Brisbane Chapter Monthly Meeting
Saturday 11 November 2023 at 9.30am (AEST)
In-Person only meeting.
9:00 - 9:30: Meet and greet with tea & coffee
9:30 - 9:45: Welcome and Introduction
9:45 - 12:00: Money Management and Stop-Losses by Colin Nicholson
This is a video recording of Colin Nicholson’s presentation on this topic. (Colin as he has retired from teaching trading/investing principles).
Some traders spend a lot of time looking for the perfect entry but little time adequately considering Money Management techniques, often to their detriment.
What is Money management? It is the part of the trading/Investment plan to allow you to protect your capital and therefore optimize your trading performance.
If you don't apply strict money management, you can't win on the financial markets. Managing your risk well means having the right position sizes, knowing how to place and move your stop losses, taking into account the risk/return ratio. Money management allows you to trade without stress. [A quote from www.centralcharts.com].
In this presentation Colin Nicholson covers the following points:
- Two sell-stops;
- Capital at risk;
- Position size calculation;
- Position size examples;
- Sell-stops in action.
Colin and the ATAA:
Colin has been a highly rated speaker at many ATAA and AIA national conferences and has written five books on investing and written for Shares magazine, Smart Investor magazine, The Australian Financial Review, BRW. Colin is an honorary life member and past national president of the ATAA and has retired from teaching his methods.
12:00 - 1:00: Lunch
1:00 - 2:00: Reading the Charts
Are all markets performing the same in this environment of high inflation and interest rates only going higher? In trying answer this question we will look at selected charts with a special consideration given to the role Volume has in chart interpretation.
2:00 - 3:00: A Continuation of Dow Theory Phase analysis
What are the Dow Theory 6 tenants? A continuation of Dow Theory Phase analysis as presented by Colin Nicholson in Chapter 8 – Managing Market Risk as presented in his book – Building wealth in the Stock Market.
3:00: Meeting closes