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  1. tommcginnis

    Optimizing option hedges on shorts

    There are as many answers as underlying(s). To clarify things for myself, I would answer: 1) How much of an unexpected pop am I desiring to cover? (What is a "sharp rise or tail event"?) 2) For how long am I looking to cover this risk? (And, How many expirations are available to me {with...
  2. tommcginnis

    Good Option Advisory Services?

    If you're already coming from a solid equities base, I'd stay right where you are. Options are insurance -- that's it; nothing fancy. (Yet.) "Option plays" are all, and entirely, based on the underlying and market. If you're already coming from a solid equities base, I'd stay right where you...
  3. tommcginnis

    Basket trading on IB TWS

    There is no way for TWS to determine "cumulative" anything -- that will be something different for every account, and even then, may differ for individual accounts from one instant to the next. To close this "basket" as a whole: 1) investigate BasketTrader 2) load indidudual trades, pausing...
  4. tommcginnis

    Basket trading on IB TWS

    Put the underlyings (your forex data lines) on a separate tab, right-click a "total-able" column and click on Show Total Row, and that set of totals will only be your self-segregated quotes. Bingo.
  5. tommcginnis

    IB changing the Quote subscription

    As I'm sure you're guessing, there are multiple subscriptions that might do it. "The old way" of getting (IMO) the best knowledge from the Data Manager is to get into Global Configuration/Display/TickerRow/Market Data and check/uncheck it so that all unsubscribed asset lines have a Subscribe To...
  6. tommcginnis

    How do I turn a $1000 trade to $100,000 within a year instead of 10 years?

    How do I turn a $1000 trade to $100,000 within a year instead of 10 years? a magic marker would do it -- and would only take a minute.....
  7. tommcginnis

    Option chains downloader?

    http://www.tradingsoftwarelab.com/ You haven't mentioned your platform, computer, location, subscriptions, or any other pertinent data needed to answer this question optimally. However, this guy has been an IB/TWS API data source reference for many years.
  8. tommcginnis

    My Head is Spinning

    SAMPLE Short-Term TRADING PLAN: With an 1-min ATR(6mSMA)>2ticks ENTER when 1-min ADX(12mSMA)>25 on side of highest DM±(12mSMA) EXIT when either ADX or the operative DM turns down for 2 min, or when one DM crosses the other. Test this yourself. Can you tweak it to work better than 80% or so...
  9. tommcginnis

    My Head is Spinning

    I started out tick-scalping equities, and in looking for a handle, learned all about technical indicators. Here's what I learned: 1) over half can be beat by a coin flip, so use a coin and get better results. 2) work the look-back parameters of the indicator until you can lean back from the...
  10. tommcginnis

    Do you know of software with this type of graphic?

    It'd be about a thousand words that are similar to any other picture of a price ladder and cued orders. (Not be be a smart-ass or anything... but it *is* a picture.)
  11. tommcginnis

    The Best Trading Proverbs

    And its inverse: "Don't confuse your account balance with intelligence." (Very important during a bull market, when everyone is a genius.)
  12. tommcginnis

    Best book to rewire me to follow my trading plan

    Alexander Eldar's Trading For A Living -- soup-to-nuts basics.
  13. tommcginnis

    extrinsec value itm options Spx Spy

    Well, firstly, your command of English seems (to me) to be a damn sight better than most 'Merican speakers. "No worries" here. Second: "Deep In The Money" also means ferociously-thinly traded: which means pricing (whether stated NBBO bid or ask, "mids," mark, or something else[!!] -- they are...
  14. tommcginnis

    IB down

    Everything up, smooth, continuous from Indianapolis (~750 miles W of NYC; ~150 miles S or Chicago) BEST WISHES FOR SMOOTH RESOLUTION.
  15. tommcginnis

    IB native python API for dummies

    That has seemed a logical conclusion to me for a long time, but this is the first I have seen it written down. BOY that would be lovely to know in detail. That's about all I'd need! The rest I'd learn as I go. "Just show me what you want to see and I'll get it there..."
  16. tommcginnis

    IB TWS layout nightmare

    Well, there's "wrong" and there's "oblivious" and there's "hubris" -- congrats -- you win on all three. It's just peachy that you have not yet had issues. But you are clueless, and for blathering on as you do (on this thread and on so many more, as others have noted your noxious "contributions"...
  17. tommcginnis

    borrow money to trade

    What part of "most small businesses (and ALL large businesses) are started with borrowed money" are you contesting? Or do you just *have* to paint your own character or professional issues on everyone else, as if other small businesses are just brimming with high probabilities of success. (They...
  18. tommcginnis

    Thinkorswim problem

    Dunno. Doubtful! But if you do this as part of a wholesale Java/etc scrub, and do it 4-5 times (like it sounds you're on the way to doing), you *may* get a working platform. Good luck! And write down what you're doing so you're always keeping track. It won't guarantee success in the future, but...
  19. tommcginnis

    Thinkorswim problem

    I DON'T KNOW FROM NOTHIN'!!!! Not even a ToS user. (But! {he whispered...} this really smells of a browser issue. Maybe a quick re-fresh of Firefox or whatever? THEN re-load?? I guess I'm suggesting a corrupting of the download that might be curable.) Also, although ToS is mostly operative...
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