With the growing popularity of options trading, traders are often looking for a training program that will help them turn a profit. As a result, there are numerous programs available that look to provide the proper options education. It’s easy to get caught up in the larger than life returns in a short amount of time which many products promote, but it is important to research and find out the details of what the program is all about. I have purchased many products over the last decade of trading and have learned the hard way that many products don’t live up to their promises. I was also fortunate enough to find the NetPicks family of products which made a huge difference in me becoming a profitable trader. Throughout the process of trying to find the right product for me I learned what to look for, which I will outline below.
First, it’s very important to find a course taught by a real trader with skin in the game. It is one thing to be a teacher but a whole different ball game when you have live hard earned money on the line. I find I learn better when I see someone go through wins and losses in real time market action so I can get a realistic picture of what to expect. Make sure you check to make sure the teacher or developer you are interested in is live in the markets.
Next, make sure you are using a product that is comprehensive. There are many products out there that come in different stages. Each stage of the training comes with an additional charge. In order to gain access to the full program the costs can add up quickly. Instead, find a product that will teach you everything from the basics to advanced topics in a single course. This will allow you to dedicate more funds to actual trading.
In my experience with different products I found it best to have a combination of training, along with a proven system that puts the odds in your favor. An options education course is great for gaining book knowledge but that doesn’t always translate to success in the markets. You also need a detailed system that gives you defined entry and exit points. Having a system that prints a road map for you to follow will allow you to put the options knowledge to good use. Make sure the program that you select also provides detailed strategy criteria. Just learning how a call or put option works is not enough. You need to know how to select the correct call or put in order to make sure the odds are in your favor.
It’s also extremely important to make sure you give the product time to work. Often time traders will use a system until the first sign of trouble. After that it’s on to the next product when if they only would have been a little more patient the original product could have been the answer. No system is going to produce with 100% accuracy so don’t spend the time looking for it. Make sure you use a system that puts the odds in your favor long term and then commit to learning that system inside and out. Do this and you are well on your way to becoming a successful trader.
Finally, if possible look for feedback from an existing student. A product can sound great on paper but are students really able to profit from it? Feedback or even communication with a current student can be a great sign that the system is being used with success.
Do these comments mean you are guaranteed success with the PTU Options Mastery program? No but they do show that if you commit to the system the odds are in your favor of joining the rest of the profitable PTU Options Mastery students. There are many courses out there today so make sure you are taking the time to dig in and find the right one for you.