Where to go to learn options???

I've been trading the ES, DX, Euro, gold and other futures for about 2yrs..

Plan is to absorb as much info from the sources I listed and pratice with paper trading on my other computer. Thanks for the warning though, I had a similar wake up call when I started with gold futures a while ago.
 
Quote from andytk5:


Just chatted with an Investools rep., 16K for basics and up to 28k for advanced options calsses... Really??
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Is this a joke, is anyone paying 16 K to learn options ?
 
Quote from trade2live:

Is this a joke, is anyone paying 16 K to learn options ?
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I don't know about 16K but I met someone a few months ago who paid 5K for an intensive week long all day course on how to be a day trader. While I was impressed by how much he learned from it, it wasn't anything that he couldn't have picked up from 1/2 a dozen good books and a few months of dedicated work.

We chatted several times and the one thing I kept hammering him with was money management, regardless of the vehicle. He did nicely on a sim trader and when he went live, he got hammered. Evidently they didn't offer a "Deer in the Headlights" class. :eek:
 
Quote from andytk5:

Where would you guys recomend going to learn about options as in books, online courses, etc.. CBOE, Investools, books, etc???
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before you trade, make sure test your strategy to understand potential risk. I usually used the options lab. www.theoptionslab.com
 
Quote from trade2live:

Is this a joke, is anyone paying 16 K to learn options ?
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16K teaches how to go long a call or a put.
28K teaches how to do a covered call and a covered short put.
 
Investools:

This is from the SEC action


The Securities and Exchange Commission today filed a settled civil injunctive action against Investools Inc., Michael J. Drew and Eben D. Miller. Investools agreed to a civil injunction and to pay a $3 million civil penalty. Drew and Miller agreed, respectively, to pay civil penalties of $380,000 and $130,000, and to be enjoined from violating the antifraud provisions of the federal securities laws. Drew and Miller additionally agreed to be enjoined, for five years, from receiving compensation for their participation in, among other related activities, the sale of classes, workshops, or seminars given to actual or prospective securities investors concerning securities trading. In settling the matter, Investools, Drew and Miller neither admitted nor denied the allegations in the Commission's complaint.

Here is the link: http://www.sec.gov/litigation/litreleases/2009/lr21331.htm


The whole options education business in pretty much like the wild wild west. Be very careful who you pay. Personally I think someone that does not trade at all probably not the way to go!
 
Quote from andytk5:

Where would you guys recomend going to learn about options as in books, online courses, etc.. CBOE, Investools, books, etc???
More...
Comprehensive start & it's Free

http://www.21stcenturyinvestoreducation.com/page/tce/courses/

http://www.21stcenturyinvestoreducation.com/page/tce/courses/course-101/

http://www.21stcenturyinvestoreducation.com/page/tce/courses/course-201/

http://www.21stcenturyinvestoreducation.com/page/tce/courses/course-202/

http://www.21stcenturyinvestoreducation.com/page/tce/courses/course-203/

Carl
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Enjoy life, it's limited.
You only get as much as you take.
 
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