im looking to get into option trading where can I find successful mentors?

Answer 1

First, you should know there are not any real secrets in trading options, so if you are willing to study existing materials you can learn all you need to trade options successfully without getting a mentor.

I suggest you start at CBOE learning center at

http://www.cboe.com/LearnCenter/default.aspx

and take their free tutorials and classes.

Then read at least one good book about options. Two books I recommend you consider are "Options as a Strategic Investment" by Lawrence McMillon and "Options Volatility & Pricing" by Sheldon Natenberg.

If you have any questions from the tutorials, classes or books you can ask them here or at

http://messages.yahoo.com/Business_%26_Finance/Investments/forumview?bn=4686677%23optionsquestionsansweredhere

or both.

In my opinion that will prepare you for option trading a lot better than mentoring for a lot less money. However, if you really are looking for a mentoring service there are some available, such as

http://www.sheridanmentoring.com/index.cfm

I have never used any of these services, and I am not recommending any of them, but since you asked I did not believe my answer would be complete without mentioning them.

Answer 2

The first advices from a good mentor would be:

1. Know the trend.
2. Diversify.
3. Stay away from excessive leverage.
4. Read many many books, articles and websites, but develop your OWN trading system, trusting noone but yourself.
5. Do some "paper-trades" before betting your hard earned money.

Answer 3

What is your level of experience with options? I would get as much education as possible and find a style of trading you like and feel comfortable with. There are many mentors but each have different areas of expertise.

Answer 4

There are some good mentors to be found at http://www.bettertrades.com. The subscriptions are pricey but there are lots of free "preview" classes so you can see which mentor you want to pursue.

Answer 5

Try Options Remote.