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  1. tommcginnis

    Breaking: Interactive Brokers lite commission free

    TWS is an entire rolling tool cabinet 4' high with a dozen drawers and 3-4 cabinets. MOST TWS users have learned how to open 1 drawer, and bitch/complain about the things they wish to do, having no idea of the rich conformability of the platform in front of them. These users are IB's target...
  2. tommcginnis

    Butterfly options

    His math was good; his cases were two-legged. I mean, we're bipeds, after all. It's a habit. It's what we do. Bilateral symmetry, even. (The physique equivalent of an iron condor...) In any case, for this OP, please GOD let him stay the fuque out of ratios.
  3. tommcginnis

    Breaking: Interactive Brokers lite commission free

    3-2-1, cue Tommy almost spewing lunch onto the monitor, when I read that....! :D:D:D
  4. tommcginnis

    Butterfly options

    No, you haven't. No, I didn't. Not ever. But if you're interested, I'll take you on. You have a small hurdle, in that you must read: Al Sherbin's option pricing book. Alex Elder's trading book Options Made Easy (I think) from Guy Cohen and have in your possession, his "Bible of Option...
  5. tommcginnis

    Butterfly options

    I'll answer any question you like. Pay me. $400/hr. 1hr. minimum. $500/90 minutes. $600/2hrs. $800/8hour day. $200/hr for time over 8hours, billable in 0.5hr increments. Skype and Zoom available. OR, you could do some homework, and get the ET rate.
  6. tommcginnis

    Butterfly options

    Yeah. About that..... This guy has been on ET for 18 months and 300+ posts at this point, and from the first, has been advised to 1) do some homework. 2) ask some informed questions 3) make a plan 4) trade. And he keeps coming back with 4) I am in a trade, and 3) I don't know what to do...
  7. tommcginnis

    Seek a Job (Fx/Stock Analyst)

    As a news and a numbers junkie, you've just described my life for the last 14 years. I use what I do for trading, for sure -- "pays the bills" and all that. But if I could get *paid* for it, doing it for someone else, too? "Sweeee-eet!" Unfortunately, CNBC has their Morning Squawk message...
  8. tommcginnis

    A message to some day traders.

    So, you don't even know what an algo is, do you? What it does? How it works? What happens when it doesn't? You know none of that, do you. More vacuous blather.... ["Vacuous blather -- that's kinda the worst *kind* of blather, isn't it?" It is, indeed. Yessum. :D ]
  9. tommcginnis

    Butterfly options

    :banghead:
  10. tommcginnis

    A message to some day traders.

    "Heteroskedastic" apparently came up on Amrix' Word-Of-The-Day list (or it was on the vacabulary list for that week's stat class), and he used it incorrectly half-a-dozen ways by stuffing it into sentences where it didn't belong. My "Your statement is heteroskedastic" is in-kind payback in...
  11. tommcginnis

    A message to some day traders.

    Your statement is heteroskedastic.
  12. tommcginnis

    newbie question.....re stock indicators

    • You should not be in any rush. • You should take the next 30 days, and research the calculation and implications of every "indicator" made available to you. Do 2-a-day if they're similar, but the result should be that you can explain the results to your Mom or any passing 12-year-old, in...
  13. tommcginnis

    The S&P 500 topped at 3017.8

    Do you remember Gary Larson's The Far Side cartoon? The one about "What we say to dogs" versus "What they hear"? That's how you might take these calls. Volente said, "Market blah blah blah Top. Down massively to blah blah blah before it gains blah blah. This will be good blah blah blah blah...
  14. tommcginnis

    Scalping & ECN Fees

    There is no bit of advice that is going to overcome this. You are giving away the game. You are showing up to the Boston Marathon without shoes. On purpose. You have taken to the floor of the NBA Finals with a blindfold, fully accepting echolocation because that "is how I prefer" to game. If...
  15. tommcginnis

    Riding out the draw down

    Whether MFE or MAE, assessing whether such travel is expected or part of a new regime to which I should be aware and a'tuned.
  16. tommcginnis

    A message to some day traders.

    Whoever sent those words to you did not mean to be spiteful, just unbiased. Your premises are demonstrably wrong, your arguments are tautological, your responses are off-point, yet this thread has gone 70-some pages. I haven't seen such a thing in at least a year -- maybe longer. Whatever. I...
  17. tommcginnis

    A message to some day traders.

    Such Modesty!! ["Did you mean that?" No. No, I didn't. :rolleyes: Nope. The man misunderestimates his own vacuity.]
  18. tommcginnis

    The S&P 500 topped at 3017.8

    This drop (30pts at 1330hrs ET) is B.S. -- it's profit-taking. It dies in minutes. Market will be flat for next 3 days, despite • haters hating on China • moaners/whiners moaning/whining on Iran • ignoramuses ignoring DPRK-un. • Pelosi pushing 'peachment-backers back. Things be sounder than...
  19. tommcginnis

    Open Interest

    New pricing + thin market = bumpy open interest.
  20. tommcginnis

    When Selling Options, What Delta & Expiration Date Do YOU Like?

    Arrrrrrr, Matey!!! And you DO realize that we just passed September 19th, don't you?!? "Ra-men!"
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