Written by A.J. Brown

3 Reasons NOT to Be an Apprentice

As you might already know, we recently began accepting applications to join the new Apprentice program.

The folks who are accepted into the program will practically be forced to be successful. Failure is not an option.

But — and I don’t say this lightly — not everybody is ready to be an Apprentice. Here are three reasons why…

Reason #1: If you don’t make time to trade, you should not be an Apprentice.

Everybody is busy these days. Everybody has too much going on.

Still, some people make time for trading — and others do not.

It’s really not a function of how much time you have available. Rather, it’s a function of how committed you are to becoming a successful option trader.

Those who are serious make time both to learn and to act on what they learn.

Reason #2: If you’re focused on the cost of money instead of the spread, you should not be an Apprentice.

Whenever you borrow money, there is a cost associated with it.

Depending on your credit worthiness and the source of the money, you might pay 5% interest or 8% interest or more.

But while the majority of people focus on the cost of money, a true investor is focused on the spread — how much he can make over and above the cost of that money.

It’s an issue of “highest and best use.”

A consumer will borrow money, spend it on a depreciating asset like a new car… and then worry about the cost and whether he can afford his monthly payment.

An investor will borrow money… and invest it in an appreciating asset that produces enough to cover the cost of the money plus a healthy profit.

Do you have to borrow money to trade options? Absolutely not.

But it’s important to think like an investor — and focus on the spread.

Reason #3: If you don’t believe in investing in your education, you should not be an Apprentice.

A lot of education is free. But the best education carries a cost. (Think Harvard.)

If you’re the type of person who thinks all information should be free, then the Apprentice program isn’t for you.

In fact, you might want to stop reading now and go search Google for “free option trading education.” I’m sure there are plenty of sites offering to teach you “everything” for free.

On the other hand, if you’re the type of person who recognizes the value of top-notch education, and is willing to invest in that education, then perhaps you’ll want to apply to the Apprentice program.

Best regards always,

A.J. Brown

P.S. If you’d like to learn more about the Apprentice, you can read all about it here.

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