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  1. tommcginnis

    Can weekly strategies be profitable?

    You're conflating a non-discretionary trading trigger rule for a risk-recognizing trading practice. This is often missed on ET, so your point is granted (with a :thumbsup:).
  2. tommcginnis

    Pearl Harbor and the danger of an international trade war

    You guys are victims of "burying the headline." We're well on our way to WWIII. To wit: Combine Hitler's Aryan mysticism with Japan's just-birthed-out-of-Medieval cultural and industrial focus, and mix in Germany's post-Great War hollowed-out economic house not-in-order, and you have just...
  3. tommcginnis

    IB is down again.

    Hmmmmm. It seems I am of two minds. :confused:o_O:cool: "Exit, Voice, and Loyalty" -- what a great book. :D
  4. tommcginnis

    P&L spread chartin TWS confusion

    The price between the two platforms seems just a bittttt different. (Quoting Bob Ueker there.) TWS is looking at quite a different animal. o_O
  5. tommcginnis

    Can weekly strategies be profitable?

    {emphases added.} It *doesn't* work. It's Flat Earthers' Finance. https://www.elitetrader.com/et/threads/online-trading-academy-secret-patent-revealed.324486/ It's a gross Frankenstein Monstrous Notion that conflates the worst of post-hocracy and (when things don't work out) ad-hocracy. (It has...
  6. tommcginnis

    Can weekly strategies be profitable?

    • "Weekly(s) strategies" is not a defining term -- there would be an entire range of reasonably positive strategies, as well as rare/unlikely profitable strategies. • Further, the laying of high-gamma credit spreads demands careful monitoring -- putting short-DTE, OTM credit spreads on without...
  7. tommcginnis

    Broker Comparisions?

    It's nearly 2021 -- by the time such a study was complete, it'd be obsolete. Write down the cost + frequency of two or three patterns of trading (i.e., short, intermediate, and long term), and compute the costs for IB. Then go shopping. (And when you're shopping, pay heed to the platform...
  8. tommcginnis

    Are there more risks with indices?

    Two things make your question unanswerable. •"Risk" has half-a-dozen meanings, from a vague uncertainty to a monetized sum. • Even getting to a monetized sum, you need a specific instrument (or family of instruments) and its associated multiplier. And if you're intending on sub-hour holds, you...
  9. tommcginnis

    Call buying is driving volatility and a gamma squeeze

    "Call buying is driving volatility..." :confused: The purchase of insurance against a price increase leads to an increase of [abs]|price changes|? How'z that work, exactly?
  10. tommcginnis

    theta per gamma ratio

    Very handy reward/risk measure. Put it into words that anyone can understand, and see if you can explain every part of your option inventory/portfolio with it -- including spreads. Be aware of the graphs of each, and what they can contribute to your use/knowledge as the market moves (or...
  11. tommcginnis

    Does the market really change?

    Neither "edge" nor "market" is not defined -- nor even "random".... Hmmmm. So let's declare "edge" to be a systematic advantage-producing method over an ill-defined or even undefined process. Let's further define "market" to be that process, wherein instantaneously-varying participants trade...
  12. tommcginnis

    Market Sentiment

    Let your use of moving averages tell you how to play. Remain detached, "10,000' up" and all that. Let your assessment of market sentiment tell you when not to play. When big events (FOMC announcments for short-term; key U.S. elections for longer-term) come up, let the excitement around the...
  13. tommcginnis

    Books for learning the reasons behind market moves

    And given today's announcement, let's include Milgrom and Wilson, eh! https://www.reuters.com/article/us-nobel-prize-economics-idUSKBN26X172
  14. tommcginnis

    The most awful broker I ever met

    IB's risk mitigation includes an assessment of your being able to cover options that you hold long -- so the risk of an option finishing ITM holds (for IB) a risk of your not having the cash to cover auto-exercised options that were left unattended because you went fishing that Friday (and which...
  15. tommcginnis

    Impact of volume spread accross venues

    Forex; NBBO. ;) :cool: :D
  16. tommcginnis

    Platform

    Ergonomically, a mouse is incredibly inefficient compared to doing the same tasks via keyboard entry. :thumbsdown::thumbsdown: A roll of the fingers on one hand might include 5 keystrokes if you include the thumb. A 5-step menu on a mouse takes 5 single-click entries on a drop-down menu, AND...
  17. tommcginnis

    Time and Sales

    (With regrets to your brain cells,...) "Yes."
  18. tommcginnis

    10/2 How I'm trading inverses on Trump's covid dx: UVXY SDOW SPXS SQQQ TZA

    Very fun week so far. Flatness for me right now -- I have equal excuses for rise, fall, and stay-the-course. Still basically the rollover agenda, and looking for an excuse to move stuff. (Which means a downdraft, given fewer buyers "of size" than sellers. Trying like hell to ignore (trend)...
  19. tommcginnis

    10/2 How I'm trading inverses on Trump's covid dx: UVXY SDOW SPXS SQQQ TZA

    And now let's go for a call spread, two weeks out, at 3400/3415.
  20. tommcginnis

    Platform

    I bet some of you guys have wings on the trunk of your FWD cars, don't you. :rolleyes: I don't have a dog in the hunt here, but jeeeez. :cool:
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