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  1. tommcginnis

    Alternatives to Excel for tabular data? Minitab? Tableau?

    All these replies echo what you've already received. The thing is, we don't really know what you're doing. Nor do we know how your Excel is prioritized by your computer -- or *what* computer you're running. If you're flogging some old horse of a computer -- or have it set up with a big block...
  2. tommcginnis

    How to I start trading stocks?

    (Mercilessly plagiarized from another thread.....) You need to find out 1) what types of things you wish to trade 2) what types of timeframes you wish to hold 3) whether you are IN-VESTING (putting assets close-to-heart), or truly TRADING (defined holding conditions where being vested is not...
  3. tommcginnis

    Your favorite book for Daytrading

    The reason that there is no effective day trading book is that there is not enough material -- it would be a daytrading *memo*. A day trading *pamphlet*. The bullet points in the day trading pamphlet would have -- be patient; cycle in; keep cash; No Free Lunch: reward follows risk. --...
  4. tommcginnis

    Recommend a book

    To start: https://en.wikipedia.org/w/index.php?search=economic+substitutes+and+complement&title=Special:Search&profile=default&fulltext=1&searchToken=3gi3f0hy5dw99ehzcljup7l95 To delve a bit further: 1) any standard econ textbook you find for $1 at Goodwill, etc. 2) From Uncle Milty...
  5. tommcginnis

    What does "normal" pre market mean?

    When you can look it up on a regulatory or exchange website, it's *probably* real. When it's hung in quotes, like "Normal...", it's probably an artifact of history. This one ("Normal Pre-Market") is an artifact. If you watch the overnight or pre-market volume, you'll notice spikes on news...
  6. tommcginnis

    The Big Short - Great Movie

    Really, really, *really* good.
  7. tommcginnis

    IB Excel Trader v.1.6 from Tradinggeeks.com: doesn't work and no support from vendor.

    You're very welcome, but now (after reading your further error description), yeah -- it looks like it's all on your [VBA] end, and unrelated to TWS. With that, I don't think that TWS_API [group] would be of any help. Can you isolate the code when/where the error occurs, and find the offending...
  8. tommcginnis

    IB Excel Trader v.1.6 from Tradinggeeks.com: doesn't work and no support from vendor.

    There's a big ol' lack of detail here, leading anyone with ideas the task of an encyclopedic reply. :( So, more obliquely.... ** I'd strip it down to nubs and make sure the thing connects -- knock out whether it is a TWS issues. ** This thing is Active-X based? I'd bring up the TWS API download...
  9. tommcginnis

    The economy is still very strong. No bear market or recession symptoms

    Your post ignores the premise of the OP's study: that the financial market precedes the economy. Your post supposes instead that retail traders/trading drives the financial markets -- rather than all that wisdom/experience that points to the bond markets or the futures markets as reliable...
  10. tommcginnis

    is this noise in these charts

    "is this noise in these charts?" You are the guy who just posted in another thread that you didn't need to know why markets move as they do, right? :wtf: The contradiction must be hard on you. :confused: At any rate, others (above) have mentioned time frames. Think on that a bit. "One...
  11. tommcginnis

    Weekends

    Certainly! I've been working on a spreadsheet for the last 36 hours. I'm worried that I won't get it done before we open (in another 24-to-48hours.....) :rolleyes: :D
  12. tommcginnis

    IB Booktrader with Bracket Orders?

    Excellent!! But you need the right soundtrack..... :wtf: :D
  13. tommcginnis

    IB Booktrader with Bracket Orders?

    :wtf: Well, that wouldn't be the first silly thing that IB has done. (Amongst other things, they took down 90% of their old-but-still-relevant webinars. Jeez.) In any event, the first thing I would do is to check under Edit/Global_Configuration/ and either look at Order Presets or...
  14. tommcginnis

    IB Booktrader with Bracket Orders?

    Actually, that's pretty bad. Recognizing that the guy was new to IB and TWS, still, he posted *numerous* errors and misunderstandings. The video should be taken down, as doing more harm than good.:(
  15. tommcginnis

    IB Booktrader with Bracket Orders?

    Get thee to thy BookTrader webinar, and allth shall be-ith revealth. (You might even shortcut it by just googling for the webinar notes, which might save you some time. The brackets you describe worked like a charm for me. ("Back in the day" and all that.) Were I to tick-scalp today, I would...
  16. tommcginnis

    Explaining option's P&L by greeks

    Ooop! Remember that these are all first derivatives that, by definition, are linear. We can all agree that the underlying model is oh-so-Normal Distributional... but constructively, Shoot. We can work with that... And hell, we have the second derivative of movement, Gamma, to help us with the...
  17. tommcginnis

    Explaining option's P&L by greeks

    Yes. But no. 1) Here's the Yes part: https://www.elitetrader.com/et/threads/use-greeks-predict-extrinsic-value-change-after-an-x-move-in-underlying.321409/#post-4661199 It references a threesome of other posts, and a pretty good thread from a year+ ago. 2) The No part: the BSM model that you...
  18. tommcginnis

    NVDA Iron condor

    YAY! But, my question went unanswered -- which was, if there were a dramatic move (one large enough to beat theta decay), what would your response be/have been? Sure, it's an important question any ol' day, but with NVDA being a *true* "tech" trade, it invites lots of market and non-market...
  19. tommcginnis

    Best RSI parameter (or other indicator) for 5-day hold

    Need a lot more info on where you're aiming... Is this for entrance? Exit? Long-only? Long-or-short? Is this a highly-variable market? (NDX-ish) or more staid (DJ30)? Is this a single entity? Or a pairs trade? I have done what you describe for years with SPX options; thinking about it for a...
  20. tommcginnis

    Use greeks: Predict extrinsic value change after an X% move in underlying

    Unconscionably wrong again. (But I'm betting you know that, and just get some sort of perverted pleasure in the thought that you might trick someone. Sad. Sadddddd, you.) SO: 1) Not sweating the small stuff will blow your account. Always and without exception. 2) Options BY CONSTRUCTION will...
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