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  1. tommcginnis

    Reasons for trading difficulties....

    There is absolutely *nothing* in the definition of zero sum games that relates to them being "difficult" to play, easy to play, or any scale in between. ((Not to be pedantic or anything, but if I had a nickel for every ET post that abused "zero sum" over the past 12-18 months, I would be a...
  2. tommcginnis

    weekly/monthly trades

    https://en.wikipedia.org/wiki/Swing_trading
  3. tommcginnis

    Tired of always winning

    That's easy for *you* to say. :rolleyes: :D
  4. tommcginnis

    When they find the real ET/aliens, is it going to be bullish or bearish for markets?

    Probably more incentive (much like Star Trek's "Prime Directive") to *not* interfere -- esp. tech-wise. But more, just to study, to remember, to vicariously live/re-live through... ((For those who don't recognize it, STARMAN put Jeff Bridges as a alien who'd taken the bodily form of Karen...
  5. tommcginnis

    Dow

    Two thoughts: 1) there is a big difference between buying the DOW alone, and {selling} the S&P-DOW spread. 2) working the spread (not so ubiquitous a US thing as overseas), step one is to make sure you've got close-to-identical notional values -- e.g., trading $5k of S&P against $5k of DOW...
  6. tommcginnis

    Long term options (LEAPS), should have a proportionately higher time value?

    You have conflated the probability that something happens, with the magnitude-expectation of that event happening. More rolls of the die ("the longer the time..."), the more opportunity for mean-reversion: Yes, more events will increase the number of ±2σ events. But on a cumulative scale, you...
  7. tommcginnis

    When they find the real ET/aliens, is it going to be bullish or bearish for markets?

    No way. On the Death To Humanity scale, China be in front Putin's Russia. 'Merica (even the MAGA joke) be way down in 10th or 20th. But the point is that Xi is one of the smoothest mad men we've seen in a century. "Ewwwww."
  8. tommcginnis

    When they find the real ET/aliens, is it going to be bullish or bearish for markets?

    "Has Cadet Sanders gotten elected to Chief Executive yet? What? No?? Then keep going. Warp 2."
  9. tommcginnis

    Tired of always winning

    "Wooo! Winninggggg! WINNNNNN-innnnnng!!" "Woot! Woot!" :thumbsup::thumbsup::thumbsup: :banghead:
  10. tommcginnis

    When they find the real ET/aliens, is it going to be bullish or bearish for markets?

    I'd sell kitchen appliances and buy automobiles (and other non-kitchen-appliance buyers of sheet metal, simple circuitry, and formed plastic parts...).
  11. tommcginnis

    Important times during a trading day

    That's $$$ right there. :thumbsup::thumbsup::thumbsup: (Many great posts on this thread, but this piece stood out for me.)
  12. tommcginnis

    When they find the real ET/aliens, is it going to be bullish or bearish for markets?

    I gave a chat last month with the lofty title of "Einstein was RIGHT! E = mC² = Time = $$$: How Technology moves Humanity Forward"... Basically, I noted the relative trade-offs made between 'energy' and what we want done, and how at each turn, every time we reduce the cost of transformation, we...
  13. tommcginnis

    Exit criterion

    6. Others (please mention in the comment) For trend trading, it is the reversal (or at least, weakening) of the trend that takes you out. If you're fancy about it, you might have a time directive, too (like, "Take me out after 2 days if not positive...") "In with a shout, out with a whisper."...
  14. tommcginnis

    Important times during a trading day

    00:00 Go to bed!! ("Fergawdsakes!") 03:30 European Open (Check your local listings.) 08:30 Major Economic Releases (YMMV) 09:30 Cash Market Open ("Idiot Hour I" which is ~30 minutes long...) 10:00 Morning Continues... 11:30 Euro-close (from ~11:20, Euro-capital wants to buy or sell their...
  15. tommcginnis

    ToS- Option Volume

    And do you ignore others' brake lights in bumper-to-bumper traffic, as well? :wtf::rolleyes:o_O:cool: :D
  16. tommcginnis

    Hot Keys - Buy Ask +.05/Sell Bid -.05

    I thank Mr Market that my experience has always been the opposite. Somehow. Sheeeesh. $$$.
  17. tommcginnis

    TOS option chain question.....

    I am not a ToS user, but ToS provides alternative option market configurations, and unless you all have the same model picked, the IV teased out will be different.
  18. tommcginnis

    Hot Keys - Buy Ask +.05/Sell Bid -.05

    You need to chart this out, MM: what you're saying is that it's better to buy at 10.04 than at 10.00, because, gee, the market moved. :rolleyes: FSbulldog: 8,000 years ago, I set my bid to Bit+tick, and set my ask to Ask-tick. (Except for front-month futures, which are 0-tick or 1-tick...
  19. tommcginnis

    Intellectual Yet Idiot

    See?!?!? :wtf: I KNEW it was the other nooby mcnoob...... !! :D:D:D (I crack me, and I hope you, up....!)
  20. tommcginnis

    Philly Outlaws 'Cashless' Outlets

    I buy all my ammo with cash, and load it with gloves. But that's jus' me. :wtf::rolleyes::cool:
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