MALAYSIA • SINGAPORE • PHILIPPINES • INDONESIA • HONG …

• MALAYSIA • SINGAPORE • PHILIPPINES • INDONESIA • HONG KONG • BRUNEI • USA

Copyright © 2004-2017 Wealth Mentors All rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise without the prior permission of the publisher.

First Published 2004Second Revised Edition 2007Third Revised Edition 2008Fourth Revised Edition 2010

Published by: Wealth Mentors

DISCLAIMERThis publication does not take into account the investment objectives, financial situation and needs of any particular person. Before making an investment decision on the basis of information provided within this publication, the investor or prospective investor needs to consider, with or without the assistance of a Licensed Securities Advisor, whether the information provided and related investment decisions are appropriate in light of the investment needs, objectives and financial circumstances of the investor or prospective investor.

The information contained herein is for reference only and does not constitute any investment advice or an offer or solicitation to buy or sell any investment product(s) or amount to any regulated activities.

(SG1702)

Fifth Revised Edition 2011Sixth Revised Edition 2012Seventh Revised Edition 2013Eighth Revised Edition 2016

CONTACT US:[email protected]

SINGAPORE190 Middle Road, #11-01 Fortune Centre, Singapore 188979Tel: +65 3159 0996 Fax: +65 6339 8535

MALAYSIA15-1 Jalan Puteri 2/7, Bandar Puteri Puchong,47100 Puchong Selangor, MalaysiaTel : + 603 2788 4996 Fax :+603 8064 2138

PHILIPPINES13rd Floor Builders Center Building,170 Salcedo Street, Legaspi Village,Makati City, PhilippinesTel : +63 915 755 8588 / 920 863 3665

CONTENTSRave Reviews From Graduates i

Foreword v

A Message From Mirriam MacWilliams:Live a Life Of Freedom!

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Introduction: You Don’t Know What You Don’t Know viii

Chapter 1: Why Invest In The US Stock Market 1

Chapter 2: Shares vs. Options 5

Chapter 3: 7 Myths Of Options Trading That Can Prevent Your Success

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Chapter 4: Know Your Trading Personality: Investor Or Trader?

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Chapter 5: What Makes A Good Trader 24

Chapter 6: How To Protect Your Trading 29

Chapter 7: 10 Personal Characteristics Of A Successful Trader

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Chapter 8: How To Accelerate Your Trading Skills 40

Chapter 9: What Makes A Profitable, Consistent Trading System

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Chapter 10: Advice For People Contemplating Trading For A Living

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Chapter 11: Conclusion - What Does This Mean 48

Chapter 12: The 2-Part Formula To Fast-Track You Into Options Trading

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Appendix: About Wealth Mentors 62

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RAVE REVIEWSFROM GRADUATES

“I am a business owner. I joined Wealth Mentors because the training is so easy. I never traded options before and I am glad with the results. I have turned US$5,000 to US$11,000 in 7 weeks...”

- Thomas Pendi, Indonesia

“I locked in a profit of USD 1,100.00 in one day during the training! Thank you Mirriam - the TRUE GURU of Financial Freedom!”

- Shamsheer Ahmed, Singapore

“I just exited MRO today having made $3,300. I would have made twice as much money but unfortunately, it went parabolic first thing this morning and took a nose dive. Thank you for your teachings.”

- Jean Hand, California USA

(For Reference Only)

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“Bought PTEN Put $2.95 and today once market opened, the stock dropped from yesterday’s $32.78 to $29.13. The option is now worth $6.30, a whopping 113% GAIN in a day!”

- Marvin Lai, Hong Kong

“Would like to share my 2 winning trades with the OEX index strategy. 22 Feb from $2.80 to $4.30 or 54% profit in 1 hour! Then , 23 Feb from $1.00 to $1.80 or 80% profit in 45min! Nice profit & very happy about it :)”

- Liew Mei Lan, Singapore



“... really works. I just let go one of my trades on TOL AUG 55 Put. It gained 124% in a week!”

- Teo Sok Yong, Singapore

“Great program! Combine real life experience, methods and strategies with step by step approach...”

- Lauwerijssen, Hong Kong

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“This is the best training I have attended during my 15 years’ experience as Private Banker in different banks such as Merrill Lynch, HSBC and Amex. The method is simple and easy to understand. Mirriam is very helpful and sincere in teaching us how to make money through options trading.”

- Ingrid Wijaya, Singapore



“SCHN for Earnings - Total premium of $2.25. The stock price was $52.09. I sold $6.35 on 9 July (stock price $61.05), a 195% return.” - T Harrison, California USA

“The best money-making training I’ve seen... I learn to trade from real successful trader who teach in very easy step-by-step instruction and rules are easy to apply, no hype and gimmick. After this training I am confident and feel that I can do trading and approach the market with a whole new perspective...”

- Hendarin Riandi, Indonesia

“Entered RMD on Apr 23 for 3.65. Sold on Apr 24 for 7.90. Increase of 4.25. This is a 116% increase. A lot of numbers but the bottom line is “YEA!!”

- Harry Lucas, Utah USA

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“Dear Mirriam, Thank you for the opportunity and the tools to be able to change my life and to be free, independent and happy.”

- Nativ Yossi, Hong Kong

“This is an excellent training for me! With zero knowledge of options at the beginning of the training and now, I can understand how the options works and most importantly how to trade options profitably. My sincere applause to Mirriam & her team!”

- Ruddy Kristianus, Indonesia

“In other seminars, everyone talks about Bull/ Bear Call/ Put spread. Big words that confuse you. I am very happy that these big words weren’t thrown around in this program. Thank you so much for keep-ing it simple and teaching it well. Bless You!!!”

- Nargis Wahab, Malaysia



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ForewordHow do some ordinary people reach Financial Freedom?

Some self-made wealthy people don’t start out wealthy. They just want to replace their all-consuming jobs with something that can produce the same income. What they really want most is TIME FREEDOM and better QUALITY OF LIFE.

This was the case for Mirriam MacWilliams, the Chief Trainer of Wealth Mentors.

Mirriam recalls: “I worked in a very nice part of Miami. My house to the office was a beautiful drive of only 20 minutes through tree-lined streets that took me along the coast. Then the office ended up having to relocate to an industrial area about one hour away near the airport. I was always trying to beat the traffic and get to work on time. As a senior manager, I was already working long hours. I was doing something that I no longer enjoyed any more! The reason why I was dissatisfied was because my job had become WORK. I no longer had freedom. And I remembered thinking: I want to have time. I want to be free.”

After a lot of research into various businesses and investments, Mirriam eventually found Options Trading. Yes, it gave her time freedom – as a “full-time” successful trader, she only trades on average 30 minutes per day. Then came the bonus – starting with only US$10,000 in the late 1990’s, she went on to generate millions in the stock market, and has continued her success for many years since then.

In this insightful book, Mirriam will share with you why trading is like having a powerful, money-making machine that can deliver you Financial Freedom!

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A MESSAGE FROM MIRRIAM MACWILLIAMS

LIVE A LIFE OF FREEDOM!

Investing in the US stock market can be an extremely profitable experience. It is not a get-rich-quick scheme, even though it almost seemed that way in the late 1990’s when almost any stock went up with little or no effort whatsoever.

Many uneducated investors began to believe the financial media’s message – that making money from stocks was easy. They said everyone was doing it.

So many television commercials were promoting huge returns from the stock market. All you needed was an Internet connection and an online brokerage account.

But when the market environment changed, very few people were prepared for it, and ended up experiencing catastrophic losses. However, that is not what investing is all about.

In the late 1990’s, over a two-year period of time, I designed trading methods that would be consistently profitable under any market condition – whether the market went up or down – it did not matter! You can literally, with a few minutes each evening, master the art of being able to make a living investing or trading the US stock market, all the while focusing on generating strong returns and at the same time preserving your investment capital.

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I teach you to always measure the risks before taking on a position. Novice investors shop for returns, while experts size up the risks because they know the returns will come.

Once I began generating income from the markets, it changed my life and the way I lived (I actually had too ̀ much time on my hands – which is a nice problem to have).

It is my sincere desire that you take the time to learn how you too can change your life and live the way life is meant to be lived!

To your trading success,

Mirriam MacWilliamsChief Trainer, Wealth Mentors

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INTRODUCTIONYOU DON’T KNOW

WHATYOU DON’T KNOW

A few elite traders can consistently make money – it doesn’t matter if the market is going up or down or even sideways! They seem to know what prices to get in and out of stocks to get their profits. They know exactly how the market works. So there must be something they know that others don’t! How could they consistently pick profitable investments?

The Stock market is really One Big Game

That’s right! The stock market is like a game of chess. Except, the majority of people don’t know the rules. If you don’t know the rules, you can’t win the game – Period.

Why do you think some investors are more successful than others?Because... They were rich to begin with; they have access to inside information; they are smarter than the average person; or, they are just lucky!

All of these answers are WRONG! In reality, the reason some people are successful investors is that these people know how to invest.

When you think about it, it makes sense. So how do you get “investment know-how”? Investment know-how comes from two things:

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a) Education – Investing is like anything else. You can learn how to do it. It can be developed. It is not due to genetics or luck.

b) Experience – You need practice to make it work. And it’s not just practice that makes perfect. It is getting the right practice that makes it perfect!

The bottom line is that you get investment know-how by spending time educating yourself and gaining some experience.

This book gives you an insight into some of the principles of investing and trading.

In particular, it is very important that you have a system or a plan when you start investing or trading. By the end of this book you should have a good understanding of what it involves.

If you want to be successful and you want to have investment and trading know-how, it boils down to your trading system. The following chapters illustrate some of the key principles that must be included in a profitable trading system.

Once your trading method works, it is important to convert that into a specific plan that allows you to make decisions. Making decisions with confidence means operating under a set of rules that you believe will work for you. The only way to really gain this confidence is to put your system to the test. The more you can learn about yourself and your investment behavior, the better your decisions will be.

Your decisions must be translated into taking decisive ACTIONS, otherwise nothing will work. Obviously, sometimes the decision is to not take action. And that is acceptable and in line with your trading rules.

It is important to have realistic expectations when developing your system. Many inexperienced traders enter the markets with high expectations of what they can achieve. But in trading, what is more important is to first ensure what level of risk you are willing to take in order to preserve your capital before considering the rewards.

Remember, pursuing a career in investing is like running a marathon, slow and steady. A lot of stamina and enthusiasm are needed to sustain you. More importantly, you must enjoy the journey of success.

There is no need to rush because the stock market is always there for you - will you be there for the stock market?

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“I am a graphic designer. My husband is a musician and sound engineer. As 2 self-employed artists we have often found it hard to do what we love without “selling out” or compromising our art.

Our biggest question was how do we do what we love and still make money?

I attended the Smart Traders seminar in Los Angeles in January. At the time we were living in a tiny 500 sq ft apartment with one car.

By April (using 2 of Mirriam MacWilliams’s methods) we were able to move to a beautiful downtown loft with ocean views and almost 3 times the amount of space.

We love it. But that’s not all!

My entire life I’ve always wanted a convertible. In one year, that dream became a reality.

I was able to purchase with cash from only 2 trades using Mirriam’s short term strategy my 1st convertible!

It’s not always been easy and at times I’ve almost given up.

The biggest lesson I’ve learned from this wonderful education I’ve received from Wealth Mentors is that you can achieve whatever you want if you have the proper tools and the right mind set.”

SUNNY BURGHER, GRAPHIC DESIGNER


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CHAPTER 1WHY INVEST IN THEUS STOCK MARKET

In any local economy in the world, whether it is in Asia, Australia, Japan or Europe, an investor will tend to check how the US economy is doing by referring to the Dow Jones Index, the S&P 500 index or the NASDAQ Composite Index.

Why?

Because the US economy is the largest in the world, with a stock market capitalization in excess of US$15 trillion dollars!

So you may ask, why is being the largest economy in the world such a big deal?

Because the US is a large customer and a large creditor too - it makes sense to look after your large customer or take care of your big creditor.

Should something happen to the US (good or bad) the rest of the world will be affected in some shape or form. They may either buy less or more from you. Or they could sell less or more to you.

Because the world is so dependent or interdependent on the US economy, and the Stock Market is a reflection of how healthy or sick an economy is, you could profit or lose in the Stock Market depending on whether you have the “investment know-how”.

Being the largest economy and Stock Market in the world has the following advantages:

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• LiquidityThe higher the volume of transactions, the smaller the difference of the buying and selling price. This applies to many investing instruments, including stocks, options and Exchange Traded Funds (ETF). The ‘spread’ between the buy and sell prices is dependent on supply and demand factors. In low-volume-transacted stocks in many countries, the “spread” is larger. So in the US, when you pick a high-volume-transacted stock and when your prediction of the direction is right, you make money almost right away as the bid/ask price spread is small. Some companies like Microsoft or GE have market capitalizations larger than some small countries’ economies.

• Ease of getting informationWith the “worldwide web”, anyone has the power to get real-time information with a click of a mouse, and most of it is free! Previously, only large brokerage professional traders could afford to get real-time information and research materials. Because competition in providing financial information is keener now, more financial service providers are giving stock market information for free in order to attract investors to visit their websites.

• Stringent reporting and enforcement regulationsThis ensures that information is provided promptly and accurately, and allows ease of comparability from one sector, industry or company to another. Yes there are still cases of major fraud like Enron and WorldCom, but because severe punishment is given to company managements who “cook the books”, fraud cases are less likely to happen.

• Perfect time zone for the Asia RegionThere is a huge advantage to this region where most locations are 12 to 13 hours ahead of US Eastern Standard times. What this means is that this region can trade in the US Market in the evening rather than daytime. Why is this an advantage?

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Firstly, most people have a full-time day job. So trading in the evening removes the distraction from their day job. Secondly, an even more important ingredient for successful trading is to be “unconscious” when the Market is alive! What does this mean? And why is it so?

If someone were to sit in front of a television or PC and look at stock prices ALL day and listen to news or rumors ALL day, they tend to get consumed with this. To be successful in trading, you are better off focusing on your precise entry/exit rules. Once the trade is in, shut down your computer and go to sleep. Let your successful set-up do its work and make you money or protect most of your capital.

• Safety netUse a Stop Loss; a mechanism to protect your investment capital from total loss. This also means you can make a sound, unemotional decision before you enter the trade (not after), and following through on sound trading rules. It takes discipline and patience to completely follow these rules. Another huge benefit is it allows you to sleep well!

• Tax freeIn recent years, many countries in Asia have changed their tax laws in favour of the person who invests offshore. For individuals in Singapore, Malaysia and Hong Kong, any investment income arising from sources outside that individual’s country of tax residence is exempt from tax.

With these benefits, not participating in the US Market is a huge loss to anyone. The only people who don’t feel a loss are those who are not aware of such opportunities! This reminds me of the saying “ignorance is bliss!”

MAS DATI, SELF-EMPLOYED

Before I attended the Smart Traders Program, I was a complete newbie in Options Trading. I have traded in the KLSE on and off for a few years but wasn’t making a lot of money.

During the training, I liked how simple Mirriam’s explanations were and how she opened my world to the various trading methods.

After the course I practiced doing paper trades for more than a year to build up my confidence and skill. My success rate doing paper trading was close to 90% profitable. I decided it was time to go Live.

On my VERY FIRST live trade, Imade$1,043.30profitinjust 14 days of being in the trade. This is 13% returns! I was SO HAPPY!!

Thanks to Smart Traders and Mirriam, I now have a second source of income and I can build my retirement fund with confidence.


CHAPTER 2SHARES VS OPTIONS

Why Not Just Buy Shares?

Owning shares (or “stocks”) can be very risky. And you can only make money if they move up.

You’re happy so long as your stocks keep increasing in value, but they sometimes drop in value, and sometimes quickly and substantially - you can lose a lot of money if you’re not careful.

Some stocks get their shareholders into trouble very fast. Some people say play it safe by just trading the top 50 stocks. Well, Enron was the 7th largest company in the U.S., awarded “America’s most innovative company” by Fortune magazine 6 years in a row, and yet its share price crashed in just over a year from US$90 to less than a dollar, taking its shareholders’ money with it, and it filed for bankruptcy.

Then, other people say limit your risk by buying cheap stocks. But these are often poor candidates for trading because their share price movements can be more erratic, and fewer people are available to take your trade when you want to cash in your profit.

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Options – The Better Alternative

Options are a way of controlling, but not owning, the expensive shares of a large company for a fraction of the cost of those shares. For a $60 stock, for instance, the Options can be bought for say $3 each.

Less money in, less risk.

But it doesn’t stop there.

A good stock movement to the upside might make you 10% to 20% over a period of several weeks.

However, if the stock drops, and you want to get out to preserve some of your money, your opportunities to sell are much more limited – most people are only happy to buy when a stock is moving up. And, because some trades will go against you, you may not be left with much buffer.

With shares, there’s only one type of movement that makes you money – up! With Options there are two – up or down! You see, for each stock, there are two types of Options: “Calls” if the indicators show that the stock price is going up, and “Puts” if the indicators show it’s going down. You get rewarded either way, so long as you picked the correct option to buy.

When a $60 stock moves $6, the Options that cost $3 each can increase in value by $3. So, a 10% movement in the stock can result in an increase in the Options of 100%!

Also, since Options are a fraction of the cost of shares, you can possibly afford to invest some additional money by buying more Options, but in different stocks in different industries, and therefore you are able to spread your risk further. This will also increase your dollar returns far beyond what you could have earned from shares.

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In a nutshell, Options can help to produce LARGE PROFITS with MINIMAL RISK.

How Exactly Are Options And Shares Related?

The long definition of Options is “the right, but not the obligation, to buy (“calls”) or sell (“puts”) shares, at a pre-determined price and by a pre-determined date in the future”.

In simple terms, owning Options allow you the right to buy or sell shares so Options cost a small fraction of the cost of shares.

Also unlike shares, Options only last for a limited period of time – you choose the month when they “expire” in value. But, to be clear, you never intend to hold them to that expiry date – usually you sell them, and normally well before the expiry date. The longer the expiry the higher the cost of the option.

Options are a “derivative”. This means their existence and pricing is derived from the underlying stock. Options only exist in relation to a particular stock. So, for instance there are IBM Options and Ebay Options.

Remember, Options can help to generate substantial returns at a fraction of the cost of shares.

But, What About The Risk Of Options?

You may have heard people say that “Options are risky”, but you may not have heard why. The fact is that around 70% of Options trades lose money, so if you invest in Options blindly, you could easily lose money. However, with the benefit of learning a proven system, the risks of Options can be limited. You must learn what the risks are, and the techniques to minimize them.

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For instance, there is a time element – Options expire within a certain time period, so you need to understand that you are essentially buying time. You need to keep asking yourself, “How much time am I buying? How much time do I have before that Option expires? By when do I need to take action?” There’s also a particular amount of volatility associated with the Options that will partly determine the potential profit.

Once you understand the key elements associated with Options trading, they can actually be extremely helpful in rapidly making you money.

In general, the key to successful trading with minimum risk is to learn a step-by-step, proven trading system, built on a framework of solid Money Management principles.

Why Not Just Use “Margin” Borrowings To Buy Shares?

When you are “margin trading” shares, you are borrowing money from a broker or bank to invest in more shares, with the objective of boosting the returns on your own money. The potential returns can be very tempting.

But, if the share price drops, you may need to send additional money from your own pocket to top up your brokerage account. This is so that the borrowings percentage required by the lender compared to the value of the shares remains the same as before the drop.So, when you trade on margin, you can lose more than you invested. This has happened to some investors several times in the past few years.

With Options, if the trade goes against you, even if you didn’t exercise the important money management principle of placing a “Stop Loss”, the amount invested is all you can lose.

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By calculating your acceptable loss before entering the trade, and placing a Stop Loss order at that level, you can limit your potential loss to about 20% rather than 100%.

What Is “Price Action”, Why Is It Relevant?

Price action relates to the following questions:–

• Where did the stock close relative to where it opened?

• Was there buying or selling interest in the stock and if so, at what price?

Price action is the most significant piece of information you can start with before you invest or trade in the US market.

Price Action tells you the “story” of a stock. Is it loved or hated? It was obvious from the Price Action that Enron and several other high profile bankruptcies were hated long before they went belly up.

Price is more important than a company’s balance sheet, because the stock market tries to anticipate the future - not the past.

If you are looking to buy the very stock that the “Smart Money” managers are looking to sell, then your buying decision is not a wise investment decision and not likely to be profitable from the outset.For instance, at times when most people are trying to buy stocks in the dips, the men and women who know the rules of the “game” are actually “selling stocks short” (or the safer and much less expensive alternative of buying “Put” Options). By “going short”, they are able to make stunning profits while the market falls off a cliff.

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TheBenefitsOfOptions–Summary:

1. LiquidityOptions (those traded on the US stock market) are a very popular investment and there’s always a market to buy from and to sell to.

2. LeverageOptions allow you to profit by controlling a large number of shares with a small investment.

3. Limited RiskOptions are only a fraction of the cost of the related shares, and you know exactly what percentage of the Options cost you are risking when you buy.

4.LargeProfitsOption prices often move quickly and by large percentages. When properly managed within a solid, proven system, it can be a massive income creator and possibly lead to extraordinary wealth.

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Sharifah Binte Salleh, Self-Employed

Both Miriam and Aaron had given us a whole new perspective of what stock market is all about and how to make the most out of it. It wasn’t just about buying low, selling high, getting profits only when the share prices go up, there’s really a lot more to it!

From being small time investors, we have been transformed to being big time traders.

It feels really good to know the right way to trading shares, short-listing good candidates, knowing the right time to buy, what direction to take and which strategy to apply. Not a single day passed without us having our trading plans ready in our hands.

Our sincere gratitude to Wealth Mentors as we can now be professional traders ourselves!”


“We developed curiosity about US market as we realized that it has humongous number of counters and it also offered huge profit gap.

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CHAPTER 37 myths of options trading

that can prevent your success

In the world of investing and trading, there are more myths about Options Trading than any other topic. There are many myths to be aware of. However, believing the following 7 myths will expose you to extreme risk of losing money. They may also prompt you to walk away from trading altogether – if so, you’ll miss the opportunity to generate significant profits relatively safely and perhaps become wealthy.

MYTH #1: Options trading is complicated and hard to understand.

Certainly you need several days of initial education to understand and use Options profitably. Then, you need some ongoing coaching, support and practice to develop the skills to make substantial profits from Options trading.

However, some people make Options trading overly complicated. They seem more interested in impressing you with their vast knowledge than providing you with an understanding of the world of trading and a simple, proven system and techniques for making money.

We don’t suggest that Options Trading is easy – it takes work. But, for instance, many traders follow 30 or more different methods for trading, when just having a few can make you wealthy. Mirriam MacWilliams

makes 80% of her profits from less than 5 methods, and she’s a self-made multi-millionaire! Attempting to understand a large number of methods can confuse you and make you procrastinate – making money requires taking action!

The simplicity of a proven, easy-to-understand, profitable system is the key.

MYTH #2Options trading requires you to take a long time to become a technical analyst.

There is a temptation to make stock analysis very complex, and the majority of people who follow such methods wonder why they don’t make money. The problem is that they crave perfection, so they seek more complex explanations for why stocks move in particular ways, and complicated methods for addressing those complexities. The thing to understand is that the stock market is not perfect.

It has been said that 80% of the reasons why stocks move is due to human psychology, and that the human emotions of fear and greed sometimes create irrational movements, especially at the extreme points of market movements, e.g. the greed of the dot com boom in the late 1990’s and early 2000’s quickly turned to fear in early 2001 with the dot com bubble bursting.

No trading system is foolproof, but a simple, proven set of techniques will help you to avoid the confusions and delays of complex methods.

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MYTH #3To be a successful trader you have to trade all night.

Some people in the Asia Pacific region trade 6½ hours each night until at least 4:00am, sleep for 2 to 3 hours and then go to their daytime job, after which they go home to sleep for another 2 to 3 hours before the market opens at 9:30pm. Some quit their daytime jobs in the early stages of their trading even before they are able to generate a consistent flow of trading profits.This is a sure recipe for disaster, either in health, financial security or personal circumstances. It’s not a way to financial or time freedom, or to a sense of peace. Where do you want to be in the middle of the night?

Mirriam MacWilliams originally created her trading methods so as to trade only 30 minutes to 1½ hours per day – she mainly wanted time freedom, not wealth.

Along the way, she has also found that her practical and balanced approach generates her significant profits, and since the mid 1990’s, it has made her a multi-millionaire.

A lot of the action in the market happens in the first 1½ hours, then it often goes quiet because of the US lunchtime. It becomes active again only after about 2:00am Asia time, when most people want to be in bed.

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MYTH #4Trade based on news.

Some traders watch company news very closely on specialist websites, on CNBC, etc, and trade in the direction that they think that particular news will take the company’s share price. Unfortunately, they often lose money when the trade goes against them.

For instance, they assume that a company’s share price will rise after it announces a strong quarterly profit. However, there are many cases where a strong profit announcement has been followed by a drop in share price. The reason is that the Financial Analysts working for the large institutional investment companies have decided well before the announcement that it is going to be good, and in the case of a then-undervalued stock, they drive the price up well before the profit announcement and get out with a profit before the individual “retail traders” place their trades.

News doesn’t make you money. A solid proven system based on price action and other simple, technical analysis factors has been shown to be much more effective.

MYTH #5If you Paper Trade, you’re a cheat or you’ll develop bad habits.

Do all the world’s greatest sports people practise their skills before they play? Of course! In fact, they usually practise much more than they play. Practice is one of the keys to their success. So, it should be the same for options traders.

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The process Mirriam MacWilliams recommends after your initial training is to refine your skills by paper trading (virtual trading without money) until you develop the familiarity and confidence to trade with a small sum of real money – then she recommends just US$2,000 to start. There is a difference in emotions you feel between paper trading and “live” trading. You need to experience this and become used to it.

Why not more money? Because if you can’t make it with US$2,000, you can’t make it with $10,000 or $50,000 or $100,000. Keep your money safe – refine your skills first, then add more money.

MYTH #6It’s better if an expert trades for you.

The path to true Financial & Time Freedom, as well as Peace, involves taking personal control of your financial situation. This means learning, practising and using the skills that can produce significant profits. Not to attend a course in options trading only to hand your money to someone else to trade for you. This will inevitably result in you being reliant on that other person to try to create wealth for you.

Even if that person has a good track record, what if something happens to that person? You’re relying on the well-being of that person alone. He is only one person, not an organization, and if he’s gone, your journey towards Financial Freedom comes to a complete stop.

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You have to start again – are you going to find someone else to trade for you and run the risk of repeating the result? Or will you finally get the message and learn to trade for yourself? Why not start now, rather than having to suffer the possible consequence of someone else trading for you?

MYTH #7You need to buy expensive, proprietary software from the options trainer.

Some people attract you into their course with a low price, only to offer you some software at the back-end of the course that you must buy if you want to effectively trade their strategies and techniques.

These pieces of software are sometimes referred to as “black boxes”, and some of them are priced at up to $5,000 – some even provide signals as to when to enter and exit a trade, so you don’t have to work it out for yourself. So, you become dependent on the software, because you quickly forget why you should be trading at those points. Some also have monthly maintenance fees of around $100 per month.

The key is to learn self-reliant methods which you can trade on your own without the assistance of such software. To save you time, you might want to make use of some free or inexpensive stock filtering tools and that’s about all. You have the freedom to choose, not because you have to.

BOYD SHEUM, MANAGEMENT

“Firstly I would like to thank you, for convincing Mirriam come to Singapore to impart her trading knowledge to us as to help us gain confidence in trading option in a fun and safe way.

I did not have any trading experience in the stock market.

After attending Smart Trader Training course taught by Mirriam personally in April, I was excited and fully convinced with her strategy that I had learnt and looked forward to test it out in the real market. Being a newbie, I had traded virtually to familiarize with all the mechanics of entering and exiting trades.

Initially I had made mistakes that caused things to go against me. I guess it is just part of the learning process that I have to go through. With the help of the team leaders and persistence, I managed to gain much confidence after 4 months of trading virtually. I started to fund my account in 11 Aug with S$5K (USD3,673.50) and traded “LIVE”. I had some trades go in my favor but some didn’t, resulting loss of USD292.17 (7.95% loss) by end Aug. The fact is this loss actually made me understand how to better manage my trade.

By end Sept my account was positive by USD773.11.

By end Dec, my account was 108% gain with just an average of 2~3 contracts per trade.



This may not sound like a lot to many people but I think it is quite a good achievement for newbies like me.

There were four things that I had learnt through those trades which I had done and would like to share with others like me:1) Follow the rules 2) Trust the indicators (charting)3) Have faith 4) Discipline on Money Management

Now I am able to keep my full time job and have fun in the evening to make more money for my retirement fund.”

CHAPTER 4KNOWING YOUR TRADING

PERSONALITY:INVESTOR OR TRADER?

Before you put any money into the stock market, you need to define your trading personality. The first step in this process is to determine whether you are a trader or investor.

Investors adopt a “buy and hold” philosophy. They hold positions for a long period of time. This can be weeks, months, or even years. Traders are different. They want to make money yesterday! Traders hold positions for days or weeks and in some cases for just a few hours.

Investors and traders use many of the same tools and techniques, but they adapt them to their trading personality and time frame. The time frame used is sometimes chosen for you. For example, if your profession or job does not allow you to monitor your local market during the day, it will be very difficult to function as a trader, even though your personality may predispose you to active trading.

Investors choose solid, quality stocks because they will hold their positions for longer periods. They use Fundamental Analysis to select stocks that have strong ratings and a promising long-term outlook. Investors are not concerned with the daily price fluctuations, because they know that they own fundamentally strong companies that in the long run should eventually go up in price.

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Traders on the other hand can choose a style that matches their own personalities and risk tolerance. A “day-trader” is one who is in and out of a stock in less than a day and never carries a position overnight.

Relatively few traders can function in this stressful environment for very long.

Most traders fall into the categories of swing, momentum, or position traders. These individuals usually hold their positions from a few days to a few weeks, depending upon the market.

They let the prices determine entries and exits. The fundamentals are not as important to a trader as they are to an investor; price movement takes precedence.

Both the traders and investors can make good use of Technical Analysis to determine the timing of their entries into the market, as well as accurate exits. However, precise entries and exits are of more importance to traders than to investors.

Both investors and traders should monitor their positions on a daily basis. Neither need spend more than thirty minutes each day tracking and evaluating their portfolios.

Traders who decide to trade full-time to make their living must decide whether they are willing to make the time commitment to follow the market intra-day. This does not mean that they are glued to the computer following every stock tick or for the whole trading day. However, there are decisions that often must be made during the course of the market day that will affect their positions. The fact that we follow the market on an intra-day basis does not mean that we are day-traders.

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Most traders are also investors, although the reverse is not necessarily true. Even traders who normally hold positions in their trading accounts for a few days at a time typically also manage their retirement funds in a retirement plan. These accounts are normally not actively traded, so you might say that those of us who have both types of accounts have a “split personality.” This is not a bad thing; both disciplines have much to offer.

The investor who does no active trading might do well to learn the disciplines of active trading, particularly in the area of technical analysis. The time may come when their investments will grow large enough that they can quit their day job and trade full-time. The ability to monitor the market during the day may allow them to reap the benefits of active trading, provided their personality allows for it.

Whether you consider yourself a trader or an investor, make sure that you learn well how to make good entries and exits. When we teach investors, we emphasize the importance of this discipline. It does no good if you buy the right stock or option after it has made its run, and sell it to close at the same price.

The other discipline we teach that applies to both traders and investors is proper money management. It is impossible to overemphasize the importance of the use of stop loss orders. It is also vital to know your targeted exit point before you enter any trade.

Investor or trader - which is better? Whichever fits your personality, risk tolerance and lifestyle. Don’t let anyone tell you that you should be one or the other. Examine yourself, and do what allows you to sleep well every night.

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LUCY NANCY SIM, RETIRED

“I lost the hundreds and made the thousands. Up to date, I’ve made $7,000 to $11,500 ie. 57% increase in my account.

And what I did with my profit is I left them in my account and used it as trading capital. Making the money is a small achievement for me. Although I did not make very much, I didn’t trade very much either because I spent my time travelling.

My recipe for success is never be in a hurry to make the big money, always have trading discipline, follow Miriam’s rules, always have a profit target and a stop loss.

Miriam has given me an opportunity to have another income stream, she has enriched my life with life-long knowledge and given me a travelling ATM whenever I need money.

Now I can travel the world as well as trade, and I also have time for the passions in my life during the day.

Thank you Mirriam and Wealth Mentors for sharing your winning methods!”


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CHAPTER 5WHAT MAKES A GOOD TRADER

Use Consistent Rules

If you have a desire to master money-making as a trader in the US stock market, and you have gained the knowledge of a proven system, all you need to do is follow the rules.

It sounds overly simple, but it really is that straightforward.

Apply the rules, gain experience, get some coaching to learn from your results – you’ll be well on your way to being a successful trader.

1,000%+ windfalls every now and again is not the path to success – such trades are very risky. Look to trade in a consistent way to yield frequent, consistent profits.

10 Habits Of A Successful Trader

1. Understand how the stock market worksOptions are a “derivative” of stocks, so gain the knowledge of how both stocks and options work.

2. Have a Trading PlanUse a clear system of methods and trading rules that are structured, consistent and proven. Stack up the probabilities in your favor by having a plan and using it every time you place a trade. Have a basket of stocks (or “watch list”) of about 20-25 that you work with – review the position of each stock in the basket of stocks each trading day.

Also, avoid trying to “cherry pick” the top and the bottom of a stock’s movements – that can be very uncertain. Instead, look for the more identifiable 10% “middle” moves of a stock that can produce a 100% profit on the options.

3. Ignore hot tipsKnow what the company does, understand the numbers, and make an informed decision. Don’t go into a stock just because it seems like everybody else is and you feel you don’t want to be left behind – that’s “following the followers”, who are often wrong.

4.HavetradesinseveralindustriesindifferentstocksHaving your entire investment capital in the market in just a few stocks in the same industry can be a recipe for disaster – one trade or the industry going the wrong way can wipe you out.

5. Understand the risks associated with options tradingApproximately 70% of options trades lose money. That’s because many Options traders do not use a proven, low-risk plan and system that delivers solid profits consistently; they let their human emotions get in the way. Learn how to eliminate the risky trades first before settling on the potentially good ones. Don’t just put some money in the market when it opens and hope some of it comes back. You can overturn the overall statistics and have 70% of your trades or better go your way if you follow a proven trading system.

6. Use a “Stop Loss”A small percentage of your trades will go against you, even when you follow all the rules, because the human emotions of all the investors and traders control most of the movements in stocks. A Stop Loss is a live, working order that will trigger if the trade goes against you, leaving you with the majority of the capital you placed in the trade.It’s one of the methods for managing risk, like a safety net – if the

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trade goes against you, be out of it as soon as possible with the minimum loss. Automate your trades – don’t let your emotions make you hesitate. Prepare for a potential loss before you go into a trade. Focus only on potential profits, and your results will be weak – focus first on potential losses, and your account will grow.

7.Automateyourprofitswitha“SellStop”Success in trading is not based on your ability to watch the stock market for several hours each trading day.

Similarly to a Stop Loss, calculate and set a “Sell Stop” at your target price so that your position is automatically sold for you at your anticipated profit level without you having to be in front of a computer. This means you only need to monitor the market for 20-30 minutes a day, maybe adjust your stops if appropriate, then switch off your computer. The best strategy is a hands-off one so that you’re not concerned with moment-to-moment fluctuations that can stir up your emotions and have you making hasty decisions. Make money while you’re asleep!

8. Remain cautious even after early successesEven after sequential gains, Smart Traders avoid the temptation to violate the rules – the very formula that delivered them their success. Some people feel so “bullet-proof” after early success that they start to cut corners with their trading plan. For instance, they put their entire investment capital on the line in a risky trade without stops – this often leads to an absolute disaster by losing all their money. Panicking about losing your money is also an unreasonable extreme – have a healthy respect and aversion for losing money, so that you are more inclined to be cautious in your trading style. Be self-disciplined so that you continue to follow the rules no matter what.

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9. Have realistic expectationsHuge percentage gains have high risk. Instead, a 10% move on the stock in the US is a realistic, achievable result, and can yield you a 100% return on your investment capital. Also, be realistic about the time that it’s going to take to generate your wealth – it’s a process of progressively building a strong stream of income trade by trade that ultimately turns into the wealth that you desire.

10. Create balance in your lifeOften people say that they want the financial independence that trading can deliver so that they can have time freedom, usually so they can spend more time with their family. Avoid becoming so consumed with trading that you actually take time away from your family or other important things in your life when your original goal was to achieve time freedom. Stay away from the market occasionally, for instance when you go on holidays. Take time out to enjoy life – you want to give your family the best possible things in life, and one of the most important things that you can give them is you and your time.

JOE MASON, TEACHER

“When I made my first trade I was terrified but excited at the same time. After making a few mistakes I felt I had a good understanding and began to make regular trades. My first six months were amazing! I started with about $10,000 and

quickly turned that into 19,000! I was over the moon with excitement.

However after that I think I felt like I could do no wrong and began making large trades and not following the rules exactly. I soon saw the results of not following the methods! I lost quite a bit in a very short time. So I took some time off from trading and returned to the books and studied all the rules again. After re-committing myself to following the rules I began to see positive results again.

I have been trading now for years now and have seen fantastic growth in my account! I really enjoy the process and I hope within the next two years to quit my day job and live off my trading!

Thanks Smart Traders!!!”


CHAPTER 6HOW TO PROTECT

YOUR TRADINGWhat Is Your Primary Focus?

Anyone who invests or trades in any market does so with one goal – to generate a return on that investment capital - to make money. Our approach is to view the US Market as a business - a place to conduct research and implement methods that are designed to generate a profit. For example, consider a retail business. You seek to purchase products at the wholesale level. You pay for the product after you do your due diligence. You then seek to sell the product in the open market at retail – a price higher than you paid which would net you a profit. You seek to do this over and over again.

In the unlikely event your products do not sell at your specified target then you look to sell at a lower price. Only when the item does not sell or you need to make space for new inventory do you look to maybe sell at the wholesale price (breakeven price) or sometimes lower than wholesale which would net somewhat of a loss.

Investing or trading in any market utilizes the same principles – buy low, sell high. Even if you are accurate just 50% of the time in your investing or trading, you can still be profitable.

Now, while your goal might be to generate a nice return on your investment capital, your primary focus needs to be the preservation of your investment capital. The aim is to protect your capital so you never run out of money, and so that you always have some funds to invest.

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You need to be able to locate trading positions that will return a greater profit when the trade goes your way and you need to have a way to protect your investment capital while it is in that position.

Firstly, be able to determine your potential profit target and your potential downside. This proves to be critical since it helps you determine whether the risk on that particular trade is worth the reward. A position may look very enticing because of the upside potential, however, after you have done your homework, you find the downside risk outweighs the profit potential - you can now choose to pass on that position.

Secondly, you need to know precisely where to exit even before entering the trade such that your investment capital is protected. People generally do not know when to exit, and allow their emotions to take over. They find themselves staying in a position that may be going against them. When you know in advance where to exit, you will be very confident that you have taken the proper steps towards the preservation of your capital.

The preservation of your capital is the key to a successful trade.

Proper Money Management Techniques

One of the most difficult tasks associated with being a successful trader is learning to be a good manager of your own money. It is not uncommon to see people turn out to be accurate on a high percentage of their trades and still lose money. How can that happen? If you do not use good money management by locking in profits and controlling your losses, it puts you at a greater risk of losing your investment capital.

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As a beginner trader, the temptation is to quickly take a position and start making money right away. However, bringing in no profits at all is better than losing any part of your capital. Learn methods that are appropriate for your personality.

Take advantage of strong movements in stocks and wait until the appropriate time to enter these positions. Patience and discipline can go a long way in ensuring your investment capital stays intact so you can always make a profit another day. Do not waste your time trying to play “catch up” with a stock that has gone against you.

The more you have lost, the longer it will take to get back to where you started from – because you have a larger amount to make up and because now

you have a smaller investment capital to work with. For example, making 10% on a $10,000 account earns you $1,000, however, if you have lost half of that investment capital and have only $5,000 left, making 10% on your money will earn you only $500. You would have to do that twice to make the same $1,000.

A sound money management principle has two main goals: 1) avoid losing money and 2) avoid missing profit opportunities because you may have your investment capital tied up in trades that are going nowhere for a long period of time (or may even be going against you).

Preserving your investment capital is obvious. However, avoiding loss of profit opportunities is not so obvious. For example, let’s imagine two investors. Mike buys a stock expecting it to go up and finds that within a specified period of time, it does not. However, he is convinced that it will go up and decides to wait it out. He may end up holding the stock for 2-3 months before selling it at breakeven.

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Leslie, on the other hand, buys the same stock at the same time as Mike but once he sees that it is not going up, he sells at a small loss. He buys another stock and makes 30% profit (he learned how to take advantage of leveraging his investment capital in the US market by using options instead of buying the stock this time). His next trade loses 10% but after that he does two trades: one with a 30% profit and the other with a 50% profit. Because he is growing his account, he makes these percentages on a larger and larger capital basis each time. At the end of the same time period, his account has grown by 100%.

Whose money management decisions turned out to be the best? Can you see how the idea works? You now have your investment capital earn a return for you.

In addition, you clearly do not want to have your entire investment capital in the market at all times. Know that if you are an experienced trader and have an alternative source of income, you can take more aggressive trades compared to a beginner trader. A beginner should focus on more conservative methods in order to build up the investment capital to trade more aggressively.

When Not to Listen to Stock Market Gurus

Several years ago, I was reading an interesting article about a particular stock in the US market that had risen quite a bit in price. It happened to be a technology stock that was trading at approximately $60 at the time. I generally do not read business journals or watch television on issues relating to the stock market, but this particular article caught my attention since it was titled “Bubble Trouble.” The article said the stock should be trading at approximately $20-25 within the next year. Well, two years later, the stock had risen to a pre-split price of $170 and that stock is EBay.

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Analysts and stock market “experts” will get on television or print articles trying to give reasons to buy or sell a stock. How could these “experts” and market forecasters get so much focus and attention? Why do people still follow the urgings of what I call stock market gurus, and expect to gain an “edge” in their investing? Make no mistake about it, most of these “experts” have a simple hidden agenda in mind – to favor their firm’s own agenda. They do very little to help the investor make responsible decisions relating to their portfolios.

My recommendation is always to put outside influences aside. The average retail investor or trader is rarely going to gain an advantage by following the advice of stock market gurus. In addition, the same goes for trying to gain an “edge” in your investing by trying to follow different news events. They are not designed to give you an “edge” in your investing. Generally, when information regarding a stock is made public, the market has already reacted and the stock has already made its move either up or down.

Such was my own personal experience when I began learning how to invest in the US stock market – everyone seemed to have an opinion. Now, what happens when the information begins to contradict itself? It truly is quite immobilizing.

Does this mean that you have no means of gaining an advantage in your investing? Not at all - listen to what “price action” is telling you about a stock. Price action will give you all the information you need about the coming direction in a stock.

It tells you whether your particular stock is being accumulated (bought) or whether there is distribution (selling) going on with your stock. When you implement simple methods associated with technical analysis, you can determine with quite a bit of your own accuracy the direction the stock wants to travel. Now you are in a position to take advantage, with confidence, in your investing or trading.

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ERMIA QUITALIG, MANAGING CONSULTANT

“Being a single mom of five, I’ve always made it my foremost goal to gain freedom in terms of time and finances for the benefit of my family’s future. As Kiyosaki would put it, I must get out of the rat race.

In one of my travels to Singapore, I came across and attended the Wealth Mentors seminar. Immediately I

registered for the Smart Traders Training even though the cost was heavy on my pocket considering I’m a Filipino and just resigned from my job.

But I had the determination that this was meant for me and it’s something I want to do to bring me closer to achieving my goals.

I started with live capital of $5,000 and after just two months, I’ve built up my capital to almost double at $9,700+.

It’s really been a rewarding experience and made me more confident after only virtually trading (and experimenting the what-ifs) on and off for more than a year. I’ve earned back my tuition fees and other related expenses (since I travelled just for the trainings).



I’m setting up part of my fund to allocate for the college education of my children and another part as my retirement portfolio. I know it’s a small start but that’s where it grows. I feel more financially secure with this additional income source and I am able to spend more quality time with my children during the day. What can be better than that?!

This is why I am so grateful to Mirriam and Aaron for sharing their knowledge, skills and expertise with people like me so that we don’t have to learn the hard and painful way. More power and blessings to everyone in Wealth Mentors!”

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CHAPTER 710 PERSONAL CHARACTERISTICS

OF A SUCCESSFUL TRADER

As you start to develop your trading skills, you will get a big boost to success from progressively learning and adopting the characteristics of self-made wealthy Smart Traders. It doesn’t matter if you don’t have all these traits now - very few people are born with them - you can acquire them just like many wealthy traders have. Without these traits, you ultimately may not achieve the results you want. Look deeply within yourself, and seek more information or some coaching if you feel that you need to make improvements.

1. Burning DesireSuccessful traders are enthusiastic. They have passion about what they’re doing, and they’re energized by it. They work consistently at it and expect extraordinary performance from themselves in following the methods that achieve repeated, high-level success. They have a sense of pride in their success.

2. Life-long learningOngoing, systematic refinement of knowledge, experience and skills is needed to be successful at trading, otherwise the opinions and tips of uninformed people can start to be influential. That’s when putting money into the market can become gambling, not trading. Join a mastermind group of successful traders to learn more. Being a successful trader means you also learn from your mistakes, so don’t beat yourself up – have the ability to let go of your need to be right. Be teachable. Also, learn from your successes. Study, ask questions and read, and apply what you learn.

3. DecisivenessTo make good decisions, you need to avoid impulse, and instead be able to gather the relevant facts and information to analyze the situation carefully, promptly make a decision, commit to that decision, and take action. Objectives without action have no meaning. Decisions cannot be delayed in trading. If not made in a timely manner, the opportunity to participate in a particular trade could pass you by.Avoid procrastination - make a decision and move on.

4. CommitmentSuccessful traders enjoy what they do, even if they don’t achieve instant success. They are patient and work with total involvement, constantly learning, being productive not just busy. They seem to be having the time of their lives. They never give up.

5. Self-beliefPurpose is important for a trader to be successful. They are not distracted by their current circumstances or events. Successful traders never compromise their values and beliefs once they find a system that works. They don’t let other people or situations produce self-doubt or distract them.

6. Positive attitudeSuccessful traders never doubt that they will achieve what they’ve set their minds to. And when they do, it contributes strongly to their self-esteem. They visualize and have a positive expectation of success, not failure. They avoid negative environments and people.

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7. FocusConcentrating on their main goals and objectives is the mark of a successful trader. They don’t get sidetracked or procrastinate – they get things done.They work on the most important activities and don’t put them off until the last minute. They focus on what they want, not what they don’t. They believe in the power of options trading to create wealth for them, so they put their attention and energy there.

8. Self-disciplineForming good habits is a key to being a successful trader. Such people understand the power of routine – doing certain things in a particular way, on a regular basis, like monitoring the stock market every day for around 30 minutes, and using a fixed, proven system to do so.

9. PerseveranceSuccessful traders hang in there for as long as it takes to gain the skills that produce consistent profits – persistence is a key to long-term trading success. They know that success in trading is achieved in a set of progressive steps – it’s a marathon, not a sprint. They keep their eyes on the ultimate vision, and avoid getting diverted.

10. ResponsibilityPart of the path to becoming a successful trader is to accept responsibility for your actions. Don’t blame others or the system, don’t make excuses, avoid whinging and complaining. Check the steps you took so as to find the error, then correct it, follow the rules, and learn from the experience. If it still doesn’t make sense, seek some coaching to find out why the trade didn’t go your way, learn from your mistakes and correct your actions.

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MAZLAN GAPAR, IT PROFESSIONAL

“IgrewUS$5,000toUS$7,002...40%profits!!!

What made Mirriam’s investment program so special is that she teaches us the good money management skills on how to preserve our capital.

The most important principle that I captured is she emphasized to enter a stop loss for every trade and trade virtually after losing a trade for two consecutive wins before starting to trade live.

Thanks Mirriam and Aaron for giving me an alternative to make an additional income.”


CHAPTER 8HOW TO ACCELERATE YOUR

TRADING SKILLLiterally hundreds of thousands of books have been written about investing and trading in the US stock market. Every day we read about new software designed to turn a few hundred dollars into thousands and thousands of dollars with little or no risk.

If trading in the US Stock market was as easy as reading a book or following a piece of software giving us signals as to when to buy and when to sell, many more people would be wealthy. However, I have yet to read a book or purchase a piece of software that would generate for me consistent returns.

Since I had a full-time job and the US stock market was open at the very time I was at work, I thought I would subscribe to a service that gave me stock recommendations. What could be easier? These people were professionals who knew what they were doing – or so I thought.

My first experience using a fee-based subscription service designed to give me stock trading information should have opened my eyes. The first three positions that were recommended as “buy” opportunities all went down in price… not one of them – all three of them! That experience was unfortunately not my last. I then realized that if I wanted to become a full-time trader, I needed to learn how to make my own trading decisions. After those dreadful experiences, I embarked on my own journey of learning how to successfully trade.

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I personally found I had the capacity to cut my losses short, however I was also cutting my profits short as well. It was not until after almost an entire year of “breaking even” that I realized I needed to focus on letting my profits run and keeping my strategy of cutting losses short.

This was truly a turning point in my investing and trading career! I now knew I would not need to rely on any one person, book or software to generate consistent returns.

I now had the keys – all I needed to do was be patient, wait for the appropriate setup of a trading opportunity, be disciplined in waiting for the appropriate time to enter and stay focused while managing my position.

My methods for investing and trading were truly derived from trial and error over an approximately two-year period of time.

Nothing can prepare you for the constant setbacks and letdowns from all those previous training sessions. I knew that I was going to succeed since I obtained an incredible passion for following the markets.

You have a choice. The choice is to do it alone and experience the same setbacks and letdowns as I have, or I can guide you and help you cut down on that learning curve significantly (and there is a learning curve).

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We recognize that once you make a commitment to learn, we at Wealth Mentors have made a commitment to teach you. Your learning does not end after you have attended our training. It is where you begin to learn.

We will provide you with mentoring designed to fine-tune your trading skills, thereby accelerating your investment and trading education, making sure you understand the investment and trading methods sufficiently to make trading a career or as a supplement to your current income.

I invite you to be involved in the Smart Traders program, where you will identify your particular trading personality. The answer will be staring you in the face. Put bluntly, if you are not achieving the wealth you say you desire, there’s a good chance it’s because, first, you subconsciously don’t really want wealth, or second, you’re not willing to do what it takes to create it.

Let me show you the way!

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Loo Kah Boon, Engineer

“Attending Mirriam’s class has really opened me up to another path of success in life other than just depending on my 9 to 5 job.

My wife-to-be girlfriend used to think that all trader are gamblers, they will end up bankrupt.

I have showed her that it is possible to trade with controlled risk. With proper training, guidelines, methods and good money management, options trading is like a planned business.

She has been very supportive after then.

Last but not least, a millions thanks to Mirriam and those that have helped me along the way. My journey is about to change and it will be a great day ahead of me!”


CHAPTER 9

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WHAT MAKES A PROFITABLE,CONSISTENT TRADING SYSTEM

One of the very first things I learned in my trading career was that I needed to know when to exit a position for a profit before entering the trade.

That seemed to make sense. After all, that was the whole reason why I was learning how to invest my own capital. However, when you begin to invest your own hard-earned capital, you quickly realize that not every trade is going to go your way. Hence, I found that keeping an eye on my profit target was a misguided approach to investing.

I quickly realized that a trading system could only be profitable if it focused on preserving my investment capital, all the while generating strong returns – not just once in a few trades but consistently!

That trading system also has to provide me with detailed instructions, a roadmap if you will, with an entry point, and once I am in that position, to be able to manage it with comfort and ease.

A target for exit may not be too necessary for long-term investing purposes, however it is a must for trading purposes. Does your trading system give you an exit target? Are you able to calculate, before taking on a trading position, what your risk versus reward ratio may be? How do you know the trade is worth the risk?

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A trading system must have measurable successes.

Investing in the stock market requires that we have a compelling reason as to why we buy a stock. More importantly we need to have an even greater reason as to when we buy the stock.

I am sure you have heard that you can end up buying the perfectly right stock at the perfectly wrong time. Such analysis should not take more than a few minutes each day. A consistent, profitable trading system should free you from the countless hours most others invest in their investing and/or trading. Again, we are looking for a compelling reason to enter the trade – if it is not there, then there is no need to invest additional time that evening. Wait for another day.

A profitable, consistent trading system should not be focused on proprietary software that may be here today and gone tomorrow. If you already have a proprietary tool then of course make use of that tool. However, with the advent of the Internet, there are many inexpensive or even free tools available to assist in your investing and trading.

Once you’re a Member, our website www.Wealth-Mentors.com is a great starting point to guide you to the relevant sites!

A successful trading system should also suit your trading personality. Do not become focused on the promises of others and their lofty returns. Remember, the US stock market has made more millionaires than any other source, however this success did not come overnight.

Learn how to manage and take control of your own capital. You can learn to successfully invest your own capital!

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CHAPTER 10ADVICE FOR PEOPLE

CONTEMPLATING TRADINGFOR A LIVING

I can honestly say that when I left my six-figure a year job (after almost 11 years) to come home and trade for a living, I had no idea of the richly rewarding life that would follow. It was truly one of the best decisions I ever made in my life. It became even more evident when the company I worked for was bought out by another Latin American bottling company (two years after I left) and the job was transferred to a Latin American country. Very early on I realized that to succeed as a full-time trader, I needed to have the utmost of time management and self-discipline.

My first recommendation is to determine how much time you are willing to devote to trading in the stock market since that will determine what type of trading personality you will have.

I find there are two types of individuals: there are investors and there are traders. An investor would like to have nice returns on his portfolio. However, he has little time to devote to the stock market. He may even have a full-time job. In this instance, investing is the perfect vehicle for this individual since it requires little time (generally 20-30 minutes prior to the market opening). A trader, however, does have time to invest in the stock market. A trader wants to take advantage of the daily fluctuations of the stock prices. It can be very profitable, however this individual needs to monitor the markets more intensively throughout the trading day.

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I highly recommend getting the proper education in trading/investing. I find that individuals who come to my training with little trading/investing knowledge generally do better. I also recommend that students first paper trade – also called “virtual trading” - without any money (or simulate live trading). Paper trading is a wonderful way of fine-tuning a strategy. It also allows you to see whether a strategy suits your trading personality.

Since my trading methods were basically self-taught, I kept meticulous records on each of my trades and would even review this information during the weekend when the market was closed. Most of my trading errors were discovered during these periods of analytical reviews. Most people find that keeping a journal of their trades is time-consuming and tedious. I firmly believe paper trading builds an enormous amount of confidence.

If you are unable to generate returns while paper trading, then the likelihood is a strategy may not be as well understood as you thought and it is time to revisit the strategy and ensure you understand it well enough to paper trade it again.

When you see how quickly your trading account grows while on paper, you will be better prepared to become a successful “full-time” trader.

No trader should begin trading real money without firstexperiencing paper trading!

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CHAPTER 11CONCLUSION -

WHAT DOES THIS MEAN?

That’s a great question; to which the answer is:

“YOU CAN BE A SUCCESSFUL INVESTOR AND / OR TRADER IN THE STOCK MARKET”

But first you must decide to be a successful investor/trader, be prepared to take action and invest time and resources to make it happen! Like all things in life, it requires focus and attention.

There is a saying from T Harv Eker:“Where attention goes, energy flows and result shows!”

A “Stock Market” career offers immense rewards and a great lifestyle. No wearing a necktie to work. No boss. No employees. No customers. No billings. No traveling except to training courses to upgrade your trading skills and on holidays. Basically, no one to answer to except yourself.

You can spend as much time or as little time as you like trading each day. It all depends on the trading plan you designed for yourself, with the investment knowledge you learn from us.

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When you put your trading plan together, always remember the following we have talked about:

Step 1 Know Your Trading Personality (Chapter 4) Step 2 Follow the Rules (Chapter 5) Step 3 Focus on Preservation of Capital (Chapter 6) Step 4 Exercise Proper Money Management (Chapter 6) Step 5 Don’t listen to Stock Market Gurus (Chapter 6) Step 6 Think like a Wealthy Smart Trader (Chapter 7) Step 7 Build up your Trading Skills (Chapter 8) Step 8 Have a Trading Plan and Keep to it (Chapter 9) Step 9 Get the Right Tools (Chapter 10) Step 10 Take Decisive Action! (Chapter 11)

SMART TRADERS PROGRAM

This is a knowledge development and action-oriented program. You will discover the exact methods, mind sets and habits of a successful professional trader. You get to experience real-life examples and not theories, that’s for sure!

That’s how trading should be.

So how can you make money trading stocks if only a small number of people know how to do it right? What is their secret?

Do you have to spend hours on end staring at a computer screen watching the market?

I’ll answer that in one simple word...

NO!

You are probably a very busy person. Many traders have another job, so they can’t - and do not want to - sit there and watch the market all day.

Trading stocks can make you staggering profits, but you have to be willing to sacrifice literally thousands of hours unless...

... you follow the methods from someone who knows what he or she is doing - someone who knows the rules of the game.

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Look No Further

I have taught thousands of students from all different experience and skill levels. And I know what it takes to be successful!

You can’t afford to waste money on ineffective or non-productive seminars. Every dollar you spend has to do the work of ten. You can’t afford to be basing your decisions on misinformation provided to you by those so-called Analysts.

Most seminars tell you what to do, but they never reveal to you how to do it profitably without wasting thousands of dollars and many hours all night in unnecessary and expensive experimentation.

You don’t need trading theories, nor do you need to trade all night. What you really need is concrete steps and specific directions to trade the US Market and reap in maximum profits with minimum time and money.

It’s amazingly powerful when you know the simple formula, how to easily invest in the stock market (no special skills needed), how to keep making consistent profits with low risk and very high returns and spending only 20-30 minutes a day to manage your portfolio.

Once you know the secret formula, it can be used for any investment instrument so easily and simply it’s almost unbelievable!

My students will tell you that I do hold nothing back in sharing with you the secrets of my success.

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Derek Kitikomolsuk, NSman- 703% in 10 weeks after training!

Chan Mui Choo, housewife generated US$7225.55

profits in 3 months!

Teh Loo Kim, insuranceprofessional - 514% gains!

Renee Loh, accountant - 302% on 7 winning trades!

Desmond Lau, teacher - 415%in 10 weeks after training!

Chua Gek Huey, scientist - 581% ten weeks after training!

Liew Mei Lan, housewife andex-air stewardess - 321% with

8 trades!

Rachel Ng, bankingprofessional - 296.5% with

just one strategy!

Read on if you’re ready to launch into a new life of easy investing and breathtaking fun, starting today...


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3 Reasons Why the Smart Traders Program Is For You

When Mirriam MacWilliams first started trading, she lost a lot of money despite spending US$32,000.00 on many unproductive courses and software. It took her many years to create and perfect her money-making trading system. The choice is yours to either do it alone and experience the same frustrations and costly mistakes, or let her show you all the shortcuts to financial freedom in the shortest time. Over 8,000 Smart Trader Members in Asia and USA can’t be wrong!

1.Simple,ProfitableYetLow-RiskMethodsin30Minutes...Keep Your Day Job!

Mirriam makes 80% of her profits from just 2-3 methods, and that makes her a millionaire! With clear exit and entry rules, anyone, even a newbie can learn and use her powerful system quickly and easily.

Her methods are designed to give her Wealth and Freedom. She invests only 30 minutes to 1 hour a day. After placing her trades on autopilot, she switches off the PC and has the rest of the day to herself. She doesn’t monitor news, analyze complicated charts or data. She literally makes money while she eats, sleeps, works, and play! And since the market opens at night on this part of the world, you will be able to keep your day job and still reap the same benefits!

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2. No Expensive Software to Buy

Be careful of expensive pre-programmed software that gives buy/sell signals. They can stop working when market dynamics change! A profitable consistent trading system should not focus on a software that may be here today and gone tomorrow. We show you self-reliant trading methods where you are in full control.

To save you time, you may use inexpensive stock filtering tools and that’s about all. This a mentorship program designed to give you the skills to trade independently - we will not “feed you the fish,” instead we will “teach you how to fish”. You are your own fund manager - FOR LIFE!

3. You Know You Are In Safe Hands

Our Smart Traders Program is one of the longest running programs in the market.

With more than 25 years of combined experience from Mirriam and Aaron, you know this will be a superb learning experience. Learn from Mirriam’s time-tested and proven strategies; you don’t have to make huge losses before learning how to profit!

Our mentors will take you by the hand to help you gain more confidence in becoming a Smart Trader. You will no longer be alone...

Join our mastermind team of mentors, team leaders and trading buddies today!

CHAPTER 12THE 2-PART FORMULA TO

FAST-TRACK YOU INTOOPTIONS TRADING

About 85% of people looking to learn Options Trading are “Newbies”, usually with no knowledge of the Stock Market, let alone Options. But whether you’re new to it or are an experienced trader who wants better results, you need to learn from an education program that is simple and conservative in its approach. More importantly, provides free back-up support for several months after the initial training.

Such a program is Wealth Mentors’ Smart Traders Program, where our chief trainer, Mirriam MacWilliams reveals her secrets on how you can be a Smart Trader, using relatively safe and yet powerful methods!

Mirriam does not teach the complicated, high-risk, low-profit, old methods that can be found in books or on the Internet. Her methods are straightforward and have made her millions over many years.

Mirriam’s Smart Traders Program, produced in Asia by Wealth Mentors, consists of two interconnected and powerful components:

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WEALTH FORMULA PART 1:THE SMART TRADERS TRAINING PROGRAM

This is a powerful experience designed to equip participants with practical knowledge. We are teaching trading skills not theories.

This comprehensive course will equip you to fully understand:

• How you can trade on the very lucrative US Stocks market right from the comfort of your home

• Leverage your small capital on options profitably, regardless if market moves up, down or sideways

• The skills of picking the right stocks from the 10,000 listed companies on the US Stock Exchanges

• Learn the few simple but highly-reliable technical indicators to trade successfully!

• How to use market price action to your advantage

• How to look at any chart for favorable setups

• Calculate your profit target to exit your trade at the right time with the maximum returns

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• Manage risks and protect your capital

• Real-life case studies to reinforce your trading skills

• How to prepare yourself before the market opens

• Develop a successful money management blueprint so that you can be your own fund manager

• And tons more...

After attending our Training, you’ll know how fascinating and profitable trading is - when you KNOW HOW and by Using a Simple Formula!

FORMULA PART 2:THE COACHING AND MENTORING

Equally as important as the initial training is the comprehensive, hand-holding coaching and mentoring that follows.

After attending the Live training, your journey to be a successful investor/trader has just begun. We are committed to your success and we provide follow-up mentoring.

Most seminars either provide education or mentoring, but not both. We offer you both education and mentoring.

Through a process of regular revision and further explanatory information and tips, you will develop a deeper understanding of the materials taught in the training, become very familiar with the processes and be guided in the practical application.

This also offers you the opportunity to ask all the questions you may have, and have those questions answered.

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GO FOR IT!

So if we could show you a simple, step-by-step, easy-to-follow trading system, would you be interested?

We’ll reveal tons of real-life case studies of how an “average investor” can make consistent profits in the Stock Market.

Take that first step on the journey that will Empower Your Financial Destiny. Take charge, and Come With Us To Financial Independence!

Tofindoutmoreaboutourprogramorregisterforourintroductory seminars, contact us:Visit www.WealthCreationMentors.com or

Email to [email protected]

SINGAPORE Tel: +65 3159 0996 Fax: +65 6339 8535

MALAYSIA Tel: +603 2788 4996 Fax: +603 8064 2138

PHILIPPINES Tel: +63 915 755 8588 Tel: +63 920 863 3665

PEDRO ROBERT, FINANCIAL PLANNER

“I went live in February. Within two weeks of going live I had taken 5 trades. Three have been exited. Two positive exits PCP & GOOG and, one negative LZ. Overall, I was up over USD20,000. Started account

with USD46,000 so now it’s at USD66,000 approximately.

In April I went to Singapore for some more of Mirriam’s training. The main new information was Support & Resistance 1 Day Trades. I got back to Hong Kong for my partner’s (now wife) birthday. I took my partner out for birthday dinner that night. Just before going out I placed two trades. Both Support & Resistance 1 day trades as taught by Mirriam on the previous Saturday. APA & EOG.

Got back from dinner about 3 hours later and had made just under USD5,000!!! Paid for the training that I attended in Singapore, paid for the dinner several times over... absolutely love trading!

Over the last three quarters I have taken a position on MON using Investing After Earnings Strategy. Each time has resulted in returns of at least 50%. Fantastic. Earlier this year I entered the same trade with MON.



Options trading can produce incredible results over a relatively short period of time.

I highly recommend you virtually trade for several months so that you can understand the whole process. Look at the charts everyday whether you are going to trade or not. The more you look at the charts, the more you understand what they actually mean.”

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APPENDIX

We are an investment education and mentoring organization whose purpose is to coach and educate investors and traders on how to create a lifetime of wealth and abundance with love, joy and fun, using the Stock Market as a vehicle.

Our program is designed for practically anyone. We believe that anyone can invest in the stock market with the investment knowledge we teach. And what is so exciting is that you can do it anywhere and anytime! The market has never been better than right now.

The founders of Wealth Mentors are Mirriam MacWilliams and Aaron Sim.

ABOUT WEALTH MENTORS

Mirriam MacWilliamsChief Trainer of Wealth Mentors

She is a self-made millionaire and trades for a living. She is the Ex-Director of Education of the 14000-member strong US Investors Club. She teaches trading methods used by professional fund managers. Her forte is turning complex subjects into simple

step-by-step blueprints that anyone can learn and use right away.

Mirriam has been featured on Channel NewsAsia TV, NTV7, TV2, RTM2, MetroTV, The Sunday Times, The Business Times, My Paper, The New Paper, Mediacorp Radio 93.8, Lite FM, Smart Investor, The Standard, Asia Financial Planning Journal and more.

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ABOUT WEALTH MENTORSAaron SimCEO of Wealth Mentors

Aaron let go of a 6-figure job as Finance Director of Unisys Singapore, a large IT company to start his coaching and training business.

He is Mirriam MacWilliams’ first protégé in Asia and is now a successful trader.

Both Aaron & Mirriam are co-founders and trainers of Asia’s leading Options trading program – The Smart Traders Program.

Since 2003, both have coached over 8,000 people in Singapore, Malaysia, Hong Kong, Brunei, Indonesia and USA.

Aaron is a CPA by training and he has been featured in the Sunday Times, The Star, The Standard, Pas FM Radio and Shanghai magazine.

Aaron is passionate in acquiring profound knowledge in the business, marketing and financial arena from world-class wealth coaches, trainers, and authors. His belief is that the wonderful dream of financial independence is alive and doing well. And whatever that dream might mean for you, you can have it if you simply take the time to learn how to get it.

Aaron is happily married for over 20 years. He loves life and his work. In his spare time, he enjoys meditation, reading, travelling and attending personal development seminars.

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