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  1. tommcginnis

    Intellectual Yet Idiot

    "As far as economists go, their track record is failure after failure." That must've been the other nooby mcnoob. :rolleyes: As an economist, and one who has bitched and moaned about the policy-wise maladroitness of things like "student debt" and "treble-Pain&Suffering in medical malpractice"...
  2. tommcginnis

    Philly Outlaws 'Cashless' Outlets

    And a Stop&Frisk on my car/person. ("Oh, wait: that's bipartisan these days....." :confused::vomit::(:(:( )
  3. tommcginnis

    Those WTH trades/charts?

    "Bingo." At least, that where I'd start. This is the fourth 'needle-pegging' day in since mid-June? I'd want to know all about the others, too -- including how much volume traded in the prior week. "FWIW" and all that...
  4. tommcginnis

    Philly Outlaws 'Cashless' Outlets

    I'm good with that -- it just adds to my list of Reasons Not To Visit The East Coast. (So far, Vermont, Maine, and New Hampshire still score major wins, however.... :D )
  5. tommcginnis

    Scientists Prove Crowded Hedge Fund Stocks Are Real and Risky

    Yipes! That would drive your account to $zero in no time. :confused: In fact [in thinking about it a second further}, I think that describes the worst sorts of trading -- like Buy High & Sell Low. :vomit: Egads. Nooooooo, I don't want whispered Entry signals, I want "Shout 'em from the Roof...
  6. tommcginnis

    Fed’s QE Unwind Reaches $501 Billion, Balance Sheet Falls Below $4 Trillion. “Autopilot” Engaged

    I appreciate the focus on a principal issue, but the graphs used truncate the applicable time, and make it look like the QE-resolution is farther along than it is -- by a *huge* amount. In fact, the FED balance sheet is still 2.5x what it has been historically. And the drop from $4.5T to $4.0T...
  7. tommcginnis

    dowjones and nasdaq index

    Why I truly appreciate the humor of your post :thumbsup::thumbsup:, I have to clarify that there is reliable money in T/A. The snark in my post was too subtle for my own good: the "My T/A told me so" part was a poke at the blind religious adherents. (The fans of The Right Reverend Dr. Elliot...
  8. tommcginnis

    PDT Question

    • IB has various indicators to show your PDT exposure; find 'em, and put them on your dashboard. • I believe that if you beg and ask nicely, a broker can allow an exception. I'd research that before I called. • IB cares about IRS exposure; SEC exposure; big customers; little customers -- in that...
  9. tommcginnis

    dowjones and nasdaq index

    They had to fall; my Technical Indicators said so: :rolleyes::wtf::confused::p:wtf::rolleyes::vomit::cool:--:D:D:D:D
  10. tommcginnis

    Scientists Prove Crowded Hedge Fund Stocks Are Real and Risky

    "How do you position yourself to... Be in first few position of the herd"? You need to enter on a shout, and exit on a whisper. :wtf:
  11. tommcginnis

    Suggestions for improving a Walkforward test?

    That smells an awful lot like a bull market. "...changing the trading system itself" might be modified to "...examine the base assumptions of the actual system, and identifying triggers that would exit one system, and incorporate (or, "trade into") a different one. My own philosophy (backed by...
  12. tommcginnis

    5 Basics of Options in 5 Minutes

    Wow -- high compliments, guys. Thank you, truly. Tyler, the graphic was pulled from a web search -- I just pulled a url from: https://powerprofittrades.com/wp-content/uploads/2016/07/risk-graph.jpg And I would tweak/clarify #2, so's the whole thing reads Do The 3 Basics of Options in 3...
  13. tommcginnis

    Do personal problems seriously affect your investment/trading performance?

    Serious issues can seriously wreck your mind. I'd say more, but I'd just be repeating Wikipedia on Maslow: https://en.wikipedia.org/wiki/Maslow's_hierarchy_of_needs There is no way you're going to trade like a peak trader, when your base has been torn to shit. We should *all* have a 25th...
  14. tommcginnis

    Call option value, exercising or selling the option

    https://www.ebay.com/itm/Options-Made-Easy-Your-Guide-to-Profitable-Trading-2nd-Edition-by-Guy-Cohen/302334994391?epid=45870801&hash=item466491e7d7:g:7qEAAOSwq1JZL1so&frcectupt=true
  15. tommcginnis

    5 Basics of Options in 5 Minutes

    #4 -- lose the part about "lose $10". You only lose the purchase price; you're follow-on comments try to correct this. In general, though: Do The 3 Basics of Options in 3 Minutes: #1: Options are insurance: -- a right to buy cheaper (like a sale coupon) on top. -- a right to sell higher (like...
  16. tommcginnis

    Scientists Prove Crowded Hedge Fund Stocks Are Real and Risky

    With just a few tweaks, you just described a good trend-following algo. "Sweet!" :D
  17. tommcginnis

    Analyzing similar patterns in the past

    Not to be too graphic, but the two-word reply that comes to mind is "Science boner." I wonder what would happen if I googled "Science boner".......... Huh! https://www.urbandictionary.com/define.php?term=science%20boner
  18. tommcginnis

    Analyzing similar patterns in the past

    This is the sort of horrid pseudo-science claptrap that gives so-called Technical Analysis its bad name. Oh, wait -- I'm sorry: what is your thesis here? -- what were the primary drivers of the first charts? -- what commonalities drove the 'patterns' of the follow-up charts? -- what are the...
  19. tommcginnis

    Is trading without charts possible? How?

    As a tick scalper, I learned that a candlestick chart was at best a redundancy to the DOM, and at worst at distraction. If I wanted something besides the price ladder, it would've been the ATR, and then an averaging calc (SMA, EMA, ADX, whatever). But the actual, instant prices? Nah. For...
  20. tommcginnis

    Day Trading Encouragement

    https://www.elitetrader.com/et/threads/day-trading-encouragement.330415/page-2#post-4817084
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