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  1. tommcginnis

    Its so True...

    HA! I just double-checked: this thread *is* in Psychology. "Phew!" Okay then, My Favorite Bitch*: The grand contradiction between: [cue whiney know-it-all snarky voice] "The definition of insanity is doing the same thing over and over, and expecting a different outcome." versus the gem from...
  2. tommcginnis

    The S&P has topped

    I sold above the market yesterday, between 1400hrs and 1500hrs. {"Yipes! But the vol! The vol!"} and, with vol falling today, feel like I'm staring into another short squeeze over the next week. {"But the market is red, dude. That's 'down.'"} So, I've got a bunch of vintage stuff on the bottom...
  3. tommcginnis

    I would like to introduce you to my web application

    I regret I had to breeze through it way too fast this morning, but I couldn't figure out *what* was supposed to supply inputs (dependent variables) to any model... Any help? Yes, I saw the "Model Parameters" area, but do not recall seeing any sort of *selection*. As far as UI, yeah, I saw...
  4. tommcginnis

    What platform is better ?

    Nope. If it *does* matter, you'd want to do what I described above, as the others are intended to give you buy-writes.
  5. tommcginnis

    Short term trading

    Ummmmm -- if I follow you here, you're recommending a book that wouldn't work for you, based on dismissing volume as being the other half of every trade besides price. Ehhhhhh. Errrr-ummmmmm. Uhhhh. No. Any transaction is price x volume. You ignore either at your peril. Period.
  6. tommcginnis

    Wash. regulator directs gas utilities to modify hedging practices

    In defense of utilities {"Really?? *McGinnis*?!?"} Utilities are not there to "trade" -- profit involves successful risk garnering reward. Utilities are there to provide *guaranteed* power. They *try* to do that at the lowest reliably attainable price. For utilities, future contracts and options...
  7. tommcginnis

    Three Steps and a Stumble?

    Had I the testicular mass, I'd join you. [Let's see: time for an emogi..... Nope. They don't have one for "Sorry. No balls."] :rolleyes:
  8. tommcginnis

    Seven Traits that I Believe are Required for Active Investors to Win in the Long Term

    Yeahhhhh. Interesting. Interesting. *Definitely* worthy of a beer, but I'll go further -- worthy of an MBA project, or in those departments that do "essays" -- of being 1 essay in support of a Ph.D...... ("An *assay* essay!") I'm sure it's been done; I just don't know about it. But the last...
  9. tommcginnis

    Wash. regulator directs gas utilities to modify hedging practices

    State-level utility regulation is a battle between professional staff (who cry "Armageddon!") and regulatory hacks (who mutter, "What? Me worry?"). The usual outcome is pablum: -- the utility knows best -- the market will fix all -- life is great; life is tough; {pick one}. "While no 'right'...
  10. tommcginnis

    Seven Traits that I Believe are Required for Active Investors to Win in the Long Term

    Not to quibble, but didn't you mean, "...volume floods into ETF v stocks, creating [even more] opportunities....." Yeah, the vig has evaporated. But the methods by which to *earn*..... sheeesh! The issue in 2017 (a thousand years into The World's Greatest Bull Mkt Ever-rrrr-rrr-rrr), is...
  11. tommcginnis

    Three Steps and a Stumble?

    ((My votes...)) A half-point?? That would not lead to stable prices, and could directly be "challenged" as not maximizing employment -- so I'll vote "no." Yellen's yellin' similar to December?? I wanna vote "Yes" in a big way, but with those "key words" missing or reversed. Just a couple, but...
  12. tommcginnis

    Seven Traits that I Believe are Required for Active Investors to Win in the Long Term

    You read it too fast, RM -- and you read it as a former 'inside guy'. The remark was **lovethetrade said: No, market conditions change but that doesnt mean strategies become redundant. Logic that worked 20 years ago still works today.** You just wrote of conditions, and for sure, they've...
  13. tommcginnis

    Seven Traits that I Believe are Required for Active Investors to Win in the Long Term

    1) This reminds me of "Princess Bride" -- I do not think ^redundant^ means what you think it means. But if you take it to mean something like "stale and unprofitable", then Yes. (Hmmmm. Even "stale" is not right.) Imagine profitable trades to be fish in a big inlet off the ocean, and our...
  14. tommcginnis

    What platform is better ?

    I'll bet there are 6 different ways to put on a covered call in TWS. The best way for you is unknowable -- as none of us know your general patterns of trading, and as well, *you* don't know your general patterns of trading. You need to spend a LOT of time on the paper account. Get to it. That...
  15. tommcginnis

    Three Steps and a Stumble?

    "Classic" is right. Poor buggers. I have the same theory about "3 meals and a sundown"....... it has worked *so* well.... and for *so* long........ I must be a bloodifuggin genius.
  16. tommcginnis

    "Read only" access to brokerage account?

    IB will do both.
  17. tommcginnis

    Long Strangles Anyone?

    Especially once the kids arrive......
  18. tommcginnis

    How to: Algo order logic to be long above X and short below X?

    There's too much hidden info here. A better bet would be to configure some logic, and post it for people to poke holes in. As it is, I couldn't get from one end to the other without half-a-dozen WhatAbouts. But you covered the biggest: market price hurdling your presumed range. How many 50pt...
  19. tommcginnis

    Long Strangles Anyone?

    That's "straddle"... I got 'em confused too, early on. But there was this gal, see........ a redhead with green eyes.........
  20. tommcginnis

    Long Strangles Anyone?

    I have not done this, but have heard it recommended. (I know. That is pretty vague.....)
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