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  1. tommcginnis

    Blue light sensitivity

    Also?!?!? Try a hot shower, really hitting everything from the top of the head to the bottom of your shoulder blades, and around to your jaw and collarbone. (Think of it as the Quick Oats version of a trapezious stretch.) (I realize suddenly, this amounts to "Oh go soak your head!"......:D)
  2. tommcginnis

    Vote here if you think this is the beginning of a bear market of 2018?

    I agree that the fundamentals are (way!) strong, but don't agree that 2018 will be a repeat of 2017. The p/e [ http://www.multpl.com/ or http://www.multpl.com/shiller-pe/ ] suggests the pricing pendulum has swung far enough to make continued pricing growth pretty darn hard, and earnings have to...
  3. tommcginnis

    BABA iron condor

    Wow. Sad. I have no idea who shit in your Post Toasties, but it wasn't me. My post was intended to be helpful, in offering another view -- which presumably is why you posted. If that's a mistake on my part, then take your reason-to-post, and your bile, and shove them directly up your ass. It's...
  4. tommcginnis

    BABA iron condor

    But what if it moves 16.287% tomorrow?? (By which I mean to remind: it's not so much then endpoints, but the approach, that should cause us the greater worry.) :wtf::vomit::confused:
  5. tommcginnis

    How much depth do you have to your strategy

    OP: Your interest in depth of strategy is right on -- any idiot can enter trades, and any idiot can claim they know the vagaries of a constantly varying system. But when the shit hits the fan, those who have thought through a bigger range of outcomes will be the ones who have a clue about how...
  6. tommcginnis

    Options Earnings Trades

    I would scrape that sample off at least 30 minutes prior to cash close. After that, the spreads start to meander away from the day's 'action points' like "If we back up real slow, nobody will notice." and you end up with a lot more anomalous prices than you need. It gets plainly bad about 10...
  7. tommcginnis

    vix mark up

    WWWWOW. That strikes me as: "70+ y.o. Trumpeter challenges 30y.o gouty Kim to a cage match, winner takes on Xi for the Korean Peninsula" headline. I mean, what else? I'll take a look later, and see what might come to mind....
  8. tommcginnis

    how much can you rely on "probability in the money" calculations?

    So, I think the discussion so far can be summarized with: -- P(ITM) =/= delta -- Binomial P(ITM) =/= Normal P(ITM) =/= logNormal P(ITM) and that -- deep ITM/OTM probabilities are (to be kind) "fluffy" so, before we get too far afield (and, going back to the OP), here's two points more... --...
  9. tommcginnis

    vix mark up

    (I love sexy talk...) Question: do you mean third week May? I'll throw up a May 16/17/18 study, if so, and give a picture....
  10. tommcginnis

    What's your opinion on investing in new coins

    I wouldn't call it a "coin,".... (And I would "Run awayyyy! Run awayyyyy!" from any situation that referred to a [rightly well-regarded] software product as a coinage of any sort.)
  11. tommcginnis

    Does volume cause vol or does vol cause volume?

    I know it's Friday, but this one seems a collective miss. Does the rooster crow because the cows have come home? Do the cows come home hoping to hear the rooster crow? Coincidence does not imply *anything* by way of causation. And certainly, as the events happen at about the same time, they...
  12. tommcginnis

    Basic income

    But just to remind you of what you already know, Keynes phone did not take 8mb pictures with metadata keying it to within 2 meters anywhere on the freakin' planet, as fast as he might have poked the button, for minutes at a time.....
  13. tommcginnis

    Zuckerberg maximum sweating: Peter Thiel (Palantir & Facebook boards) works for the NSA.

    Blackberry destroyed Blackberry, by trying to be Apple. (ref. OS)... Blackberry was in fact *floated* by the US Government for a number of years, because of its perceived security (real or not) over the other formats/OSs. But your larger point (of DARPAnet funding deep into Silicon Valley/tech)...
  14. tommcginnis

    Why does Volume matter? Isn't non-involvement from institutional buyers itself a signal?

    Not to quibble (in the least) but,... -- if they're taking profits (as previous buyers), they're sellers. If they're traders who are holding, they are most certainly in the selling pool in this construct -- you cite their effect further down, when you describe what happens when inventory is...
  15. tommcginnis

    Old Timer's Advice On Trading This Market

    When all is said and done, the death/rebirth of volatility in U.S. financial markets will be connected to the FED, and their creation, and then unwinding, of a balance sheet 4x bigger than pre-Financial Crisis. Two days ago, the NYSE TRIN sat at a *very* bearish 1.60 all day long; yesterday, it...
  16. tommcginnis

    Trading fundamentals

    Just go ahead and give your money away to the less fortunate -- the 30% tax break you get will be a better return than losing it in the market. (Or, take this seriously. Do a LOT of homework, and when you feel you are well-informed, go ahead and ask *any* question you wish.)
  17. tommcginnis

    How to identify Choppy days

    "Playing with" the ATR is 100% right on target. To the degree it is useful, MACD is better suited to trends. "Play with" the ADX/DMIs, and note well when/whether the ADX above 25. (That's the very, very short version...)
  18. tommcginnis

    Why does Volume matter? Isn't non-involvement from institutional buyers itself a signal?

    Two points: -- we're *all* "sitting on the sidelines, waiting to enter" -- right up to the point that an order crosses to hit us. And then, "Poof!" we're gone! {multiple orders, aside....:rolleyes: } -- by conflating buyers with "Bulls" and sellers with "Bears", we (in this thread) have confused...
  19. tommcginnis

    Short Profit Taking & Re-entry

    You shouldn't consider re-entry. You should look around for a fresh deal -- you should look for a new trade -- same as if the whole market-trading-board were wiped clean. If you *know* something about a particular stock (let's say you just ended a 1-week study of it, and had just exited a short...
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