Martin, you did it with Optionetics, I did it with Compound Stock Earnings. I was all ready to sink everything I had into covered calls (my first real exposure to the "power" of options). But I had a baptism of fire and eventually found this group. Your book recommendation, The Dip, looks very interesting. Dan Sheridan said it best, either in one of his online presentations or in the live seminar I attended last year. Wish I could quote him directly, but the gist of it still hits home. It takes years of hard work and dedication to become a doctor, a brick layer, etc. Do you think that attending a weekend seminar will get you to the level where you are as successful as the teacher?
Note to Adam Green. Not 90% but 100%. You can't take it with you!
Sincerely,
RFH
--- In OptionClub@yahoogro
>
> --- 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.
> 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.
> Code
> <http://www.amazon.
> 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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