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  1. tommcginnis

    Random Bitcoin thoughts

    Heard in the late '90s... "This is technology..." "You're too old..." "This is The New Economy..." "Old-fashioned thinking doesn't work here...." "This is how things will work in the future..." "'Value' will come." "You better get on board." "It'll never be cheaper." "Hey!!! What just happened???"
  2. tommcginnis

    How to legally maintain that I am subscribed to Interactive Brokers?

    and save at least one copy (and one TWS configuration on a thumb-drive) AND a copy of your security card AND your security question/answers in a remote location.
  3. tommcginnis

    'Teasing' Bids/Asks to narrow a spread by submitting/cancelling orders - what's this pattern called?

    Not necessarily at all. As you watch the B/A spread and quantity-offered(s), you'll see behavior that I liken to Halloween kids lined up on a stoop: little kids might all rush forward, sacks opened, yelling "Trick-or-treattttttt!" and gleefully accepting whatever sugars are handed out. The...
  4. tommcginnis

    Dynamic Yield Curve

    That is an awesomely cool video. Is there a DVD out anywhere? Does The Academy know about this? Sundance? {OMG! Cannes?!?!?}
  5. tommcginnis

    Microstructure question

    It means that someone got talked out of Japanese Candlesticks. :rolleyes:
  6. tommcginnis

    Is Trading This Easy or Am I Missing Something?

    You are most definitely 'missing something.' The market is not fixed, not frozen, not immutable nor immune from outside influence or internally-driven structural change: what worked this morning may work today, may work next week and next month, and may, in the middle of April, dissipate...
  7. tommcginnis

    What is wrong with this picture?

    OMG. OMG. {head-shaking...} OMfG. :banghead::(:mad::confused:o_O:cool: Jeez.
  8. tommcginnis

    Iron Condor using TOS - Profits and Losses

    That's hilarious. I grew up in the middle of a thirty-mile wide hemisphere of No Discernible Accent on the Connecticut shore. West of Bridgeport, and the Brooklyn/Queens/Lon-Guy-land accent would blossom. East of New Haven, the Rhode Island twist on the Boston honk would sound. But where I grew...
  9. tommcginnis

    What is wrong with this picture?

    The "Results" column percentage basis is the $2 spread width for each underlying. (So, that much is consistent.) Otherwise,
  10. tommcginnis

    Why hedge, why not just buy a smaller position?

    But half of a spread is. But a well-timed hedge sale arbitrages between two market states. :sneaky:
  11. tommcginnis

    Why hedge, why not just buy a smaller position?

    A point of clarity: there are three types of hedges, being redundant, mirror, and uncorrelated. Each has important uses, including in the financial world. Most of this thread can be inferred as discussing mirror hedges. "A lot of " this thread implies that the lifetime of a hedge is limited, and...
  12. tommcginnis

    Iron Condor using TOS - Profits and Losses

    The only thing that matters is Net Liq. Second choice would be Net Liq vis Maintenance Margin. $$/day (the day's PnL) should be an absolute, but you still get into some eye-opening shitty circumstances by seeking to maximize $$/day, to the destruction of Net Liq. and/or exploding Maintenance...
  13. tommcginnis

    Need to eliminate the big losses

    Only when I violate my own, well-thought-out, easily-adhered-to rules. ":confused::banghead::(:rolleyes:o_O:cool:".....
  14. tommcginnis

    Need to eliminate the big losses

    I sell options. So I avoid The Big Winners pretty much every day. :confused::banghead::(:rolleyes:o_O:cool:
  15. tommcginnis

    how much is the max loss

    You guys are hilarious. Thanks for a great laugh. :D:D:D Hey -- would this be Toilet Humor? ("Nah.") :rolleyes:
  16. tommcginnis

    Need to eliminate the big losses

    1) BTDT, *lost* the t-shirt in the process. 2) "...and I am questioning if I really will be able to be successful doing this long term." That self-doubt -- that need... that *requirement* to self-evaluate and to review and to hold yourself to set, immutable standards (not so much high as...
  17. tommcginnis

    how much is the max loss

    Provided they are of the same expiry. Otherwise, the claxons will sound, the flashing lights will rotate angrily, and the head Trader-Nanny of your broker will call you personally to ask, "What are you doing?!?!?"
  18. tommcginnis

    Chronic stress skews decision toward high-risk/high-benefit

    "Bingo!" ... And with that, you just explained the difference between 30-year mortgages (secured by that lien) versus "Pay-day Loan" operators and credit cards, who operate on a "Promise-to-Pay".
  19. tommcginnis

    Chronic stress skews decision toward high-risk/high-benefit

    I missed your 'time' remark first time through. You're right on target.
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