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  1. tommcginnis

    Something is not right..

    I have a bit of an "sonar" that sniffs out trouble, and it's not pinging on anything right now. The VXST and VIX are smooth -- IVs by expiration just as smooth {if finer-grained}. TRIN was up big today, and showed real divergence with the market -- first time in a week. My GUESSED explanation...
  2. tommcginnis

    Best Investment Book of All Time

    "OH GREAT COMEBACK!"
  3. tommcginnis

    Best Investment Book of All Time

    Not interesting at all -- nor the point. Some of the wisest people on Earth are right now, the poorest. If you yourself have made more than your parents, do you account them to be dummies? Having "Vision" does not secure you any riches. But *not* having vision? Ewwwwww, that'll cut down the...
  4. tommcginnis

    IB vs TD Ameritrade tick rate & API

    You are a mechanic with knowledge of a 4-cycle internal combustion engine. And you are seeking the best set-up. TOS is a Cadillac SUV. (Don't try racing anybody.) IB's TWS is a factory-fresh Formula 1 McLaren (Don't use it for groceries.) But by asking about tick rates, you are inquiring...
  5. tommcginnis

    Best Investment Book of All Time

    I have twice stated that O'Leary's style is not my own, but your agenda with him denies you that comprehension. "Sad." The point you ignore (oddly, the *main* point) is that there is Reality, and there is a Cultural Overlay that we each carry into our vision -- made individually and...
  6. tommcginnis

    Use Breakeven Trades in your Data Collection

    They definitely must be counted, but I have found it illustrative to go both ways -- count flats ($0 profit, with round-trip commissions waiting like a vulture to be counted) as both losses, and then separately, as winners. If I'm evaluating a technique, I count 'em as winners -- that makes the...
  7. tommcginnis

    IB vs TD Ameritrade tick rate & API

    "Tick rate"?? Que est? As far as IB's TWS C++ API, I *seem* to recall that it was part of the overall API that had not seen updating in a while, and was not likely to see it, as there were/are issues with C++ that limit its abilities re trading. (This is a very weak recollection.) If you search...
  8. tommcginnis

    Best Investment Book of All Time

    Yeah. But there's a bit of "so what?" in there, too. He's a venture capitalist -- a glorified entrepreneur -- his "job" is not to run, nor even to manage, but to smell -- to *sniff* -- and then pursue. *I* could not engage in activities where I have a "1-in-17" expectation of success. But on...
  9. tommcginnis

    Do you check the futures market after hours?

    Some people are just *no* fun.
  10. tommcginnis

    Interactive Brokers Excel DDE API

    Sounds like a recalc switch is not set to automatic. I work OpenOffice, but the set-up is very similar. "Options"?? "Settings"?? "Page Defaults"?? Google is your friend.
  11. tommcginnis

    Beginner question about VIX futures

    "Hello!" (Just thought that deserved a bit of emphasis.....)
  12. tommcginnis

    You Must Play Every Hand

    One word: Youtube. (Often a dangerous place re trading subjects, on expectancy it's not too bad.)
  13. tommcginnis

    Best Investment Book of All Time

    I'll throw my two cents in, with http://kevinoleary.com/financial-literacy/ Kevin O'Leary's Cold Hard Truth. There is Reality, and there is our Cultural Overlay. The closer one's cultural overlay comports to reality, the better one will do. And very much to the degree it does not, the more you...
  14. tommcginnis

    Switching careers

    WITH A LOT OF IGNORANCE, I'd throw a CFA into the mix. I'm not so much a fan of the CTA, but that may be beneath you...
  15. tommcginnis

    Beginner question about VIX futures

    I'm going to do you a favor, and shortcut you a bit. Google "VXX" and "contango" as your next move. Or, "VXX" "contango" and "Russell Rhoads".... Keep your money in your pocket.
  16. tommcginnis

    You Must Play Every Hand

    It *is* true that retail traders can't expect 100% probability trades, fair enough. But you *can* trade with greater and lesser probabilities of [desired] outcomes. and you *can* work the expected trades for greater and lesser profit beforehand. "Expectancy" of our trades is where our entries...
  17. tommcginnis

    Everything I Need to Know Before Buying E-mini S&P 500 (ES) Options

    Once you get your most-basic basics down [as per the above responses], make a profit/underlying graph of the sort you see with every options book. (Look up Russell Rhoads and follow his lead.) Map out what will happen as the ES gains 1%, and loses 1%. What you will find is that the underlying...
  18. tommcginnis

    Do you check the futures market after hours?

    Yeahhhhhhh. No. I ain't seein' it. zdreg: circa 2003; 10,000 messages. "... a naturally fast death." (Hoo boy.) Dude? Bad news. You's a lifer.
  19. tommcginnis

    Do you check the futures market after hours?

    I would never make it through the night without a check on global mkts. And they're *all* global... By the US cash open, I've been up and re-sharpening on the latest (noise) for hours. "No surprises."
  20. tommcginnis

    How many underlyings do you watch/trade?

    Watch 3 closely; trade 1 mostly. Watch 10 idly; thinking about trading them, but let's not be hasty. Watch 100 out of the slightest curiusity -- trade them maybe once a year...... Depends too on where you're going with weekly(s). Work 'em far out, and there's less to do. Work 'em close, and...
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