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  1. tommcginnis

    Is volume analysis useful in index futures?

    "Bingo!!" (IMNSHO.)
  2. tommcginnis

    Which is the Best Way to Trade Stocks Given an Up/Down Move in the Index?

    No no no -- in this case, most definitely, huge is good.
  3. tommcginnis

    Which is the Best Way to Trade Stocks Given an Up/Down Move in the Index?

    I would put stock into seeing that t-shirt get wet -- is that what you meant? :):):D:):)
  4. tommcginnis

    Now it's getting ridiculous!

    I went to my online dating profile and re-named myself Digi-cash Master, and I've received 3 requests / proposals from pure hotties in the last 45 minutes. Six. Make that six. Nooooo, 7! Hey -- look guys -- gotta go. Up to 29 in 50 minutes.
  5. tommcginnis

    Does Elliott Wave Theory actually work?

    Does Elliott Wave Theory actually work? No.
  6. tommcginnis

    Feeling a Little Down

    Paper trade. Write down your trading protocol as if you were going to program it. Program it.
  7. tommcginnis

    Which is the Best Way to Trade Stocks Given an Up/Down Move in the Index?

    Buy the rising stocks; sell the falling stocks. Rinse; repeat.
  8. tommcginnis

    implied volatility of individual option leg

    tos_user, I am not a ToS user, but I do know that it has individual strike IVs -- as does every other option platform of which I am aware. But like RM, I am not convinced you have really thought out what it is you want. The IV of a single strike is a single datum -- and to have a graph, you...
  9. tommcginnis

    "Buy The Rumor, Sell The Fact".... on the tax deal?

    I confess I was *hoping* for it, but we have seen so many typical market behaviors put on hold over the last few years, I was/am not confident of a take-profits day (or two). I've got a too-big collection of stinky positions on top, and I'm taking them out, and waiting for vol to recover. (Heh...
  10. tommcginnis

    Managing winners

    "Relative" to what?? The Future!!! (Way big :thumbsup::thumbsup::thumbsup:)
  11. tommcginnis

    Managing winners

    Some thoughts: "Kelly" was developed as a signal-to-noise metric -- it was not intended to follow a specific wave, but the entirety of transmission. Kelly has been borrowed (and enjoyed!) for the entirety of trading: portfolio analysis. And Kelly is useful for overall strategies' evaluation...
  12. tommcginnis

    Futures Options settlement at expiry?

    No -- what you're observing is the nature of the ES FOPs for that expiry.
  13. tommcginnis

    Managing winners

    Risk is for sure. ("For sure!") :D
  14. tommcginnis

    ES→SPX ≈ 3pts! Here comes the interest rates!

    Our futures had been in backwardation for a long time -- this move to contango got my attention. Less than figuring out the structural equation changes needed to see such results, I was just trying to identify the current, real-world changes going on. There are some markets out there that have...
  15. tommcginnis

    Futures Options settlement at expiry?

    It's the exchange, as well. Stuff cleared to CFTC rules (that near-instantaneous resolution of ES that you noted) is also so-way-badly subject to SPAN screwations in your account. (Godawful bad news.) Stuff cleared to SEC rules (SPX, say...) takes longer to resolve (2-4 hours? more?), but at...
  16. tommcginnis

    Does a huge amount of open interests mean the smart people know something?

    But if you *do* invest -- only buy stocks that are going up. (That's my advice, anyway. I mean, you know, "YMMV" and all of that...)
  17. tommcginnis

    What's better, systematic or discretionary?

    sle, re: your original post... A whole lot of decision-making in humans is (/can be) in figuring out the relevant data. And, just like when looking at any stock chart, we may sometimes end up with *so*much* data that we lean over into the dreaded analysis paralysis. {Someone in the crowd was...
  18. tommcginnis

    looking for a new system....

    Euler, I thought your post was funny -- had just the right amount of near-tangible to seem realistic, but more than enough snark to say, "Oh, I am SO sick of hearing/reading this crap." I dunno. I thought it was well-played. If you'd made it *too* obvious, nobody would've responded; if you made...
  19. tommcginnis

    Does a huge amount of open interests mean the smart people know something?

    Some marvelous hints of verticals and calendars around the major strikes.... But to infer motive??? Wooo! Not me. I'd restrict myself to observing what such risk buy-in and sell-out could do to other movers -- options are, remember, insurance.
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