Options trading seminar

I believe after having traded options, you would find his course rather too simplistic too, right? Any option course that does not cover IV is just not doing justice to this complex subject. Have attended any of his follow up classes? Has he expanded his curriculum from the 2 strategies he taught back in 2004? I agree with you that his option classes are just the beginning.

Agreed. Past experience is a good teacher but can be expensive. Happy trading!

Hi : I believe Dr Clemen course provide a clearer direction on how to trade options, at least it applies to me. I learned about options greeks from books, internet but the most vivid lessons that I learned about IV was from my real-life experiences trading options. I've also learned stuff from other graduates. But I found out that the best way to improve your techniques is to gain trading experiences and keep expanding your knowledge beyond the 4-day course. Take Care, Tony Chai http://options4u.blogspot.com

Yes, there are a few seminars held in singapore. Here are the list of seminars I know (which are the ones which are most common): D M K (rather quiet recently) I have attended D and M I attended D's workshop back in 2004 and M only last month. This is my personal opinion and I comment based on my own perception and evaluation which may not be shared by others. After attending D's workshop, naturally I felt rather psyched up, fully motivated to make money. This is usually the kind of feeling you get when you attend such workshops. Anyway, even in the midst of such euphoria, I felt not "quite right" about his workshops, e.g. giving suggestions to the students on what to eat at night! Back then on 2004, D covered only 2 strategies in 4 days. I think, he tried to fill up the 4 days by giving his ideas to financial freedom, introduction to options (but does not even explain greeks and IV!!!) His strategies were a vertical credit spread and a candle counting technique he called "powerful strategy". I tried the vertical credit spread using the way he designed it to be. This technique was good on paper but when in live trading, it was a bit of a nightmare (e.g. if you are wrong in your analysis, your short leg falls in the ITM!!) So, I decided to tweak the way he implemented vertical credit spreads and "made it safer". I also began to lose confidence in his methods and decided to look else where for information on trading options (e.g. internet forums which was really helpful) and reading up books on options trading. What I learned from the books and discussions in the forums far surpassed his 4 day workshop. Thus, more can be learn from the Internet and books and these sources are also far cheaper than his 4 day workshop. What I did not like about his workshop was these things (which I can remember): 1) He claimed he visited OX or IB server room and said he say the network cable to be big (he even gestured the size of the cable with his hands) and therefore if it is big, the speed must be fast. He made this point when he discussed how to select a broker. You think we are kids, huh? 2) He down played covered calls as a option strategy and said he it was not good. I think the motivation behind this was a couple of people who attended another course used covered calls and lost a lot of money and then they attended his workshop and made lots of money. Personally, strategies are strategies, they are neither bad nor good. If you use them correctly, then they are "good". If you used in the wrong situations then they are "bad".` You don't need to be a options expert to know this! 3) He touted his vertical credit spread as the "best way to trade options". Sheesh...they are just strategies! 4) He focused on high potential profit (high gains) over profit potential (high chances of gaining). This is evident in his implementation of the vertical credit spread. 5) One of his method require you to stay awake the whole night i.e. until US market closes. Some of us need to work the next morning. 6) The stop loss and profit target were arbitary - it did not have much a rationale behind it. 7) Lastly, the course materials are just not structured, i.e. not step by step. In his defence, these were taught about 2 years ago. So perhaps by now he has learn more about options and can contribute more than just 2 techniques. I think his money management is better (more conservative) than M. M is more aggressive. In M's workshops, she covered 8 techniques. I made money using only 1 of these techniques. The course still lacks structure but was better than the previous one in terms of organization of materials and content. It was also more expensive. What I like about her teaching was: 1) traders must know what risk, stop loss, target profit before entering the trade. This is the structure which I like! 2) Traders accept the fact that we do not have crystal balls to predict exactly when to exit. This is important to understand as we can NEVER pick the top to sell and bottom to buy. 3) Traders are not expected to trade the whole night! This is a rather long post but I hope I can help you understand options trading seminars better.

Thanks for sharing your valuable experiences. Really appreciate that. I agree with you that strategies are neither good nor bad. It depends on how one applies it and under what circumstances. There is one seminar conducted by Dr C using his proprietary Method. Have you heard of it ? Is it good or useful ? I have not attended any options trading seminar yet but I did attend a preview by M. It will help me a lot if you can let me know which forums you visited to learn more about Options Trading. By the way, I had posted a new discussion on the recommended readings in options trading. You may post your responses over there in mylot by searching the tag: options trading recommended readings.