Firstly, good to see your comments guys. Thanks.
Option Net gives both a visual and a mathematical representation of risk and a what the position can do under different scenarios. But perhaps the most powerful feature is that I can go back in time and use the 5 minute historical data to fairly accurately back test strategies. If you are a reader of the EL day trading blog you will know what how important I think back testing is. The P&L in the software is cumulative for the strategy I am doing. That is to say, I put the position on and then I make adjustments and the software keeps track of each adjustment. In this way, if I am trying to make, say, 10%. It shows the 10% based on all adjustments and calculates it against the maximum margin I have used.
Margin is another issue. If you are a regular retail customer with less than about $100k in your options account, you get Reg-T margining which is a SPAN based margin. If you are a bigger customer, you can get Portfolio Margins which are much lower. I calculate my returns on the Reg-T even thought I get the benefit of Portfolio.
As we get going with the blog, I will try and explain more about the strategies.
You should understand that my strategies are so-called income strategies but based on a directional bias. This means that my trades can mature much more quickly and that my capital turns over more often = higher percentage return per year.
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