I didn't wait. I was lucky enough to buy Jeff's LifeTime membership before the original presentation had stopped.  I knew this was for me!  I had traded options many years ago and made a killing on my first trade (by accident as I placed 10 live contracts) and then gave most of all back in subsequent options before quitting.   Now I'm a tortoise not a hare mentality. 

I learned 3 important lessons in the last 24hours and my first live trade of 2 contracts.  I hope Support and others will correct me if I'm wrong! 

Not sure yet if this is true, but I had paper trades rejected b/c my account value was not adequate to cover the underlying stocks.  I had reduced my paper account size to match my live account size to make it realistic.   My order for 10 OXY contracts was rejected due to underlying asset size.  I then placed 2 live money orders instead of paper trades and it went through immediately.  

Qu:  does account size have to cover underlying stock total cost?  Can an expert/Support comment please? 

Second lesson for me was to watch the minute chart.  I was able to track the stock clearly so i could see fake outs almost as they happened.  On OXY I saw a double top at a key level that was a clear fake out.  I stayed in and OXY then ran down for a nice first Put trade profit. 

Third lesson I learned was to know how to close out the option.   Last time I never had any trouble closing positions on SinkorSwim (TDAmeritrade's advanced free platform).   This time the Close button defaulted to Limit.  It took me a few minutes to scroll down the page to find out I needed to change Limit to Market in which time my 22% gain had dropped to 11%. This was a live trade and I hate giving up real profit due to lack of knowledge! 

Did anyone else learn anything in their first few days of trading 'The Burn'? 

Martin