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  1. tommcginnis

    You Must Play Every Hand

    Two thoughts: ** buying puts is not shorting stock. You are *long* a right. You are not *short* a responsibility. (That would be, per your example, selling the NFLX calls...) ** NEVER ever ever force a trade. Trading should be as easy and as *boring* as walking down the street, picking up...
  2. tommcginnis

    Something is not right..

    Wrong. I am assigning an observation sufficient merit to be note-worthy. *You* have inferred cause|effect. Twice. Try again.
  3. tommcginnis

    Guidelines for Theta/Vega and Theta/Gamma Ratios in overall Portfolio

    Shocking (to me) -- I have never seen anything on the subject that wasn't claptrap-garbage-pooh. Plotting in 3d (market-distance by strike by time) is just too easy in 2017, so I think that easy-access answers to your query will be around "soon" -- but it still blows me away that one of the...
  4. tommcginnis

    Something is not right..

    Wrong. I am assigning an observation sufficient merit to be note-worthy. *You* have inferred cause|effect. Try again.
  5. tommcginnis

    Something is not right..

    Or not. Today, like many other days when some smell "trouble" -- one reason they *smell* trouble, is that VIX and indices moved in the same direction. *This* is like Markets 401.
  6. tommcginnis

    Something is not right..

    (IMO) You aren't missing a thing. As noted earlier, August 2015 had us sliding up the "Wall Of Worry" with seemingly no actual worries[!]..... and everyone similarly scratching their heads. At least, I was scratching mine. I was scratching mine so much that, upon embarking on an impromptu...
  7. tommcginnis

    Former Turtle Trader and ET Member in Jail?

    Indeed! And the gal next to her looks just like Kate Mulgrew... http://www.imdb.com/name/nm0000550/ I could see a TV show out of this.....
  8. tommcginnis

    Former Turtle Trader and ET Member in Jail?

    I had the misfortune of reading a Curtis Faith trading book once. I DID read it, although from the first pages, I felt silly doing so. But it was plain to me that he was no trader, *knew* he was no trader, and sought to maximize gain from the brand, before it evaporated into the wisp of luck...
  9. tommcginnis

    reading the MACD line

    The vast majority of retail "traders" use indicators like the MACD as if they were primitive sculptors, and had just come across a Phillips-head screwdriver. "It works great," they exclaim, "to create bas-relief channels by just giving it a little twist" and they bang out a raised little ridge...
  10. tommcginnis

    Are we seeing distribution?

    Yes, we are seeing distribution. In particular, we are seeing a calendar-year change, a quarter-year change, a FED-policy regime change, and a U.S. presidential regime change, all at once. Now, if these changes are largely non-*economy* changes, we also have actual *economic* change coming to...
  11. tommcginnis

    Slippage with different brokers

    Total per-day volume is readily available. Volume per-minute and trades per-minute is also available (if with a little work). You need to graph those things, along with your slippage, *today*. Your solution will be readily apparent. Share this with your clients *after* you are done.
  12. tommcginnis

    reading the MACD line

    ...and then the account disappeared in a "Poof!"
  13. tommcginnis

    Rule change allows US forex clients to gain access to transaction data

    As a news geeky-wonky type, I started out in FX years ago. (After 2-3 months of intensive trading, I got out with a $600 loss -- so, call it "The Flat Miracle!" Whoaaaaa.) At any event, I might make a FX trade once a year on the IB platform, and found it marvelous and smooth and intuitive...
  14. tommcginnis

    reading the MACD line

    Most traders cannot explain any indicator at random, in words that either/both of their Mother or the 12-year-old from next door, would understand. Most traders lose money. Is there a tie there? I think 'yes.' DON'T ever put A DIME on any "indicator" that you are not sufficiently familiar...
  15. tommcginnis

    Rule change allows US forex clients to gain access to transaction data

    I have only tangentially followed any of this, so forgive this question but, Does this mean that IB will once again offer FX as part of their U accounts?
  16. tommcginnis

    Chart Porn. post your chart porn.

    These graphs are visually quiet by virtue of the fact that the cardinality of time is obliterated -- thus, if you were trying to work market dynamics in the least little bit, you're handicapped. (This is the analogue of time-based graphs, where volume {instead} is lacking, and demands it's own...
  17. tommcginnis

    New trading platform collaboration C# .NET, anyone?

    I must say..... every now and then, I catch myself in Life's Mirror (like, on a Friday night, when I'm excitedly tweaking my latest massive-ass table-chart-graph thingie, *maybe* with a glass of IPA in my hand, maybe _not_.....), and I find myself thinking, "God, Tom! You are such a *nerd*!!!"...
  18. tommcginnis

    Chart Porn. post your chart porn.

    *Thank* you. For derivation?? Go wayyyyy old school. NYSE TRIN (first, with 15min candles and 6-period SMA) and TICK (second, with 1min candles and possibly 6-period SMA). The oldest advice re TICK and TRIN remains: much less important than their absolute level, is their direction. (Hence, the...
  19. tommcginnis

    Chart Porn. post your chart porn.

    Not fancy! But damn effective.
  20. tommcginnis

    Chart Porn. post your chart porn.

    As simple and as elegant as it gets...
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