Option Trading Meetup (Part 2)

I left the Meetup fuming and doubtful about my prospects of returning in January. I texted the following to a friend:

      > I always find know-it-all type people at these
      > Meetups who are totally full of themselves.

      > Maybe I should look in the mirror and ask
      > whether I am one of these too.

      > I am somewhat dogmatic in my belief that so
      > much of this stuff cannot be known for sure.
      > Much certainty I often see displayed is
      > totally unfounded.

      > Perhaps that means I often butt heads with
      > supposed “experts” only to raise some of the
      > thought-provoking issues I believe we should
      > all explore in an effort to understand this
      > complicated stuff. There are many key
      > concepts I still struggle with after years
      > of work.

      > I guess I get irritated at seeing them make
      > definitive claims about things that I do not
      > see as definitive. Nobody else in the group
      > is going to challenge that because they are
      > beginners.

DY claimed to have been trading for 30 years and over seven figures per week. I don’t care how long someone says they have been trading options or how much they claim to have made or trade because none of this is verifiable. The world of Finance strikes me as screwy because those lauded as de facto experts are usually people with significant conflicts of interest. Given the all the financial fraud perpetrated to date, I would have great difficulty trying to argue that “financial professionals” actually care more about my performance than they do getting my business, bolstering the total AUM, and making more money for themselves.

I did not enter the room with hopes of being respected as the trading expert. I hardly think of myself that way. I did not talk about my experience or about my profits (or losses). I did find it amusing/insulting that when I posed a couple discussion questions about the first instructional video we watched, the organizer herself answered with simple, incomplete answers almost as if to placate me.

Seriously?

I’ll break this down further next time.