Some internet posts have suggested suing Clemen Chiang for their trading losses. Is this possible?
My view is that this would be difficult but not impossible. Some questions to consider - did he promise a fool-proof no-loss trading method in his course? If he did, then perhaps you could sue provided you followed his instructions exactly.
On the other hand, if he taught you methods that do not work at all. That would be a breach of an implied term in the contract between you and him for him to provide you with knowledge of options trading. Not very familiar with options so can't really say for sure, but my view is you would need other options experts to come to court to prove that his methods do not work at all. All in all, claiming your losses would not be easy.
Consult your lawyer if the amounts involved are large to make a claim worth your while.
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