PersonalGrowth & SelfEsteem

Option trading is gaining popularity in Singapore.Practically every week, you can see advertisement in the local papers.
One advertisement you do not see that often is that from Michael Woo, a good friend of mine. Just by word of mouth, his classes are easily filled-up.
Once in awhile, we find a gem in whatever we do.It can be a shirt or dress that you are shopping for, or a great vacation at fantastic prices.
In option trading, Michael’s class is like the gem that you are waiting all these years. Stretching over 5 months, once a week, hands-on class at a price that is unbelievable.
You want more? You only pay monthly and not upfront total fees!
Michael is conducting a preview on 24th and 25th Nov at  2.30 to 4.30 pm at his  Apollo Centre class.
If you are in Singapore and would like to attend the preview, drop your comment here.

Want to know more about him?
Read on…

Michael Woo is a qualified accountant with 40 years of financial experience behind him. He first started his career in the workforce as a Regional Controller for an MNC, SeaLand Service Inc (now known as Maersk-SeaLand), the largest container shipping company in the world and was based in Hong Kong for 18 years until 1989. Back in Singapore Michael joined the SembCorp Group, a TLC company, and was responsible for developing new businesses for the group. Whilst in the workforce he had always known the wise thing to do was to find an alternative source of income. He found his niche in the equity markets. Subsequently in 1999 he quit the workforce to go into full time trading.

Michael acquired his trading skills by attending various seminars and workshops in the US on investing and trading but most importantly he spent countless hours on research into what makes a successful trader. He obtained most of his inspiration from people like William O’Neil, Richard Dennis, Ed Seykota, Linda Raschke, Peter Lynch, Warren Buffett, Dr Van Tharp, to name just a few.

An opportunity then came along where a large US investor education company, called Investools, was looking for someone in Asia to teach their methods. Investools then set up an office in Singapore and Michael became the first instructor in Asia to teach people the art of investing in the stock markets. Subsequently he was also engaged as an investment instructor for three other US Institutions, namely Business Week, CNBC and Teach-Me-To-Trade. Other than conducting investment seminars in Singapore he also taught in Hong Kong, Indonesia and Malaysia.

The demand for investor education was growing fast, so much so that many local companies were set up and jumped onto the bandwagon. In 2004 Michael decided to establish his own school and formed Trading For A Living Pte Ltd. Since then all of his courses have been very well attended and today he conducts four sessions each week, each session lasting two hours. So far he has trained more than 5,000 students on how to be better and successful traders. Many consider Michael’s courses to be the most comprehensive and the best value for money spent. Today he is considered one of the best trainers in this business.

The problem most traders face when they get started or even after they have been trading for some time is that:

1. They don’t know how to enter the market.

2. They don’t know the right time to get out of the market.

3. They don’t know where to place their stops.

   Many traders try to forecast what the market will do in the future but have never quite got the hang of it. Newspapers do not print tomorrow’s market movements. We do not get next week’s market data on any websites nor are there any reports that will tell us what is going to happen before they happen.

Surely we are not fool enough to think we have the answers or the magic formulas to wealth. Michael has been trading for more than twenty years and has met many investors with many different approaches to making money – stocks, options, futures, currency hedges, trend following, IPOs, insider information, technical systems, charts or even looking at the stars. None of them work all the time, but all of them work some of the time. The big problem is that many people are wired to make dumb investing mistakes and the bigger problem is that we are wired not to learn from them but to make them over and over again. Why? Because we refused to see them as mistakes. Einstein called this insanity.

Michael’s unique strategies are what set him apart from all the rest. He specializes in identifying optimal entries and exits relying mainly on candlestick charting techniques. Best of all is that all these strategies are applicable for all markets for all instruments in all time frames.

Michael will never claim to teach you how to make a $1 million from a starting position of $5,000. Dr Van Tharp says many people play the lottery because the reward is so huge compared with the risk. Trying to make a $1 million from $5,000 is similar to playing the lottery.

Michael believes that in order to succeed you must first believe you can. Discipline is the key.

“I don’t just teach others how to trade. I practice exactly what I teach or to put it another way, I teach exactly what I practice”.