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Again, an "audited" return does not prove a thing, you are extremely naive if you believe otherwise.

An audited return does not prove a thing my friend! Want to know why?

Yes you are right, even though this is basic options stuff. However, traders should aim for at least at 1 to 1 risk/reward ratio, otherwise it is not worth it (just my personal opinion). By the way, who remember Bernie Schaeffer and his lousy options advisory service (he was all over the net...

Beg your pardon?? :confused:

For winning trading systems, that expected value is simply the average profit per trade (in dollars and cents) and can easily be calculated (total net profit divided by number of trades). That expected value ($500 per trade per contract for instance) can also be expressed in percentage, and in...

Such as? I mean seriously, how do you know that your system will make money in the long run if you do not test it first, with enough historical and/or live data?

The only way to solve this problem is to look for your particular trading setup in dozens if not hundreds of stocks (domestic and international), indices, currencies, commodities, bonds, ETFs, financial sectors, etc... It is a big mistake to concentrate only on one or two financial instruments...

The problem with this logic is that there is no way of knowing if you are right until you close the position and calculate your profit/loss. In fact, always assume that your trade will be a losing trade. Now if you are saying bet big with your profits that's another story.

?? :confused: Oh so you have a better way of trading? Care to elaborate, we are all ears...

It reminds of me a full-page ad in the back of Investors Business Daily about this guy Don Fishback and his ODDS system. The ad was extremely convincing, until you order his system and discover his (risky) "technique" was simply based on iron condors, nothing more. Not sure if the ad is still...

Only total idiots would risk $9,500 to make a lousy $500! Traders who say otherwise should repeatedly be kicked in the groin, Chuck Norris style.

Yep, they say that dumb money is wrong 66% of the time : At the beginning of the move and at the end of the move.

So let's not backtest anything and trade on hunches, tips, feeling, emotions and rely on our infallible inborn sixth sense instead.

Good point, but more importantly backtesting is needed to validate a trading system.

No sure about the legal stuff but the successful trader can simply use third-party websites like Collective2 to sell his trading signals (stocks, futures, Forex, options, etc...) and collect subscription fees without any legal problem whatsoever. That's the fastest and easiest way to begin...

Excellent answer.

I am sorry but that idea just does not make any sense. If your trading system is profitable why not sell its trading signals on the side too? And if you only have 50 subscribers each paying you $100 a month for the signals that's 60K a year extra profit doing nothing more than what you are...

Buy when you can’t find a bull.

It is always better to buy a good stock at a bad price than buying a bad stock at a good price.

Pfff.... go back to sleep you adorable comedian, you already earned your disinformation money. And oh yeah, go and reread your "Bible" : "A convenient lie". Er.... I mean : " An Inconvenient Truth", of course.