CURRENT VENUE for the Melbourne hybrid meetings – Arcadia Hotel, South Yarra. More venue details below in the Activities/Items section. In-person networking from 5.15 pm to 6 pm with finger food PROVIDED you register beforehand.
NOTE: In-person 5.15 pm - 9 pm, and broadcast over the web only from 6 - 8 pm AEDT. Also, our in-person meeting segment each month over dinner will be either a Guest Speaker-led Q&A general discussion, or a Technical Analysis case study – over dinner from 8.15 pm.
Join our ATAA meetings to improve your understanding of
how to invest or trade successfully in the financial markets,
focusing on the correct use and application of Technical Analysis
Session Highlights:
• A method for identifying trading/investing candidates: Robert's "4 Windows"
• Insights into the emotions and psychology of trading, including: Cognitive Biases, Anchoring, Overconfidence, Loss Aversion and Thinking Like A Trader
Meeting Agenda:
5.15 pm - 6 pm – Informal networking (including finger food)
6 pm to 6:05 pm – MEETING OPENING, INTRODUCTION and HOUSEKEEPING
6.05 pm to 6.45 pm – MEMBER SPEAKER
Robert Brain – ATAA Melbourne Chapter President, Private Trader, Educator and Nimble Short-Term Investor
Topic: “4 Windows” – One way to analyse stocks and the market
Is now the right time to buy into the market? Are any stocks worth buying right now? Should we use a “market Go/No-Go filter” to minimise risk? What is the best way to periodically review stocks and the market?
There are literally thousands of different ways to answer these questions, and all of them can be right. In this session Robert will describe what he calls his “4-Windows” method of analysis, including: (a) studying plain price, (b) looking at the “big picture”, (c) using key chart indicators, and (d) considering volume. And he will apply this analysis to the current market and share his market analysis. This session will be full of useful tips and hints, and will provoke a lot of discussion.
Profile
Robert has been studying the many aspects of technical analysis since 2006, and he is convinced that the share market price charts summarise the underlying opinions and emotions of the real market participants, and that every price chart tells a story. He also believes that Price Action Context is very relevant, and that Nimble Short-Term Investing is the way to go.
A few years ago, Robert decided to combine his then casual interest in the share market with his extensive experience as an educator to develop his web-based Share Market Toolbox business to help investors and traders to refine their own strategies, and learn about the strategies of others. Robert is a private trader and educator, and an ATAA Councillor in the Melbourne Chapter. He also runs the Australian BullCharts (charting software) User Group with monthly Melbourne meetings and online webinar sessions.
6:45 pm to 8 pm – GUEST SPEAKER
Jim Haralambidis – National ATAA President & Quant Trader
Topic: Lessons for Traders from Nobel-Prize winner Daniel Kahneman’s bestselling book - “Thinking, Fast and Slow”
Daniel Kahneman is one of the world’s most pre-eminent psychologists, receiving the Nobel Prize in Economics in 2002. Much of his work involved trying to understand how people’s automatic responses to circumstances affect the rational choices they should be making. Our hard-wired responses often have a greater effect on our choices than we realise, even though we consider ourselves to be rational beings. In his bestselling book “Thinking, Fast and Slow”, Daniel details the ways in which we are often influenced by factors outside of our rational selves.
These factors include Cognitive Biases, Anchoring, Overconfidence, the Availability Heuristic and the Planning Fallacy. Of particular interest to Traders is Loss Aversion, related to Prospect Theory, in which we place different weights on Gains and Losses, and end up selling the wrong stocks. Hindsight Bias afflicts many traders developing trading strategies. We always tend to look for causes for the trading results we get, when many can often be simply explained by Regression to the Mean, which can also be used by traders in developing successful strategies. How good is a discretionary trader’s intuition, versus using a set formula for making trading decisions?
Jim is not a psychologist, but his background in science led him to try and understand some of the psychological factors involved in decision-making, so he can improve his own trading performance.
Profile
Jim Haralambidis started his career in science. He has a PhD in Chemistry and Molecular Biology from the University of Melbourne, and was involved in scientific research at the Howard Florey Institute for about fifteen years. He was instrumental in setting up the first lab in Australia for the chemical synthesis of DNA.
Jim left the academic world in 1996 to set up his own IT business, which he ran for about 20 years. On the way, he obtained a Master of Applied Finance degree from the University of Melbourne, as well as a Graduate Diploma in Computing from RMIT. The business Jim was running grew to multi-million dollar turnover, and was eventually sold to a listed company in 2015.
Since then, Jim has been busy managing his own investments, hence his interest in Technical Analysis. He is the current National President of the ATAA.
Approx 8.15 pm – Either: guest speaker-led general discussion, OR T.A. case study, over dinner for the benefit of everyone present.
For all of the people attending this session and staying for dinner, there will be a general markets Q&A, or a T.A. discussion, over dinner. This segment will NOT be broadcast and will NOT be recorded. It is for the benefit of the members and visitors who stay for dinner.
The ATAA is the knowledge network for successfully using technical analysis
in financial market trading and investing.
NEXT MEETING:
When: Thursday 14 March 2024, 5.15 pm until 9 pm.
Where: Arcadia Hotel (TBC)
2 Toorak Road (cnr Punt and Toorak Roads), South Yarra