Dr Clemen Chiang - The Iron-will Business Man

Posted by jmot in Friday, October 19th 2007 under: motivation No Tags

This is JMOT reporting live at the Options Trading Championships 2007 :D.

I saw Christine Tan from CNBC in person! CNBC was here to report the event! This speaks about the profile of the Options Trading Championships. The man behind this all: Dr Clemen Chiang of Freely Pte Ltd.

Freely has been running seminars teaching options trading since 2003. What do I think of the seminar? I wrote something about it here. Dr Clemen Chiang is really outstanding in marketing and sales. A worthy learning role model. Check out his credentials in marketing.

Dr Chiang started in 2003 teaching options trading in hotel ballrooms. Then he went on to conduct his seminars at the majestic Parkview Square. He also rents out the place for MICE for extra cash.

Let me give you the sums. Every 3-4 day seminar has around 100 participants. Each participant pays around $3000. To date, there are 55 intakes. He has made S$16,500,000 in under 4 years! This is not including the commissions that he collects with every brokerage account opened by the participants. Assume every participant signs up for 2 brokerage accounts and for each account opening he receives around $150, that makes S$1,650,000 in under 4 years! To me, he is the best affiliate marketeer! We still have not considered the commissions he received from selling briefing.com - a newswire service.

We also have not considered the by-products of his seminars such as the Graduates Gathering and the Wealth Management Forum (now priced at close to $100 per session), the Live Trading Retreat (priced at around $3000 if I remember correctly), the various refresher courses (eg, Trade-thru-the-Night etc, also priced around $100 per session), a diploma course in options trading (priced at $15,000), the Options Trading Championships (priced at $200 per participant). He also has a membership program at around $100 per year that gives exclusive access to his online forum. He has also started his own web-based stock research tool (subscription at $480 per year).

Dr Clemen Chiang rocks, doesn’t he?!!! Before he teamed up with Success Resources to market his courses in Indonesia, Malaysia and Taiwan etc, he was running this OMO (one-man-operation)! One really got to admire his passion and perseverance. Beside running his businesses, check out his media exposure and his regular article contributions to the press. Where on earth did he find time to accomplish all these? We can learn from Dr Clemen’s tagline: preparation, perseverance and PASSION!

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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210 Comments Already

OPTIONSNEWBIE Said,

November 5th, 2007 @8:35 pm

So JMOT, since you attended his seminar. Is this guy for real?
He is making millions selling seminars, his trading record is not verifiable. And comments around his seminars are basically touching on options basics, not truly useful for practical trading instead of truly on trading systems that give consistent profit. Will like to hear your comments

jmot Said,

November 6th, 2007 @12:58 am

Hi there Optionsnewbie! I have dropped you an email with my comments I find it more appropriate to discuss the juicy stuff offline. Anyway, it is quite a lengthy email that I have sent you

kok heng Said,

December 16th, 2007 @12:32 pm

Hi Jmot,

I am also a beginner looking at options trading seminars in singapore. Will also like your comments emailed to me about Dr CC.

Kok Heng

jmot Said,

December 16th, 2007 @9:41 pm

Hi Kok Heng, sure I will drop you an email separately

Sian Said,

January 2nd, 2008 @8:17 pm

I’m very sure he is a very good presenter, but how about trader?
No record showing it is workable.
Many people advertise day in and day out with option trading, futures, etc.
There are so many Dr. Chiang-alike people out there, what make him so special?
I get to know from my colleague, his friend attended the seminar, but find it not-so useful, and of course not making profit from the market. I’m doubt with the method.
Would you be able to tell me, as his grad, if the method works?!

jmot Said,

January 3rd, 2008 @9:51 am

Hi Sian, I admire him as a motivator, marketeer, presenter and business man from the bottom of my heart The things that he accomplished is way way above that of his competitors. His regular appearances on financial TV and tabloids. Organizing a high profile competition such as the Options Trading Championships (http://www.optionstradingchampionship.com/) that even some of the US stock/options exchanges are supporting, in addition to CNBC and briefing.com.

Trading-wise, I will send you an email to the email address that you have left with me

Francis Said,

January 8th, 2008 @10:08 pm

Hi Jmot

I just happened to stumble on to your blog.
But I do agreed with you Clemen is quite a passionate guy.

However I not so sure if his teachings work in a trading perspective.
Do welcome your feedback

Cheers
Francis

jmot Said,

January 9th, 2008 @3:21 am

Hi Francis, his teachings is mainly fundamental in nature. For me personally, I achieved max 700% return from a single trade. But no consistency. If you are interested to find out more, I can drop you an email. Let me know

Francis Said,

January 9th, 2008 @10:08 pm

Hi Jmot

Thanks will definitely like to know more about his style of trading.

Anyway had you heard about FX1 ACADEMY?
though of attending one of the coming preview to find out more about FX trading.

Cheers

Francis

jmot Said,

January 10th, 2008 @12:13 am

Hi Francis, I will drop you an email separately at the address you left at my blog. Is quite a lengthy one

Oh, I am an FX1 student! Just graduated 3 weeks ago Will also tell you more in the email

Dionysus Said,

January 11th, 2008 @11:35 am

dear Optionsnewbie,

i attended his free workshop last evening, i find him very motivating, i would love to sign up for the 3-day seminar, but do not have that kind of money, could you also drop me an email about how real is he and how effective his method is? many thanks.

Francis Said,

January 11th, 2008 @9:06 pm

Hi Jmot

Thanks great to know you a recent graduate of FX1.

Looking forward for your email, maybe I will have a better insight on FX1

By the way may I ask any particular reason you chosen FX1?since there are so many master out there advertising their FX program, haaa!

Cheers
Francis

jmot Said,

January 13th, 2008 @12:22 am

Hi Francis! I have sent you an email with all that you want to know (I think :D). Did you receive?

jmot Said,

January 13th, 2008 @12:28 am

Dear Dionysus, oh dear! You better check your email for my comments fast!

Francis Said,

January 13th, 2008 @1:21 pm

Hi Jmot

I just went through my mailbox, but I don’t recall seeing anything.
No worry I will run through my mail again, probably my eyes were playing tricks on me.

Looks like this coming week going to be another bearish looking week with so many datas and banking earnings release, trade with cautions

Cheers
Francis

Francis Said,

January 14th, 2008 @9:43 am

Hi Jmot

Just check my mail this morning, unfortunately I don’t see anything from you.

After browsing thru your website I had a fair idea about Clemen in regard to his trading and the feedback I got from friends are pretty much in-line with your comment.

However I just curious whether FX1 worth exploring?!

Cheers
Francis

jmot Said,

January 14th, 2008 @2:18 pm

Hi Francis, I have sent to your hitmanXXXX yahoo email. Is that the correct one? It was a very long email that I have sent to you, there is a writeup on FX1 as well Or can you drop me an email at chris.chanch@gmail.com so that I can reply to you? Do hold your horses till you read my email to have a better idea!

jt Said,

January 14th, 2008 @2:22 pm

Hi JMOT

Can you tell me about FX1 for Forex training? What about Grace Cheng? Is she really good?

I am skeptical about all the claims made by various Forex gurus on the papers.

What do you know about Kishore? Anybody feel free to contribute please!

jmot Said,

January 14th, 2008 @5:08 pm

hi jt, mmm, think i will write an article on describing FX1’s course since demand is sooooo high Grace Cheng? She is high profile. She maintains a very popular blog at www.gracecheng.com. She appeared in news interviews, magazines and even published her own book. She was even interviewed by TradersInterview.com (http://www.traderinterviews.com/programs/permalinks/TI_10-09-07_GraceCheng.htm). I have no qualms about her being a good forex trader. Just that, in my personal opinion, trading is a skill which you cannot pick up fast by just reading ebooks (such as the forex course that she is offering, some more cost $1000+. I prefer to have a mentor to guide me along and tell me my mistakes.

I do not know much about Kishore. Just that when Options trading in IN, he teaches Options trading. Now that Forex is the hottest topic in town, he starts to teach forex too Very versatile hor indeed ><

Francis Said,

January 14th, 2008 @8:16 pm

Hi Jmot

Just reply on your advised email, hopefully this work.

Cheers
Francis

Francis Said,

January 14th, 2008 @8:43 pm

Hi Jmot and jt

I attended one of Kishore free seminars before when option was so popular, though I agree he is a great speaker but with the feedback I got from those attended his class results are not very consistent some even making losses and not much support either with the kind of money they paying.

In fact one of his protege is now running the CFD rapid programme, which some is saying is so-so based from the preview.

I guess my personal view on Kishore is that he is Jack of all trades, as he running courses for option,futures,commodities,CFD,fx……etc
Not only that he had team up with ERC in one of the wealth program.
To me I feel he is just trying to take advantage on the current trend to pour out all this program which is not cheap, whether it works? your guess is as good as mine.

Ooops a bit long winded, just my personal veiw

Cheers
Francis

jmot Said,

January 15th, 2008 @9:43 am

Hi Francis, thanks so much for sharing. Ya, I also need to qualify that all our opinions about the various courses here are personal views only. No worries Thanks so much for sharing about the Kishore course. Looks like we share the same sentiments.

Btw, I have received your email and will reply to you in a while

upfronte Said,

January 15th, 2008 @11:00 am

Hi Francis

Thanks for your feedback on Kishore.

I got the feeling that he is beginning to sound like a Jack of all trades and jumping on the latest flavour of the month.

Probably what we need to have a a full-time trader in a specific instrument that is laser-focused. One of the biggest problems we have is that our attention span is as good as the latest strategies to make easy money.

I believed everything needs hardwork. So far, looking at what is available in Singapore for Forex training, it seems that it boils down to :

Grace Cheng - Full time forex trader
FX1 : Nothing like an institution with people mentoring you and with probably good post-training support.

In terms of value for money, I wonder is starting on Grace’s course is probably the best initiation into the world of forex trading?

Curious??

Francis Said,

January 15th, 2008 @3:38 pm

Hi upfronte

I just started taking notice on FX trading as an alternative trading source beside trading in option and the Singapore stock market.

Other than the fx player as mentioned in Jmot blog, Grace Cheng got my attention recently as she appeared in CNA (not sure anyone caught that?)
Maybe Jmot could give you a better insight since he had attended FX1 courses (I know the price is steep)

Cheers
Francis

upfronte Said,

January 16th, 2008 @9:53 am

Hi Francis

I went to FX1 “BOM” session last night but could not wait to get out ASAP!! To be fair, I did not attend the full session but the way it is being pitched, it rings the nostalgic days when the Nuskin, Herbal Life and all the MLM majors moved into Singapore. You can imagine I cant wait to get out as fast as possible which I did. I just want to get to the meat of what they offering but have to subject to a typical black church setting whereby patrons have to clap and say “amen” to the presenter and listen to his “sermons” and anecdotes. Sound abit harsh but sorry… I have invested in other seminars and training that are a waste of money.

They preached that they have an auto-software which works only on the USD/JPY pair. JMOT should check this out whether it really works.

Grace Cheng seems pretty genuine but then again I dont have a feedback from real people who has taken her course. She is an individual so if anything happens to her (God forbids), how can you get post-training support?

In comparing gurus, Kishore at least has made it. He provides probably greater breath of the financial markets than Grace who is only into Forex.

In comparing between training institutions such as FX1 and onlineacademy, the jury is still out until I meet with onlineacademy.

: )

Francis Said,

January 16th, 2008 @10:26 am

Hi upfronte

Thanks for the insight, will take note of that.

Totally agreed on Herbal Life, attended and can’t wait to get out not my cup of tea man.

Cheers
Francis

jmot Said,

January 16th, 2008 @3:48 pm

Thanks for the very insightful comments by Francis and upfronte I have learnt a lot from the 2 of you You have prompted me to write a post on how to determine if a trading course is good

I have not received the automated software provided by FX1 actually. Going to get it end this month. Will definitely share more in time to come. Actually, the software trades on multiple currency pairs. The manual strategy is the one that trades on USD/JPY solely.

Francis Said,

January 16th, 2008 @8:01 pm

Hi Jmot

Just a quick check are you aware there is this guranteed by FX1 ?
In actual fact this guranteed only applies to the demo account for USD/JPY, sound a bit weird.

Got this info from a guy who attended the course while I was researching about FX1 over the net (there are so much info you could find out over the net, that is how I stumble onto your blog)

Cheers
Francis

jmot Said,

January 17th, 2008 @4:15 pm

Hi Francis, yes, there is a 6 month money back guarantee. After the course, we are to start a demo account to trade with the strategy that was taught. At the end of 6 months, if the demo account lose money, the school claims that they will refund full course fee with 10% interest. The only clauses are to trade only with the strategy taught, same lot size for all trades and minimum 40 trades per month.

Tony Chai Said,

January 17th, 2008 @9:19 pm

Hi jmot :

Nice blog you have.

I’m from Batch 14 and it’s been almost 2 years since I traded options, mainly using his earnings gapping analysis.

My very frank view is : trading option with earnings gapping analysis is not easy. Since it’s rather difficult to predict the direction of the gapping after earnings announcement correctly, you definitely need more information to increase your probability of anticipating the direction correctly in addition of what you’ve learned in the course.

I find that this crucial factor is your familiarity with the company background by following the company’s business activities and development, earnings performance for at least a few quarters and to observe the price pattern of the stock price very closely ie. at what circumstances price tend to break out or drop. It’s too risky trading earnings gapping by guessing whether a company would gap up or down after earnings without even knowing in-depth of the company does or the knowing the price behavior of the stock price.

Regards,

Tony Chai

Andrew C Said,

January 19th, 2008 @1:03 pm

Hi Jmot,

I attended a workshop by Dr.Chiang last night. I would like to know more about your opinion on his seminar. Could you drop me an e-mail as you did with the others. Thanks.

jmot Said,

January 20th, 2008 @7:21 am

hi Andrew C, sure thingy will send to the email address you left with me…

jmot Said,

January 21st, 2008 @1:16 pm

hi Tony! nice to know a fellow Freely schoolmate through my blog

yes, i agree that really a in-depth knowledge of the company as well as how the analysts and traders feel about the company is necessary to play gaps. but there are sooo many companies out there and so much information about every company. to really get a good grasp of a company’s internal health is really not simple.

btw, i have long visited your blog before when i first started out on options keep that winning spirit up!

RT Said,

January 23rd, 2008 @7:35 pm

Hi jmot, heard a lot of stuff from this blog, truly useful and tons of good feedback. Thanks.

I’m a newbie and looking to start doing some small-scale trading to supplement my income. Am exploring whether stock options or forex. Did a lot of research online and seems to favour forex, but not ruling out stock options.

jmot, can you advise on which are the better forex and stock options courses that I could attend. I know they cost a bomb and so I got only one shot. So far from what I’ve heard, Freely is the best choice for stock options, and FX1 is the best for forex.

jmot, can you pls provide more detailed insight to both so I can make a decision? Or is there better courses out there that you would recommend? Such as Momentum Asia (forex) and T3B Systems (stock options).

Many thanks in advance.

kok heng Said,

January 23rd, 2008 @11:08 pm

I must say the Dr now is quite plump with his millions. Today has his front page trumpeting his Mr Aswin Tan and ‘Join the many other Live Freely Graduates who will become millionaires in 2008′. Headline ‘Enjoying life with complete Financial Freedom in 2008 through strategies that’s proven to work’. A BIG PINCH OF SALT.

jmot Said,

January 24th, 2008 @4:02 pm

hi RT, thanks for your compliments. really glad to be able to help. seriously, in my personal opinion after learning forex and futures. i really find these 2 instruments way much simpler than options and even stocks. i mean forex and futures are way easy to pick up, with the right mentoring that is.

i have not heard anything about MomentumAsia. for T3B, i heard from a classmate that the strategies do work (at least!) and that they are more for longer term investments. i heard they rolled out futures classes recently. interesting! downside is there is a charting software with some proprietary indicators that students have to buy and pay regular fees for. like to just qualify that the above regarding T3B is what i heard from my friend…

of course there are better courses out there. let me drop you an email with the details…let me know if you have received.

jmot Said,

January 24th, 2008 @4:05 pm

hi kok heng, yeah, i saw well, you got to give it to him. he has his strengths. he knows which is the most eye-catchy news headlines

Francis Said,

January 26th, 2008 @12:59 pm

Hi RT and Jmot

Maybe I can shed some light to some of the question.

MomentumAsia:
The trainer is Tobin who was a FX trader with a bank before venturing out on his own. The feedback I got he teaches mostly on how to read candle-sticks to determine your entry and exit point (like the various types of candles…..), it was said it has quite a high drop-out rate among its student which I feel not many people can master the art of reading candle-sticks!! Moreover he runs a very small outfit and the class size is pretty small, it has a forum for students to engage in (but hear there really not much activity going on). My personal take there are better fx courses in the market which I believe Jmot will share with you.

T3B:
I’m a student of T3B(Jan 07), T3B was originally forcuse on Spore stock market only, right now the option course is not open to public and is only meant for fellow students (but will open to public soon) which I’ll be attending tom. So far the charting system does work in fact I just earned back my option fees recently, in regard in the charting system you pay a small subscription fee (I paid S$240) for the duration of one year which you can renew later on, which include live data feed from the stock market . Right now T3B had changed a more web-based charting system which I believed is much expensive as I’m still using the old system.T3B also started fx course for the public recently by this Clarence Cheng, right now can’t comment until I witness for myself.

My advise, decide which asset class (FX, stock option, commodities/futures) you keen on, since each is different in terms of risk exposure (and profit of course) and most importantly ask yourself can you take risk or the volatility of the market,cos there are people who don’t like FX as it is too fast, while there are others who don’t like stock option as it is too slow.

Ooops too long winded.
Hope this help and once again just my personal view.

Cheers
Franics

Tony Chai Said,

January 26th, 2008 @4:11 pm

Hi jmot :

Thanks for your words of encouragement.

It’s rather difficult to trade options when trading capital are limited but I’m still hanging on and refining my skills as I gain more trading experiences. I’ve also become more stringent and more selective in my trade selection as a result. But this has trained me to avoid trading randomly and to commit my fund only to those trades which would yield me higher probability of success & worthwhile in terms of the risk/rewards ratio.

Can I also request for your frank opinion of the Freely Course and the Fx1 course to be sent to my email.

Thanks and Wishing you a Prosperous Lunar New Year in advance.

Regards,

Tony Chai

upfronte Said,

January 27th, 2008 @9:49 am

Hi jmot,

I attend the preview by Clarence Chee from T3B with an open mind.

Clarance has conducted about 8 batches of training. He started trading since 1994 and has gone through the currency crisis hump.

His presentation is very engaging and he walk us through his some of his strategies but placed emphasis on the “me” factor and not the methods.

Of all the presentation I have seen, the way he presented makes it very easy to explain more advanced analysis even for the preview!

I sign up for the course starting this weekend and will provide feedback. I think it will be useful for us to sharing varying experience.

Thanks for intro to Farseers…though…

jmot Said,

January 28th, 2008 @4:01 pm

hi Francis, thanks so much for your sharing very informative! agree with you on the selection of asset class. just like to add that for beginners who don’t have much of a stock investing experience, i recommend you go for futures or fx to learn technical analysis first. just my personal opinion…

jmot Said,

January 28th, 2008 @4:06 pm

hi Tony, what you have described is the hallmark of a successful trader. i see a successful trader in the making! hope we can share and learn from each other

will be emailing you my course opinions. let me know if you did not recv…

wishing you a HAPPY AND PROSPEROUS CHINESE NEW YEAR too! may you continue to have good trades and $$$ rolling in!

CuriousTrader Said,

January 28th, 2008 @11:34 pm

Hi jmot,

Thank you for sharing!!!

I am one of the Batches and graduated from 2005 and have been trading since end 2005.

Well, for me, I guess consistency is an issue, the methods are just perhaps not suitable for me. I wonder if it works, and how many “millionaires” have been created….

As for the methods taught, I guess for some “millionaires”, it works but I believe the missing word is “CONSISTENCY”

I feel that some methods taught cannot “Hold water” and cannot be sustainable or proven over time….

I have started learning FX and find it much more comfortable for Traders in Singapore due to the Time Zone.

Please email me your review of FX1 as I am very keen to attend.

Thank you very much!

*Note: My comments are solely my own opinion, they are not meant to offend anyone, readers please conduct your own research. Cheers!

Singaporean Learning to trade Said,

January 29th, 2008 @7:21 am

Hi,

I am like many singaporeans trying to learn to trade by attending seminars since 2003 that sprung up like mushrooms. I would say I am cheated/mislead) by the seminar I attended. Basically the trainer go through theory but not really how to make money trading. After 4 years since 2003 I am still not making money, I find Trading is not a walk in the park and you can lose all your money as I have found out. I want to forewarn those naive singaporeans about those dangerous half-truth seminars where the trainer seems more a motivational speaker than a trader.

My criteria now for trading seminars is
1) the trainer himself managing a fund and has a verfiable track record
2) the trainer is not making most of his money selling seminars but from fund management
3) teaches trading systems not a generic bunch of options theory
4) Excellent post-seminar support and training, contactable
can offer a trading program that last months not just a weekend
(Trading needs not months but years to achieve proficiency)
5) Seminar attendents are making consistent profits from trading systems(Not trading theory) taught

jmot Said,

January 29th, 2008 @9:18 am

hi upfronte, i agree that the SELF is more important then the techniques in trading. i trust ur judgment as u have done a lot of homework. i believe T3B is really something for you to sign up with them immediately. great! let’s share our learnings and grow together!

jmot Said,

January 29th, 2008 @4:11 pm

hi CuriousTrader, i second you on that part. “Consistency” is what we need! after attending 2 courses on forex, i also feel that forex trading (futures trading included) is easier to pick up. sure, will send you my personal opinion via email…

jmot Said,

January 29th, 2008 @4:17 pm

great sharing! Singaporean Learning to trade! i, myself, have wasted a lot of money on some courses hey, you mind if i adopt your course selection criteria to develop a trading course selection framework for my future blog post?

Singaporean Learning to trade Said,

January 29th, 2008 @7:03 pm

Hi Jmot, sure use my criteria. You are doing singaporeans a favour. I don’t see any singaporeans with the guts to give a frank review of trading seminars. You display a lot of potential for a newbie. I would recommend toni turner series of books that turn around my trading. SDG50 bucks for a complete treatment of retail trading for beginners.

www.toniturner.com. She emphasis trading plan and mastering one setup at a time. Add more when one has mastered it consistently. My present setup to master is the simple trendline bounce/break. That’s all.
And keeping a trading journal which she calls the gift that keeps giving.

starlight Said,

February 1st, 2008 @2:24 am

hi JMOT, glad i stumbled upon your site…great stuff u have here! Would like to get your comments on FX1.

hi Upfronte, i too went for the T3B forex preview but did not sign up as i was evaluating other courses. It seems like there are so many offerings in the market these days. do also provide your feedback after attending the course.

cheers!

Victor Said,

February 1st, 2008 @2:43 pm

Hi jmot,

Here is another fellow Freely schoolmate. I stumbled upon your blog only now, and seeing so many other sites leaving comments about him only AFTER I went for the course.

Water under the bridge now. Appreciate if you can share your insights regarding his course.

Thanks.

jmot Said,

February 1st, 2008 @3:17 pm

hi SLTT, i just don’t wish more ppl to waste money like i did.

thanks for the recommendation. will definitely pick up the book

Nanoi Said,

February 1st, 2008 @5:14 pm

Hi Jmot,

I recently attended Freely workshop preview and would like to ask yr honest opinion b4 I decide to sign up with them. Tell me all that u can tell and advice me. I have until Monday, 4th Feb to sign up with them.
Kindly email me,
I am attending T3B this weekend.

I attended Kishore forex. He taught well.

Just for yr info

Nanoi Said,

February 2nd, 2008 @1:07 am

Hi Jmot,

can u kindly update me on Freely. Can u email me cos I need to know b4 I sign up with them.

Tks

Singaporean Learning to Trade Said,

February 2nd, 2008 @4:41 am

Hi jmot, I am just a normal singaporean. Went through NS, Air Level and such. Asian culture is just too closet. If singapore is Chicago, all the gurus on the market will be massarced in a year with all the frank reviews and all the ‘I sue you’ Americans.

jmot Said,

February 3rd, 2008 @2:21 am

hi starlight, i hv sent you my comments…yep, i am waiting for upfronte’s review of the course too

jmot Said,

February 3rd, 2008 @2:33 am

hi Victor, then you must be from quite an early batch, is it? cos there were already many comments about him all over the internet during my time. but i also found out after i hv signed up for the course…its a long story…

sure, will be glad to share with you…pls check your email…

jmot Said,

February 3rd, 2008 @2:40 am

hi Nanoi, hv sent you email. let me know if you have recv…do let us know if Kishore’s strategies work, ya?

jmot Said,

February 3rd, 2008 @2:43 am

hi Singaporean Learning to Trade, yep, cant agree more…:D

btw, given your deep knowledge in trading, are you trading full-time now?

PS. i am also AIR level haha, reminds me of my NS days when the hokkien pengs teased me

Singaporean Learning to Trade Said,

February 3rd, 2008 @11:21 am

Hi Jmot,

far from it, as I said I am not making money yet(have not passed the tuitions fees the market asked of me). I read Mark Crisp ‘7 Habits of Highly Successful Traders’ in 2005 not Optionetics Tom Gentiles 7 Habits. It took 2 years for what Mark Crisp said to sink in. I am also a reader of Greeksman and traded his BMIC. The problem is a little knowledge is a dangerous thing. I lost money on BMIC because it was not suited to my trading psychology and temperament. You can see greeksman is the ultimate patient trader. You can see it in his kind and patient replies in his board and forums.

I want to warn new traders not to take a black box approach to the gurus teachings. Markets conditions always change. You have to recognise and react to it. During this Jan is extremely volatile. Yet I am not affected.
It boils down to experience and learning.

Last, I definitely DO NOT want to say I trade this do that do this. A little knowledge is a dangerous thing. Like learning to trade earnings gaps.
Learn the basics well and build your own trading style.

jmot Said,

February 9th, 2008 @1:10 am

hi SLTT, icic, will definitely check out that book. i have been focusing on strengthening my psychology aspect for this period of time. yep, agree with you on Greeksman. he is one kind and patient soul.

joe Said,

February 20th, 2008 @3:57 pm

The acid test is for Clemen Chiang to prove either:

1. he made more money from trading than teaching and marketing

2. how many of his ex-students have become millionaires

jmot Said,

February 22nd, 2008 @11:56 am

hi joe, for 1, only the man himself will know. for 2, if anyone who is reading this blog and has became a millionaire with the strategies. pls testify!

Voon Said,

February 22nd, 2008 @2:12 pm

Hi jmot

I am a newbie in forex. I have recently attended a preview by Wealth DNA on forex trading to be conducted by Chris Lori. Do you have any idea how good is the course?

Do you mind share with me your opinion on FX1 or any other forex course? thks.

jmot Said,

February 26th, 2008 @10:09 am

hi Voon, ck (http://ckowyong.com/blog) has attended Chris Lori’s course and has good praises for it…you may want to find out more from him

Aik Cher Said,

February 27th, 2008 @9:31 am

Hi jmot,

Educational stuff you have here. Could you also send me your views on Clemen Chiang? Thinking of signing up for his workshop.

Thanks and keep it up with the nice blog.

Cheers!

wannabe Said,

March 1st, 2008 @7:04 pm

Hello jmot, my fren n i are thinking about enrolling for the freely “paying” seminar. However after reading some of the comments have starting to make me think twice. Please drop me an email on your personal opinion on not only the freely seminar but also on options trading itself.

jmot Said,

March 3rd, 2008 @1:26 pm

hi Aik Cher, wannabe, have emailed you my personal comments…

Chung Lee Said,

March 6th, 2008 @5:43 pm

juliyan Said,

March 10th, 2008 @4:36 pm

Hi Jmot
i am thinking about enrolling for the freely “paying” seminar on 26th~28th July, 2008. However like wannabe after reading some of the comments have starting to make me think twice.
Please drop me an email on your personal opinion for freely seminar and also on options trading itself.
Thanks

kevinF Said,

March 11th, 2008 @11:59 am

Hi there,
I am newbie into the stock trading and can anyone give me some feedback or review on the T3B system, is there any others recommendation on stock trading seminars/workshops ?

Thank you.

Kevin

Max Said,

March 13th, 2008 @11:54 am

Hi jmot, I am also thinking of signing up for the freely seminar. But before I do that, could you drop me an email on your opinion of that course? Thanks.

jmot Said,

March 13th, 2008 @3:47 pm

hi Chung Lee, juliyan, Max, hv sent you email individually

Daisy Said,

March 13th, 2008 @4:46 pm

Hi, I’m new to trading and glad to have found your blog. Do you mind dropping me an e-mail regarding your views on dr.Clemen’s seminar and T3B trader. Any insight on the effectiveness of the T3B charting system on Indonesian market? Do you know any other better course for a beginner like me? I only have very limited budget, and there are many trading courses to choose from out there. Appreciate very much your reply.

jmot Said,

March 13th, 2008 @4:50 pm

hi KevinF, got 3 friends who reflected that the T3B stocks system makes money. downside is got to pay subscription for the software. got a friend commented that the system is a black box. so doesnt really teach you trading but ask u to trade based on the stocks recommended by the black box. you judge for yourself.

looking at the syllabus, i find Online Trading Academy’s stock course quite comprehensive. but course fees are quite steep i was told. anyone can verify?

jmot Said,

March 13th, 2008 @5:25 pm

hi Daisy, hv sent u via email

Ray Said,

March 15th, 2008 @7:41 pm

Hi jmot! Wonderful blog you have here, I stumbled upon it while I was researching about freely and the Dr. Would you please email me your comments about Chiang’s seminar and T3B please? Like you, I’m always looking forward to the day I can wake up in the morning and tell myself that if I am going to work that day, it’s because I genuinely want to, and not because of some financial concerns

Many thanks in advance!

James Said,

March 17th, 2008 @10:11 am

I am new to trading and thinking of taking up a course from freely.

But I see the money making claims a bit too much. Is it real that
everyone makes money and what about people losing money?

Is the course good for beginners like me? Could you please give
me your comments on his course?

Raymond Lim Said,

March 18th, 2008 @10:51 pm

Hi,

I intend to take up the T3B Trading course. I am newbie in trading and would like to start from T3B Systems. I have attended the 2 hours free preview conducted by Keane Lee, he is logical and persausive.

So not sure you guys have any trading experience with T3B Systems, it is truly profitable consistently and able to sustainable ?

I have also attended other seminar like Mirriam MacWilliams from Wealth Academy, Freely Business School, and Online Trading Academy, but the cost are simply too high and i am not able to afford to pay those fees .

T3B is relatively cheaper, is $SGD3,388, allow 24 months interest free installation using POSB or DBS visa Credit Card to pay.

SO it advisable for me, as an newbie, without any prior experience of trading of stocks, futures, options or fx , it is good starting point to learn T3B Systems to trade local Singapore stocks before venture to trade options or fx ??

Keane Lee, have said in his 2 hours free preview, that if you can’t conquer your own backyard, what make you think you can conquer somebody backyard ? If you are not able to trade profitable in the local stable , slow-moving Singapore stock market, what make you think you are able to profit from the fast and high market volatility, in trading stock options in US stock market ?

So i am thinking to start in local singapore stock market first …..

Any advise or comment ?

jmot Said,

March 20th, 2008 @12:42 pm

hi Ray and James, hv sent you my comments via your emails…

jmot Said,

March 20th, 2008 @12:50 pm

hi Raymond, feedback from a couple of friends who attended T3B is that the system does work and is making some money for them. of course, there are another handful who say it doesnt work as well (as with any other courses).

dont merely look at course fees. i heard T3B students are required to subscribe to this charting software and are to pay subscription regularly. of course, the educator will tell you that you will more than enough $$ to cover the fees…

for me, i used to think that singapore stock market is a difficult one to play in. its ill-liquidity as the main reason, which also makes it easily manipulated by big players. that is, until i met a guru during the last Singapore Aspiring Traders’ meetup that trades mainly in the Singapore stock market and is making a handsome profit from it daily!

i mean, dont be waivered by all those marketing talk out there. do the your own research. ask around. and don’t be in a haste to sign up.

Raymond Lim Said,

March 22nd, 2008 @3:28 pm

Hi,

I have also attended, seminar conducted by the followings :-
(1) Chief Trainer, Mirriam MacWilliams (Option trading in US markets) conducted by Wealth Academy

(2) Concept of Price (trading in E-mini Russell 2000 index) conducted by Marcus Tay

(3) Adam Khoo Wealth Academy (also with US stocks and options trading)

(4) Optionetics Financial Academy (teach US stocks and options trading)

(5) Online Trading Academy (covers US stocks, options trading and FX)

Any students have attended any of the above-mentioned courses, are they or any one of them profitable ?

They are in common that their course fees are very steep , except Marcus Tay Concept of Price, which cost about SGD$3,200 .

Looking for feedbacks from you guys .

jmot Said,

March 22nd, 2008 @11:56 pm

hi Raymond, oh! you have actually attended all the 5 courses???!! hey, then we should be the ones asking you for feedback!

ya, hope any of their students can comment here!

DC Said,

March 23rd, 2008 @10:43 pm

I just graduated from poly and after read up quite a fews book on investing plus some paper trading on my own, i am also considering signing up and learn some trading method with the gurus.

Would you mind if you send me your reviews on all those courses that you has attended or you got some opinion about them? I saw alot of courses like Freely, T3B stock and forex, FX1, Concept of Price, Asia Charts. because the price of most of the course are steep and i do not want to throw my saving in the drain!

thanks

Raymond Lim Said,

March 24th, 2008 @6:16 pm

Hi JMOT,

You may have mis-understood . I only attended their free 2 hours seminars, not their workshop or courses ….. =p

So here i asked here for any feedback from any students here whom have already attended the courses …

jmot Said,

March 26th, 2008 @12:53 am

hi DC, i hv sent you an email

hi Raymond, icic. my apologies for the misunderstanding.

wesley Said,

March 26th, 2008 @12:54 am

Hi Jmot,

I am a beginner recently attended Freely workshop. I would like to know more about your opinion on his seminar

wesley

jmot Said,

March 26th, 2008 @1:22 am

hi wesley, i hv emailed you.

RK Said,

March 26th, 2008 @4:43 pm

Hi I am a newbie in trading, I heard about the TMT dimension and attended their preview recently, they also used chart to trigger the entry & exit signals. Did anyone attended their courses and profitting from the Singapore stock market? appreciate if anyone share with us about his experiences with TMT.

Thanks.

Raikon Said,

March 26th, 2008 @5:27 pm

Hi Jmot,

I am planning to attend Freely Workshop also, but i would like to know your opinion …
Thank You !

Raikon Said,

March 26th, 2008 @10:28 pm

Hi Jmot,

I just attended Freely workshop yesterday. I would like to know more about your opinion for the 3 days seminar…

Thank you …

kingisland Said,

March 27th, 2008 @4:13 pm

Hi Jmot,

I am a new beginner for share investment. I want to learn investment technical. I attended the free workshop last week. It is quite impression to Dr. Chiang. But it is very expensive for me. And I don’t know his option trading method work or not. Could you please give me more details? Thanks a lot.

Bill Nighlot Said,

March 28th, 2008 @10:40 am

Hi jmot,

Could you please send me a copy of your scoop as well?

Much thanks.
Bill

Stay Said,

March 31st, 2008 @9:24 pm

Hi Jmot

I’m very determined to start trading now and just attended the free seminar by T3B yesterday. Not sure if is wise to sign up for his coming course at $3388 as I also come to know about freely. I’m interested to know more. Pls email me. Thanks !

Alvin Said,

April 2nd, 2008 @8:25 pm

Hi Jmot, recently i lost tons of bucks in options until i saw Mr Chang articles.. is he for real..? i dunno if i want to take his course.? pls guide me.. can u tell me his style of trading..? method of trading..? pls..? thanks !!
hanzhuo4@hotmail.com

chris Said,

April 3rd, 2008 @10:29 am

Hi Jmot,

I’m new to trader and also glad to have found your blog. Do you mind dropping me an e-mail regarding your reviews on freely dr.Clemen and T3B Keane Lee.

Besides, i was interested in FOREX too.. but… as what i heard from Keane Lee, FX’s time consuming is much more longer than stock trading (monitoring hours a day) and i got limited time too..

Do you agree on that and how do you think?

Appreciate very much your reply.

Regards,
chris

Tauron Said,

April 5th, 2008 @5:40 pm

Hi Jmot,

I would love to read your detail review of the course before I put down any money.

Thanks.

akirawu Said,

April 6th, 2008 @2:09 am

I would love to read your detail review of all the courses before I put down my hard earned money.

Thanks.

PeterO Said,

April 7th, 2008 @5:26 pm

Hi Jmot,

I would like to know more about your opinion on Dr CC’s seminar. Could you drop me an e-mail as you did with the others.

Thanks

jmot Said,

April 8th, 2008 @1:27 pm

hi Raikon, kingisland, Bill, Stay, Alvin, chris, Tauron, akirawu and Peter, i hv sent you my personal comments, for your reference.

cbt777 Said,

April 8th, 2008 @11:46 pm

Can you drop me an email on your personal opinion regarding Dr CC’s trading versus his business skills?

Thanks.

kingisland Said,

April 9th, 2008 @1:13 pm

Thank you for your personal comments.
There are a lot of similar courses in the market such as T3B, Asia Charts and so on. Do you have any comments for these courses? If possible, please drop me a message. Thanks.

rio Said,

April 11th, 2008 @6:11 am

pls send me info on t3b forex fx1 and clemens chiang

jmot Said,

April 11th, 2008 @6:17 am

hi all! i have ceased sending out my personal comments…

newbietooptions Said,

April 11th, 2008 @3:50 pm

Hi Jmot,

Got to know know your blog while google for options trading, I recently attend Dr CC’s seminar which sounds interesting based on his track record, his presentation is good. I was wondering if you can send me your personal opinions on his course as what you have send to others previously. Thanks a lot

rio Said,

April 11th, 2008 @10:21 pm

HI,
since we have so many interested why not we have those who have attended the course to say does it work or not how much profit how much loss in what time frame is it recommended and how their friends are doing then those who scam people cannot do the damage with unaware people and those who are good get rewarded there are so many burnt and wiped out that i think we must protect ourselves

rio Said,

April 11th, 2008 @10:24 pm

all of you can send me comments at riovida88@yahoo.com will hear from all the courses t3b powerup capital fx1…………………..

rio Said,

April 11th, 2008 @10:25 pm

you can send me your emails and any infor you wish to know

Javier Said,

April 13th, 2008 @5:23 pm

Hi jmot,

I just attended freely’s preview and paid a deposit to secure the so called “the best offer”. I will make the full payment next week.

I would like to listen to your experience and advice regarding freely’s 3 -day seminar courses. Your advice would be very much appreciated.

While reading your forum, I have seen lots of your fans asking about T3B, and I have read its website. Could you also send me info about that??

Thank you,
Javier

Javier Said,

April 13th, 2008 @5:29 pm

Btw, a bit info about myself.

I am not experienced at all about trading. I dont even know how to open an account.

I was thinking that perhaps I can get started by attending Freely’s seminar. But I am not sure if the seminar is over priced. The “best offer” that I was given is $3995.

Is there any seminar that gives you a better impression that you could recommend?

Adji Said,

April 13th, 2008 @6:11 pm

I attended a workshop by Dr.Chiang few days ago. I would like to know more about your opinion on his seminar. Could you drop me an e-mail as you did with the others. Thanks.

TC Tan Said,

April 13th, 2008 @10:44 pm

Appreciate if you could send more info on T3b forex and fx1 academy?

Thank You.

jmot Said,

April 14th, 2008 @4:26 pm

hi TC Tan, i hv ceased emailing out my personal comments

3nr Said,

April 14th, 2008 @4:26 pm

Jmot, Can send to me too? i’m very interested to know your view abt Dr. CC , T3B, Asia Chart or any other courses out there in singapore

Coz as what i heard from other’s pro trader, Dr. CC method is not credible, NOT CONSISTENT, and more like gambling with little basic yet CRUCIAL knowledge has been taught, e.g greeks. Sad to hear that.
I believe every trader should been taught with a comprehensive open method so that ones can delevop themself and use with their method which they are comfortable with in line with their own personality.

As for T3B trading system, i believe it may earn profit BUT small percentage over time. AND i’m very disagree and dissapointed that they encouraged ppl to short sell in this few years which is SUPERRR DANGERR (never do it!)

Jmot or whoever who has attended or purchase above trading course or system, appreciate you share with me to enrico9xu AT gmail DOT com

Lopez Said,

April 15th, 2008 @12:09 am

Yo Jmot!!!!!!

Please do not cease emailing out your advice. Lots of people out there are being conned and they need your help!

Besides, your website will generate more and more traffic because of your good will.

Keep it up!! Keep your fire going! Let your heart shine!

jmot Said,

April 16th, 2008 @1:31 pm

hi Lopez, much as i wish to…*sigh* well, i believe my readers can sieve out some information from the comments here…

ValueInvestor Said,

April 16th, 2008 @3:25 pm

Hi Jmot,

I have just attended freely free preview recently. Appreciate if you can email me your personal view and opinion on the RESULT.

It really caught my attention to grow a portfolio > thousand %.

AT Said,

April 17th, 2008 @5:45 pm

Hello Jmot, just came across this blog and would like to know more about Clemen’s seminar. Would you mind to email me in private? thanks

Keen Said,

April 18th, 2008 @3:32 pm

Hi Jmot
Would appreciate it if you could drop the much covetted email containing ur personal opionion of the freely course as I have just attended his talk yesterday and eager to hear from your experience. Thank you.

tauke99 Said,

April 18th, 2008 @7:55 pm

Hi Jmot. Can kindly share with me what’s actually is your reivew?

A.T Said,

April 18th, 2008 @9:34 pm

Hi Jmot, excellent website, could you share with me about CC’s course?TQ.

Vincible Said,

April 21st, 2008 @5:05 am

Hi JMot,

I am interested to get that “top secret” email from you concerning your comments on Clemen Chiang’s all-so-expensive options trading course. Is it useful, or just another scam? His resume doesn’t show that he has real practical experience in options trading - more motivational stuff which hinges on “talk”.

And his PhD…. it’s from Preston University - an infamous degree mill which dishes out PhDs for paying overseas students. Which makes me very very suspicious (why would anyone credible want a PhD from a degree mill?)

Please do send me your comments. Thank you.

jmot Said,

April 22nd, 2008 @2:16 am

erm, I am still working towards becoming a millionaire after attended his course in Mar 2006…is this a clue?

mmm, degree mill…i really din know that Preston U is a degree mill. hey! perhaps i can get one for myself! Dr Jmot sounds good

Vincible Said,

April 22nd, 2008 @12:11 pm

Yeah, Preston U is dubious.

See article by the Chronicle of Higher Education (Mar/2007) http://chronicle.com/news/article/1808/diploma-mill-crackdown-in-wyoming-sends-preston-u-to-sweet-home-in-alabama

Anyway, “Dr” jmot, pls send your email to me soon!!!

bernard Said,

April 23rd, 2008 @7:01 am

hi JMOT

i was considering whether to sign up freely’ method course, can you send me your comments like what you sent to others.

Steven Said,

April 24th, 2008 @2:00 am

Hi,

I am also really interested to get your top secret email on Dr Clement and T3B etc. I have attend many free introduction seminar including optionetics, T3B, Freely, Mirriam MacWilliams, Adam Khoo Wealth Academy etc. But I am not sure what to choose. T3B seems quite good. Please advice.

regards

jmot Said,

April 24th, 2008 @5:50 am

hi guys, afraid i had ceased sending my personal email comments. what i can suggest to you is to look at Optionetics and the Online Trading Academy Singapore if you want to pick up real options trading knowledge. PS, i have no affiliation with the schools

fifi Said,

April 26th, 2008 @11:29 am

Nooooo JMOT, dont cease your personal email comments !! This is your GOOD WILL to human and do a job for GOD WILL too. Everyone will appreacite !!

happy Said,

April 27th, 2008 @12:02 am

For those who attend Dr Clement course, careful about his word “you can do it”, “you can be a millionair”… , very excited but will make you lost in latter stage. Just remember there is no easy money. By hardworking and ambitious in option trading will make you sucess ?

Nino Said,

April 27th, 2008 @12:25 am

HI Jmot, psl let me know whether Dr Clemen Chiang is for real and his methods really work? I was so impressed by what he said and thinking to attend his course to get out of my financial predicament as soon as possible. Waiting for your email. Many thanks

Nino Said,

April 27th, 2008 @12:57 am

Hi Jmot,
Can you send me ur email about the FX1 and opinions on other course as well? Thanks a million.

david Said,

April 27th, 2008 @9:20 pm

hi jmot..

really indecisive whether take t3b or freely course..after hear some comments about freely,and i am confuse..one promise consistency and reasonable return ,one shock and vowed me with 7000% return in one trade.
i am looking at praticality,effectiveness and consistency..so Jmot..Which be your judgement..for a newbie who aspire to really wants to go full time successful trading for life..Appreciate your sharing by email..

many thks..!

limbt Said,

May 2nd, 2008 @12:31 am

Hi was just wondering if any of you have any feedback after attending clemen’s class ? i just signed for his class and is extremely confused after the seminar as another speaker speaks against options trading. i saw some of your comments that options trading is not easy… is that correct and what’s the investment that we are expected to put into the actual trade ? 300 to open an account was what i gather.. but the buying of option wise ? i saw saw one option was at $32 what’s our cost to pick up this option can someone advise

jmot Said,

May 2nd, 2008 @2:21 pm

hi limbt, a starting capital of $300 is not very useful. firstly, it will be wiped out in 1 or 2 trades if you are not careful. when the option price is $32, you will need to fork out $3200 to buy 1 contract (is that Google?)!! take care, take care…

hi david, the hint is already there…let me give another hint…even the BEST traders in US are trying to achieve around 20% return on their capital annually. so is it possible to have few thousand % profit EVERY TIME or even MOST OF THE TIME?

hi Nino, i understand your predicament…till i find a better way to do this…you can go check out other courses. Click under “Courses” link from my top menu to get a comprehensive list.

ST Said,

May 2nd, 2008 @9:19 pm

Hi Mot

I am new in trading, could u advised me where I can learn TA and options.

Thks

maxy Said,

May 3rd, 2008 @12:48 am

Hi Jmot, nice to find u have this blog for us to share some information.I also attend his preview in Jkt, as new bee pls send me your comment on CC seminar, adam khoo WIA and T3b. YOur comments are very valueable to me as this course not cheap to me. TX a lot and GBU always.

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Dr Clemen Chiang - The Iron-will Business Man

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