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  1. tommcginnis

    TraderEX -ES e-mini-One Tick Warriors Unite-Tradovate

    C'mon, Mark -- you and everybody reading this knows your whole metaphor is bass-ackwards and fuqued. The lion who took on the fully-growed wildebeest got gored a long, long time ago, and his genes were dropped from the pool. And for good reason. The lion who lays in the grass will happily jump...
  2. tommcginnis

    How much income do you need from trading?

    When I was 18, I hiked the Appalachian Trail -- 6 months of getting excited about finding clean water, doing 25-mile days by noon because the town's Pizza Hut had an all-you-can-eat lunchtime buffet, and learning how to live with one set of clothes while humping up and down mountains in the sun...
  3. tommcginnis

    What are the most conflicting things you've heard from ET?

    Simulation/Paper-trading is necessary to professionally tune/prepare for live trading + crises. Supposed benefits of Sim/Paper trading are all a myth, promulgated by newbs who would soil their pants with a live trade.
  4. tommcginnis

    Do you rely on your trading to put food on the table?

    WRONG WRONG WRONG. 1) I took my graduate academics from renowned scholars (much better teachers than their student). I sat in on every seminar, workshop, and paper presentation from other institutions (Ivys, Stanford, Michigan) that I could squeeze into. I packed my brain with (more than) it...
  5. tommcginnis

    Profitable Options Traders - Long Term

    Long-time vertical credit spread seller here. Have done pretty well. ("Uh-ohhhh.) Confronting Groundhog Day, I had to force myself to pay attention to IV↔HV, and to simply NOT enter the market (or even roll in the market) unless IV>HV. To fill in the less-than-100% use of capital, I'm...
  6. tommcginnis

    Do you rely on your trading to put food on the table?

    I am not going to look this up or anything, but I highly suspect that those who think "it's impossible to need money and trade" are the same posters who disparage paper trading as 'unrealistic.' They don't get the connection between the imbuing paper trading with the importance it very much...
  7. tommcginnis

    Options Portfolio

    I've gone from 'many' $5wides, to much less $10-$15-$20-wides, benefiting by having half to a third to a quarter of the entry commissions. 'Rolling'/escapes are done almost exactly the same, but with much less volume. (Again, lesser commissions.) But, less than the absolute number of positions...
  8. tommcginnis

    Options Portfolio

    If I were to head back to individual equities, I would bring an "overnight risk" tool with me: I took the BSM PDE, and stepped it out over -1.0 -0.5 -0.25 0.0 +0.25 +0.5 +1.0 steps, for a duration of 6.5 hours. (That means it works well for overnight, AND for roughly a full trading day.) When...
  9. tommcginnis

    Options Portfolio

    I cheat. I watch 500. SPX. :D
  10. tommcginnis

    Do you rely on your trading to put food on the table?

    Not even a little true.
  11. tommcginnis

    Do you rely on your trading to put food on the table?

    Been trading for ~12 years -- sometimes 'full-time', sometimes less; lately, full-timeX1000. After at-least matching the market with vertical spreads (in the face of The Amazing Shrinking VIX...), I'm trying to put the pieces together to sell-out. I've seen 'the end of the tunnel' for a year...
  12. tommcginnis

    Jeopardy Question

    Argh!!!!!! Not only did he miss the correct word (with a verb rather than the noun!) but HE DIDN'T ANSWER IN THE FORM OF A QUESTION. Jeeeeeez-oh-pete. :p
  13. tommcginnis

    Anyone know what time VIX options settle today

    "Whenever they feel like it?" I've never glued it down, but it's always seemed like a variable thing happening within the next 24 hours -- at least when it's hits an IB TWS Portfolio page.
  14. tommcginnis

    Jeopardy Question

    I flunked 4 years of high school Latin, just so I could answer questions like this. It was a blast. The first year, the guy was bitchy. I was a long-haired hippy-wannabe, and looked/played the slacker role with élon. Forrrrrr sure. So, the second year, I walked in, and he looks up with...
  15. tommcginnis

    Have overall corporate profits ever had a sustained decline?

    If you had been 'market aware' for the last 18 years, versus the last 8 -- your perspective would not be quite so rosy. To wit: http://www.multpl.com/s-p-500-earnings/ Adjust that for inflation[!!]..... Compare this to the market crash that produced The Great Depression -- in fact that was not...
  16. tommcginnis

    How a parasite from cat poop can reduce your fear

    Either that cat be trippin', or it's about to whip a vertical claw-down to the face of the guy with the camera. YOWIE. :wtf: (Or, maybe the *posture* is calm, but the puss is poised for *action*.... Are we back to Trading yet? :D )
  17. tommcginnis

    A Fine Morning for a Calendar...

    Who knows how long it will last (or if it's in that many markets besides the SPX) but, with the VIX9D at 9.85, and the VIX at 12.45, that's a fine starting point for a calendar. (YMMV. Calendars are not something I generally do. This just kinda pops out -- 2.6 vol points??? Yowie. :wtf:)...
  18. tommcginnis

    Buying Climax AMD

    What's your "Ewww! I WISH!" price? $23?? Sell that put. (And sell it and sell it and when that one expires, sell it again. :)
  19. tommcginnis

    I have simple algo to automate

    You haven't specified a platform, except "similar to tradestation's easy language".... That's going to make it a hard question to answer. FWIW, if you've got an easy .csv download, you can do what you're seeking in a spreadsheet.
  20. tommcginnis

    what is the correct EPS?

    It doesn't matter that it's 2018 -- this is an old complaint. :confused: So, you'll get plenty of sympathetic readers, but few (new) answers. Sorry. :( I think, the best you can do is, much of what you've already done: shop around, look for consistency by release, and then from...
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