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  1. tommcginnis

    Traders That Beat The System.

    It's not about "no losses," bub. :banghead: :rolleyes:
  2. tommcginnis

    3-Bar System by Larry Williams: from ProRealtime to EasyLanguage

    :banghead: And you're going to put real money on this? Without computing it yourself? And if (when) it doesn't work perfectly -- right out of the box -- are you going to trash it and declare Larry Williams a fool and a charlatan? ("Yes.") If you're not willing to get some computational dirt...
  3. tommcginnis

    What is your biggest takeaway from the Feb.-March market disturbance?

    Happily stolen from a qlai thread: https://www.elitetrader.com/et/threads/the-man-from-the-mountains.342398/
  4. tommcginnis

    What is your biggest takeaway from the Feb.-March market disturbance?

    Weekly options was like a card game, with every cycle being a new shuffle and a new challenge and a new, very cut-n-dried, success/failure. "Ploink!" and it's done. And being a good little Zen-it & Forget-it type, last week's reward just doesn't count: only the trade in front of you. But this...
  5. tommcginnis

    OldRona and ET members divided into 2,5 camps

    These responses demonstrate why the majority of traders lose money. :cool:
  6. tommcginnis

    What is your biggest takeaway from the Feb.-March market disturbance?

    The jump in trading ranges has given me some truly *fun* homework, and should result in an improvement in overall algo performance -- for one model, pretty easy, for the other.... maybe more subtle than I can pick up right now. Certainly attention-grabbing.
  7. tommcginnis

    IB Initial Margin on ES is 22,000

    I favor it. $34.665.25 / $50 a point = 693.305 pts. The average True Range for the S&P has been >150 pts for the last 10 days. The average True Range for the S&P was <25 just two months ago. The ES margin represents about 4.5 days of movement, currently. A little back-calculating would have...
  8. tommcginnis

    Corona Cash Cometh

    "You could easily argue..." You're not joking -- I know. But you really need to bump up the class of Agent Orange Kook-Aid you're drinking. Taxpayers paying the government to loan to taxpayers is not "our money" -- it's appropriation and redistribution. And since it is flow-of-capital not...
  9. tommcginnis

    We will rally and then re test the bottom

    ET180, you are *way* smart enough to answer your own question: if you had a 50% chance of making $1, and a 60% chance of making $1, and a 62.5% chance of making $1, and a 62.998% chance of making $1, which would you prefer? :rolleyes: Right now, everyone who trades trends via specific rules...
  10. tommcginnis

    We will rally and then re test the bottom

    I won't say for others, but :rolleyes::rolleyes::rolleyes: a slightly-tuned MACD would have you long into February; reversed two days before the big drops started, and reversed (back to long) today. And with a little work,.......
  11. tommcginnis

    Corona Cash Cometh

    And whose capital? "Society's." That's socialism. Textbook stuff. Take a nice, slow, non-partisan tour sometime. I used to teach an Economic Systems Analysis course once -- right as the Berlin Wall was coming down and the Soviets were crumbling themselves. Heady times. (FUN times.) It was for...
  12. tommcginnis

    Looking for responses to this post

    Seriously? If you wished to read responses to that post, then "trade 2 win" is where you should look. We already have enough stewpidazz posts on ET without importing more. :banghead:
  13. tommcginnis

    Corona Cash Cometh

    Dunno. It *should* be for established businesses losing expected revenue, but I'm not going to let *my* view of fiscal sense stop me from inquiring. I can build a case whichever way things fall -- it just might be a *stronger* case were the requirements more {lax} flexible.
  14. tommcginnis

    We will rally and then re test the bottom

    ^^^^^^^THIS. :cool: ^^^^^^^
  15. tommcginnis

    The Wave of "Don't Pay The Rent"

    New tenants have more issues than established tenants. This "Don't pay the rent" thing might as well be a *request* by landlords, who tremble at the thought of reviewing/DD/accommodating/monitoring a whole slew of new, UNestablished tenants. :vomit: Customer flow (which established tenants had)...
  16. tommcginnis

    Corona Cash Cometh

    Granted, it's socialism. (And I'm a 40-year Republican, though not of the current ilk. :vomit:) But I'm going to take full advantage of it. I've got some fiscal lumpiness for probably calendar 2020, and I cannot stomach taking from trading capital, and less from home equity -- but an SBA loan...
  17. tommcginnis

    If this is Armageddon why are Chinese stocks only 12% off this year's highs?

    Not to post a trite reply, but that cracked me up. Truly "LOL". Thanks for the chuckle, H4$. :fistbump::thumbsup::D
  18. tommcginnis

    The Waffle House Index just hit a code red

    Once upon a time, a fifty mile run was a once-a-month deal, and a good 100 was, well, *good*. What was great for those weekends?? WAFFLE HOUSE. And if I was smart, a visit *beforehand* was really good. So,... Just to add a little flavor to the discussion {"Do I smell bacon?"}...
  19. tommcginnis

    If this is Armageddon why are Chinese stocks only 12% off this year's highs?

    So if I follow you pointy-foil-hat types correctly, (global exporter) China invented a method to destroy the world market to which it exports, and tested it by chopping out their own legs first. Or was it that (largest U.S. debt-holder) China wanted to destroy the U.S. taxpayer, and tested it...
  20. tommcginnis

    Lets talk variance

    Technically, volatility is more like an asexual/incestuous offspring of various variances itself. :confused::wtf: :D Sorry. Had to. An acknowledgement of those ETers whose family tree is more like a telephone pole.:wtf::rolleyes:
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