Charles Cottle's educational material
- Thread starter daddy'sboy
- Start date
Quote from Joab:
LOL
Market Directions
O ya forgot about that
It never ceases to amaze me how 95% of options traders don't understand just how important Technical Analysis is having the right direction.
They teach you all this friggin nonsense about greeks and math and adjustments and blah blah blah but it all means shit if you can't dissect a chart correctly and understand bias.
This is the problem I see with all the complicated strats the option gurus have. Each leg is costing money to enter and to make money one still has to have the direction right.
Well, one can be 'partially right' with options and still make money, e.g. otm short call verticals. I don't think one can be partially right when buying stock and it just sits there or goes down. And the strategy doesn't have to be complicated.
All one can conclude is that there are successful option traders and successful stock traders and unsuccessful ones, of course.
db
Price has gone up... it is now $7K.
Suggest that you attend one of CBOE/OpVue Real World Trading seminars hosted by Dan when it comes to your area. This might give you a better idea of whether or not to do the mentoring thing.
The seminar is a significant expansion of Dan's CBOE Webinars... same basic strategies but with more specifics on entry/exit rules.
Quit the frickin SPAM already...