Search results

  1. tommcginnis

    Who is trading SPY regularly? Questions ...

    I have no idea, but yeah: I would certainly view them all, as if my account depended on it. Cuz, y'know..... :wtf:
  2. tommcginnis

    local volatility model

    Limited markets mean lumpy vol -- take an approximation. I do something similar, and calculate local spreads a $5, $10, $15, and $20, and can adjudge the accuracy of any of those 4 by whether it's in line with the other three. :cool: It's what you gotta do. I have not heard that anywhere, and...
  3. tommcginnis

    Who is trading SPY regularly? Questions ...

    :confused: Wow -- how many of you need a lesson in discerning between a 1-tail and a 2-tail test?? Pretty sad. :( Including Mr Gutless "Desultorio", who still lacks the testes to openly post.... ((Perhaps laying off the steroids might brighten your disposition while simultaneously giving your...
  4. tommcginnis

    Is Oliver Velez A Legend?

    So, did YOU join a public forum to share your wisdom about how you shouldn't bother to join a public forum and share wisdom? I'm curious.
  5. tommcginnis

    APEX Clearing just sent me a letter.....

    If there's data questions, if there's graphing glitches, if there's fundamentals research for equities to do, *sometimes* it's nice to have an alternative. Redundancy in trading resources is a good thing, and sometimes an alternate platform can fill that bill. But I went index options for a...
  6. tommcginnis

    APEX Clearing just sent me a letter.....

    Well, none of those brokers clear their own trades, so your stuff is going *somewhere*..... (Come to think of it, are they each still *around*??? Have they all been absorbed by someone else? I dunno..... even more scary, perhaps...)
  7. tommcginnis

    APEX Clearing just sent me a letter.....

    I'm curious as to why APEX just sent me a letter, giving terms as to how secure my accounts and data were. I have no accounts outside of Interactive Brokers -- a DMA, remember. Now, back ~2006, I went from ETrade to OptionsExpress and a 401k sent over to upstart TradeKing. My suspicions are...
  8. tommcginnis

    Can a retail trader succeed in algorithmic trading? (Kevin Davey vs Ernest Chan)

    Or in the alternative, you will have had to buy tomatoes at a farmers' market. ...Although, that list includes every 12-year-old with a collection of Pokémon cards, or every 30-year-old who happened upon a playable Hank Williams Library in the vinyl bins of Goodwill. ...which is available to...
  9. tommcginnis

    Can a retail trader succeed in algorithmic trading? (Kevin Davey vs Ernest Chan)

    WOW. Those are some extraordinary findings -- mostly in that they should have been screaming out for years and years. In particular, in my memory, is the notion that a normally-distributed perturbation would produce a reversion-to-mean result in the primary variable under study. (An underlying...
  10. tommcginnis

    Who is trading SPY regularly? Questions ...

    • Expenses are 100% guaranteed -- trade the SPX. • A 10 delta on an IC means a 20% chance of ITM finish -- but a 40% chance of having one side go ITM at some point. Find out why: P(touch)... Trade accordingly. • Most of what has moved the market over the past year has not been economic...
  11. tommcginnis

    Oscillators

    ...And we bask, unworthy as we are, in your light. :rolleyes:
  12. tommcginnis

    Is Oliver Velez A Legend?

    Is Oliver Velez A Legend? Sure he is. In his own mind, at least. :wtf: Where, in Chuck Norris fashion, the Market asks Oliver Velez what it should do next....:rolleyes:
  13. tommcginnis

    Is it true that demand and supply analysis doesn't apply to forex?

    Not to put words in maxinger's mouth, but I believe what he was referring to is the bullshit/lie from Online Trading Academy to the effect that a falling market that rebounds and then cycles at a lower-than-prior level comprises "retail" sellers and "wholesale" (institutional) buyers making up...
  14. tommcginnis

    Can a retail trader succeed in algorithmic trading? (Kevin Davey vs Ernest Chan)

    Awesome post. Much better than mine. Thank you. :thumbsup::thumbsup:
  15. tommcginnis

    Best technical options books as of 2018

    Guy Cohen for study, Larry McMil for bathrooms&beaches.
  16. tommcginnis

    Can a retail trader succeed in algorithmic trading? (Kevin Davey vs Ernest Chan)

    Wow! So much talking past each other -- all convinced of their correctness, but in various grades ignorant of the rest of the picture. Like the whole Touching The Elephant -- all convinced that they've got the right story..... FWIW, I like much of what Chan and Davey have put together. But even...
  17. tommcginnis

    how to adjust FB options tomorrow

    The after-hours shows most of your call positions to be ATM, therefore, all the data you're showing are starkly obsolete. Your puts are most likely good to go. But put liquidation orders in, just in case something happens (Zuck throws a brain clot or something), you won't have to think about...
  18. tommcginnis

    Cash withdrawals on margin

    :banghead: net liq net liq net liq. all else is a subpart, which may or may not be informative. particulars will depend on how you trade, but you need to learn what those particulars are BEFORE you engage in deep trading, not during, not after. Follow this advice. Be different. :cool:
  19. tommcginnis

    Payment for order flow

    If a market is 20.00 BID and 20.25 ASK, and I go in with a 20.05 order to buy, I'm lessening the hit to those who might sell @ market by 5¢. If some CLMF (co-located MFer) senses a movement to 20.00 to 20.05 and steps in front of my sent-yet-not-quite-arrived BID and takes the only available...
  20. tommcginnis

    10:03 - 10:04 ES trade: V-drop of 8 pts on massive volume?!?

    Yes! It popped from 35 right through to 40, and shortly thereafter, 3045 for a while. Nice call. [Heya, former nearly neighbor!]
Back
Top