Martin,
You're absolutely correct that there is no one course or book out there
that will deliver everything in the way of trading education. You might
as well look for a single course that will teach you everything there is
to know about life.
A trading education is never complete and it is true that trading is not
as easy as some educators would have you believe. I think folks get
themselves into trouble when they pick up a course or attend a seminar
and think that they can turn around and be trading successfully in a
matter of days.
Christopher Smith
TheOptionClub.
--- In OptionClub@yahoogro
wrote:
>
> --- In OptionClub@yahoogro
> wrote:
> > [I]n all seriousness, I was reading a lot of the responses and began
> feeling very sad. Yes, sad for the circumstances a lot of these people
> find themselves in, but more sad that they think that THIS options
> course or THAT option course will make them FREE.
>
> Well put, Rob. I followed your link and read a few posts at random,
and
> they really are sad. Retirees whose nest eggs blew up last fall,
single
> moms down to their last $500, folks with horrible disabilities, no
doubt
> a handful of Bernie Madoff's former clients...
>
> My own circumstances are nowhere near as dire, but I'll admit to the
> same impulse, wanting to find the Holy Grail that makes it all come
> together at once. But you're absolutely right: no one course or book
or
> video is the answer. Not OU, not David V., not Optionetics, not TOC.
> (I hear good things about Dan S., though! :-)
>
> It's not easy, and I'm no longer convinced it's for everyone. I did
the
> Optionetics two-day course years ago, and came out of it all enthused,
> raving about options to anyone who would sit still long enough. Made
> some money, lost some. Went back to their course a couple of years
> later (they let you re-attend for free), and realized how much I
really
> didn't know when I first walked out of there. And I'm sure I'll look
> back in a couple more years and say the same thing about myself today.
>
> That's not to pick on Optionetics. It was a terrific kick-start; very
> motivational. And they have some excellent instructors, from whom
I've
> learned a great deal. But no one's going to turn you into an
> experienced, professional, consistently profitable trader overnight,
or
> even in two days.
>
> While browsing my local bookstore the other day, I found a short book
> called "The Dip
>
<http://www.amazon.
\
what
> happens when you've burned through your early rush of enthusiasm, then
> find that there's a long, hard slog ahead of you before you reach the
> point where you become really good at something. Also flipped through
> "Outliers
>
<http://www.amazon.
\
Talent
> Code
>
<http://www.amazon.
\
suggest
> that, in order to develop true world-class skill, it generally takes
> around 10,000 hours of concerted practice. Ouch.
>
> One way or another, I hope your fellow posters find the freedom
they're
> looking for.
>
> Martin
>
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