to the group Following up on the thread on learning. Back when most of you started, resources were slim. Today, the opposite is the case. There are lots of people selling classes, picks, you name it. and they range from reasonable to wow. You want expensive, check out Greg Capra at Prestige -- he is not ashamed of his prices-- you want expensive picks, check out some of the sources from Change Wave. You want reasonable classes, use your broker!! Need neat analysis tools, spend a lot of money or use the right broker. If one wants to trade options, one should be able to use Money Central (analyst rating, stock scouter, caps), basic charting analysis, IBD, and some fundamental analysis, If not, they shouldn't. All the option houses offer virtual accounts. There is no need to paper trade anymore, The virtual accounts act just like real accounts. In fact, if any of you has a new theory or plan to try out, you should consider opening a virtual account. If you wait too long to show up with real money, they thumb their nose at ya, but what do you expect? Classes on options: Some are worth the money, some aren't. Every brokerage house has multiple on line classes and historic webinars. Options House has ONN.TV with something everyweek. Ditto TradeKing. Schwab has a list of a dozen or so. The missing ones seem to be detail discussions of the Greeks -- other than delta. And in depth struff on Synthetics. I am sure Bill would pipe in with the resources of the CBOE.. I have even found free webinars on candlesticks. Some of us need em some don't. Get on Trader's Librray's mailing list if you want DVDs at home, I am an impulse buyer, but after about 10 DVD, they made me a deal I couldn't refuse on Larry Mc Millan's 4 disc course. Their list includes a lot of Bittman's stuff -- good, but dry, dry. I have no relationship with Trader's Library, but love their occasional $0.99 deals. The missing link is a mentor. And that is what people probably hope to find on blog like this. And if they are smart, they are able to say say "I did this, this happened." What did I do wrong? Then the monumental brain power I have seen hiding in the wings leaps to the forefront and helps. Trading covered calls is easy. Picking the right stocks is hard! The only thing easier than making money is losing it! John |
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