Well I've never actually been able to pull a consistent profit trading options, so I don't have anything specific to say about what works or doesnt work. (Well I know what doesnt work, what I have done!) However, you are on the right path by realizing right away that it is a business and coming at it as such. That puts you miles ahead of most. Brandon
Who knows maybe Raschke doesn't really exist, maybe it's a myth created by brokers to create euphoria among aspiring traders, and generate more commissions. I actually like the brokers' business model: their risk is simply not generating enough cash flow from commissions. Thus, they know how to improve THEIR BOTTOMLINE: encourage more trading, directly or indirectly, e.g., by sponsoring various trading forums etc. The more discussion, the more trades etc But your risk as a trader is the Market with all its unknowns. How do you improve YOUR BOTTOMLINE? I'm not saying trading is bad, I'm saying brokers have a better risk profile, built into their business model. So it's better to be a broker than a trader: stay on the sidelines and watch others try to beat the market, find THE system, "learn" etc. Good luck Another business model: hedge funds. Play with other people's ("investors") money. Get fees + profits, if any. In case of ruin, say: oops, sorry. The market is unpredictable, uncertain, blah-blah-blah. Keep your fees. (unless there's outright fraud, like in the madoff case) Then go to Bahamas That's why I like IB with their unbeatable commissions. Who cares about other brokers with their useless gadgets, only meant to encourage more trading. RandomZen