Market Mentors

Updated 2017. Surveys the burgeoning field of market mentors, their methods, strategies, and what their students say. This is a must read before you plunk down your hard-won cash. This new cottage industry has been taken up by brokers, small companies and one-man shops. Emphasis on options education, which started some 20 years ago, gained widespread interest some 10 years ago, and grown steadily since then. This new book surveyed the field initially several years ago, and then again in 2012, and again 2017, to catalog changes. The consummation of hundreds of hours of research, MARKET MENTORS covers some 21 programs whose fees range from free to $25,000, from major brokers and institutions, to one man shops, and all points in between. Mentors profiled include (alphabetically): Condor Options (Jared Woodard), Kerry Lovvorn, Market Neutral Options, Online Trading Academy, Option Pit, OptionVue, Optionetics, Options Linebacker, Options Mentoring, Options Strategist (Larry McMillan), OptionsXpress, Mike "Couch Potato" Parnos, Sheridan Mentoring (Dan Sheridan), thinkorswim, tastytrade.com, Trade the Markets, plus the Options Institute, and other sources of free mentoring. Conclusions? As with other professions, there is a vast range of approach from mentor to mentor. While a newcomer to markets and options can benefit from mentoring, the author recommends: study the field, then ask questions. And then be prepared for hard work, lots of it. Trading is not an easy way to earn money, those who tell you it is should have one mark against them from the outset. This book will put you way ahead of the curve, and save costly errors.