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You are backspread 1x 3.3 and do really well on a fast big move down or below 19.55 on expiration.Sitting still,slow creep up,really slow move down is not your friend.

Assuming you are being "forthcoming",NICLEY DONE!!!

Not sure about open source.. Matt's on the forum... I believe it's Orats.com

Check out Orats.. Oracle was pretty basic

So you don't look at the market in any statistical framework?? No belief in distributions,skew,kurtosis, standard deviations or ATR/Vol Bands?? Im guessing you don't trade options

Icahn averaged 50 percent returns???

So when taking temperature, a thermometer is often wrong???

HMMMM...The plot thickens:)

LOL!!!! Your post was sacrilegious!!! Thou shall not take pot shots at Market Wizards!!! :)

You are hung up on a minor detail.. Before he puts on a trade,he looks at the risk reward and only puts on a trade if the reward far exceeds the risk. Hes not a hard core trend follower,hes a discretionary trader.If the market proves him right,he does not automatically blow out of the position...

Not true..He and Peter Borish did alot of that type of research and it largely led him to getting short stock and long bonds PRE 1987 crash

I think he is basically looking at things from an initial risk reward framework when he speaks of where to take profits..Doest mean he has a hard profit target.. FWIW,my group covered him when I worked at an IB,and the one thing he never did is sell any type of premium or cap his upside..

Net margin is a derivative of Net Income vs Revenue... What I am saying is you can have a company that loses money,hence Neg Net Income,hence Neg Net Margin,byt still have explosive sales growth... Im not disagreeing with you,I am pointing out that you can have companies with neg EPS,burning...

So companies showing negative net income with high sales growth are on the radar?

I switched from IB to Think or Swim(TD Ameritrade)..Yes,they had a couple of major technical problems. But I am very pleased with them

The developer no longer supports the product....My guess is he couldn't make money trading the systems

FJ,Fwiw,there was a technical program called Stratasearch that was basically a backtester/ optimizer that could look at unlimited technical rules and run thousands of simulations on varying combinations of technical and money management rules.. I do not recall seeing more than 10 systems return...

Yes,some industries are,far more "capex" intensive than others.. You can't just look at operating cash flow in and of itself..Just like you can't look at absolute sales or revenues.. Basically,it's,either growth or some relative measure(multiple)

Backtest it,otherwise,move,on.. How Did you choose cash flow as opposed to FCF as opposed to unlevered? Are you looking at it per share vs price vs,enterprise value etc???

What doesnt compute in your mind??? Fundamentals is all encompassing...Value vs Growth,Small cap vs Large cap...IMHO,its a tool,and its up to the trader how he wants to use it..And I have traded fundamental factor models in the past.. I think I know where you are going with this,but would be...