When you decide you want to get involved in options trading, it can seem daunting. After all, there are symbols, prices, net change, volume that fill the screen. How are you supposed to make sense of it all in order to be successful? You could choose to spend years researching the markets and learning on your own. However, life is short. The time for learning and creativity is limited and therefore you need to make the best use of your time.
Options trading services are available to help. Particularly, when you use an options trading advisory service, you can have a mentor of sorts to guide you through the most important elements and show you more about what it is that you need to know. This ensures you learn more about option trading strategies so you can then go out on your own and reach for the success that is out there.
The Importance of the Mentor-Protégé Relationship
The mentor-protégé relationship is nothing new. Masters throughout the ages were taught by their mentors. They learned and then they went out on their own. Hippocrates learned from others before him, as did Leonardo da Vinci. Albert Einstein did not come up with the theory of relativity without first learning from masters. He studied and had mentors who helped him along, and then became a Master on his own.
There is always a series of events that you must follow. No one does all of the research and starts from the ground up. It is simply not possible. Further, it is not sensible to do all of the research and study everything through trial and error when many of the mistakes have already been made and there are Masters out there who are willing to show you all of what you need to know.
It is all a matter of finding the right mentor
When you look at the mentor-protégé relationship, it works. Why? It is an efficient and productive form of learning that has been tried and true for millennia. A good mentor knows where your attention should be focused. They know what you need to be shown so you can quickly grasp certain concepts, such as how the options trading industry works. After that, they know how to challenge you.
You are likely not getting involved with options trading services to make a few pennies. You don’t want the low risk moves – you want the calculated high risk moves that have the potential to pay off in a big way – and a good mentor will know how to direct your learning so you are less likely to make big mistakes.
Risk is a part of the process, though if you are being challenged properly, every move you make is calculated.
The knowledge and experience that a mentor has becomes yours. They share with you what they know in hopes that you will be able to take the lessons one step further. This is how we have evolved as a civilization. Without it, we would not have the technology or the knowledge that we have today. The mentor-protégé relationship is dependent upon the mentor sharing all without holding back. The protégé then accepts the responsibility of the knowledge, goes out into the world, and applies it. Over time, the protégé becomes a Master in his own right – and then becomes a mentor to someone else.
Mentors provide feedback that you can use. The person-to-person interactions are intense, and it allows you to learn faster and more accurately. You start to learn more and develop a way of thinking that allows you to hold a great amount of power.
Finding the Right Mentor
When you seek to know more about options trading services, it’s imperative that you find a mentor. If you want the mentor-protégé relationship to be successful, it is important that you find not only a mentor, but the right one. This means someone who connects to the options trading industry and who fits your individual needs.
The mentor is there to impart knowledge and to guide you. Once you have absorbed all they have to share with you and you know your path, then it is up to you to get out from their shadow. You have the ability to shine on your own.
As such, the mentor is the one who is responsible for telling you all you need to know. If you don’t know about the different options, how to calculate risk, or what needs to be done in order to receive real-time signals by the time you are done learning from your mentor, he has failed you. More importantly, you have chosen incorrectly. This can be avoided by opting for a quality options trading advisory service from the very beginning.
Achieving Success on Your Own
The goal within each and every mentor-protégé relationship is to surpass your mentor in not only mastery of the subject, but also brilliance. This delivers pride to your mentor. Hippocrates, da Vinci, Einstein, and many others did not hide within the shadows of their master. Instead, they chose to shine, and the world is a better place.
When you want to be successful in options trading, it is critical that you find a mentor. Learn and absorb knowledge from them. Once you have learned all you can, you can move forward and achieve success on your own, taking the knowledge you have and expanding on it with your own innovation and creativity.
Going out on your own may seem scary at first, but it is also rewarding. With each options trade you make, you obtain more confidence. Have faith that your mentor provided you with enough guidance to help you with all that you are going to do. You can be successful as long as you don’t forget what has been taught to you – and rely on the various services that are always available to you. You can then reach a point where you are ready to mentor someone because of the success you have been able to achieve.