If you are looking for the negative feedback on Smart Trader training program conducted by Mirriam Macwilliam from the Weath Mentors, you are in the right page. I was a student or rather a victim of their trading strategies. I took time to set up this blog to compile most of the negative feedback in this page so that you would not waste your money in learning something that is available in the internet. Let me give you a teaser on one of their strategies, "today up, tomorrow up, and tomorrow first hours also up then buy!!! " How bullshit is that! This method not even accurately predicting the weather.
Don't fall for their unethical hyping methods that they use to bring you into signing their program. I think it is very unethical because they are taking advantage on the weak mind, I was unemployed and desperate to look for ideas and way to make money, with that I could not resist on the idea of able to earn a living through trading by signing up their course. Besides from me, theirs a bunch of retiree that also fall for their selling technique that hype you up during the introduction seminars. They will hype you through asking you to participate actively, you will find yourself keep saying yes and raising your hand and at the end of the seminars they will throw out a price of theirs course and give a small number of discount and told you that the discount is valid on today. That would create an urgency for you to sign-up besides, you have been raising and saying yes throughout the seminar, your psychology is so messed up that you would said yes as well in signing their course.
Bottom lines is I lost money and I don't want you to lose too. I wasted my money attending their course and don't want you to waste yours.
Below is some compilation of the negative feedback from HardwareZone Forum and Lowyat Forum. You may click the link to get the full discussion of the topic.
Feedback 1
My comment: Don't bother look for the advice of their so called volunteer team leader, they are there for the free lunch and they are just the new grads from the previous Smart Traders class. You can be one of their volunteer team leader if you finished theirs course too. How wonderful is that!
Feedback 2
https://forum.lowyat.net/topic/668917#
Feedback 3
Comment: Totally agree, try to dare her to show her trading account. Not just one trade but for 3 months. See what is her response?
Feedback 4
Next Week, I will share on where to find the free trading videos.
Hi there is the same seminar here in the Philipubes. I wanted to researchabout it bedore going tomorrow and I found this review. I ms it hummjust really a scam? i am interested in kearning how to stock trade and I just need to know where and who can I learn from.
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ReplyDeletei am a student in 2017 smart trader training program conduct at mid valley boulevard, what i can tell you is their strategy doesn't work. they teaches you when to enter the trade, how to do the calculation to choose the right stock to trade, and when the right time to exit. ALL DOESN'T WORK! All the student after enrolled this program do not know how to trade. luckily i m a experience option trader, i have use her strategy to trade. but most of the time is failed. they just blamed the market conditions not their strategy. as a experience options trader i know what is going on to this strategy. If anyone need my advice's before signed up for this program can contact me through livingestore@gmail.com
ReplyDeleteHi, may I know what options strategies does Mirriam teach?
Deletehi bro, can i collect your course notes since you don't require them
ReplyDeleteWith the recent hype of the stock market (GME, Dogecoin, etc.) at the time of writing this comment, it looks like Wealth Mentors is taking the opportunity to get more students as I got a marketing email promoting their "free" course on 24 Feb 2021. I went to one of their paid training sessions in 2011, followed their live webinar sessions diligently after the paid training sessions and can confirm that their strategies do not work.
ReplyDeleteThere were a lot of news article that they shared when they were promoting their paid training sessions previously, featuring Mirriam becoming a millionaire. If you google her name, articles mentioned her turning $10k into $2mil in 2 years but never revealed the years (ads kept repeating from years ago, probably made her money during the tech bubble of 1999) nor mention her recent trading performance (compare that to other proven investors like Peter Lynch with exact track record). The key is consistency.
Throughout all of the live webinar sessions that I have been, I have never seen any of the Wealth Mentor coaches' or Mirriam's real trading account. Instead, they only showed thinkorswim demo (or paper money). As I was writing this comment on 20 Feb 2021, I also had a look at their social medias and didn't see any real proof either (some screenshots in their instagram could have been from demo account). Also, ask yourself, if Wealth Mentors strategies is successful, why are there no actual trading results from the reviewers / students, e.g. https://www.facebook.com/Wealthmentors/reviews/ . NOT A SINGLE ONE. Those are probably incentivized reviews. Compare that with other youtube influencers who actually show trading account, trade live with their viewers, actively interact with their communities in facebook etc.
Wealth Mentors is smart by having a Western people provide the training. As Asians, we have been indoctrinated that Westerners are smarter and better (not true btw), and thus more susceptible to believe that the course is legit. Have a read at this thread too - https://forum.lowyat.net/topic/668917/all - I fully agree with smart.strategies's post.
Also, when students in my batch joined their forum, they mentioned the old posts from former students had to be deleted as there was a compliance issue so the forum was brand new. I was naïve back then and wanted to believe it, but after a while, I realised it's just a scam.
On a positive note, I did learn about options in the training sessions but it's something that I could have learned myself without paying RM12k+. My suggestion would be to educate yourself by doing research, watching youtube influencers, reading books like The Intelligent Investor by Benjamin Graham, One Up On Wall Street by Peter Lynch etc.
This blogspot was one of the top results I found when I googled "Wealth Mentors review" so I thought I'd share my experience here. Hopefully this comment helps at least one person out there.