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  1. tommcginnis

    Combines Stock/Option Activity

    Without knowing the definition of "market center," it would seem that 8 trades equities, and 9 trades options. This would reflect a common bifurcation around the globe.
  2. tommcginnis

    IB's Securities Claim Recovery Program

    AFAIK, this is an SEC requirement placed on every broker.
  3. tommcginnis

    Position Sizing For Options

    Here we go again: mouthing platitudes about how much risk per trade, while not specifying that the trades need to be uncorrelated. (E.G., an AAPL put spread for Feb1 is 90% correlated with an AAPL put spread for Feb8 -- "Hello!" :wtf: )
  4. tommcginnis

    Natural Gas options - is this a covered call?

    (( You *always* keep the premium...)) (( The trick here is that your commodity misses out on some revenue, but that is not part of this trade, it's lost opportunity.)) It seems like you're describing yourself as a commodity seller of NG, so let's assume your $3.42 is a BE with...
  5. tommcginnis

    RIP John Bogle

    Some great statements here, but don't forget Charles Schwab. ( The man, not the company...!)
  6. tommcginnis

    Electricity Trading

    "Unclear." The buying of carbon credits raises the market price. The rise in market price would offset/lower the cost of ("green") measures undertaken by the utility (or non-price-regulated entities selling into the larger pool). In so doing, a 25¢/kwh solar unit might be chosen over a 22¢/kwh...
  7. tommcginnis

    How legit is options selling?

    While everybody is wailing about P(ITM) and expectancy and all that, keep in mind that most most most people do not hold through expiration: they exit-or-roll when the price doubled from what they sold, or they exit-or-roll with their strike ATM-regardless-of-DTE, or they exit (triumphantly)...
  8. tommcginnis

    Electricity Trading

    I wasn't there (CA), but I was very much in the middle of it nationally. And 'those who knew' were all in dark, smoky rooms. They constructed lamb-suits for the wolf-looking utility mouthpieces to stroll into regulatory halls and connive and swarm the flocks (legislators, appointees, and tech...
  9. tommcginnis

    How to proceed after missed big winner, size-wize (Fractional f)

    What is your biggest tool-to-bear on your trading results? Is it your brainpower to supervise entry/exit/MM? Then don't enter any trade without you're being 100% present. (This includes, BTW, having a trade on and constructing a bracket exit to take you out at some later date/hour.)
  10. tommcginnis

    Can stocks like AMD, SQ, MU, handle intraday orders of $300,000 without moving the price much?

    $300k on issues that go $20; $30; $50 lends you quantities of 15k; 9.7k, and 6k -- this is for issues that trade daily in the millions. Turn on your platform, cue up both contracts/minute and trades/minute. Know the difference between the two. Bring up 1min charts that have Volume included...
  11. tommcginnis

    Lot size in day trading

    Market sims can only work with market data -- by definition. So your ability to sell+clear above-market quantities will lack the flood-to-offer slippage that live trades of that sort would produce. There would still be slippage from every tick away from the bid, but not both. Here's the thing...
  12. tommcginnis

    Watch Out VIX: Nasdaq Amps Up Volatility Game

    Aren't we six years late? https://www.thestreet.com/story/11549801/1/cboe-special-feature-vxn-futures-debuting-today.html
  13. tommcginnis

    Is there a way to foresee a slow/choppy session?

    Ye olde A.T.R. There will be ATRs you will not wish to be trapped in. There will be ATRs that demand you stay in (the) harbor... And they will be displayed, per market, per time period, via ATRs.
  14. tommcginnis

    Trailing Stops?

    The flexibility is meant to conform to your mental image of the market. If your mind has the market turning on its mark-to-market, then that's how you should set up your trades, and your brackets. If your brain is focused on a down-turn, and you're worried about what will happen to market...
  15. tommcginnis

    Is it just me, or is Trader Workstation a terrible app for options trading

    It's you. But keep in mind what you wrote: is TWS a *trading* app? And the answer is Yes. (Or, "Yes" with an asterisk.) *TWS, as delivered, is a glorified spreadsheet. But its configuration ability goes way beyond what (it seems) 90% of TWS retail users do. Interactive Brokers puts out TWS as...
  16. tommcginnis

    Futures or Options

    I would vote Futures, for sure. Why? Options track an underlying, but from both sides (above and below), and require you to think about where the underlying *will* go, and where it will *not* go. Futures are a half of half the work. 1/2²....
  17. tommcginnis

    Best financial advice I heard regarding trading courses

    I love to go to those things -- they have the *greatest* cookies. And it's like a graduate seminar in Fraud. It's like Suckerdom 502 or something. And I get a fresh charge of anger, when I look around the room at all the dupes lined up for the fleecing. I take *ferocious* notes, as if I were...
  18. tommcginnis

    Principal Components Analysis

    Not sure I follow you -- but for me, I wanted to see sensitivities -- I wanted to see the market's expectation(s) so that (in this case) I wouldn't be trapped in one leg or another. Extreme peaks were a giveaway that there was an event to which I needed to pay attention.
  19. tommcginnis

    Milk is bad for humans

    I know it's early, but if not Best Post 2019, then certainly Best Post, January 2019. Cracks me up.
  20. tommcginnis

    Milk is bad for humans

    I only ran 15 miles/week, but on concrete, and at a 6:00-7:00 clip, compared to 10:00-15:00/mile in an ultra. (All of my exercise was 'quality' over 'quantity' oriented. I was a shitty athlete, training-wise.) I know most of the people around me at the time were piling up 40-50-60 miles per week...
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