Freely Graduates Gathering In KL

Last night I attended Dr Clemen’s 1st graduates gathering for 2008. Since last year’s GG in October, I was looking forward to his next GG to update us on the strategies to use to trade options in a recession.

It was really great Dr Clemen held his quarterly gathering for his graduates. We can get constant updates and there is so much that he is doing for his students as well as for the people who would like to learn options trading.

I was encouraged at what was presented last night. Without proper knowledge, people get distracted and get discouraged easily. I think many graduates have given up on options trading and I think its a waste since the Freely method is a good balance of risk and return which favours the investor. I suppose graduates lost hope when they made a few losses in the past few months. Then they focus on the losses, get discouraged and fear steps in. Finally, they succumb to their fear and give up trading.

One thing I learn from T Harv Eker is that fear is a state of mind, a build-in fail safe mechanism that kicks in whenever we have to make a decision. This fail safe mechanism is there to make sure we are no discomforted. Our mind is always telling us to do things the easy and comfortable way, regardless whether it is good or bad for us.

Whether it is online or offline business, options trading or any other venturers, we need to stretch our comfort zone and ignore the fear. We don’t blindly ignore the fear and do siliy stuff, but make sure that we finish the race despite of fear of losing. This is how people become successful. This is how successful people create their own breakthrough and get rich. They don’t get rich by doing things that are easy and comfortable.

I’m glad that I attended the GG consistently and keep learning more and more about options trading. If we don’t keep learning and progressing, we’ll be left behind in the dust as this world progress more and more rapidly in a technological age.

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3 Responses to “Freely Graduates Gathering In KL”

  1. Ronald Lee on April 17th, 2008 2:13 pm

    Losing is inevitable in trading as it is part of the game. One should instill discipline and not to take wild risk and become a gambler instead. Make sure you lose your money slowly so that you are able to complete your learning curve. Visit Street Smart Options Trading for articles on trading traps.

  2. Tony Chai on May 7th, 2008 4:44 pm

    Hi Hai Liang :

    Thanks for dropping by my blog.

    Earnings gapping can earn money if the direction of the gapping is anticipated correctly. Sometimes its a crucial decision to make whether to go in with a straight call or put, especially when the option is inflated with high implied volatility.

    I guess Visa was a “gem” if you’ve bought the options 2 weeks before earnings announcement because their implied volatility weren’t inflated that much yet.

    Regards,

    Tony Chai

  3. hailiang on May 7th, 2008 11:30 pm

    Hi Tony,

    In the last GG, Dr highlighted V and a couple of other things. But its great that he is constantly innovating.

    That is why he is ahead of the others. Once a blue moon helps to cut down on research. Hope you are using it as well.

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