can defend every decimal point. DOCUMENT it!! Or stop what you're only pretending to do.
  11. tommcginnis

    Is it time to go short?

    6 weeks ago, I worried about the *possibility* of material, long-term effects of a pile-it-on, One-Shot-Kills-All approach to CoVID-19... but I had an underlying assumption that the effects would be short-lived, and that a V-bottom was the likely/*only* course for the market. (And that that...
  12. tommcginnis

    Ryan Jones PDS Option Trader real? Or Total Scam?

    Just think about your life without all the people employed to teach you shit. This "Those that cant[,] teach" trope can't survive the least bit of logical query: so who taught you to drive? To read/write? Your math(s)?? Yep. A teacher. :wtf: :confused: :banghead: Join with surgeons...
  13. tommcginnis

    Will COVID-19 change the parking business?

    I recommend investing in industrial paint/coatings. Just imagine all the costs of repainting car-pool markings with something like "Virus+ Lane Only: Serological Passes Required" for all the places where we squeeze together. :wtf: :D
  14. tommcginnis

    John Fuggin Prine........

    So, I was writing to an ol' honey o' mine, and ..... well, .... and then, before you know it,
  15. tommcginnis

    Synthetic stock (buy call & sell put) - can you get assigned or not?

    Good! Good! Think about that a bit more...... :thumbsup::thumbsup::thumbsup:
  16. tommcginnis

    Synthetic stock (buy call & sell put) - can you get assigned or not?

    • The thread has to do with assignment. :wtf:Read ffs1001 post. :rolleyes: • The difference between capital requirements on a short put, versus a long position, is.....? :wtf: See how that works? :rolleyes:
  17. tommcginnis

    When is Strategy a good one..?

    Strategies don't "behave;" markets behave. Strategies are a static key trying to fit a dynamic market lock. Some fit better than others. Some fit better one day than the next. But they don't behave. The *market* behaves. A *fixed* key, and a *dynamic* lock. Stay on your toes, always...
  18. tommcginnis

    Synthetic stock (buy call & sell put) - can you get assigned or not?

    • If the underlying is at $48, a $50 put will be exercised without any regard for its original selling price. • "Being wrong on the short side" is a great way to buy stock you wish to own at a significantly reduced price. If the underlying is at $50 and you buy it, and it falls to $48 -- you're...
  19. tommcginnis

    When is Strategy a good one..?

    A strategy is a good one when it has positive expectancy. Period. Do you *expect* to make money? Your question poses "strategy"; your comments juxtapose trading/performance. They ain't the same thing, and you conflate them only with a confused comprehension. At any event, having positive...
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