options training services

tommcginnis said:
Except for Tom Preston and Mike (of "Mike & his Whiteboard"), none of them could pass a basic statistics course, and their widely-broadcast miss-uses of basic statistical terms hurts those who most need the help. That said,
1) I haven't watched much in years, but I seem to notice less grating, needle-across-the-record sounds when I've watched in the last year or so. But, "small sample" and all that.
2) Of what's out there?? I don't know of any who compare. "Investopedia"..... OMG:
There are three glaring errors here -- one obvious, one mildly tricky, one pernicious..... So, that given, tastytrade wails on the rest in comparison.
3) Tom Preston, Al Sherbin
https://play.google.com/store/books...ow_to_Price_and_Trade_Options?id=szWkBgAAQBAJ
Tom Preston, oh, and Al Sherbin. The best four.
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Thanks! The Preston and Sherbin book looks interesting... I'll add that to my ever growing reading list.
 
lawrence-lugar said:
All those option trading schools teach and preach the same thing, more or less.

They will explain technical trading textbook terminology. and give common illustration examples. and at the end of the day...will tell you to sell options for that instant small insurance premium collected.
Everything is fine and dandy...until that inevitable day comes when you get exercised. and just like that, your small fish profits gets wiped out by that relatively large tidal wave moment.
Understand market emotions and VIX, volatility index measure, yadda yadda.
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Interesting... I was hoping to connect with someone who's actually tried those courses. Please PM if you do. Some of the claims by some of those schools seem out of this world... classic too good to be true type scenario...
 
Abundance Magnet said:
classic too good to be true type scenario...
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You truly have to step away and breakway from the pact of fish out there...if you really want to succeed and go somewhere, fruitfully in abundance.
Most trading schools have paid or bogus positive reviews. I doubt any of their graduates are really profitable in the market. What good is a head full of market wisdom and book knowledge...if all of that doesn't necessarily translate to Real world Money,

Abundance Magnet, you're my 1,929'th Like...1929, the Greatest Stock Market Crash in history.
 
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lawrence-lugar said:
You truly have to step away and breakway from the pact of fish out there...if you really want to succeed and go somewhere, fruitfully in abundance.
Most trading schools have paid or bogus positive reviews. I doubt any of their graduates are really profitable in the market. What good is a head full of market wisdom and book knowledge...if all of that doesn't necessarily translate to Real world Money,

Abundance Magnet, you're my 1,929'th Like...1929, the Greatest Stock Market Crash in history.
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haha! it will only get better from here!
 
tommcginnis said:
Except for Tom Preston and Mike (of "Mike & his Whiteboard"), none of them could pass a basic statistics course, and their widely-broadcast miss-uses of basic statistical terms hurts those who most need the help.
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Their videos with more background info regarding statistics and theory are probably indeed the more interesting and worthwhile to watch. But as an ex-MM myself, I do value the insights of people that have been trading professionally across a wide range of markets and scenarios. You can't learn everything in books. And statistics are just that, they tend to fail when shit hits the fan. That's when you need experienced people's info.

@lawrence-lugar I doubt you have ever traded an option... from what I recall you always tell people to stay away from them. So... what's your point?
 
JackRab said:
Their videos with more background info regarding statistics and theory are probably indeed the more interesting and worthwhile to watch. But as an ex-MM myself, I do value the insights of people that have been trading professionally across a wide range of markets and scenarios. You can't learn everything in books. And statistics are just that, they tend to fail when shit hits the fan. That's when you need experienced people's info.
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The fact that they pretend to statistical knowledge with false statements that buggers the trades of those who know even less doesn't bother you? There are plenty of tt threads out there, and I don't mean to hijack this thread to be one of those, but the misuse of VERY important tems/concepts SCREWS people -- RIGHT WHEN the shit hits the fan, and you *need* that impartial info/guideline most -- that just sucks.

Again, Preston, and Sherbin. The rest need to go back to school.
 
tommcginnis said:
The fact that they pretend to statistical knowledge with false statements that buggers the trades of those who know even less doesn't bother you? There are plenty of tt threads out there, and I don't mean to hijack this thread to be one of those, but the misuse of VERY important tems/concepts SCREWS people -- RIGHT WHEN the shit hits the fan, and you *need* that impartial info/guideline most -- that just sucks.

Again, Preston, and Sherbin. The rest need to go back to school.
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Okay, I think I'm pointing to the videos where they have those guys on the show, to give a better statistical background.

But maybe it doesn't bother me as much, because I have that experience as well... so I automatically deduct any false statements and disregard those....

One needs to start somewhere as a newbie though. Experience is the best tutor IMO.

EDIT. That said, I do remember when I just started, my boss said some stuff that didn't make any sense and in hindsight was utter BS... and he was quite experienced as well... :)
 
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