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The Imperative of Rigorous Backtesting Greetings, everyone. In our pursuit of consistent profitability in options trading, the temptation to find a 'holy grail' strategy is ever-present. However, sustainable success rarely emerges from a single brilliant insight; it is forged through diligent testing and refinement. Backtesting, the process of applying a trading strategy to historical data to see how it would have performed, is an indispensable tool in this endeavor. Yet, its power can easily be undermined by common pitfalls, leading traders to draw erroneous conclusions and deploy strategies that are not robust. The core purpose of backtesting is to gain...