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  1. tommcginnis

    US Stock Market is Made of These!

    But quite scary, too: if the fundamental nature of the market is changing, *everyone's* entry/exit rules are now obsolete. :wtf: Yowsa.
  2. tommcginnis

    US Stock Market is Made of These!

    "If we were to add the number of ETFs and options together, they would represent 67% of all products on the 13F securities list for Q3 2018. In other words, derived products are a MAJORITY of the US STOCK market today. Whatever this shifting composition – and the total roster of US public...
  3. tommcginnis

    heart palpitations on waking up at 3am in the morning rooted in fear

    The answer to Deer-In-The-Headlights is to have a plan. It sounds very much like you don't. (Being simply 'in the market' is not having a plan. And entry+2xExits is a plan.) 1) Placing brackets -- a SL on one side, and a TP on the other -- will do you SO well. 2) Watch the proportion on each...
  4. tommcginnis

    Stocks trading between bids and offer

    :mad: Somebody ought to invent a "smart router" that would not only take price, but price+commissions[!!] into account. Boy! THEN we'd have some fairness. :thumbsup::thumbsup::thumbsup: :wtf: :banghead: Oooo! Waitttttt a minute! Let me check my notes here....... :rolleyes: :D
  5. tommcginnis

    Stocks trading between bids and offer

    WwwwwwWOW. Whacked-out paranoid fiction(s). It's 2019, and since the advent of SOES, retail traders have had the ability to bring up a DOM, watch the Bid-Ask spread move and jostle up and down the ladder, and when they think they see something nice, to pop in and grab it. "DING!" and it's gone...
  6. tommcginnis

    'Mortal danger facing society': Billionaire philanthropist unloads on China

    No. Money begets distance -- what you take from that heightened perspective may be 'objective detachment' or 'practiced ignorance' -- which one depends on the person. Georgie 'been around -- he's weathered the absolute worst of mankind in the last 100 years. And if you don't give him that...
  7. tommcginnis

    An old topic: how to describe a "trend" by algos ?

    <<<SnarkSnarkSnark>>> You can quote the names, but can you use it to make MONEY? Can you show robust, sustainable, profitable market insight? Yeahhhhh. It's like that. :rolleyes: This is not a fashion show, where whether you have the latest names pop up on your Indicators drop-down window...
  8. tommcginnis

    Adventures in Automation

    I would offer, "No." Why? If you think of a trend/periodicity approach, and gaze at the major indices (EOD) and put up a straw man of "10-day cycles" -- well, that 10-day observation does not give you simultaneous Entry and Exit signals, right? It suggests a 10-day run, of which you might...
  9. tommcginnis

    An old topic: how to describe a "trend" by algos ?

    "Newer" MAs?!? "Traditional"?!? What have you been smoking? The algebra here hasn't changed since Waterloo, when the British artillery showed the French that they'd finally done their (French-taught) math lessons. If you think otherwise, you've been sold the trading version of a pig with...
  10. tommcginnis

    An old topic: how to describe a "trend" by algos ?

    No one suggests that flipping a coin is a righteous way to make an important decision, either -- however, it remains a benchmark for 50|50 decisions: your *decided* method should at least be 50% right, right? The "Random Entry" standard is only a benchmark: if you can't beat that, then find...
  11. tommcginnis

    Could use some help from someone knowledeable with IB execution

    If you go to your (up top) Tool Bar buttons and insure that "Transmit All" is there, you can create separate QuoteMonitor pages for whatever sets of underlying that you usually trade as a basket (whether for multiple futures, futures+underlying, underlying+options). Once the contract lines are...
  12. tommcginnis

    IB 's risk navigator and combo bid ask prices

    That would seriously creep me out. Please keep us posted. You've already done the whole scrub/re-install thing.... UGH. One last thought: sometimes hardware (especially GPU) doesn't care for having multiple charts going at the same time. I've only seen it once for me (in 13 years at IB), but...
  13. tommcginnis

    IB 's risk navigator and combo bid ask prices

    A little QuoteMonitor advice: get rid of your Low High Open Close fields -- they are completely irrelevant. Replacing those columns with IV, delta, bid volume and ask volume would go a longgggg way towards illuminating things. As far as the Risk Navigator uncertainty: I'd just go and roll my...
  14. tommcginnis

    How much did you lose on the journey to becoming profitable?

    For those quoting losses, I challenge you: how much money were you withdrawing along the way? Don't be quoting how you "blew up" a $25k account when you drew $1k from it for a year before blowing up. Had you counted only your successes along the way, you'd have taken a $75k account down to...
  15. tommcginnis

    How do people fail at this?

    The magic word you're needing to learn is hubris. As in, "He had the hubris to think that the market he saw right then, with it's natural rhythms and manifest (if massed) agendas, was the market he would see tomorrow. He did not know of "Hard Days." He did not know of those grotesque exceptions...
  16. tommcginnis

    An old topic: how to describe a "trend" by algos ?

    The first clue is to reverse the order of your desired research goal: capture the (probability-driven) reversal before we "see it in the charts." As you've no doubt already read, 'trends' are either arbitrary (if designated a priori) or late (if designated post hoc). So, what are you going to...
  17. tommcginnis

    Is this calculation correct ? - Emini S&P500

    GET OUT OF THE MARKET UNTIL YOU CAN DO THIS AUTOMATICALLY. (Or, is this just paper??? PLEASE say it is????) Early this morning (OP was at 0530hrsET), the market was down over 16 ES points. At $50 a point, that's your $800 negative. You Avg. includes commission -- that's why it's got a hanging...
  18. tommcginnis

    Adventures in Automation

    Hence the term, "Machine Learning". [!!!] You've got the algos laid out for choice -- contracting markets, expanding markets, quality pools, copper+transports and "MOMO" waves, right? Well, now that second (or third??) layer to choice between 'em. HA! There goes your 2019! {Hee hee heeeeee!}...
  19. tommcginnis

    Adventures in Automation

    You are, it seems where I wanted to be at the close of 2018 -- but I feel like I'm barely out of the starting gate. Many competing pressures, for sure, but I got spoiled by 2014-2017, when I was wickedly productive on options work. And worse, perhaps, is that what I've gotten up/running for 2018...
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