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 Daniel loh options trading

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apathen
post Oct 16 2018, 10:29 PM

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QUOTE(JonRobin @ Oct 15 2018, 06:18 PM)
Thanks.

Most courses also emphasize money management.

You seem to have exposed too much, putting you at the mercy of small swings causing margin calls.

Did you follow, if any, the risk/money management taught in the course?

Or the course actually recommended that it is safe to 'gamble' that way?
*
sound to me he was over trade + not experience in repair

apathen
post Oct 16 2018, 10:33 PM

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QUOTE(y2k_neo18 @ Oct 15 2018, 06:01 PM)
Hi,

May I know what option trading platform Daniel Loh using? You open the option trading account during the class?

Thanks,
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think or swim. you need to open the account before the class.
learn2earn8
post Oct 17 2018, 10:13 AM

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can I enquire how did Daniel and Adam class advising you to play the market currently?

QUOTE(Brandonlow1231 @ May 8 2018, 09:43 PM)
I attended Daniel and Adam class.

I would say Daniel style is much simple to understand and less homework to do as only few products being introduce to play.

However, Daniel strategy risk to return ratio was around 5:1( which mean you win $1, when you lose you lose $5). But his strategy has high probability win rate about 90%. It seems to be nice to think 90% means you are not going to lose, when the loser comes will wipe your profit away and even more somedays.

Daniel course will make you worry in the night when the losers is coming soon, because you unable to calculate what your losses is for options until it comes so my rough estimation is risking $5 to make $1

For Adam classes, it will be more difficult to understand for beginner as his syllabus contains a lot of theory. He has a good risk to return ratio which is 1:2 (which means when you lose you will lose $1, and when you win you win minimum $2 or more)

Which I felt Adam strategy is slightly better as the losers won't wipe you out completely but with his strategy and we are looking at porbablity more than 51%, that's our edge in the market.

Example if you enter 10 rounds, you lose 5 and win 5 with the risk return ratio (1:2) overall you are still winning.

Adam course will required more homework and many steps to follow before entering a trade, sometimes you will get frustrated that so many step is there and less candidate to choose.

Adam classes will make you able to sleep better as before you enter a trade you know how much you will lose.

Both courses has it pros & cons
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learn2earn8
post Oct 17 2018, 10:16 AM

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if you are prepared to lose your entire premium on an option trade, feel free to trade it
best is to buy before their earnings announcement and of course don't buy those nobody trading type of shares

QUOTE(JonRobin @ Sep 23 2018, 05:09 PM)
re: Which one is best?  Terence Tan, or Ken Teng, or Daniel Loh, or others
Any Daniel Loh course graduates, can share a feedback on his course, and how has your trading been using his teachings?

I am currently digging for feedbacks, trying to decide which Options Trading course should I enrol in.

I will definitely enrol, and them having similar prices here in Singapore, I am just deciding which one to choose.

Graduates please comment and share your feedback.

If you are a graduate of Terence Tan, or Ken Teng, or other Options Trading courses, please please please comment to on how your trading did when following their teachings.
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JonRobin
post Oct 17 2018, 10:21 AM

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The fact that very few graduates give a positive feedback, is very worrying.
learn2earn8
post Oct 17 2018, 11:59 AM

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can pls provide an example how it works in real life? thanks
https://www.facebook.com/groups/UltimateOption/
RULES:
- 30 day free trial, after that will be $30 for every 3 month

QUOTE(leongkk @ May 15 2017, 06:59 PM)
The reason to choose 5% PITM is because it is safe. We only open position (sell) when volatility is high - thus the premium is high. Normally we don't sell naked option. Instead most of the time we open vertical spread or iron condor, with the targeted return of 15% ~ 20% per trade
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learn2earn8
post Oct 17 2018, 12:03 PM

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heard that 'He mainly taught trading of stock options and futures options of US market (S&P 500, gold, crude oil, soy, wheat, corn etc). I lost 60% of my capital after 3 months trading. But since then managed to recoup all losses in 6 months. The strategy was to open (sell) credit spread with 5% probability ITM'

any sample of trade to share for current market conditions? how does it works

QUOTE(markteo8188 @ Feb 12 2018, 09:13 AM)
I have attend his class at year 2017 and guess what I get now. My account was burst in 1night and I still owe the booker by 2k usd plus. That was terrible when I saw my 10k account with 2k winning has loss 14k in a night and it just happen in last tue (6 Feb 2018), Im in a very terrible mood now and CNY is coming and I had no mood to celebrate it at all.

Please don't trade as what he mention even though the winning rate was high, as the lost might be more than 100times than your profit. Just imagine you are a 4D owner and someone hit on the 1st price and you gonna pay for it. His method was we become the seller of the option and when trend is opposite of you and you need to pay for it.

We place our trade at pitm 5% with faraway from current market price, but the S&P500 are  not even drop for 10% and our money all gone. Your trade no need to be ITM as he spoke during preview and you already receive a margin call to top up or they will force close your trade for big loss. And the advise he give was push us die further as the advice trade is all lose. Somehow since end of last year he already push us to hell as most of the trade he advice was wrong, for student which join in end of last year has not even enjoy win trade but already burst.

This is win small and loss big game and you will not be able to afford to pay it. FYI I only use 15% of my margin to trade but all gone. Don't you feel curious why the record show during his preview was long time ago result...What is the trading result for those which have a big earn on 2012-2014?? Big question mark as their trade for recent year already not been found.

Hope everyone out there which haven't suffer from big loss, please don't risk your money into this. You will only contribute it to build someone account look more nicer and he wont rent you any help when problem arise.
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learn2earn8
post Oct 17 2018, 04:53 PM

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Attached Image

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» Click to show Spoiler - click again to hide... «
sdpadhiyar
post Oct 27 2018, 07:26 PM

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May i know, what is trading account used by Danial low's Student.
I need to open demat account same as there student is using. please help
Bentley Yap
post Oct 29 2018, 09:31 PM

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I am speaking as a former student of Daniel's class. Honestly speaking, there was a time i stopped trading his options method bcos I feel return is a bit low for me and less exciting.

I started off with a 4 figure capital, can only make somewhere around US200-300 per month, which comes up to around 4-7% per month. Did it for 2 years.

But in options selling, it depends on market conditions like volatility. I do have losses. This year Feb I suffered some paper losses. But i manage to salvage the trade because of repairs which is taught in class.

This year i attended a forex trading class. Attracted by the good returns i started trading forex and abandoned trading options. At the start the returns is tremendous. I can make almost 10-15% return in one month. But sadly last month I burst my Forex account.

I guess there is no best way to attend such investment classes. Either you want a consistent more boring options strategies, or the more exciting but risky Forex trading methods.

Of course i am not giving up in Forex yet. Hope to give myself one more chance to try...

This post has been edited by Bentley Yap: Oct 29 2018, 09:59 PM
JonRobin
post Oct 29 2018, 09:39 PM

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QUOTE(Bentley Yap @ Oct 29 2018, 09:31 PM)
..... which comes up to around 4-7% per month. Did it for 2 years......
Thank you very much for sharing! I appreciate it greatly!

You did average 4% monthly profit for 2 years? 4% monthly is about 50% annually. 50% is huge. Not even mutual funds can give that consistently.


Bentley Yap
post Oct 29 2018, 09:53 PM

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QUOTE(apathen @ Oct 16 2018, 11:29 PM)
sound to me he was over trade + not experience in repair
*
I agreed with apathen. There are a lot of Daniel students that overtrade. I saw it every week when they put their positions in the facebook group. Options trading is not like stock where you can whack everything in one stock. Even for stock investment to be successful, we need to diversify and risk only 5% of capital per stock we invest.

Repair is important in market crashes. A lot of options courses teach strategies, but not many teach repairs. Only when we master repair methods, then we can be consistent.

Try to go for options classes that teach repairs
Bentley Yap
post Oct 29 2018, 09:56 PM

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QUOTE(JonRobin @ Oct 29 2018, 10:39 PM)
Thank you very much for sharing!  I appreciate it greatly!

You did average 4% monthly profit for 2 years?  4% monthly is about 50% annually.  50% is huge.  Not even mutual funds can give that consistently.
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Ha. the problem is my forex trading is 10-15% per month at the start blink.gif

Bcos i am trading full time and out of job for a while, so i need more income. Really hope to have a strategy that can make more than options trading
JonRobin
post Oct 29 2018, 10:03 PM

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QUOTE(Bentley Yap @ Oct 29 2018, 09:56 PM)
..... so i need more income. .....
I think if you are making 4% monthly on the average, on options trading, that is your chicken that can lay golden egg - the solution to many people's problem.

There is just one thing you need, which is typical in investing - capital.

You are not satisfied 4% monthly return, because your capital is small.

Just keep trying to get a job, and increase your capital.

Nowhere on the planet can you get such huge returns easily. Not even in real estate investing. Forex (which you most likely are using with leverage), is almost always gambling. While you can gain 4% in options trading, you can gain NEGATIVE 100% in forex. Options trading would be better.

May I know how many hours do you spend, to achieve that average of 4% monthly on options trading? How many daily and in total, how many hours per month, if you dont mind?
JonRobin
post Oct 29 2018, 10:11 PM

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QUOTE(Bentley Yap @ Oct 29 2018, 09:53 PM)
..... I saw it every week when they put their positions in the facebook group.....
Is that 'facebook group' a "closed" group for graduates?

QUOTE(Bentley Yap @ Oct 29 2018, 09:53 PM)
.....Try to go for options classes that teach repairs....
May I know if the Daniel Loh course you attended do teach repairs?

Terence Tan course highlighted repair a lot during his free preview.

I believe the Ken Teng course also did mentioned repair in his free preview.
Bentley Yap
post Oct 29 2018, 10:28 PM

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QUOTE(JonRobin @ Oct 29 2018, 11:03 PM)
I think if you are making 4% monthly on the average, on options trading, that is your chicken that can lay golden egg - the solution to many people's problem.

There is just one thing you need, which is typical in investing - capital.

You are not satisfied 4% monthly return, because your capital is small.

Just keep trying to get a job, and increase your capital.

Nowhere on the planet can you get such huge returns easily.  Not even in real estate investing.  Forex (which you most likely are using with leverage), is almost always gambling.  While you can gain 4% in options trading, you can gain NEGATIVE 100% in forex.  Options trading would be better. 

May I know how many hours do you spend, to achieve that average of 4% monthly on options trading?  How many daily and in total, how many hours per month, if you dont mind?
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After bursting my account in Forex, I kinda agreed. Leverage is a double edged sword. But I still trying to see if i can daytrade forex for a living.

Anyway for options trading, it is really boring, unless there is a major stock crash like in Feb or like 2 weeks ago in Oct. What i do is place my options position every month. Once you are familiar, it takes like 5 minutes to open position. Then I will check everyday for 5-10 minutes to see if need to repair and manage my options trade.

Most of the days i do nothing. When i get started last year, I simply can't believe the time spent. That is why i try to learn Forex too.

Options trading is boring unless there is a sudden movement like a crash. Then i probably need to stay up until i do my repairs. I tried doing repair early. Less worry.

In one year, there probably is 1 to 2 such events that needs my special attention.

In fact i agreed with you that 4% is a good return, if my account is larger. I am satisfied with the returns, just not the amount.

This post has been edited by Bentley Yap: Oct 29 2018, 10:36 PM
Bentley Yap
post Oct 29 2018, 11:31 PM

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QUOTE(JonRobin @ Oct 29 2018, 11:11 PM)
Is that 'facebook group' a "closed" group for graduates?
May I know if the Daniel Loh course you attended do teach repairs?

Terence Tan course highlighted repair a lot during his free preview.

I believe the Ken Teng course also did mentioned repair in his free preview.
*
Yes I would say when it comes to options trading, repair is the most important thing.

I do understand from some friends that Terence Tan teach how to trade options weekly by selling options on stocks. From my experience, it is pretty risky. Bcos when stocks gap down, there is no chance to repair but to take the losses on weekly options.

Ken Teng is a student of Sean Seah. Do not know whether he teach the same trading method. Sean Seah's method is to sell naked put option on stock. That needs a lot of capital. Buying a stock like Apple today cost US$22000 per lot. Big capital needed just to start trading this method.

Overall, selling options does give high chance of winning. Most importantly is not to overtrade and learn repairing.
elvenchou1987
post Oct 30 2018, 02:28 AM

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Came across this post and I would like to share my 2 cents.

I have been an options trader since 2015 and I come from a background of 0 knowledge on Options & US stock market. Paying a course fee of few thousands may sound absurd considering you have free access to plenty of online resources for free or by buying books. But here is the difference, even when you buy books & read it, you only gain theoretically knowledge. You still have to do alot of research online or books to further expand your horizons. Bear in mind there is no one there to guide you on this journey. Imagine a whole lot of time used up for this tasks prior to trading itself.

On the other hand by paying a course fee (which usually includes hiring a mentor), you are able learn the background & understand the concept during the course itself. What's more, usually the trainer (or mentor) shares his trade secrets/formula based on his past experiences (failures & success). Moreover, the mentor is suppose to guide you based on his option trading methodology.

So in the end, you are not wasting $$$. You are paying to get a potential life mentor, a proven trading methodology, a deep understanding on options trading, etc. Think of it as paying for your degree while you were at university (just that there is no certifications this time). Have you ever seen any famous athletes without any mentors? If you want to be good at what you at, hire a mentor.

As for me, I joined the IMP Course by Terrence Tan (A singaporean trader & mentor) & I paid SGD 3k for it. I was able to earn all the course fee within 8 months & have continuously gain profits till now. Even during the recent market. This is all due to Terrence (my mentor's) trading methodology in stock picking & Risk management strategies. There is a growing community in SG, MY, Vietnam and Thailand following his methodology. And what is most important is he is providing life-long mentor-ship.

Some may think that RM4k is expensive for a course. But no one ever questions how expensive is tertiary education is. Food for thought smile.gif

Disclaimer : I am not promoting any courses here, but just sharing my thoughts.
JonRobin
post Oct 30 2018, 01:19 PM

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QUOTE(Bentley Yap @ Oct 29 2018, 11:31 PM)
Yes I would say when it comes to options trading, repair is the most important thing.

I do understand from some friends that Terence Tan teach how to trade options weekly by selling options on stocks. From my experience, it is pretty risky. Bcos when stocks gap down, there is no chance to repair but to take the losses on weekly options.

Ken Teng is a student of Sean Seah. Do not know whether he teach the same trading method. Sean Seah's method is to sell naked put option on stock. That needs a lot of capital. Buying a stock like Apple today cost US$22000 per lot. Big capital needed just to start trading this method.

Overall, selling options does give high chance of winning. Most importantly is not to overtrade and learn repairing.
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Thank you for sharing all the info. This is helpful especially to those considering to enrol, like me.

You mentioned "boring" except during crash. During crash, how long (likes hours/minutes, and how many days) you need to do your actions (like repairs, etc.)?

I also got addicted to forex. Used mt4 robots, indicators, and also coded my own indicators and robots. 2 years time money effort wasted. I concluded to myself: forex is gambling.
JonRobin
post Oct 30 2018, 01:24 PM

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QUOTE(elvenchou1987 @ Oct 30 2018, 02:28 AM)
Came across this post and I would like to share my 2 cents.

I have been an options trader since 2015 and I come from a background of 0 knowledge on Options & US stock market. Paying a course fee of few thousands may sound absurd considering you have free access to plenty of online resources for free or by buying books. But here is the difference, even when you buy books & read it, you only gain theoretically knowledge. You still have to do alot of research online or books to further expand your horizons. Bear in mind there is no one there to guide you on this journey. Imagine a whole lot of time used up for this tasks prior to trading itself.

On the other hand by paying a course fee (which usually includes hiring a mentor), you are able learn the background & understand the concept during the course itself. What's more, usually the trainer (or mentor) shares his trade secrets/formula based on his past experiences (failures & success). Moreover, the mentor is suppose to guide you based on his option trading methodology.

So in the end, you are not wasting $$$. You are paying to get a potential life mentor, a proven trading methodology, a deep understanding on options trading, etc. Think of it as paying for your degree while you were at university (just that there is no certifications this time). Have you ever seen any famous athletes without any mentors? If you want to be good at what you at, hire a mentor.

As for me, I joined the IMP Course by Terrence Tan (A singaporean trader & mentor) & I paid SGD 3k for it. I was able to earn all the course fee within 8 months & have continuously gain profits till now. Even during the recent market. This is all due to Terrence (my mentor's) trading methodology in stock picking & Risk management strategies. There is a growing community in SG, MY, Vietnam and Thailand following his methodology. And what is most important is he is providing life-long mentor-ship.

Some may think that RM4k is expensive for a course. But no one ever questions how expensive is tertiary education is. Food for thought smile.gif

Disclaimer : I am not promoting any courses here, but just sharing my thoughts.
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Tnx for reposting. Informative.

If i will trade 200k, i wont mind 3k. Thats how i convince myself. Also profit potential. And disadvantage if i dont.

Risk, yes, as we dont know if it works. Thats the hard part when deciding to enrol or not.

Feedback by graduates helps a lot.


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