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  1. tommcginnis

    Coffee

    I don't know what moved you to short, nor what moved you to buy out, but when I read your post, I thought, "This was written by someone who's not solidly clear about an Entry signal not being the inverse of an Exit signal" and vice versa. Another thought was that the market which [you've]...
  2. tommcginnis

    breakeven

    I'd try to answer you here, but it'd be more complete if you just sign up for my new Trading Course -- it's usually $1259 :confused:, but if you call before now :wtf:, I'll send you a discount code for $599. Sweet, huh?? :cool:
  3. tommcginnis

    Opening and closing auctions for single stock options

    Much wider than 1x1.3 -- more like 1x10. You can observe bid-ask spreads of 33%-50% or more, in S&P options, in the middle of the day. (And that's regardless of SPX, ES, SPY, etc.) This is for the vehicle that sets the standard for liquidity. In lesser traded underlying, in the middle of the...
  4. tommcginnis

    The Best Psychology book...

    https://en.wikipedia.org/wiki/Jitterbug_Perfume Right after you've read Brett Steenbarger.
  5. tommcginnis

    Should I join this prop firm or keep trading for myself?

    ...A great back & forth, you two. :thumbsup::thumbsup:
  6. tommcginnis

    Should I join this prop firm or keep trading for myself?

    You should be doing that right now. *Every* trader should -- whatever "edge" gets us into the black right now, could disappear over the next quarter -- what are you going to do about it? What are you doing right now? Are you investigating other "indicators" than the ones you use now? Other time...
  7. tommcginnis

    Order sent to two accounts at the same time - which futures platform

    What you really want is a single "master" account that funnels trades to however-many subaccounts, in whatever proportions desired. I only know of IB for sure, but at this point, my impression is that many more have figured out how to do that.
  8. tommcginnis

    Does a disciplined trader smoke weed (?)

    That cracked me up..... :D:D:D
  9. tommcginnis

    Does a disciplined trader smoke weed (?)

    The question misread by 2/3rds of the respondents to this thread is Does the disciplined trader smoke weed (?) NOT Does the disciplined trader smoke weed and then trade while high (?) What a bunch of ninnies. Unclench your cheeks boys. Pull your panties back into place. It'll all be...
  10. tommcginnis

    Books on Trading and Investment

    Okay, well, a lesson about Life for you then: realize that the book has its own message, and does not care why you picked it up. The book was about habits of 'your next-door neighbor' that will make them millionaires while you languish trying to make up for bad spending habits by taking more...
  11. tommcginnis

    Books on Trading and Investment

    "Or something like that..." I'm very curious as to what issue you have with this statement. Even with broad alterations (given that you can't remember it precisely), it remains "do not burn capital on a depreciating fashion statement of mostly sheet metal and paint". You have an issue with...
  12. tommcginnis

    Profitability despite lack of dumb money

    So, "lack of dumb money in the market" means you trade in Lake Wobegon? Where all the traders are above average? Yeah. That'd be a tough one, alright... :rolleyes:
  13. tommcginnis

    Storing time series data

    Why for, "worst"?? That looked like a template that would have my Functional Programming friends all tingly with joy!
  14. tommcginnis

    Does a disciplined trader smoke weed (?)

    Given the behavior of some respondents on this list -- or some occupants of the U.S. Executive Mansion --- we'd all be better off burning a fat one. :wtf: I know. I know: "small sample size!" :rolleyes: (Still. Striking trend.....) :D
  15. tommcginnis

    Should I join this prop firm or keep trading for myself?

    Very much disagree. If active trading is 'value arbitrage' and acts as the grease between buyers and sellers to join value assessments 'sooner' (with your capital in play than without), the process of injecting *more* arbitrage capital into that market will quickly dilute the usefulness AND the...
  16. tommcginnis

    Storing time series data

    A lot of generalities flying by here -- in terms of data size, frequency of mass input, definition of "storage" (in size and in duration).... but: For a lower-level, general purpose ap., I store, and then tap for one input, a single .csv file. The output grows to about 10x the input size, but...
  17. tommcginnis

    Another free platform coming

    I "liked" the post -- but truth be told, for no particular reason, than to thank ajacobson for posting it. (Which I don't think I/we do enough of...) So, I'm around 11,000 on the wait list for something that sounds very much like Robinhood. "Eeeek!" I'm actually quite doubtful, but I always...
  18. tommcginnis

    Should I join this prop firm or keep trading for myself?

    There is absolutely no way that this (moving from WI to NY to trade prop) is a good idea. If things go to shit, you have an established social network, plus vastly reduced living expenses. In NY? You's screwed in no time. You trade alone now: your successes and your failures are your own. In a...
  19. tommcginnis

    Would you sell a stock if you see a better buy?

    Why was I in Stock A in the first place? As a general rule, capital mobility demands that capital seek its greatest return. If stock A has no promise, then I have the risk of A's going down, while having no promise of return. Second, "generate any buy or sell signals" suggests a problematic...
  20. tommcginnis

    Is Luck Subjective ?

    Actually, the other way 'round: "luck" only works in a subjective world -- there's no room for it in an objective reality. That said, I always remember Arnold Palmer's (alleged) response to "Lucky shot!" on hitting a hole-in-one: "Funny, but the more I practice, the luckier I get."...
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