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  1. tommcginnis

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

    10,000%. "THIS!" :confused:
  2. tommcginnis

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

    "Slaps"? Is that really the term we want to be using? This is IB, afterall. "World access" and all that. "Faster-than-snot, cheaper-than-shit." :thumbsup::thumbsup: And you *used* to be able to describe it as a *trading* platform, not a geegaw-loaded light show with buzzers and bells at every...
  3. tommcginnis

    The Legend of David E. Shaw: Hiding in Plain Sight

    Meh. Who cares? He doesn't use "price action" -- he's a nobody. :D
  4. tommcginnis

    How to get an option assigned

    Sell the underlying. :D
  5. tommcginnis

    is it possible to de-link Financial Advisor?

    Yes, with these sorts of architecture questions, IB is usually very helpful. Four factors that impact what happens next are: 1) current market footprint: what assets, and in what markets, does the account currently hold? 2) trading rights: what access did the client account have (with IB) to the...
  6. tommcginnis

    VERY alternative investments...

    So the ol' elevator doesn't make it all the way to the top floor anymore, eh? :wtf::confused::rolleyes: "Bing!" That sound you heard was everyone losing respect for you. "Clang!" That sound right there? That's the sound of people fighting over positions to get between you and (what's left...
  7. tommcginnis

    An MMTer Explains MMT In 320 Words

    This stuff goes back a ways. But the real (and uncredited) founder of the modern version is Robert Barro, from a 1974 JPE piece. (And, per the JPE, a *great* set of sources.) At any event, Barro shows that a key assumption is whether (or to what degree) the macro-economy's households consider...
  8. tommcginnis

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

    GET A PRE-NUP! :banghead::mad::banghead::confused::confused::vomit::wtf::confused::mad::banghead: o_Oo_Oo_Oo_Oo_O "It's not about loving your mate, it's about respecting you." Had I only knownnnnnnn.
  9. tommcginnis

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

    Argh! Fundamentals can lead you to avoid the Dot.Com bubble -- but also to avoid FAANG stocks, too. It's not a crime to be on the wrong side of a coin flip, FWIW. "Finding a moat" can itself be tricky -- as the most common way is post hoc. :confused:
  10. tommcginnis

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

    1) Rule of 72 1a) Life is Exponential, not Linear. (Just that sometimes the exponent *might* be 1.0) 2) Trade expectancy. 3) Price Theory: Capital migration: The Invisible Hand moves capital to it's next best expected use, each day, each moment: stay in tune. 4) Warren & Charlie: So right...
  11. tommcginnis

    Day-Night System

    Errrrr, no I absolutely do not have to do any such thing. Noooooo no no no no. {Time for Consuela from Family Guy...}
  12. tommcginnis

    Day-Night System

    Three thoughts: 1) It's the living embodiment of the semi-strong Efficient Market: • the market went up. • the market went up on news. • most of the market news was earnings. • most earnings news come out after hours. It would be foolish to think that market-moving effects are going to be...
  13. tommcginnis

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

    I would • trade shares of the SPY and "a certain subset" :cool::p:D of leveraged/volatility ETFs, • via a trend-exploiting Rules-Based Trading regime, restricted to EOD-data -- • with long + short positions in both, with • average hold in the SPY of ~5 days, and • average hold in the lev'd/vol...
  14. tommcginnis

    Is trading really hard work?

    How's that?? It toots its own horn, and shits an incredible volume. "Ergo,..." :wtf::D:wtf::D
  15. tommcginnis

    How economies collapse

    The thing that precedes all these others is a loss of property rights -- whether from government fiat or civil unrest. When your ability to reliably harvest the fruits of your efforts *invested*, then investment ends, and all else is consumption -- consumptive of resources -- until all runs out.
  16. tommcginnis

    Theta is NOT the P/L of an option

    Your 'question' presupposes a wrong-headed premise: that theta does not belong being listed with the primary factors of an option's value. BSM gave us time, distance, rate-of-interest, and volatility. • Rho? Nobody talks about, as changes (since the 70s) have taken place outside of option life...
  17. tommcginnis

    How economies collapse

    Is a [similar] scenario likely to happen in the US in the next 5 years? Likely? Oh heavens, no. But, 35 years ago, we started major cuts to funds for college grants -- the limits were jacked up by multiples, but it was all debt. (And, "debt" to be backed by the U.S. government, to make it...
  18. tommcginnis

    Better shorting platform than thinkorswim?

    Your thread question asks about 'platform' -- and a trade long-or-short is a trade. (And so, some platforms lend themselves to quicker or less-quick trading, in-and-out, long-then-short, 'for sure.') But your narrative goes towards whether your active broker maintains a broad+deep list...
  19. tommcginnis

    Defining a Strong vs Weak Trend

    Scat and Speedo are both smarter than to equate 'steepness' with strength. :cool: (Fergawdsakes.)
  20. tommcginnis

    Best site to view biggest winners/losers and most volume for the day?

    I don't know, but check out https://www.investing.com/equities/most-active-stocks when the market opens. Huh. Perhaps with more depth? https://www.investing.com/stock-screener/?sp=country::5|sector::a|industry::a|equityType::a%3Ceq_market_cap;1 Most of us will have what you describe on our...
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