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 Mirriam MacWilliams, options trading course

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wongmunkeong
post May 23 2011, 10:57 AM

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I've also went to a "preview" of this, and yes, the scheduled 4 days training was to be held in SJ too, either Grand Dorsett or Holiday Villa - i can't recall.

It was very easy (imho) to spot the "Sales orientation" rather than training orientation (apologies to those who find it good):
1. The "volunteer graduates" are paid some commission. In addition, they mostly (not all) know nuts compared to an active trader with their own systems / methodologies of entries & exits from trading non-options. Even a neophyte may know more than some of these "graduates" in terms REASONING of the methodologies - which, imho, are the most important element of any types of trade.

2. When it is STATED that there are "volunteers" coming back to "help out", U know that the methodologies taught aint working well - if they were, would they be back to help out FOC (supposedly)? I'm sure doing good and good karma comes back to U but via such a channel meh? Donate the $ lar better.

3. The BIGGEST in my face thing jumping around was: It's so easy, xx minutes a day cukup + the "now now now discount! & easy payment".
Alo, if it's true and it's a near sure thing - then why would they be selling the methodology instead of making a killing every day (or whenever there's no holidays, Feds' announcements, etc.)? Options wor, HUGE leverage wor. The "preview" made it sound as though "leverage" is a sure win / +ve thing WITHOUT highlighting that it's a double-edged sword - it can kill U easily if you're on the wrong end. No mention on REASONINGs and Interpretation / Analysis was said - just follow the 20+ counters that Guru-ji says to track and trade those.

end of "Guru-jis BS filter" tongue.gif
Oh btw, for RM14K to RM20K - I'd have bought several basics to advance options trading books + learned hands-on liao. Note - either the above or self-education, your mileage may vary (drastically in some cases)

This post has been edited by wongmunkeong: May 23 2011, 12:24 PM
wongmunkeong
post Sep 11 2011, 07:18 AM

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QUOTE(Harteam @ Sep 10 2011, 06:31 PM)
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 tongue.gif

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 notworthy.gif

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

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