VIC Boot Camp 16th – 18th June 2017

I reached Singapore on Thursday 15th June at 10 pm and finally got home around 11pm. By the time I managed to unpack and sleep, it is close to 1 am. The next day I woke up early at 7 am to attend the first day of the boot camp. I joined the VIC boot camp with an initial mindset that I am already a seasoned investor and I just wanted to learn about options. I wanted to learn how to use options to maximise my gains.

I realised that this course is unique and has its strengths. If you want to learn all the fanciful options strategy like vertical, diagonal, etc you will be disappointed. However, this course gives you a very well defined strategy to value a business, access its strength and weakness, conduct valuation and apply sell put or sell call options to further protect your position. It is difficult to lose money using this approach. The course will touch on portfolio management which I never realise is an important investment strategy. I have read everything from “The Five Rules for Successful Stock Investing” by Pat Dorsey and various books on portfolio management but somehow I never piece everything together. This course helps me to align my knowledge, coupled from what I learn in the last 3 days to be a better investor.

I believe there is alot I need to learn and I will continue on this lifelong learning journey to be a better investor. I enjoy learning while progressing towards our quest of financial freedom.

The next few things to do:
1) Fund my Thinkorswim account with real money, start small and test it out
2) Stock screen SG stocks
3) Stock screen HK stocks
4) Stock screen US stocks

Then I will get together with some of my like minded friends and brainstorm on what businesses to acquire. 

Never stop learning…    

20th June 2017
I transferred USD 4,390 to my Thinkorswim account. Let’s start slowly and sell put on 1 contract first. 

The money should be in the account either Wednesday or Thursday. Look forward to it!

The new quest is to make USD 120/month in premium to cover my monthly installment for VIC course. Once I can do this consistently for 6 months, then I will attend Ken Teng’s OMP course. 

13th August 2017
I got greedy in 2nd month and made a lot of mistakes which contravene to the system which I was been taught. I signed up for Ken Teng’s OMP course in November.