{"id":31260,"date":"2013-09-11T17:54:53","date_gmt":"2013-09-11T21:54:53","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=31260"},"modified":"2023-06-08T10:01:20","modified_gmt":"2023-06-08T14:01:20","slug":"accelerate-your-options-trading-journey-join-a-mastermind-group","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/accelerate-your-options-trading-journey-join-a-mastermind-group","title":{"rendered":"Accelerate Your Options Trading Journey: Join a Mastermind Group Today"},"content":{"rendered":"<p>Have you ever joined a trading group? You know, the kind that meets once a month in your local town or maybe an online group or chat room? Are these groups a good idea and can they really help you? Well, it really depends on what you are looking for. In his book <em>High Performance Trading<\/em>, Steve Ward writes \u201cThere are only really two technical keys to achieving success in trading\u2014firstly, developing a trading strategy with an edge in the market, and secondly, developing the ability to consistently execute that strategy.\u201d<\/p>\n<p>Most people join trading groups both on and offline in search of the first of these two needs, a <a title=\"The Incredible Power of an Options Trading Plan: Much More than Options Trading Strategy\" href=\"http:\/\/www.smbtraining.com\/blog\/the-incredible-power-of-an-options-trading-plan-much-more-than-options-trading-strategy\">trading strategy<\/a>. But if everyone is searching for these, who in the group will be the one to share their ideas? Unfortunately, these groups tend to be made up of traders all in search of a strategy. For those who have a strategy already and want to improve their success, these groups tend to offer little value. Eventually most of the folks with a legitimate strategy leave these groups. So now what?<\/p>\n<p>The good news is that there is no shortage of ways to find a strategy. Just go to any book store or search the internet and you will find many, many people offering to teach you trading strategies. Whether technical analysis, fundamental analysis, trading options or futures or options on futures, equity day trading, equity swing trading, currency trading and so forth. You name it, you can find it. But what happens when you find a strategy and now you need to focus on the second key according to Ward which is the ability to consistently execute your strategy. This is where another type of group that can help you. It is called a Mastermind Group.<\/p>\n<p>What is a Mastermind Group? According to the Web site, <a href=\"http:\/\/www.thesuccessalliance.com\/\">TheSuccessAlliance.com<\/a>:\u00a0\u201cMastermind groups offer a combination of brainstorming, education, peer accountability and support in a group setting to sharpen your business and personal skills. A mastermind group helps you and your mastermind group members achieve success.\u201d It is a group that helps you get to that next level. Putting together a group can be challenging and might take time. But in the long run, these groups can be very effective in helping you break through barriers, provide motivation, keep you accountable and help you stay on course.<\/p>\n<p>So the next time you think about joining a trading group, make sure you know what you are looking for and need as a trader. It is not enough to be exposed to a solid trading approach. You need to work to continually hone that approach as well.<\/p>\n<p>Seth Freudberg and Michael Schwartz<\/p>\n<p>no relevant positions<\/p>\n<p><a href=\"http:\/\/twitter.com\/SethF_SMB\"><img decoding=\"async\" src=\"http:\/\/twitter-badges.s3.amazonaws.com\/follow_me-c.png\" alt=\"\" \/><\/a><\/p>\n<div><a href=\"http:\/\/www.cboe.com\/resources\/intro.aspx\" target=\"_blank\" rel=\"noopener\">Risk Disclaimer<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Have you ever joined a trading group? You know, the kind that meets once a month in your local town or maybe an online group or chat room? Are these groups a good idea and can they really help you? Well, it really depends on what you are looking for. In his book High Performance Trading, Steve Ward writes \u201cThere &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/accelerate-your-options-trading-journey-join-a-mastermind-group\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":1037,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[3327,3326,1951,3325,4683,1259,3324,1965,3328],"class_list":["post-31260","post","type-post","status-publish","format-standard","hentry","category-general-comments-2","tag-call-option","tag-how-to-trade-options","tag-option-strategies","tag-option-trading-strategies","tag-options","tag-options-trading","tag-options-trading-101","tag-options-trading-strategies","tag-put-option","no-post-thumbnail"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Accelerate Options Trading: Join a Mastermind Group | SMB Training<\/title>\n<meta name=\"description\" content=\"Join an options trading mastermind group to accelerate your trading journey and learn from other traders. SMB Training offers a variety of options.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/accelerate-your-options-trading-journey-join-a-mastermind-group\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Accelerate Options Trading: Join a Mastermind Group | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Join an options trading mastermind group to accelerate your trading journey and learn from other traders. SMB Training offers a variety of options.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/accelerate-your-options-trading-journey-join-a-mastermind-group\" \/>\n<meta property=\"og:site_name\" content=\"SMB Training Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/smbcap\/\" \/>\n<meta property=\"article:published_time\" content=\"2013-09-11T21:54:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-08T14:01:20+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/twitter-badges.s3.amazonaws.com\/follow_me-c.png\" \/>\n<meta name=\"author\" content=\"BarryL\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@smbcapital\" \/>\n<meta name=\"twitter:site\" content=\"@smbcapital\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"BarryL\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/accelerate-your-options-trading-journey-join-a-mastermind-group#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/accelerate-your-options-trading-journey-join-a-mastermind-group\"},\"author\":{\"name\":\"BarryL\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/77a6f5a15b78b82ceee96ef2576000a7\"},\"headline\":\"Accelerate Your Options Trading Journey: Join a Mastermind Group Today\",\"datePublished\":\"2013-09-11T21:54:53+00:00\",\"dateModified\":\"2023-06-08T14:01:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/accelerate-your-options-trading-journey-join-a-mastermind-group\"},\"wordCount\":465,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/accelerate-your-options-trading-journey-join-a-mastermind-group#primaryimage\"},\"thumbnailUrl\":\"http:\/\/twitter-badges.s3.amazonaws.com\/follow_me-c.png\",\"keywords\":[\"call option\",\"how to trade options\",\"option strategies\",\"option trading strategies\",\"options\",\"options trading\",\"options trading 101\",\"options trading strategies\",\"put option\"],\"articleSection\":[\"General Comments\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.smbtraining.com\/blog\/accelerate-your-options-trading-journey-join-a-mastermind-group#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/accelerate-your-options-trading-journey-join-a-mastermind-group\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/accelerate-your-options-trading-journey-join-a-mastermind-group\",\"name\":\"Accelerate Options Trading: Join a Mastermind Group | SMB Training\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/accelerate-your-options-trading-journey-join-a-mastermind-group#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/accelerate-your-options-trading-journey-join-a-mastermind-group#primaryimage\"},\"thumbnailUrl\":\"http:\/\/twitter-badges.s3.amazonaws.com\/follow_me-c.png\",\"datePublished\":\"2013-09-11T21:54:53+00:00\",\"dateModified\":\"2023-06-08T14:01:20+00:00\",\"description\":\"Join an options trading mastermind group to accelerate your trading journey and learn from other traders. 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