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.

..... which comes up to around 4-7% per month. Did it for 2 years......

..... so i need more income. .....

..... I saw it every week when they put their positions in the facebook group.....

.....Try to go for options classes that teach repairs....

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.

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

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

Please advise, where to open the account for trading in options, I have attended Danial's seminar and he shown his live account from selection of S&P index, Turkey index, Crude oil and etc..

I would like to know, what is that account name, how to open the trade account for trading in options.

Kindly advise.. Thanks in advance.

In Daniel's Class, he focused a lot on repairs. I would say 70% of his syllabus is on repairs, to let us understand how to react to different situations.

From my experience, I take around 20 minutes to try to get everything done. Of course in a crash, i would just take the market price. Then it will be filled instantly.

After repair, i normally tried not to pay attention to market news as it will affect our emotions.

I do agreed that Forex is risky, hence a stop loss is a MUST. With Options, I don't need one. Just monitor and manage my positions 5 mins a day.