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  1. tommcginnis

    The king of cargo shorts

    TACKY?!?!? Balderdash! POPPYcock! Horse feathers! Again, more unfounded hate! :D FWIW, I have probably a dozen pairs of various vintages, I LIVE in them. At least 3 pair are new -- bought because they went on sail and I didn't want to throw the threadbare pairs out without having new...
  2. tommcginnis

    is market random?

    How many mathematical mistakes can be packed into one paragraph? WOW. I guess that your contention explains why there are so few mathematicians in finance. (And engineers, and physicists, and...) :rolleyes: They're all just mistaken, and wasting their lives. :confused: Poor schmucks. But a...
  3. tommcginnis

    Any advice for a soon to be full-time trader?

    That is not reality. That was a video game that paid you. Unfortunately, you're (apparently) going to have to learn the difference. May I recommend a solid practice of bracket trading? Without exception? That would keep the coming disaster stretched out some.... ["So, were you being mean...
  4. tommcginnis

    wrongful-death settlement, taxes and trusts

    Does he have your pity? :D
  5. tommcginnis

    Any advice for a soon to be full-time trader?

    Yeah -- that. But I wonder if it's a typo -- maybe $150k? Even assuming that, and I'd want a segregated account, as an extra lever for risk control. (As in, a cap on the number of contracts worked simultaneously...) Keep your résumé up to date with every quarter, and let the headhunters know...
  6. tommcginnis

    If you had a prop firm, how would you develop traders?

    My guess is that the OP is looking to fuel a story -- either a journalist or a undergraduate looking to flesh out a paper. (Given the date, probably an Incomplete that needs to get off the agenda before the serious current-semester workload ramps up...) Good on 'em, for the imagination. But the...
  7. tommcginnis

    wrongful-death settlement, taxes and trusts

    WWWWWOW. :wtf: THERE'S a refreshing bit of competence. Sheeeesh! :thumbsup::thumbsup:
  8. tommcginnis

    Online Trading Academy's new platform - "Clik"

    WOW. Sad for you.
  9. tommcginnis

    The king of cargo shorts

    :D:D:D and more :D:D:D...
  10. tommcginnis

    The king of cargo shorts

    Why all this hate on cargo shorts? They're a "fashion" item that actually works. I don't get it. :mad: ["You don't suppose that opinion explains why you're still single, do you?" No.:mad: No, I don't.]
  11. tommcginnis

    Online Trading Academy's new platform - "Clik"

    OTA is bullshit+Kelly. The Kelly part is an established calculation. It works well. But that's money/position management. Actual entries are based on fiction. ALL of it is fiction. Bullshit, plus Kelly. (So, "signal"?!?!?! That would demand they had SOME sort of theory. They don't. They...
  12. tommcginnis

    Breaking: Interactive Brokers lite commission free

    A majority in the House, a super-majority in the Senate (to provide a cloture vote on an expected filibuster), and then a Dem in the White House who'd not need to get re-elected. (So Biden -- who knows on which side of his bread lies the butter -- would be a safe veto. I "would not say that"...
  13. tommcginnis

    Algo's - What are they?

    Algorithms are stylized mathematical phrases often presented as rules. Your actions at a traffic signal are subject to a consistent logic that is easily coded into a set of decisions rules: "Algorithmic, man!" Rules-based trading is easily coded -- can be based off of week-long or month-long...
  14. tommcginnis

    Are mean reversion strategies short gamma?

    "Mean reversion" implies a "Law-of-Large-Numbers" central tendency, no matter the particulars -- that means you have a primary measure of rate-of-change ("delta") and a rate-of-change on that primary ("gamma"). An interesting conflation. Works fine, though.
  15. tommcginnis

    is market random?

    No. You are conflating nominal price movements with real price movements. The market has moved up by [{nominal-real} + real] over time. If general (U.S.) inflation has averaged 3%-4% over time, and the market has grown ~10% over time, what was the real return? "Yeahhhhhh -- that's the ticket."
  16. tommcginnis

    Breaking: Interactive Brokers lite commission free

    One thing does not follow from the other. You need a handle on math: https://www.interactivebrokers.com/en/index.php?f=1590 You are not trading against bots. Bots trade for epithelial cells -- you trade for chunks of hide. The world is not out to get you -- they don't care that much.
  17. tommcginnis

    wrongful-death settlement, taxes and trusts

    Nor does groot perceive incivility -- as in, civil life and his role in it.
  18. tommcginnis

    What is your basis of strategy to enter a trade ?

    Interesting question -- but I think what I re-worded is more of what you meant. Yes? As a one-time tick-scalper, then almost 100% index credit spread writer, and now 70%+ a rules-based trend exploiter (call that, "algo trader" if you wish).... I go back and forth between wishing/needing to form...
  19. tommcginnis

    The S&P 500 topped at 3017.8

    The quiescence is over. Anybody's game, now. This will be a market hunting for direction. Would be a good day to position for next week, so bullish will buy, and bearish will 'bye.
  20. tommcginnis

    The U.S. Economy is on the Verge of a Financial Crisis as we know it!

    We are okay. ["Is that guy off his meds?" Yep. You nailed it. o_O ]
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