Here is a good write up on Yahoo board.
clubs.yahoo.com
message number 254
Here it is. Of course it looks like some kind of come on for something. But his point is valid.
The mistake that many would-be-successful options players make is that they attempt to use options as a way to score huge gains, while utilizing only a small amount of money. As is always the case with any method that promises the world without much to lose, that approach is a trap. The well-intentioned souls who think that options are a cheap way to big gains are the dreamers that will make your and my profits possible. They are the gamblers who still believe that you can get a lot, while sacrificing little, and in so doing perpetually add to our coffers. They are among the many who have bought into the notion that one can make a big score, while putting close to nothing in the till. And it is on their backs that the astute options players can build fortunes. Sad? You bet. But oh so very true. And let me make the point here and now that the bulk of these gamblers are the buyers of options, not the sellers (writers). And therein lies the biggest mistake of all.
It is our job, no, it is our duty to make you aware that options are largely a game of Hope. And if one would be profitable at this most viscous game we call Options, one must be the seller of hope, not the buyer of hope. To those with eyes, let him see; and to those with ears, let him hear. Because in that last statement lies the master key to winning at the game of Options. But if you missed it, do not despair. We are about to show you how to stay on the winning side of the options game 85% of the time. So sit back, relax and enjoy
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