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  1. tommcginnis

    Machine Learning has incessantly changed markets

    And there's your first mistake.
  2. tommcginnis

    Looking for software that organizes my IB option trades by strategy

    Regarding trading -- this is something I have done for years -- can't imagine it otherwise! It's simple, it's tailored, it's only&exactly what *I* want it to be. The totals for the day are on that page or, since they're labeled that way, on any .csv I care to generate, as long as the...
  3. tommcginnis

    TA forward testing sample size?

    Well with care and discretion, of course!
  4. tommcginnis

    The S&P 500 will top soon at 2925-2930

    Current S&P earnings * 16 would get your 2167. (2167-2825)/2825 = -23.3%, so it ain't that.....
  5. tommcginnis

    TA forward testing sample size?

    Very nice pattern of win size to loss size. Sez good things.
  6. tommcginnis

    Anyone living in sparely populated and quiet area?

    You provide your own.
  7. tommcginnis

    Looking for software that organizes my IB option trades by strategy

    No need to struggle: utilize the QuoteMonitor pages -- you can go by major category (I did index_options, equities, eguity_scalps etc., with each page being set up entirely different -- whether heavy in Greeks, or position management, or fundamentals or last_trade info... Tailor your trading...
  8. tommcginnis

    The S&P 500 will top soon at 2925-2930

    Right now, the world is re-calculating all its collective expensing models, to figure out the winners and losers for current China trade to be migrated to Vietnam, India, Bangladesh, USA, South America, Africa, SOUTHERN Europe....... :cool: In the meantime, China's debt grows faster than its...
  9. tommcginnis

    Need Help choosing Processor

    It's got nothing to do with trading, per se. It has everything to do with graphics load and how that load is handled by your computer. If your trading (work) load has a lot of charts, your graphics load will be greater. If your work station has CNBC or some other streaming 'Net service, your...
  10. tommcginnis

    UBS's I Condor Overlay

    At what delta & DTE did you write your spreads? What (are) your exit criteria?
  11. tommcginnis

    theta

    'Vega' is the math derivative of BSM, showing the impact of volatility changes on an underlying. Volatility is what makes some people answer too fast. :rolleyes: "Wait! Is that right?" Okay -- so we good now? :D
  12. tommcginnis

    Trouble Choosing Between Futures and Options

    Gaussian -- there's a lot to unpack there, but here's two thoughts: Options first, then futures. There is so much more to learn with options, and you've already absorbed 3/4s of it -- to switch to futures now would leave a lot of stuff dangling. Think of futures as DEEP ITM options -- get that...
  13. tommcginnis

    theta

    No. It does mean that the passage of time assists your net position, though. Remember that theta is a BSM "Greek" and as such, is a rate of change. The theta you see represents the mathematical derivation of the time portion -- you still have delta (the market-movement portion) and 'vega' (the...
  14. tommcginnis

    Specific order type

    I was thinking 24 hours later: OP desires a conditional order tomorrow: enter if $opentomorrow>$closetoday. Voila'!: Limit order.
  15. tommcginnis

    Trouble Choosing Between Futures and Options

    What you're looking for is position insurance. Options are nothing more than insurance policies. So, the answer to your question is, "Yeah -- they can do that." Get familiar with the profit/loss diagrams, and then recreate your individual ES trades on them. Now, recreate them with option...
  16. tommcginnis

    Specific order type

    It sounds like you're over-thinking a limit order.
  17. tommcginnis

    Indy 500... 230 mph for the pole, 227 mph for the back row

    Hell, in 20 minutes of racing, the back-marker gets beat by a mile! (Had to think about that for a bit..... :rolleyes:)
  18. tommcginnis

    Trouble Choosing Between Futures and Options

    I agree with parts of Times' and volente's posts. • Yeah! Learn both! I have a scale, at one end of which is 100% index options, and the other is 100% index future contracts. Big trend? Small vol? Futures. Trend shake-outs? Volatility? Options. • God bless Section 1256. • "Iron" option...
  19. tommcginnis

    Iron Condor in the Black - but two legs have no bids

    Those $1.85 ASK are place-holders -- even, Hail-Marys. If you want to have fun a bit of fun, and learn something about the market, put up a DOM and one of those longs up for sale at $1.80. Then $1.70, then $1.68 or $1.64 if you can do pennies -- but just walk it down to $0.05 in some random way...
  20. tommcginnis

    The S&P 500 will top soon at 2925-2930

    No, but if you hum a few bars..... :D
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