I am (and I'm sure a lot of other people are) but its far from 'easy'. Don't get me wrong, I think almost everyone can get there but the process is brutal.
What's the catch? That's a great question. For me, I pick out the following:
1) Options trading has enormous intellectual and scientific appeal. It sucks in folks that are technically / financially oriented who foolishly make the assumption that since there were successful in the lives that they will be successful as option traders as well. I made that assumption and couldn't have been more wrong.
2) It reminds me of the old commercial for Othello "Minutes to learn and lifetime to master"
3) The lure of high probability trades <cough cough "iron condors"> cause more account death than anything I've ever seen. High prob should be taught last if at all.
4) Once you get the mechanics down, math down, strategies down, and figure out what is working right now you still have to overcome yourself and your different emotional beings. Personally, I would rather box a room full of ninjas. :)
I've been at this for more than 5 years and still feel like a NOOB.
HTH,
Mojo
You can find my online trading journal at http://www.insanemoney.com . 
From: praesto12 <Praesto12@yahoo.com>
To: OptionClub@yahoogroups.com
Sent: Thu, January 7, 2010 2:28:24 PM
Subject: Re: [TheOptionClub.com] May I ask?
From: Adam Green <adam.cell.phone@ gmail.com>
To: OptionClub@yahoogro ups.com
Sent: Tue, January 5, 2010 11:50:46 PM
Subject: Re: [TheOptionClub. com] May I ask?
What's the catch? That's a great question. For me, I pick out the following:
1) Options trading has enormous intellectual and scientific appeal. It sucks in folks that are technically / financially oriented who foolishly make the assumption that since there were successful in the lives that they will be successful as option traders as well. I made that assumption and couldn't have been more wrong.
2) It reminds me of the old commercial for Othello "Minutes to learn and lifetime to master"
3) The lure of high probability trades <cough cough "iron condors"> cause more account death than anything I've ever seen. High prob should be taught last if at all.
4) Once you get the mechanics down, math down, strategies down, and figure out what is working right now you still have to overcome yourself and your different emotional beings. Personally, I would rather box a room full of ninjas. :)
I've been at this for more than 5 years and still feel like a NOOB.
HTH,
Mojo
From: praesto12 <Praesto12@yahoo.
To: OptionClub@yahoogro
Sent: Thu, January 7, 2010 2:28:24 PM
Subject: Re: [TheOptionClub.
Are any of you guys consistently making 4,000 to 10,000 a month trading options?
Trading options to make money seems too easy. What is the "catch" ? what do you have to do in order to trade and make consistent profit??
Richard From: Adam Green <adam.cell.phone@ gmail.com>
To: OptionClub@yahoogro ups.com
Sent: Tue, January 5, 2010 11:50:46 PM
Subject: Re: [TheOptionClub. com] May I ask?
On Tue, Jan 5, 2010 at 5:21 PM, allen <allen2462001@ yahoo.com> wrote:
>
>
>
> In starting off in a "New Year" 2010, I have decided to ask as many question that one is allowed :)
You're over your limit.
: )
>
> To learn from each of you.
>
> Are there perimeters about asking questions on here..
I'm pretty new "here" myself, but I've been involved in email lists
since the late 80's (yes, it was a tad different back then.)
I think the golden rule is that there are no stupid questions, only
stupid people.
Kidding!
__._,_.___
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
.
__,_._,___
No comments:
Post a Comment