First off, my apologies to readers not in the S-E Asian area - today’s blog is unlikely to hold much interest for you. The reason is I am going to be answering the questions raised on a subject in recent e-mails. Rather than reply individually, I’ll post my answers here.As a background, I am running in Singapore two 2-day seminars: on August 23 & 24 and on September 13 & 14 for a cost of S$400.00 (US$295.00).
The questions raised can be grouped into three categories:
1) Why is the cost so cheap? (One enquiry raised the implicit question: can it be any good?)First off ,the bad news: the cost for the next series of this seminar will increase. The once-a-year Singapore event had been organised with volunteer labour. But it has proven so popular and the organization so time-consuming, that the other seminars in the series (e.g. Hong Kong November 29 & 30) will be professionally organised. Given my increased costs, I’ll increase the fees to US$730.00.
Let’s turn to the questions raised.Both ideas in question (1) assume that my main outcome for the event is to make money. In fact, it is not. Of course, I want something for my time; but my main outcome is to give something back to the markets by promoting a low cost entry-event to newbies. The statistics show that 80% to 90% of new entrants lose most, if not all, their capital in 9 months or less. Most of these traders have attended at least one seminar costing on average, US$2,500.00; around 30% have attended two to four seminars/webinars. But, despite the outlay, 80% to 90% of newbies fail.
I want to change this.I have been doing this by providing a low cost entry vehicle to help newbies determine if trading suits them. You see, my seminars make a difference for those willing to apply the knowledge gained i.e. the seminar ‘works’. Because the seminar works, the success rate will lift for those who work at their success. For those who do not benefit, they will not have spent a great deal for the knowledge that trading may not be for them. Even at US$730.00, the event is well below the price of comparable 2-day seminars. So, even at that price, I am achieving my outcome and reaching more newbies. Do I have something to offer? This blog, my trading results and the results of my students ( one case, in particular,of a public competition) suggest I do. You would need to assess that for yourself.
2) Who should attend?
Any investor/trader who has yet to produce a consistent profitability over a 3-year period (my definition of newbie).
3) How will I benefit from the course?The main benefit is this: you will come away with a realistic and solid foundation for your market success. Success in this area is a function of: Risk Management: Position Sizing and Portfolio Risk management. Learning from your Mistakes – a Written Trading Plan that has an edge i.e. for every $1 invested, the plan, if consistently executed, will return more than $1.00. The greater the edge, the greater the long-term returns. The 2-day event lays the reliable base from which greater improvement is possible.
ACTIONS:
What is the Course content? How do I register?For details, please go to: http://awanginvest.com/?page_id=202
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