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  1. tommcginnis

    "Trade Deal" Manipulation....

    Market "reversion-to-mean" motion is not a pendulum, but a brick-on-a-spring, full of sticktion and bounce. Right now, it *happens* to be storing up all that energy to the left (upside) of the distribution. But when it breaks to the downside :wtf: (when the market hits "flush":vomit:), everybody...
  2. tommcginnis

    Stocks with Highest Implied Volatilities Outperform S&P 500

    The conclusions are dangerously over-generalized. For as often as I preach about having relevant time slots (that reflect the *current* market and not some arbitrarily long period stretching back to Hammurabi to "prove" relevance), the study goes 5 years back, but makes repeated *general*...
  3. tommcginnis

    When and how to sell?

    What is your thesis on this stock? Up? Down? Sideways? Would you enter this trade anew, today? If not, then it's time to go. If you believe it's stable, and simply not a place you wish to tie up capital, then exit with a call -- write it further in the money, the more you wish to exit. (So, for...
  4. tommcginnis

    Karen the Supertrader speaking at tastytrade ‘s Geeks on Parade

    Granting your caution, still #1 -- don't care: it's past performance, with a notoriously imperfect portent to what's-to-come. #3 -- that's more a statement about ra-var, not Sosnoff. #2 -- YIPES!! :(:mad::banghead::vomit:-:finger::finger::finger: an "even bigger Red Flag" Agreed. This fail...
  5. tommcginnis

    Karen the Supertrader speaking at tastytrade ‘s Geeks on Parade

    While it has been years since I have watched anything from tastytrade, "the mathematical concepts of what he is discussing is sound" is not a statement that will stand up to any sort of scrutiny. Most of the time, "TP" will say something important, sound, worthy-of-attention, only to be...
  6. tommcginnis

    How do I accurately choose the period for indicators?

    :thumbsup::thumbsup: While I applaud at least this effort to *notice* a difference of performance in trading off of signals from indicators of varying periodicity, but I have to observe too, that by looking at *performance*, the horse is already out of the barn -- the damage is already done...
  7. tommcginnis

    Hedging delta when gamma is positive

    I'm just surmising, but selling an -0.80 put paired with a +0.65 call could be said to be a "15-delta strangle." It's not really my style, and I have not worked the rest out in my head, but a lot of responses could perhaps use this idea. :D
  8. tommcginnis

    Why Technical Trading Signals Stopped Working

    This discussion has *everything* to do with appropriate periodicity -- or *set*of* more than one period of appropriate study. This is what so many don't get: whether your view stems from 1-minute or 1-day candles, buying and selling comes from the summed effects of market agendas that are...
  9. tommcginnis

    Why Technical Trading Signals Stopped Working

    If only there were a way to insure against these price swings -- and maybe measure this market jumpiness, too. Someone should invent a financial insurance product by which you could save yourself from price jumps (of the things you wish to buy) and wicked drops (of the things you wish to sell)...
  10. tommcginnis

    Margin on futures for different months.

    There are also heating season effects visible -- which surprises me, given the growth of natural gas as a baseload fuel source for continental U.S. (Henry Hub) power plants. I would think that summer/year'round usage would have eclipsed natural gas' seasonal demand (winter 'peak'iness), but it's...
  11. tommcginnis

    Is "Smart" order routing a sucker's play (for either fees or execution?)

    IB accepts PFOF for their "Lite" TWS, which is thereby free. The older "Pro" TWS -- which is directed or SMART-routed, has long audited as delivering better trades than the market, by far.
  12. tommcginnis

    Fed economists warn of inflation and ‘economic ruin’ if MMT-type policies are ever adopted

    I applaud the message, even if it is akin to NASA arguing with the Flat Earthers. :wtf:;):p:D The MMT flag-wavers need an actual flag. I nominate this one. Any seconds?
  13. tommcginnis

    Macro trading

    Really like your set-up. Two small suggestions -- • conditional format your Portfolio cell such that, when it returns a negative of |absolute_value| greater than the market, background would be a light-light green, and likewise, if it returns a positive value that is below the benchmark, that it...
  14. tommcginnis

    Is "Smart" order routing a sucker's play (for either fees or execution?)

    I know that it is possible to set up TWS such that it appears IB gives crap access. I *suspect* the same may be said of ToS, but I do not know this. Further, with IB being a DMA, you are guaranteed swift and timely delivery of your orders to the market (outside of any crappy TWS settings)...
  15. tommcginnis

    Why Technical Trading Signals Stopped Working

    Stop for a minute, dozer, and think about that. The *whole* thing. You want to swagger about, spouting whatever you want to call what it is that you spout -- ignoring the first word of that phrase -- the subject of that phrase .... "movement." :wtf: Dozer, what is a "movement"? How might one...
  16. tommcginnis

    Why Technical Trading Signals Stopped Working

    06:00 - 06:35 -- my favorite part. Ritholtz rocks it again. [EDIT] and 03:05 - 03:40...
  17. tommcginnis

    Probability of Touch (POT)

    Nope. The best rule-of-thumb is the one is use. (Skew and all.) o_O But these days, with multi-core processors in our pockets, I'm hoping that efficient P(Touch) calculations will start popping up with regularity. It's going to happen. ;):) [EDIT] From an off-line conversation, a further...
  18. tommcginnis

    Book strong in theory (mathematical) and practice of portfolio mgmt?

    It sounds like you want the hand-holding through the homework of a CFA approach. It won't kill you. :D Go get your hands dirty. :thumbsup::thumbsup:
  19. tommcginnis

    Inflation causes riots and wars.

    YIPES! I'll take the one in black. :D
  20. tommcginnis

    Inflation causes riots and wars.

    The whole reply was great, but this half -- and that "No, actually you can't." was jus' poetry. Jus' poetry. Elegant. (And of course, correct.) :thumbsup::thumbsup::thumbsup:
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