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  1. tommcginnis

    $X

    HOLY CRAP! :confused::vomit::banghead::mad: "Winning"??? Yeah. No. Agent Orange announced steel tariffs on/around March 1, 2018 -- THE SAME WEEK THAT U.S. STEEL TURNED DOWN. :wtf::wtf::wtf::wtf: "Winning"?? Yeah. No. Yowser.
  2. tommcginnis

    How To Read Chart

    Don't we have a vulgarity rule around here??? ["Effort of Bulls!" Really??? Did he really write that?!? :confused::wtf:]
  3. tommcginnis

    Whoa! This'll change things up a bit: https://interactivebrokers.capitalise.ai/wizard

    So, if COAL drops, sell COPPER and buy (steel-related) COBALT? That sounds doable -- I wonder what IB's webinars say??? I haven't watched any in a million years, but I'd certainly start there. https://www.interactivebrokers.com/en/index.php?f=2227 click on "TWS" and go to Order PreSets and Order...
  4. tommcginnis

    What did you Learn Trading the ES today?

    Ooopsie. :rolleyes:
  5. tommcginnis

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

    While I appreciate what you're saying, :thumbsup:, don't try to work an expectancy calculation on that -- it won't go well. :( (Hence, working the wings: working the "edge" of smallness/adroitness to take advantageous positions before the market knows them to be advantageous.:rolleyes: )
  6. tommcginnis

    What did you Learn Trading the ES today?

    I would specify to Uncle Ben. They would ask him the same question 2-3 different ways, and ask him to parse a FED Statement 2-3 different times, and when things lined up, you felt more comfortable to act. Dammit Janet shocked them all with plainer speak that they did not trust. They freaked...
  7. tommcginnis

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

    Fair enough -- but P(ITM) may be much hotter than you wish to go -- even with defined-risk spreads, and closer to the money shorts. The further out you go (catching 15¢-25¢), the more those things can blow up. "Ouch!" So, if you have any sort of "exit at twice Entry Premium" rule, then what you...
  8. tommcginnis

    Asking for help/opinions from option traders

    It was a horrible, horrible experience. It was KNOWN to be a brain ossifier. But I needed a 'rest' class, and BOY was that it. At a gabillion dollars a credit hour. And I could make *any* class interesting. I really could...... except this one. My GAWD just the memory makes me want to go to...
  9. tommcginnis

    How To Read Chart

    You mean, *before* they went bust? They loved it! Then they realize that the market ignores them, violates them, sucks them in and then busts their stops. (Stops, by the way, are what save "OTA" -- they actually DO teach TP and SL well. I hate to say that, cuz it takes away from their abuse of...
  10. tommcginnis

    Asking for help/opinions from option traders

    Having *suffered* through an entire graduate course in survey design, I would rather remove my own toenails with a pair of pliers than deal with bad surveys. Or roll around on broken flourescent lightbulbs. You get the idea. At any event, I'll go back through in the morning. To your credit...
  11. tommcginnis

    How To Read Chart

    This is the same sort of claptrap that flows from "The Online Trading Academy" (which name is so false and contrived, it has to be placed in quotes...) To wit: "Suppliers were in control of the market [and] bid the price down further......" Unmitigated garbage claptrap bulllllllllshit...
  12. tommcginnis

    Asking for help/opinions from option traders

    "Please select one from below... I do not invest I primarily invest in stocks for the long term I primarily trade stocks for quick returns I primarily trade crypto currency I primarily invest in real estate" Errrrr, there's quite a hole here. And that's only page 1. If you can fix that, you...
  13. tommcginnis

    How To Read Chart

    Yep: dozu called it. • Looks very polished -- so much so that it looks like it's polished beyond that for personal use -- i.e., "spamy". • The market model is startlingly incomplete: there is nothing to explain market imbalance, only post hoc recognition of that imbalance, and then "explaining"...
  14. tommcginnis

    Brokers that accept bitcoin disposit

    I don't have an answer for you, but a lens you might find it constructive to look through: Brokers serve various masters. In order of importance, they are: • taxing authorities • designated exchanges • institutionals/"industry money" • retail Your query really goes right at ol' Numero Uno, and...
  15. tommcginnis

    Are European Retail Traders better than United States Retail Traders?

    If you are asking about results -- to wit: "Do European traders get better results than American traders?" -- that would be a rather simple empirical question. But to ask whether European traders are "better" than American traders -- that's not so answerable. Think of it as a Nature v. Nuture...
  16. tommcginnis

    trading using moving averages

    Naturally, to the World H.Q. Super Distilled Genius Wisdom JAPANESE CANDLESTICK decoder phrase PO Box 42 (naturally) Outfox, ME, 04462 "Call before now," {naturally} and enter promo code "42", and be entered into a lottery to win $thousands in Confederate States Of America Collector-Quality...
  17. tommcginnis

    8.5% in 2 months

    • This is a niche play and needs to be carefully monitored. • It can be a crap-ton-load of fun. • If you don't have rigid, immutable risk control, it *will* lead to ruin. Your post seems to recognize these things, so.... as long as you're having fun, and you recognize that it might end next...
  18. tommcginnis

    Margin on option stratgies, help !!

    As a professional platform, TWS has 3-4 different ways to trade any given pattern -- including ICs. As such, it also means there are easily 9-16 different ways to make a small mistake in entry, and screw the entire thing up. (This is when spending the extra commission for a less "Pro"/more...
  19. tommcginnis

    trading using moving averages

    You mentioned the MACD. :wtf::confused::wtf::confused::caution::confused::wtf:
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