--- In OptionClub@yahoogro
> [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 ", which talks about 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" and "The Talent Code", both of which 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
To unsubscribe from TheOptionClub, send an email to:
OptionClub-unsubscribe@yahoogroups.com
Change settings via the Web (Yahoo! ID required)
Change settings via email: Switch delivery to Daily Digest | Switch format to Traditional
Visit Your Group | Yahoo! Groups Terms of Use | Unsubscribe
No comments:
Post a Comment