wow 12k and most are not happy with the course ?

There's an offer by optionetics at sunway convention centre that expires today that offers 2 days course inclusive of follow ups next 6 months for RM 3,888

At the back of the sign up form it has a guarantee, if you don't make 300% profit within 6 months you get full refund

Was rather excited, but after reading this thread I'm not quite sure -.-

I'm considering to join as well but after reading all this, seriously considering.

Now the course fee is rm14,000, now that's alot of money.

Guys, thanks for sharing your experiences. I attended the preview last night and the fee has reduced to 11.5k. I totally agree with one of your comments where, why do they need to conduct such course if they can make tonnes of money by trading? It is tiring and should they just spend 30mins a day to earn that big buck than trying hard to get students enrolling the course? Anyway, I am glad that I did not sign up yest. else I will have to make a loss of 11.5k before trading...

I oso went to their preview many moons ago, but they r very buss profit oriented, pushing their monthly subscription
their after sales support service is for us to subscribe to their monthly magazine usd300?? so I no join
but u must know tat she made her money from yahoo during the dot com bubble era. there is nothing latest
ie. oil shares during the oil price jump, shorting during the financial crisis, commodities going to the roof

as a rule of thumb, after sales service & support at minimal cost is important
oso ask the trainer, wat is the shares they currently rekomen or wat is the expected market trend
then see for urself the result months later
happy trading!

I went for a similar preview over the weekend, this time the organisers working with Maybank to provide flexible financing over a period of 24 months.

Agree with most of comments posted on the seminar.

Its also Grand Dorsett again and the funny thing is that those interested are asked to sign up on the spot to get discounts and freebies offered. However. 2 days later I received an SMS stating that the offers are being extended for another 3 days!

Moreover, those who are interested but dont have the time yet are asked to pay first and choose the 4 optional dates available next year. How crazy can this go?

I also wonder how a person who has not done any trading before or new to stocks can learn up and start trading after a period of 4 days. Also, as informed, one need to be able to identify suitable companies thru fundamental analysis and do timing trading thru technical analysis. Surely, relying on some "dubious" classification of companies and those online charting available wont turn you into an astute trader.

I am very sure that the amount of monies they generate from such seminars is a much better return that the riskier options trading as this is a "sure win" kind of business.

The preview was pretty successful though with more than a 100 persons turning up, may be for the Smart Investor booklet that they gave out.

For those experienced traders, they might be able to learn something from Mirriam Williams, but definitely not at this price and surely, you dont need 4 days!

i also didn't missed the 2 hrs preview at klang abt 1 yrs ago. at the end i decide not to take the cource. 14,000 US stocks can be options. for me its not eacy to choose.

not fit for me, and not sign up the form.

Hi everybody! Here's my take and hope it helps. I took the course Oct.2010, traded with 'paper' money from the brokerage site for 5 mths; then went 'live' March this year. Depending on the size of your trades, over time, you DO recoup your 'school fees'. For me, I took a little over 1 month to do that. Then, because I didn't follow the 'exit rules', lost 1/2 of what I made because my trade tanked after a 230% run! Now, I make sure I have my 'trailing stops' in place. We are taught all the fundamentals. It's up to us to follow through and apply them mindfully. That's experience. As traders, we never stop learning.

This post has been edited by Harteam: Aug 23 2011, 11:28 AM

Spent too much la... no need learn also can earn from 10% monthly that I saw someone.

I was the pass student of Mirriam. I truely agreed that they are a profit-oriented course provider. Their objective is to make $$ from teaching rather than from real trading. The evidence are:

- the support only last 6 months and need to pay USD50 per month (USD500 per year) for continue support, though you have already paid a high couse fee of RM12k-18k or SGD5k-6k. They are not interest what happen to you after 6 months.

- they want you to continue pay for as an active member to use their stocks scanning software - iF you want to achieve to spent only 30 minutes per day to trade as claimed. Without this scanning software, you could end up spending whole Sunday just to locate one or two potential stocks. (Remember there are few thousand stocks on U.S market). So you have to rely on their software for life.

- all the testimonial are out dated. The same old faces old person appear on advertisement repeatly for years. If it is consistently, then the same old faces of person will have new case or story to back them up. But NONE. Just like you buy lottery, sure got one or two person win, this is how the testimonial comes about.

- always project a positive picture of trading (sure win picture). Never talk or teach about trading psychology. So students all have a high win expectation after the course and are not prepared when in a losing game.

- they claim their methods are very easy and simple. But in reality, it is complicated and time consuming as there are many calculation works.

All my team members I have contacted did not even recover their course fee trading over last 4 years.

As some forumer suggested, best to invest the money in books and go to free leason on Internet. Important is you need to commit time to learn and improve your trading skill.

While I agree that RM11,200 is no small sum, what works for me in the end, is how EFFECTIVE the money was spent. I can say that the 4 short days of learning set me on the road to professional trading. I will try to allay some of the concerns, based on my own experience:

~ In truth, all the analysis, charting, etc. etc. being taught are things that we already learned at Junior High (Secondary) school. They’re NOT rocket science and definitely not as scary as being portrayed.

~ I never went back for any support/revision. When I needed to, I went into their website and looked up the recordings/PDFs of any strategy that had been taught.

~ Therefore, it is NOT NECESSARY to continue ‘going back to school’ (and paying a monthly school fee). The only reason people do that is they initially failed to grasp fully all that was taught.

~ The Stocksfinder is a convenience offered to paid subscribers. It is not a necessity. From your own brokerage site, you should be able to tweak your own basket of stocks to tell yourself which stocks are ‘ripe for trading.’ You’ll know how to do this when you do!

~ After you have ‘test driven’ the rules of trading, strategies and calculations, you’ll know how/when/where/why you can tweak the calculations according to your own needs. As in driving, you must first of all know and obey the rules. These are all for your safety and success! It will not be tedious once these become second nature!

~ Trading is a serious profession which I believe has to be taught INTERACTIVELY. (Do we learn how to drive a car/play a musical instrument by only reading about it?) And if there are any FULL course on trading out there that is also free, please do tell us about it.

~ I can recommend a few psychology-of-trading books for anyone who is interested. This at least is something we don’t need to pay good money for a ‘millionaire trader’ to teach!

~ I was told by a friend who attended a cheaper-by-half course on trading that she actually ended up spending a lot more than I did. The subscription to monthly ‘trigger alerts’ which not always worked was expensive and she ended up losing a lot of money. On top of this, she never learned to trade properly at all.

~ Incidentally, I also met up with a group from 4 years ago who was unsuccessful. Very simply, I told them about a favorite strategy of mine, timing, stock etc. etc. They tried it out and VOILA! It worked for them as well. So now, I have an open pending invite for dinner!

~ I might add I had no previous experience with stocks except the jumping-in-from-hot-tips kind! If I can learn to trade like a professional, a lot of people can!

Methinks none of us here (ass-u-me-ing ar, my bad if i'm mistaken) disagree that trading OR investing can be turbo-charged via learning interactively with an experienced party. However, i think the case here is whether it is of value at $XX,XXX.XX. With that amount of lump sum, one would definitely extrapolate that the guru is making the majority of $ in coaching/training than actual trading (ie. dont eat enough of own dog food, which is being served to the rest). Mind U - it's not a ONE-to-ONE concentrated and personal thing but a gang-bang school thing. If ONE-to-ONE, it may be worthwhile since it can be personalized and absorption of kung-fu increases, LIKE learning how to drive and playing piano

Just a thought yar - not shooting anyone's preference of spending $xx,xxx.xx for a trading workshop (which seem to be marketed as using leverage as a sure-win thing). My apologies for any toes stubbed

This post has been edited by wongmunkeong: Sep 11 2011, 07:20 AM

OK, thanks for the thoughts:-

~ They do/did offer one-on-one tutelage on special request after the course. All you need do is ask.

~ Leverage is only one aspect of Options trading. Of equal importance are the strategies. Combining these, you are able to maximize your capital, PLUS protect it 100% at the beginning, then turning this ‘insurance’ into 100% profit.

~ Trading is NEVER a sure-win thing. But it can be learned. Any course on offer is only the door-opener. The rest is up to us ~ to make use of, and improve on the new-found knowledge. THIS is what is being taught ~ to develop the mind-set of the successful trader.

I disagreed with some of the points mentioned above.

- Are you sure you still can login and access their website after 6 Months for the recording/PDFs/NewsLetters ??? There will shut you out unless you pay up for the monthly subscription.

- there are different type of people, some are fast learner and some are slow learner. Skill of trading is a live long learning process as mentioned. Eventhough you can grasp fully what was taught, but as markets are very dynamic, the methods you learning in the pass may not work in current market environment.

As evident with this Guru is that, she has to keep invent and change strategy and methods to deal with and adjust to the market condition. So from what are taught in 4-5 years ago with only 4 trading strategies to now more than 10 types. So if you stop getting their support after 6 months, over time your trading results will result from positive to negative because those trading strategies you learn are no-longer valid in the current new market envirnoment. This is my true personal experience. In the beginning you are ok because the methods learn are very fresh, adapt and valid to the market envirnoment at that time. The market is moving, it would not stay put. You need to keep on refresh and learn and upgrade.

- yes, you may have a favorite strategy but again, it may work now but it may not work forever. So you still need to go back to the Guru later on.

IMHO, for newbie, read up some topic about stock trading, gain some basic trading knowledge before jump into options. As everyone said, don't run before you can walk. Optoins is a leverage instrutment, is a double-edged sword, you can make alot but you can also loss alot.

http://finance.yahoo.com/echarts?s=^GSPC+I...le=off;source=;

stick with volume, support & resistance. keep any method basic & simple, coz tt is how the mkt works
wait for the market to fulfil your conditions, instead of the other way round or else die running tired for no reason
the bull bear ratio is about to intersect
not all method works 100% but as long as you cut your losses fast & draw your profits to grow, then its goodie







now market is at indecisive phase, neither here nor there
usa dog jones index etf is dia
enter straddle position at strike price, as close to current index price with a long time frame
http://finance.yahoo.com/q/ta?s=^DJI&t=5y&...50%2Cm200&a=&c=

bought call options $10.90
bought puts options $14.65
expiring january 18 year 2013
http://finance.yahoo.com/q/os?s=DIA&m=2013-01-18



“Don’t try to buy at the bottom and sell at the top. It can’t be done except by liars.” That said, Baruch said that through all of his time and research, he would develop a “feel” for when it was time to reduce positions. “I made my money by selling too soon.”

http://www.investmentpostcards.com/2008/06...bernard-baruch/

Hi Doji,

~ I logged in during the 6-mth free access right after the course; but for me, there was no need to attend any refresher or support sessions. Of course you cannot log in if you don’t subscribe anymore.

~ The course is a door-opener to on-line trading. The strategies taught are basic strategies used widely in options trading. Once you get past the beginner stage, you will see that it will take HUGE market changes to make these basic option strategies obsolete.

~ I find that keeping to just 1 or 2 strategies with an established basket of stocks, which work for us, will make us more adept at the game. The KISS theory definitely works for me.

~ I’m in total agreement that the monthly subscriptions are for beginners/‘slower learners’, as well as those who would like to keep abreast of market changes, although I would tend to put more weight on the prior group.

~ Oh … so now I see (correct me if I’m wrong) … Your gripe was about the fee rather than the course. But, for such a nominal amount, I think Wealthmentors is doing a great job in providing such comprehensive support to its former students. Plus, like you said, coming up with new strategies etc. etc. all the time!

Lol

Hi Harteam,

You sound like the staff of the course organiser.
Look at the ads on the news paper, the Guru spent 10k and make 2m in 2 years, this ads is appear 5 years ago and is still repearting now. So the Guru stop trading after gaining 2m? What is her result now? (excludes results from other investment, purely Options trading)

Now a day, the ads are camouflage under the U.S stock trading, never mention openly it is an Options trading course. Reason? A real fact is Options trading for the mass retail traders is fast fading out and lost interest in the market now.

The money back guaranteed is a BS. You get refund only before the end of the first day of the course. The most part of the trading course are cover in the 2nd day onward, where day-1 cover only the basic concept, then how do you know whether the course is suitable for you?

I remembered during the preview, someone ask the organiser why they set the course fee so high, the reason given are, the high course fee will make you learn and trade harder, because you feel the need to recover the fee as it is so expensive. This is a flaw, you are adding pressure on your trading.

4 team leaders I know during my batch have drop out because can't get consistency results after few years following the rules that have been taught earlier and subsequent teach to the junior as assigned by the organiser. They have since switch to FX with another group, and managed to recoup losses cummuated previously.

Options trading is not so popular now. There are reason behind it. Options is a complicated instrument come with expiry feature, prices are affected by time factor (expiry date), volatility. Most of the Brokers offer Options trading are U.S based, the value of your money in the account will keep dropping because USD currency rate is dropping (more so the U.S Fed promised to keep USD low for next two years), you have to keep trading and win to cover the loss of the curency rate.

Paying a RMxx,xxx to try out whether you are suitable or is it your cup of coffee, that is your choice......