Freely Graduates Gathering In KL

April 16, 2008 | 3 Comments

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.

2008, An Exciting Year Ahead

January 1, 2008 | 4 Comments

As we wind down to the end of 2007 and begin our new year, many of us will be reflecting on the past year and contemplating what to do for this coming year.

Since 2006, I had been searching for a new direction in my work and personal life. It was in 2007 that my “eyes” opened.

In 2007, I had learned how to trade options, internet marketing and most important of all…the utmost importance of personal development in all aspect of my life.

I thought after my uni graduation, I only needed to do CPD hours for my profession as a Chartered Accountant. Little did I know that we need to develop ourselves even more, after we start working. This is because life gets more complicating after school, and we don’t learn how to live in school, college or uni. Living is an “on the job” training by itself.

I used to think that personal development are for losers! You just need to work hard to find solutions to all your problems. And that was what I had lived, a hard life.

“A formal education will make you a living, but self education will make you a fortune.” - Jim Rohn.

It was through my new mindset of striving to learn to develop myself that led me to many new opportunities as well as making more friends to help me along the way.

The most important lesson among others was the simplicity of achieving financial freedom.

I played Robert Kiyosaki’s cashflow game last week with some friends. This is a simple fun game but it has a lot to teach as well.

The 3 most important lessons I learned from the game which will form the basis of my new year’s resolution are:-

1. simplify your life and reduce unnecessary cash outflow. This include discipline spending and reducing unnecessary debts which have high interest cost.

2. invest in capital markets to grow your capital for investments and reinvest your returns or use returns to reduce high interest debts.

3. regardless of how small is the investment, as long as it has positive cashflow, get it! This is to grow multiple streams of passive income bit by bit.

My new year’s resolution is to achieve financial freedom this year. To achieve my goal, I plan to do the following 3 steps:

1. set up a money management system according to T Harv Eker’s money jar system (do yourself a favour and read his book to learn the simplicity of achieving financial freedom).

2. trade options because options have limited risk, have better leverage than trading shares and you can earn regardless of market direction.

3. build up my internet marketing knowledge and translate my knowledge into various streams of internet business to grow my passive income.

It looks like I’m going to be doubly busy with so many things to do. But this challenge is really motivating because our future is not determined by our past but by what we do now.

Options Trading Championship 2007 Cont’d

November 1, 2007 | 3 Comments

The OTC was an exciting event. I felt great being a participant of an internationally recognised event which was run concurrently in Singapore and Indonesia as well. The M’sian venue was in Global Business Park, SS19. First impression of the building was “huh?? This kind of place??! Sure or not?“. The building is right in middle of an industrial zone and looks run down.

When we entered the building, other participants were green with envy after seeing our team t-shirts. Friends from success Resources were also impressed with our effort. Yeah we really showed them that we are out to win the prize.

Mong Ling, Hai Liang, Wai Ling, C Hun at the lobby of Global Business Park

Despite of the drab looking building, the inside of the function room is a world of difference. We were relieved that the deco and finishing was nice and trading stations were clean, spacious and neatly laid out. Even the lighting, sound and internet speed were impressive. The OTC had 60 participants in M’sia, approx 90 in Indonesia and approx 160 in S’pore. In M’sia we had 15 teams.

The calm before the trading storm

Day 1

On the 1st day our team had fun and laughter while other teams were busy doing last minute analysis. We were well prepared as we had strategised our plan of attack way before the OTC. It now boils down to timing our entry points.

We’re having late dinner after the opening bell while others are busy analysing

Having teh tark break relaxing…who said trading is stressful? No worries ha ha!

Day 2

Based on our team’s trading strategy, 2 of our team members were in the top 20 individuals in the OTC who has the highest increase in portfolio, C Hun was no. 8 and I’m 17. On overall team effort, our team “Fun Gappers” was the 4th best in the OTC.

We arranged our notebooks during serious group trading session

Photo with Richard Tan (left), the boss of Success Resources & Dr Clemen (right) our Si Fu

Day 3
Day 2 trading results was announced on the 3rd day before the opening of Day 3 trading hours. On Day 2’s results, another one of our team member, Wai Ling, was in the top 10 individuals in the OTC. Several bellwether companies missed their earnings and the entire market was down big time. So even when Richard announced the Day 2 results, there were mixed feelings as Day 3 is going to be very very tough…Before the opening bell, everyone was in a sombre mood, those who had positions were preparing for the worse, some could not believe the crash was so bad. Some lost everything…it took everyone around 2 hours to accept the market crash and the losses incurred. Those more experienced traders took it in their stride much earlier.

On Day 3, we talked to many other traders and made some friends here and there. It was interesting listening to how they traded and analyse their companies. After the closing bell, we felt a bit sad OTC has ended as we were having lots of fun and enjoyed ourselves trading together and making friends here and there.

Group photo of M’sian contingent for the OTC

1 More Day…

October 17, 2007 | Leave a Comment

This is it. In less than 24 hours, my team will be in the trading room playing to win the Options Trading Championships. Our team leader has just return from her honeymoon yesterday and this whole afternoon we were shortlisting our targeted companies and strategising our plan of attack.

I must remember to bring my camera along to take some shots of my new friends at the championship. Keep our friends close and your enemies closer ha ha ha!

I know we can win the group category…yes, do or die, we have to win at least 1 category. May the Force be with us…

Options Trading Championship 2007

October 10, 2007 | Leave a Comment

6 more days until the championship starts…

Today we had just arranged for the printers to do the team uniform. The design is really cool and is done by one of my close friends, Suan Bee. I hope the ink transfer will be ok, or else the design will not be so nice. Will post a picture of it after the championship.

One of our team member is on honeymoon, she’ll be back 2 days before the championship, 1 day to debrief and strategise and another day to travel to KL…actually on the way, we can also discuss about our trading strategy…hmmm I hope we won’t get caught in the Hari Raya jam man.

I have been emailing some friends on internet marketing, that’ll be my next money farm. Really looking forward to start doing biz online.