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  1. tommcginnis

    What would you tell your 18 year old self about trading/investments?

    GOOD ESCAPE! That's 1 point. "And is his ego still intact?" Indeed it is. :rolleyes:
  2. tommcginnis

    What would you tell your 18 year old self about trading/investments?

    DUDE! Your ISSUES are showing! • I am concerned that your brain chooses to see *opposition* in a response that most would read as granting considerable latitude (though not agreement) to your opinion. Sad, that. • Your opinion lacks facts, yet you object roundly to my response. Curious or sad --...
  3. tommcginnis

    Federal Court Orders Defendant to Pay More Than $2.9 Million in Connection with a Social Media-Based

    Very much agree with you guys. Sheeesh. BUT IN ANOTHER LIFE,........ Here's a cute movie, some good acting and, By George!, a plot half-way related to this thread -- kinda like, "If you're gonna do the Time, you might as well do the Crime......" https://tubitv.com/movies/468488/henrys_crime
  4. tommcginnis

    What would you tell your 18 year old self about trading/investments?

    Your opinion is definitely the more popular one for the last quarter-century or more, but I find it lame-brained. (*Literally.*) A standard (and these days, MUCH-maligned) Liberal Arts degree is much less about *learning*, but about *synthesizing* HOW to learn in the future. Now, are there whole...
  5. tommcginnis

    Overall Position Delta in TWS and TWS Mobile

    There is a greek called Position Delta (along with theta, vega, gamma). They are, for each contract, "{greek} * position" (so, remember a vertical spread would be an additive sum of these). These are gems for risk management. Only out "recently" (w/in the last4-5 years?)... Big :thumbsup: to IB...
  6. tommcginnis

    I am Confused by Market Cap for Certain Stocks by Etrade i.e. CRWD

    If you can narrow it to Common Stock valuation, and # of shares, you can divide and get current stock price. But as the valuation might include things besides common equity to varying degrees in various stocks/sites.... "Dunno!" :( Make sure you check out all the asterisks and numbered...
  7. tommcginnis

    How economies collapse

    THAT'S THE TRUTH, RIGHT THERE.
  8. tommcginnis

    Federal Court Orders Defendant to Pay More Than $2.9 Million in Connection with a Social Media-Based

    Obviously, this is a fraud deal rather than a trading deal, so maybe this is a simplistic question but, why would someone *do* this? How could they think they would *ever* get away with it? and as well, how could they SLEEP at night? And to do it multiple *times*?!?!? To COMPOUND a fraud with a...
  9. tommcginnis

    Astrological Machine Learning for Astronomical Profits

    I think this is #6 on my Top Posts of 2019. That's some pretty good company. Wish *I* had written it. Thank you for a fine read. :fistbump::thumbsup::D
  10. tommcginnis

    What is the maximum percentage that Emini SP contract has moved in a wek?

    So nobody (besides me) was up on Election Night, 2016? THAT is an overnight! But then, it kept climbing through the week! C'mon, guys!
  11. tommcginnis

    If you have just open a $2000 account,what would you do?

    Less business risk, somewhat more market risk -- the effect of individual stocks is less (as you've noted), which means that there is less requirement to know myriad individual details. Yet, you can still have them grouped with a reasoned eye towards purpose. (Whether inverted, 2x or 3x or...
  12. tommcginnis

    A question about debit spread

    Nope, but close. Instead, your long put @$200 finishes worth $2 -- not accidentally, the same amount by which it was ITM. Your short at $195 does indeed die at $0. You could choose to have the put exercised (and exit the stock at a $1 loss {the $3 loss you supposed, minus the $2 gain from the...
  13. tommcginnis

    A covered call related question

    So if I follow this (it's a Saturday night, and beer has been nice-to-know-ya), you've got stock at $211 (let's say) stock bought at $200 -- current position profit $11 call at $210, sold at $5. What's the situation as it stands right now, 15 figurative seconds before expiration? $5 premium...
  14. tommcginnis

    Only dumb question is the one that goes unasked?

    The p/e of the Russell2000 versus that of the S&P??? Been a mystery to me for so long. And let's check out the NASDAQ while we're at it -- it's been the "p" leader for so long: how's the "e" end of things? I just scratch my head, and tell myself that a sensible narrative will be along...
  15. tommcginnis

    ES

    No help available. :( A 20¢ move for a 30-delta strike on the afternoon of its expiration would produce a sizable impact, while the same move for a 30-delta strike out a week or more would produce negligible impact. "Somewhere in there" is a 10% result. :rolleyes: (Which also means that you...
  16. tommcginnis

    Only dumb question is the one that goes unasked?

    "Yes." :confused: Market price is based not only on the business in question, but on the overall market, as well -- so if your stock is doing crappy, but everybody else is doing *really* crappy, you will see your stock go up. Meh! And then there's Baron's observation: no matter the...
  17. tommcginnis

    Bamboo

    I'm sorry, but it's Friday.
  18. tommcginnis

    Math Challenge/Find better Position Sizing

    Yyyyyyyyyyyup. :rolleyes:
  19. tommcginnis

    Math Challenge/Find better Position Sizing

    • You have no idea of what's going on.:confused: • You have cherry-picked a run "somewhere in the middle" -- so this is BUT ONE, SINGLE data point, which you THINK comes with some Monte Carlo bona fides. Wrong. SINGLE data point.:banghead: • You present 'trade outcomes' as if there were...
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