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  1. tommcginnis

    Automated Day Trading

    No. Not only did you ignore compounding, but more importantly, you ignored "I.I.D." conditions -- which is to say, your eventual returns will depend on the sequence of events, because the individual events in your trading account's calendar are most certainly linked to the events which preceded...
  2. tommcginnis

    How does one get started with API trading?

    An API is an interface -- that's all. It's like a translator at the U.N. -- there are as many as there are different languages. It allows you to interface with some application you like (and wish to program some bit of, yourself). Whether you wish to duplicate what's already there, or wish to...
  3. tommcginnis

    How does one get started with API trading?

    First, the horse: What are you trading? From what platform/DMA? What meets/doesn't meet your needs? Then, the cart: Does it have an API? What languages? etc etc etc.... ooops. :rolleyes:
  4. tommcginnis

    Are you above average

    net liq. net liq. net liq.
  5. tommcginnis

    Three questions regarding selling iron condors

    One of the first Myths Of Retail Option Trading that you should kill is the idea that OTM theta is a geometrically-decreasing line. It's not. From ~45 days out, it's nearly linear. If way OTM, the actual decay rate will go to 0¢ as the IV stair-steps up: the thing is holding onto it's last few...
  6. tommcginnis

    What is your life's work outside trading?

    A curiously higher number of backcountry/climbing/distance runner types here. :D I'll bet too, a higher-than-expected number of INTp/_ from the Myers/Briggs world. Hmmmmm.
  7. tommcginnis

    Help measuring daily percentage change in U.S. Indexes

    Free and reliable data for world bourses here: https://www.investing.com/indices/indices-futures In nice .csvs, without any added goober. You do have to look for the right tab, though -- they don't make it obvious. o_O
  8. tommcginnis

    Tech analysis and futures trading

    Arbys?!?! :D (No no no. I get it. Jus' bein' a smartass....):wtf::rolleyes::D)
  9. tommcginnis

    Tech analysis and futures trading

    caféolé, your simple question deserves a simple answer :D: With a minor assumption of non-lumpy liquidity, yes, both the ES and the SPX will move the same, and on T/A tools that are price-only, will obtain identical results. But since the SPX Index doesn't *trade*, there is no volume for it --...
  10. tommcginnis

    Is it possible to consistently make $5000 a month trading 2 index futures contracts per trade ?

    If 'your mind changes completely' then you weren't paper-trading -- you were pharting around. In any other simulation environment (armed forces, aeronautics, firefighting, surgical theater), pharting around will get you eviscerated by whomever is in charge. Large dollars, lives, are at stake...
  11. tommcginnis

    Interview with a Full Time Trader and CTA

    Wow. I'm barely 20 minutes in, and had to sign back into ET to thank you for posting this. Great interview. *Realistic* trader -- who knows of what he speaks. *Reasonable.* Solid, solid stuff. RARE. Way big :thumbsup:.
  12. tommcginnis

    Study: VIX’s collapse is bullish for VIX and the stock market

    True 'nuff. But it is a fine, fine *coincident* indicator, and if you're timely, that's enough. :D
  13. tommcginnis

    Is it possible to consistently make $5000 a month trading 2 index futures contracts per trade ?

    $5k over 20 trading days is $250/day. With an 8hour day, maybe 8am-4pm, and taking out cash-open, 90-minutes for lunch, and a 3:30 exit, you go from 8hrs to 5.5hours. Call it 5 hours; call it $50/hr. Trading 1 ES contract, netting $8.50 for 1-tick, $12.50 for two -- averaging $10/trade...
  14. tommcginnis

    Looking for a portfolio building software for clients

    slight correction....! https://poweredbyempire.com/
  15. tommcginnis

    Looking for a portfolio building software for clients

    Agggh! Your BD isn't your best friend in this regard? They should be -- I'd ask them if anything is in development -- even with some bumps, the fact that it'd be integrated would help you *bunches* down the line. Second choice? Quit 'em. IB has some great looking tools for FAs. Third choice...
  16. tommcginnis

    Isn't this a no brainer trade?

    Every time I hear "four-twenty," I crack up -- how come nobody thinks this isn't one knee-slappin' hoot for ol' Elon,;) engaged in a little mirth while smokin' a fattie? I mean, c'mon..... :D
  17. tommcginnis

    I'm thinking about starting a service...

    The worst is, you've paid for the service, you've lost money in the trades, are now flat broke and can't even push your *own* trades to market, they turn off your internet service, your mistress dumps you for a younger man, your fuel pump dies in a metered parking space in front of the whore...
  18. tommcginnis

    Winning, Losing & BetSize trading the ES

    You're trying to get every tick. :wtf: "Danger! Danger, Will Robinson!" Just check this out for a few hours, and a few days, and a few spikes and V-bottoms, (And a few Great Divide Basin flats AGGGGH!), and see if exiting on the first downturn of DMI-or-ADX doesn't gain you more than the...
  19. tommcginnis

    Do Markets Change?

    This thread reminds me of "weather" versus "climate." If you are not responsive to the changes in market weather, you're going to die -- plain and simple. If you don't have multiple tools, tactics, and flexible expectations, you're going to die. If you don't keep an eye on where you're at --...
  20. tommcginnis

    IB Front Ends? ButtonTrader RIP.

    I'd re-visit TWS -- they have polished old tools, created new ones out of whole cloth, and in the meantime, you can always customize your own add-in:), via making a QuoteMonitor page purely for data-scraping purposes (into your own set-up). [FILE/down-arrow/Import-Export/Export_Page_Content]...
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