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  1. tommcginnis

    Confusled Thinking? One reason could be.....

    https://arstechnica.com/science/2018/10/fixed-mindsets-might-be-why-we-dont-understand-statistics/ The (Bayesian) answer would be a lot simpler in Boolean terms...... In T/A, the "fixed thinking" displaces whole sets of outcomes that fail to be ascribed to the immediate study -- applications...
  2. tommcginnis

    How tastytrade calculates daily range??? Who can explain

    Yes -- and the reason is, if I'm using T/A (like ATR or VIX/VIX9D quotes, or per-strike IV, for that matter), if I think they're giving me a good picture for the next 15-20 minutes? I'll actually trust it for 5-10 minutes. They're indicators, after all... The thing about anything derived from...
  3. tommcginnis

    How long after a new NYSE listing is there an options chain for the underlying?

    My (vague) recollection is that issuance comes with pressure -- much as do smaller (more frequent) strike intervals. So, your own inquiry could make a difference (although, if you had $1B in AUM, that would probably help.....:rolleyes:)
  4. tommcginnis

    How tastytrade calculates daily range??? Who can explain

    First, the formula they use is actually specific to not just the day, but the hour and the minute -- so the results will be different at 8:30, at 9:30 cash open, at 1:45..... Second, the IV (forward looking -- "Big talk"...) versus a look at prior week's daily?? [ATR(6)], IV-talk is cheap, but...
  5. tommcginnis

    Anyone using indicators successfully for day trading?

    T/A -- whether tick scalping, intraday, 2-3day, or longer, is like having additional eyeballs on a subject of interest. It doesn't guarantee what you're seeing, and too much can certainly cloud your vision. But I'd no more trade without T/A tools -- properly tuned and focused -- than I would...
  6. tommcginnis

    Old School - Charting Paper and Steel Rule / Technical Analysis

    Printing burns paper and ink. Via the cludgy IB_TWS charting, it's an easy thing to draw straight lines, move them around, create parallels -- so I'll go so far as to note (what I think are to be) trends, try to get a visible handle on their periodicity*, and if I think I have a pattern that...
  7. tommcginnis

    Will SPX go back up to 3000?

    $600 Mil?!?! I missed it!!! Well!!! (Whenever it breaches ~$440m, I try to buy a ticket, as it becomes a rational economic bet. And ("Yayyyyy!") now that it's topped $800m, all the better!!! https://abcnews.go.com/US/mega-millions-powerball-lotteries-now-billion-combined-jackpot/story?id=58505714 )
  8. tommcginnis

    why cant i trade options when the markets are closed ?

    *Mostly* I have found it dead dead dead. Perhaps a quarter of the time I might have actually wished to trade (either SPX or ES), was there actually a market to do so. The other times (as someone noted), the likely taken price would've been beyond the intrinsic contract value, so ":finger...
  9. tommcginnis

    Will SPX go back up to 3000?

    Excuse me. Did I say next Friday? Yeah? No no no -- I meant this Friday. Yeah yeah yeah. ;) "We could be kissing 2900 this Friday.... Fergawdsakes..." :wtf::rolleyes: :D
  10. tommcginnis

    why cant i trade options when the markets are closed ?

    I think olde men pee at night more often than SPX options trade. :wtf::confused:o_O:rolleyes:
  11. tommcginnis

    Will SPX go back up to 3000?

    Ummmm. You need to specify a "By __________" point. ;) (Oh, and, no -- I will not take your bet. We could be kissing 2900 next Friday. Fergawdsakes.....:rolleyes:)
  12. tommcginnis

    What do your ATS trade patterns look like?

    I'd say, "That's Random" except, it's linear. o_O
  13. tommcginnis

    When does a correction become a recession?

    The two are nearly unrelated. As noted, a correction is a financial market convention ("a 10% drop"), and might occur multiple times in any year. A recession is two consecutive cites of negative GDP, which may occur twice in a generation. So, about every 20 corrections, there may be a...
  14. tommcginnis

    Time To Feel The Pain

    WOW.:wtf: Last hour, a descent from 2775 to 2748 or so -- thirty points in sixty minutes, 'just cuz.'o_O Wwwwww-wow. :vomit::p:cool: I hope the OP raked today.
  15. tommcginnis

    What do your ATS trade patterns look like?

    "Oh, you're finished. Well allow me to retort!" I will admit that I do not get any insight into markets, trading, or your trades, from that "Sunrise Over The Bay" impressionistic melangé you posted. But my (nearly brand new) method(s) are baldly displayed on any graph I might post. So, eh, "No."
  16. tommcginnis

    What do your ATS trade patterns look like?

    Ain't it byoo-tee-ful? Well, that's what can be shared, anyway.....
  17. tommcginnis

    Broker buy orders, stock ownership?

    something to research -- the difference between an Introducing Broker (an "IB" unrelated to Interactive Brokers :D) and a DMA (Direct Market Access) *then* take that knowledge, and read about dark pools. Ultimately, you'll find that market price, price/earnings ratios, and The Latest Tweet...
  18. tommcginnis

    on equity price movements, once more

    Are words missing here? Impossible to understand what you're seeking. But, if you follow Bob Morse' advice -- think of a farmer's market, and four or five tables selling tomatoes. What would make their prices go up or down? The financial markets are no different. "Exactamundo!" Nailed it...
  19. tommcginnis

    Time To Feel The Pain

    Yeahhhh, looks like a hard day to be short. The last time I looked was at 4:45-ish ET, and the market had bottomed, so I felt a tad better for the OP's market short. I thought the day might open flatter, and then start up with Euro-close. (And *not* with the Euro-OPEN, which is what appears to...
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