System Summary:

1 - the system mandates all the known variables that influence potential success on a trade are pointing in your favor, so the first step is to prepare a list of fundamentally sound (and unsound) companies - my current list is about 150 tickers. Unsound company example - NFLX recently - irrational euphoria which is good, PE 265, analyst projections of average growth over the next 5 years only 8% annually and chart peaking. Conditions which were very bearish, premiums that met my entry conditions, so an entry with a specific upside protection was/is a high probability trade.

2 - review the candidate list weekly for chart patterns with a couple specific characteristics that meet system entry requirements - good week produces 10, poor week none

3 - confirm the fundamental conditions are still present that orignially led to ticker being added to candidate watch list

4 - review credit option opportunity (max 6 weeks to exp) with a focus on two issues. A specific % downside (upside for bear trades) protection based on time to expiration and meeting the minimum annualized return based time to exp, margin req'd and max profit.

5 - Downside/upside protection is the key, so the maximum safety is utilized when minimum annual return criteria are satisfied.

6 - For long term success a trader must measure the p/l of trades that comply exactly with the rules, and also measure the performance of those that do not comply. A statistical omparison of these numbers will make you a believer.

7 - My results are outstanding for high volatility periods and acceptable for low volatility periods. Low volatility reduces the number of candidates meeting entry requirements. Since my system constrains the size of each trade, the level of account cash is high during low periods. Therefore, I do very well in high volatility periods. In low volatility periods my market exposure is down, my return on active trades is equivalent but my cash is always higher, so my net is down.

I spend considerable time on options trading - 10 - 20 hours per week. My net during periods of low volatiliity is only constrained by this time limit. I am looking for a couple of highly process oriented traders to collaborate with me on populating a watch list of 150 companies that most ideally meet potential entry constraints of my system.

I am interested in a closed collaboraton site. I do not know if this can be done on Trade2Win or not. Your requirement to remain part of the collaboration - learning the system and then delivering a stream of tickers which have the required characteristics to meet system entry requirements to a list of companies the collaboration would share. Failure to deliver candidates means expulsion, since I do not have the time to spending time teaching on an ongoing basis.

Anyone interested? If so, please eamil with your experience and your passion for process driven options trading.

Drake

Did not take the time to edit, so I apologize in advance for any typos