<<What does one need to do in order to become a successful options trader? >>
You need the exact same things (attitudes, qualities, etc.) you need to become successful in any trade or job or profession. Most important of all,
know thyself
gis
On Mon, Jul 13, 2009 at 3:05 PM, a a <Praesto12@yahoo.com > wrote:
From: Christopher Smith <chris@theoptionclub.com >
Subject: [TheOptionClub.com] Re: free software. Options mastery
To: OptionClub@yahoogroups.com
Date: Wednesday, July 1, 2009, 2:37 AM
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. com
--- In OptionClub@yahoogro ups.com, "janzen257" <yahoo.to.mj257@ ...>
wrote:
>
> --- In OptionClub@yahoogro ups.com, "Rob Hansen" robhansen5252@
> 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. com/Dip-Little- Book-Teaches- Stick/dp/ 1591841666/ ref=s\
\
> r_1_1?ie=UTF8& s=books&qid= 1246425565& sr=8-1> ", 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
>
<http://www.amazon. com/Outliers- Story-Success- Malcolm-Gladwell /dp/031601\
\
> 7922/ref=sr_ 1_1?ie=UTF8& s=books&qid= 1246425492& sr=1-1> " and "The
Talent
> Code
>
<http://www.amazon. com/Talent- Code-Greatness- Born-Grown/ dp/055380684X/ re\
\
> f=sr_1_2?ie= UTF8&s=books& qid=1246425471& sr=1-2> ", 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
>
__._,_.___
The goal of TheOptionClub is to provide a forum for members to work together for the purpose of furthering our individual understanding option trading. All messages and postings, and any materials circulated are provided for discussion and educational purposes only. No statement contained in any materials from TheOptionClub should be considered a recommendation to buy or sell a security or to provide investment, legal or tax advice. All investors are encouraged to consult a qualified professional before trading in any security. Stock and option trading involves risk and is not suitable for most people. There is no guarantee that any information provided is accurate and, may in fact, be wrong. It is understood that the participants in TheOptionClub have varying backgrounds and degrees of experience in option trading, and that regardless of experience each member is considered a student. As such, any information distributed through TheOptionClub should be considered with a critical mind and not relied upon as an authoritative source.
To unsubscribe from TheOptionClub, send an email to:
OptionClub-unsubscribe@yahoogroups.com
To unsubscribe from TheOptionClub, send an email to:
OptionClub-unsubscribe@yahoogroups.com
MARKETPLACE
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