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  1. tommcginnis

    Time To Feel The Pain

    Good luck. This Saudi business (or better, this Turkey/USA/Saud business) has me worried. Such a short-term trade as you're describing would have me up late. :confused: (We're down 0.30% at 21:45ET -- I'd feel better if we were down more, and flattened or climbed towards Monday open. I'd rather...
  2. tommcginnis

    Scalping Vs. Runners

    Shill much?
  3. tommcginnis

    Do you need to understand where the edge comes from?

    Two thoughts: ☼ Not knowing the details of an algorithm is a trading disaster waiting to happen. The market over which that algo was formed simply does *not* last forever, and if you're not monitoring, and *knowing*, when your expectancy goes to Suck! level, then you're going to lose not one or...
  4. tommcginnis

    Scalping Vs. Runners

    A "runner" is an accident -- *not* something to be relied upon -- and if you aim at it as your primary trading target, you will be bitterly disappointed. And then, broke. Tick-scalping requires a minimum ATR of 2-3 ticks (and 4-5 is better), such that you can get in and out, all day long, and...
  5. tommcginnis

    Cramer: Trump shouldn't publicly attack the Fed, but I agree with him

    Yeah -- that was a typical Cramer punt. 2012, Trumpidiot was maligning the FED for "sparking inflation! It's terrible! It's gonna be massive!" Wah wah wah. And now that he figures the winds have shifted to the other tack, Mr. Weathervane has himself shifted, 180°/100%. (For 30+ years, that guy...
  6. tommcginnis

    Will take a while for the stock market to recover

    Sorry, but that's an entirely glib assumption that assumes $0 long/short in your portfolio, and constant liquidity. "Holding" is a fact of life. Back to the OP, "Holding long" means you're a'wishin' that the market recovers today, whereas "Holding short" means...... you're wishing the market...
  7. tommcginnis

    Organising execution data

    Organizing your systems to separate QuoteMonitor pages would stamp that page's Order Ref. on each trade made, which would allow you to collect/manipulate it without further bother.
  8. tommcginnis

    Will take a while for the stock market to recover

    At least once a month, there is a big loss or gain to someone, based on a change in market valuation. That story though, is painted (if stippled) across *all* of the shareholders -- value gone from their net liq., because of a market turn. No one bought the other side of that -- there was...
  9. tommcginnis

    Weird Spreads on Options

    You can stick your nose in at $8 Ask and you'll see one-or-both sides tighten up quickly. (I always think of it as pissing off somebody, somewhere ... "Aw! Whatter ya doon! I'm sleepin' here!" :rolleyes:
  10. tommcginnis

    Organising execution data

    Don't know what you're terming "execution data", but I have spread/market data that I match with position data on a QuoteMonitor page that I scrape to a .csv as needed. I don't have separate accounts trading the same positions, so I can segregate with separate .csvs. I copy the data into a page...
  11. tommcginnis

    Will take a while for the stock market to recover

    If I recall the S&P earnings, the market should be about 2350. It's still kissing 2750 smack on the lips. So, what I *think* it should be -- long term? And what *reality* will show me -- tomorrow? Gonna be different things. I'd risk $16 going long right now (2745), exiting with a stop at 2729...
  12. tommcginnis

    So, you were cheering for the market to crash, What do you do now?

    I like your hypothesis -- and appreciate that it's a popular one, but I think it conflates the Fed Funds Rate as a causative precursor to a drop in equity valuations, without a corresponding sequence in data. For example, inflation is absent -- and so, the changes in both the Fed Funds Rate and...
  13. tommcginnis

    A lot of gap

    Okay -- deep breath now: You do realize that in any market trade, both sides enter voluntarily, and so expect to be better-off post-trade? *Somebody* is making money. It may not be immediately apparent, but..... to opine "It's impossible to make money..." ignores the other side of the trade.
  14. tommcginnis

    Does Technical Analysis Work?

    So, to translate: 1) You find that T/A works for you. 2) You sell on purple arrows where mysteryblackline turns up. 3) You buy on black arrows where mysteryblackline turns down. 4) You contend that your system outperforms the lowly MACD. Fair summary? :D
  15. tommcginnis

    Does Technical Analysis Work?

    The lowly MACD would've made you a boatload of cash in 1929. https://www.tradingtips.com/indicators-that-spot-a-crash/ Maybe you have an issue with that. o_O
  16. tommcginnis

    So, you were cheering for the market to crash, What do you do now?

    So, you are trading without trailing stops... :(
  17. tommcginnis

    A lot of gap

    No. :D
  18. tommcginnis

    Central banks raising rates to quickly? Nah. If anything they are too low!

    I've noticed that whenever there's a top or a bearish breeze or whatever, and then the sun comes up? The market goes down. I think we should ban the sun coming up. :wtf: :D
  19. tommcginnis

    Does Technical Analysis Work?

    Your post is probably *very* meaningful to you. But to the rest of us, we're kinda,.... "So?" o_O Posting what you would use as entrys and exits of the RSI would be much more meaningful. If they exist. Not to put you on the spot or anything....
  20. tommcginnis

    Does Technical Analysis Work?

    And importantly, it's not so much about *predicting* "where the market will go next" as it is in *accepting* what the market has done so far, and then placing a righteous STOP where the market has demonstrated that a true turn/trend would hit. That's it! No magic! Measurement + numbers =...
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