I'm sorry. I was not clear in that post. I was responding to a point about in general why don't coaches trade instead of coach. I was not referring to Dan specifically. I'm sorry if I sounded like that. I have learneed a lot from Dan.
you are your own doing. I posted a simply observation; I don't see your responses are any friendlier than your antagonists.
He is a "home run" style trader, and basically you have to subscribe to his service to get the "inside info". Speculative vs income trading. Whatever floats your boat.
I think that is true. I also do not think he really has much experience being an off-floor trader, which it sounds like you are interested in becoming. You might want to look at Chris Figgy of discoveroptions.com if you want a mentor that not only has pit experience but also has been successful for years trading off-floor, plus still trades what he is teaching every day.
I often get questions from people who ask me to mentor them and I tell them all the same thing. If you do not know much about options I can certainly teach you what options are, how they work, how they are priced, about volatility, time decay, strike selection, different strategies and the best situations to use them and risk management. But to actually teach you to be a good trader involves trying to teach a lot of intangible skills that take months/years of trading to develop and hone: ability to analyze the charts and make direction or non-directional determinations, discipline to follow a specific approach, ability to choose the right strategy and factor in volatility, knowing when to cut and run or when let it run and hedge, etc.. Really hard to teach that. Most mentors give indicators and tips on how to play a certain strategy but what cannot be taught is the unique skill set that trader has which has made trading that strategy successful for them. How do yu teach someone to see what you see. Tiger Woods can show me his swing and technique and it will make me a better golfer for sure, but to have his steel nerves and ability to read the course and make adjustments and be consistent... tough to teach.
Tums you are totally clueless but I know you mean well. As I said before if you haven't done the course (any course) then please don't offer your 'UNINFORMED' opinion. Capiche? Same goes for all the other students (read 'book') experts here. Just keep paper trading your little accounts and tell us your gossip but don't advice on topics you are not experienced in, PLEASE. db
Optioncoach, you're a good guy and I like your book and, like some others on this board, you have only the most noble of intentions but .... Unfortunately some analogies aren't appropriate, despite giving a superficial appearance of being so. Trading isn't golf. There's no physical skill involved whereas golf requires a steady and consistent physical skill set - without it you might as well pack your golfbag and go home, no matter how good your game plan. Now, I know you like and respect Cottle because I've read your posts over 'there' (btw how did you get his diamonetrics grid if you didn't buy/subscribe? A little hypocritical, no?). I've taken his course also and you seem to be using him to refine your trading. Btw I've also done the optionetics courses (the ones everyone on this forum, including you, likes to shit on) and am doing Sheridan's program. I've funded these from my trading profits (read: reinvesting some of my returns to make my business grow/better). Please feel free to tell me I'm wasting my hard earned trading dollars and that no course, including Cottle's, is worth the money - I'm sure Charles will be pleased to hear it. db
DB, I'll step in and tell you the difference between Cottle and Optionetics. At the very least, Cottle teaches his students synthetics and how to dissect their positions and under the risk of their positions. Optionetics does not. I run a group in Chicago for the past 4 years where I basically teach everything that optionetics teaches for free. A good 80% of these people are former optionetics students and many Sheridan students as well. These people fail every quiz I give them. They have no comprehension of options. That's pretty sad isn't it spending thousands of dollars for education then failing all their quizzes? that's like spending 150k on your kid to go to college and he can't even name his state capitals. So what's the point? And of course when I ask these people every month to raise their hand if they are actually making money, not one of them raises their hand. That's even worse. So if they are not making money and they don't even understand the basic building blocks of options, what are they doing in these courses? They are getting fed junk food. Sure, it feels good when you eat it, but no nutritional value whatsoever to speak of. That's what most of those courses are. At least with Cottle I'll give him credit that you'll leave his course with the basic understanding of options and risk.
DB , are you saying that if one didn't actually took a particular course , he should not participate in merit of discussion/strategy ? So if I see a thread " Guru X teaches how to make millions by capturing dividends with zero risk" , we all should not reply ?