Where to go to learn options???
- Thread starter andytk5
- Start date
Can you provide one link to a good post from Atticus? His posts are sort of useless.
lets put some statistics in front of you.
what you have to learn is not options. but first.
where is your edge.
for each option trade , someone on the other side is holding the bet. now this someone is the HOUSE. big brother.
now , it is a common known fact. ~90 to 99% of all retail traders loose in the long run.
so ,tell me where will u fall. YOU are not the house.. or big brother.
hence what ever you . you wil suffer.. this is too addictive and success seems to be so easy. that you get carried away..
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best advice is. forget trading. just buy value diversified equities, and hold - Buffet style..
what you have to learn is not options. but first.
where is your edge.
for each option trade , someone on the other side is holding the bet. now this someone is the HOUSE. big brother.
now , it is a common known fact. ~90 to 99% of all retail traders loose in the long run.
so ,tell me where will u fall. YOU are not the house.. or big brother.
hence what ever you . you wil suffer.. this is too addictive and success seems to be so easy. that you get carried away..
---
best advice is. forget trading. just buy value diversified equities, and hold - Buffet style..
Sure, most people should just buy shares in good, profitable, and preferably dividend paying companies and not bother trying to trade. But this site is called "Elite Trader" not "Elite Investor", so presumably everybody here either thinks he has an edge or is trying hard to find one. Certainly no one who has traded options for more than a short time is under any illusion that they're a route to easy or instant riches.
Propslave has it right. You gotta read. There is nothing that any of these 5K or 28K seminars is going to teach you that is not already in a book somewhere. In fact, that is pretty much the case for almost any subject in the universe. It's all in a book somewhere. My favorite, as I have stated many times on this forum, is Larry McMillan's Options as a Strategic Investment.
Think 2007. You got a chunk of change to invest. You want quality advice. You contact a Fool Service Broker. They provide their research. You buy their "quality" equity recommendations, perhaps:
AIG
BAC
BSC
C
FNM
FRE
GM
JCP
LEH
LIZ
MCO
ad nauseum
Uh huh, buy and hold always works well too.
10 year from now, those name may fly again for those buy and hold investor.
For option trader. ..?
