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  1. tommcginnis

    Trump Tax Reform - a total squeeze on middle class W2 workers

    According to Ryan and Brady (who are...... mildly, reliable), it's part of this proposal.
  2. tommcginnis

    TAX BILL = TRIN↑ + VIX↓ ?? "sell the crap!"

    Ain't that the truth! Had me shaking in my boots, though, at 10:30am -- I'm heavy on the bottom, and spent some good change (read, "a lot of mullah") to push things down (which you can do so much easier on the put-side) *and* to open some new stuff {"Damn!"} a week out. You can see above...
  3. tommcginnis

    TAX BILL = TRIN↑ + VIX↓ ?? "sell the crap!"

    Big selling ratio at the same time as vol decrease?? Yep: "sell the crap!"
  4. tommcginnis

    Winning ways in trading that become losing ways

    ..."ErrrrmahGERD!" I used to love trading against the ES trend -- on an extended rise, I'd enter short on a pop, have a linked exit a tick or two below, and just mill money as the market washed through 3 or 4 strikes, since I only needed 1 or 2 to profit and exit. And if the market turned right...
  5. tommcginnis

    Economics about mass shooting

    It's reality. It's gonna write the headlines no matter what you and I might do. "Clue!"
  6. tommcginnis

    Trading Interview Prep

    Kinda like "two-bagger" thoughts from days of olde....?
  7. tommcginnis

    Economics about mass shooting

    NYC today, huh? And NOT a two-ton truck? 9 people dead; X-times-that seriously injured? And a "light-duty" pick-up truck? Okay, then: Let's all outlaw these deadly motor vehicles, too. And then, let's plaster the killer's name and cause all over every screen we can manage (between commercial...
  8. tommcginnis

    Complacency and getting better as a trader

    Two thoughts: 1) Sitting: If you're going to be a professional trader, you're going to have to bring a solid work ethic to the table. So, what happens when things start working? When things start behaving as you think they should? ACK! Nothing to do!! One of the most difficult things to learn is...
  9. tommcginnis

    Trading Interview Prep

    1) You are the smartest one in the room. (Have some confidence.) 2) No one else has a stitch of clothing on. (They are all, and only, humans.) 3) If you answer their questions *as*if* your thinking could -- save them money -- reduce risk -- alleviate a headache ...you'll do okay. So -- what do...
  10. tommcginnis

    How to develop decisiveness and quick reaction time?

    Still back to 1) Have a plan + 2) Practice practice practice = 3) Execute.
  11. tommcginnis

    What moves my account after selling options?

    Margin is a function of liquidity and [net] risk exposure -- as position greeks change, margin will change.
  12. tommcginnis

    CFA

    More a great skeptic of "credentials" -- of *any* sort. Way too much regurgatory {!} "knowledge" passes for wisdom -- whether medicine, engineering, accounting, LAW (Oh my god.), Psych/Social/Human Services.... let alone the ALPHABET in finance: trading, risk management, "market technicians"...
  13. tommcginnis

    What moves my account after selling options?

    When long in options, you have to insure that position theta< position delta -- that time decay does not supercede "beneficial" or *desired* market approach.
  14. tommcginnis

    Is it possible to make consistent profits from trading

    So sez, "I {heart} T.A."??? Man. The world is upside down this morning. :wtf::confused:o_O:rolleyes::cool:
  15. tommcginnis

    Is it possible to make consistent profits from trading

    Didn't you just answer/deflate your previous query -- to wit, "tomorton said: How would a trader revealing their strategy damage their personal returns?" I know this is like, "Econ101" here, but you have every right to pose it, regardless. o_O
  16. tommcginnis

    CFA

    (Okay, I'll bite.) You have not defined "so poorly" (a relative descriptor) in any context. Did they actually lose money, or are you just mad that they only made 22% (twice the historical average), compared to the 36% of your favorite tech slate? You have also failed to distinguish between...
  17. tommcginnis

    Is it possible to make consistent profits from trading

    You just put the Online Trading Academy jokers out of business -- especially that funny little part about "Use stops." Killer. :wtf::rolleyes::thumbsup:
  18. tommcginnis

    Is it possible to make consistent profits from trading

    Is it possible to make consistent profits from trading "Everyone is a genius in a bull market." You can throw the proverbial dart at the dartboard (for the past *decade*) and get "winning" trades. Great. "We made history." (And again, three times, just this past week, right?) So if you're...
  19. tommcginnis

    How do you calculate break even stops into statistics?

    You need a beer. W/total == win rate L/total == lose rate #/total == scratch rate. You can segregate your trades any way you want -- how 'bout BIGwin/total == Spank rate.... Then you can work on balancing your Spank rate with your Scratch rate, to max(mentalmasturbation) :wtf:
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