I MUST Succeed!!!

Posted by jmot in Thursday, April 5th 2007 under: Courses, Options No Tags

Someone brought this piece of news to my attention. How unfortunate. Freely Business School is where I received my education in Options Trading. I attended the seminar, that was conducted by Dr Clemen Chiang himself, not the coaching sessions though. I found it way too steep at that point of time. What’s more, I am still some way off trying to cover for my seminar fees.

How was the seminar? Above average, I would say, especially for a person like me who have not dabbed in stocks or any other investment instruments previously other than unit trusts. The seminar helped me to get into swing by providing the basics of options trading, setting up the trading “platform” (online brokerage signup and trading tools) and also allow me to be acquainted with like-minded trader wannabes. Dr Clemen Chiang is really a very outstanding motivator, marketeer and presenter. I picked up some presentation and marketing techniques from him as well =)

Would I recommend the seminar? No. Options Trading is not as simple as what was brought across in the seminar. Certainly not something that can be picked up in a 5-day seminar. The Freely strategies may not be suitable for everyone. As a matter of fact, there is not a trading strategy that suits everyone. All successful traders that I know have evolved their own strategies. Furthermore, you need more than one strategy to full capitalise on the market to achieve consistent profits (income). Why wouldn’t I recommend the Freely seminar then? At the point of time when I signed up for the seminar, there was more than 14 such seminars around teaching Options Trading. Which is the best? I don’t know. But I believe there is no such thing as the best.

Actually the title of this post came about as a result of the many unhappy happenings in the course my job (as well as my wife’s) in the last few weeks. Both my wife and I have learnt to put a stop to all the procrastination. We have managed to evolve those feelings to our motivation to be successful in trading. In order to be free from shitty appraisal schemes, strange colleagues, biased superiors, I MUST SUCCEED!

If you find this post or this blog is helpful to you in any way...do consider buying jmot a kopi (aka coffee)!

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15 Comments Already

waywalker Said,

March 19th, 2008 @11:38 am

Hi. I attended an options trading course with Mirriam MacWilliams in Malaysia. If you allow, let’s share some insights into this in private email.

jmot Said,

March 20th, 2008 @12:33 pm

hi waywalker, sure! i would like to hear more about that course

Options or Optional Said,

March 28th, 2008 @1:38 am

I just attended the seminar yesterday and I must say Clemen Chiang is indeed an outstanding speaker. I guess he easily reaches so close to the hearts of the audience with his frankness, analytical and knowledgeable approach towards the subject of options trading and life.

Really admire this guy who described ‘he started from nothing!!’ to what his value is today. I almost signed up when he offers the ‘last 20′ seats at a price of ‘$120′ to those who have financial obstacles. I was the first to sprang from my seat to the registration table where I found the truth. Ok, I’m just a typical person who won’t resists this cheap offer though I know deep inside that it’s not that simple!

True enough, that lady told me this:
$120 x 36 months or
$180 x 24 months

That is a total of $4320 which is even more costly than the first group who were offered $3999. Helping the second group financially like this? Well, I understand this is a world of business and reality but sometimes the type of little gimmicks really piss people off even though they could be keen, exactly similar to network marketing styles.

I pulled out after 2 other questions finally, especially the lady couldn’t answer my questions in clarity. I just thought should find out more b4 committing.

Thanks Jmot for sharing your thoughts! I believe nothing is as simplified as what is presented in a mere few slides and there’s no single strategy that can be applicable to all.

I will still continue to research more on options trading though. Clement’s 3 days session sounds great in theory but it just lack the clarity in details to participants before their sign up. I hope those around will also try to find out more before committing your $$$

Daemon Said,

April 5th, 2008 @7:42 pm

This Clemen Chang was once a NTU Student Union president. He bezzled the union funds due to great losses in options trading and got sacked at an EOGM. For the next 2 years, no Singaporeans wanted to run for SU and then it became a foreign student affair ever since then…

jmot Said,

April 8th, 2008 @1:32 pm

thanks for your sharing, Options or Optional. during my time, he wasnt using those tactics

woooo, Daemon, thats some insider scoop!

chris Said,

August 14th, 2008 @11:07 pm

I agree with jmot. I attended the freely course and found his strategies are not that user friendly and lack of clarity when come to execution.

Can you or waywalker share with me on Mirriam MacWilliams ?

mb Said,

August 28th, 2008 @9:51 pm

Hi,

Am really keen on attending Mirriam’s trading course,if anyone had attended,would appreciate some true feedback before I put in my hard earned $$.

Thks!

abc Said,

August 29th, 2008 @11:13 am

Hi mb,

http://jwong139.proboards84.com/

jmot Said,

August 29th, 2008 @5:35 pm

hi mb, i agree with abc, you can also seek advice regarding options from Greeksman as well. he is a guru in options.

skyquest Said,

October 30th, 2008 @11:05 am

Dr Clemen Chang, ha, ha. He made money in seminars and real estate. Absolutely not option trading. Do you know 99.99% of the people lost money in stock and opton trading. It’s take about 20+ years to learn how to trade. Go and ask any successful trader.
Dr Clemen Chang’s seminar is good only for educational purpose (too expensive for 5 days traning) and not for making money. People signed up for the course when GREED and FEAR (fear of loosing the opportunity) took over. People should cool down for 5 days. However, Success Resource always make a good offer to entice people.

In short, Dr Clemen get rich by selling his seminar and invest the money in real estate. Do what he does. Don’t do what he tells you to do. Same as for Richard Tan of SR.

Cheers!

Sky

JCML Said,

November 7th, 2008 @2:06 pm

I’ve just attended a talk on Miriam MacWilliams’ Smart Trader Training conducted by Wealth-Mentor (S) Pte Ltd. Everything they say are so promising. Yes no doubt they did not promise to make you a instant Billionaire but the aim is to have a sustainable income rich enough to live a quality life about normal average salary employment.

But looking at the set up. Miriam & Arron, whom was suppose to have learned from Miriam, are still not trading full-time but from earnings from conducting such courses around Asia. I’ve also notice they have many mentors however they seem not to be trading too but busy with organising and running the course. So if they say that the techniques Miriam teaches requires you to only spent 20-30 min a day. So why are these Mentors not doing it?

Recently I dug out a article about Miriam and her 2 million dollar feat. It seems that wealth she made in 2005 was a one-off thing and had gone bust after the bear market. Apparently thereafter she did not manage to perform such a feat again but gone into research and training.

During the recent talk about Smart Trader seminar, they did briefly show what she had recently trade 123K for over 9 mth….so it is worth it to pay such a high course fees for such return, a return only achieved by a guru herself?

However this could be one of the better course than others to attend if you dont mind spending the amount to learn. Hear/say that her strategy is simpler than other guru and they dont have software that you need to purchase & all the research materials are found free online. They just provide guidance even after 6 month. Sucess or failure also depend on individuals, although they dont mention I believe there are some that did not make it.

///////////
Executive Money
Published July 6, 2005
Reading stocks the ‘price action’ way
That’s one of the investing principles trading coach Miriam MacWilliams teaches. GENEVIEVE CUA finds out more about her investing methods
AT a dinner party at the height of the dot-com rage, trader and trading coach Miriam MacWilliams recalls meeting an accountant who revealed that she was retiring, thanks to a stock account that had ballooned to nearly US$2 million in value.
Miriam MacWilliams: “I don’t want people to focus on the news at all. Just focus on what you see happening on the stock. Believe that price action dictates everything.’
‘I told her you might want to liquidate, make some investment in real estate … She did not. All that money was tied up in Cisco Systems.’ The long and the short of it was that the entire capital disappeared in the aftermath of the bear market that ensued.
The devastation of dot-com bust started Ms MacWilliams on a journey to discover why people were losing so much, and how they can be helped. She was then - and still is - the national education director of the US Stock Investors Club. She began to visit other clubs across the US.

jmot Said,

November 10th, 2008 @10:27 am

hi JCML, interesting sharing. as a matter of fact, it is very true that not all course participants (for any course for that matter) succeed after attending courses. the courses serve as a kickstart, there is still a lot of hardwork to be put in after the course.

if you find M course too steep there are certainly many alternatives around.