Comments on: Clemen Chiang on Make Money in 2008 http://www.lioninvestor.com/clemen-chiang-on-make-money-in-2008/ Your Guide to Personal Finance, Investing and Trading in Singapore Tue, 06 Jan 2009 15:22:00 +0000 http://wordpress.org/?v=2.6 By: lioninvestor http://www.lioninvestor.com/clemen-chiang-on-make-money-in-2008/#comment-205 lioninvestor Sun, 25 May 2008 01:21:09 +0000 http://www.lioninvestor.com/clemen-chiang-on-make-money-in-2008/#comment-205 Hi Victor, Thanks for your insights. It is much appreciated. I have not attended Clemen's 3-day event before so I can't really comment on his methods. Neither do I have access to his trading records so it would be unfair for me to pass judgement on that. But you are absolutely right about triple digit gains. If it was so easily achievable, a person doing it would be richer than Warren Buffett in no time. That is why I get turned off whenever someone tries to use that to entice people to sign up for his courses. I prefer to see his long term trading performance or a summary record of all his students. Like yourself, I believe the best education is in books. The basics are the same everywhere so you don't need to fork out $3k to learn it. If you look at it in perspective, I would need a capital of $30k with an investment return of 10% return in the first year just to break even. How many people can do that? I would rather use the money as trading capital. Attending a trading seminar packed with 100+ people isn't going to make you a trading expert. It is the same like other sports. Even if Tiger Woods were to teach me golf or Michael Jordon were to teach me basketball, I might not reach even 10% of their standard. Also, a good player need not necessary be a good coach. There might be a few who truly benefit but these would be the exception rather than the rule. For example, I know of someone who is doing options trading full time after graduating from Clemen's course. He has lots of discipline and also applies his own enhancement to the methods. Having said that, I think a personal coach would be useful for a newbie trader. This is a kind of coach that does 1 to 1 coaching, helps to monitor your progress and mentors you. He can help to instil discipline into your trading, a bane of most traders. Hi Victor,

Thanks for your insights. It is much appreciated.

I have not attended Clemen’s 3-day event before so I can’t really comment on his methods. Neither do I have access to his trading records so it would be unfair for me to pass judgement on that.

But you are absolutely right about triple digit gains. If it was so easily achievable, a person doing it would be richer than Warren Buffett in no time. That is why I get turned off whenever someone tries to use that to entice people to sign up for his courses. I prefer to see his long term trading performance or a summary record of all his students.

Like yourself, I believe the best education is in books. The basics are the same everywhere so you don’t need to fork out $3k to learn it. If you look at it in perspective, I would need a capital of $30k with an investment return of 10% return in the first year just to break even. How many people can do that? I would rather use the money as trading capital.

Attending a trading seminar packed with 100+ people isn’t going to make you a trading expert. It is the same like other sports. Even if Tiger Woods were to teach me golf or Michael Jordon were to teach me basketball, I might not reach even 10% of their standard. Also, a good player need not necessary be a good coach.

There might be a few who truly benefit but these would be the exception rather than the rule. For example, I know of someone who is doing options trading full time after graduating from Clemen’s course. He has lots of discipline and also applies his own enhancement to the methods.

Having said that, I think a personal coach would be useful for a newbie trader. This is a kind of coach that does 1 to 1 coaching, helps to monitor your progress and mentors you. He can help to instil discipline into your trading, a bane of most traders.

]]> By: Victor Tan Han Fung http://www.lioninvestor.com/clemen-chiang-on-make-money-in-2008/#comment-204 Victor Tan Han Fung Sat, 24 May 2008 20:09:25 +0000 http://www.lioninvestor.com/clemen-chiang-on-make-money-in-2008/#comment-204 I would just like to counter your claim about Dr. Clemen Chiang doing his homework and independent thinking. I had been a student of his and had requested that he consistently share his trades so that we may learn from the "master", but he only replied us saying that we must not give up hope. My conclusion? His only income is in tricking newbies to invest their hard earned money into his Sentosa Cover house. As for his "knowledge", just subscribe to CNBC and you will suddenly become a "prophet" like him. His triple digit profit? Like you hinted. It is a very very very very rare occurence. I have been trying out his method for a couple of months using fake and real money and to have that kind of gains, you need a HUGEEEEE price move. There are a few lucky ones who have managed to do so but check out this statistics. Out of the thousands of students who are executing hundreds of trades, don't you think there will be a few "hits"? He emphasizes trading around earnings, but talk to any seasoned investor and they will say that such trading is as good as playing roulette. PLEASE BE WARNED!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! I still believe in options but I do not believe Freely gives the best education for it. The best education is free education (NOT FREELY!!!!!) and it is available once you just bother to do some reading online and pick up a few books. Optionetics gives a 6 months guarantee that you make back your "investment" or else they will refund it. I have not tried it but for those who have, I would love to hear from you. Otherwise, just check out these online "Think or Swim", "Briefing", "Investopedia" & "CNBC" . I would just like to counter your claim about Dr. Clemen Chiang doing his homework and independent thinking. I had been a student of his and had requested that he consistently share his trades so that we may learn from the “master”, but he only replied us saying that we must not give up hope. My conclusion? His only income is in tricking newbies to invest their hard earned money into his Sentosa Cover house. As for his “knowledge”, just subscribe to CNBC and you will suddenly become a “prophet” like him.

His triple digit profit? Like you hinted. It is a very very very very rare occurence. I have been trying out his method for a couple of months using fake and real money and to have that kind of gains, you need a HUGEEEEE price move. There are a few lucky ones who have managed to do so but check out this statistics. Out of the thousands of students who are executing hundreds of trades, don’t you think there will be a few “hits”? He emphasizes trading around earnings, but talk to any seasoned investor and they will say that such trading is as good as playing roulette. PLEASE BE WARNED!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

I still believe in options but I do not believe Freely gives the best education for it. The best education is free education (NOT FREELY!!!!!) and it is available once you just bother to do some reading online and pick up a few books. Optionetics gives a 6 months guarantee that you make back your “investment” or else they will refund it. I have not tried it but for those who have, I would love to hear from you. Otherwise, just check out these online “Think or Swim”, “Briefing”, “Investopedia” & “CNBC” .

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