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  1. tommcginnis

    CFA

    That's like judging an engineer on how well (or whether) he tunes his car. Some CFAs *might* trade, but it's a whole lot more broad than that.
  2. tommcginnis

    Live Calls Thread.

    Yeahhhhhhh, my top side got a thorough re-working over the last day. I *completely* sold off my Oct27 call positions entirely ("Good call!") I bought back some Oct31 2690 $5-wides, for 10¢, but didn't bother to buy them all back. Now they're sitting at 80¢ -- right where I sold 'em. So I...
  3. tommcginnis

    After the 1st leg up do you sell or hold?

    When you calculate reward-to-risk for a trade, you are doing marginal analysis. When you calculate reward/day-to-risk, you are doing even better. Google Al Sherbin on the tastytrade videos FMI, and wish like hell he still had that bully pulpit.
  4. tommcginnis

    CFA

    I generally cringe when I see alphabets/initials following someone's name, but I have looked the CFA materials over, and it's a (truly) fine program -- top notch in every respect , and I've seen a good deal of it. I would certainly rank it higher than all-but-the-best MBA programs. (My bona...
  5. tommcginnis

    NOV29, NOV30, DEC01 -- a great place for Calendars...

    ...And with today's drop in vol, a great time. SPX, at least. Possibly ES. Others??
  6. tommcginnis

    Classification of "professional" on IB

    As soon as you take a (FA) fee, you're a pro.
  7. tommcginnis

    What moves my account after selling options?

    In IB-land, the only thing that matters is net liq. -- ignore the myriad other titles, headings, sub-headings, etc. If you're going to sell options, get VERY FAMILIAR with your portfolio page -- have it set to order your inventory by expiry, make sure that "Options" appears on your (portfolio...
  8. tommcginnis

    Building a position around support/resistance

    is resistance at the height of the bar or the candle wick? "Height of the candle body" for me -- if the price can't be held, that weakens its importance in that particular time-frame -- which is the whole concept of "support / resistance"... Long wicks (on a properly set-up graph) should loudly...
  9. tommcginnis

    How to develop decisiveness and quick reaction time?

    That was so awesome, I just thought I'd sign on, repost it, and say, "That was so awesome!" :thumbsup: So there. :p
  10. tommcginnis

    How to develop decisiveness and quick reaction time?

    You want to get rid of Deer_in_Headlights Syndrome? Have a plan.
  11. tommcginnis

    Springfield Mo.

    https://secure.meetup.com/create/?seededCityId=65801&seededCountry=us&isSeeded=true&seededNumInterested=3&seededTopicId=16514 It seems you've gotta start from scratch!
  12. tommcginnis

    Live Calls Thread.

    ES tipping up on volume. TRIN points down. (Since Euro-close)0 Bottom for the day? Finish 10 up at 2560? (I just sold a Friday $5-wide at 2560, so while heavy at 2545, I'm squeezed either way.)
  13. tommcginnis

    After the 1st leg up do you sell or hold?

    It's called Marginal Analysis -- marginal revenue marginal production marginal utility It's ruled neoclassical microeconomics for the last 150 years. see, for example, Marshall; Jevons; Ely; Samuelson; Friedman; et. al.
  14. tommcginnis

    "December is back on the table" == f[Empire+DOW+ChiFed+Redbook+PMIflash+RichFed...]

    ==[...+Mortgages+Durables+HousingPrices+NewHomeSales....] "Good News" is *definitely* Bad News, once again. (That, and the Taylor Rule(r) coming to the 'fore.) Down, doobie-do, down. Down.
  15. tommcginnis

    Warren Buffett Says America Is "So Rich" It Can Afford Single Payer

    Is that with or without an imputed cost of medicine? :wtf::(:mad:
  16. tommcginnis

    Understanding different types of leverage

    Lots. I think NG is 1000:1? I fergit.
  17. tommcginnis

    After the 1st leg up do you sell or hold?

    I will admit that I find my day is better -- my world, brighter -- when I skip over LL's "posts".
  18. tommcginnis

    Understanding different types of leverage

    Derivatives typically are 100:1. Margin at 4:1. Tax structures involve leverage of t:1 where, if you make an investment of a dollar, then you can lever t back to you. (Like the old joke,..... "OMG!!! Look at these credit card bills!!!" 'But Honey!!! Look how much I saved!' )
  19. tommcginnis

    Warren Buffett Says America Is "So Rich" It Can Afford Single Payer

    That's because the consumer of that insurance is you. "You" consume medical services, but (in the U.S.) it's been 30+ years since you paid the doctor. Transparent fees and a'la carte pricing; no treble-damages on malpractice; no employer-related insurance (i.e., recognize "insurance benefits"...
  20. tommcginnis

    "December is back on the table" == f[Empire+DOW+ChiFed+Redbook+PMIflash+RichFed...]

    I *literally* laughed out loud. That was great.
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