Meeting on the second Thursday of the month.
Your Networking Opportunities:
A key feature of our monthly chapter meetings in this really good meeting venue is the Special Huddles Networking Session where you have the opportunity to make new friendships with like-minded colleagues, to help you build your skills and knowledge and to improve your trading / investing results. Of course, you will also be able to network with your existing friends and colleagues and talk about the markets — both past market performance, and where the market might be going to in the near future.
Visitors are welcome. First visit free, subsequent visits $40.
All first-time visitors and new members are welcome to join in the “Newbies Huddle” during the networking session. This will provide you with information about the ATAA, and the basics about Technical Analysis, and some tips about going forward. If a member is responsible for signing up a new member, the member can receive a discount off their next annual membership renewal fee (to be noted on the New Member sign-up form).
5:00 to 6:00 pm: Informal Networking Session — Mingling with your colleagues.
ibis Hotel, Level 1, 15-24 Therry Street, Melbourne
6:00 to 6:15 pm: Special Huddle Session — Focused networking so that members can “talk shop” on a particular topic and seek out some great tips and hints. What is your favourite topic? Also the special Beginners and New Members (Newbies) Huddle for the new folk — to help explain about the ATAA, and about Technical Analysis.
6:15 pm: Notices and Updates
6:15 to 6:55pm: Robert Brain — Private Trader, Educator and Nimble Short Term Investor
Topic:- “ Trading in Practise Interactive Workshop — Risk management, Stop Loss, etc.”
When investing or trading in the equities market it is very important to think about how to optimise your position size and how to manage the risks. This is important to both protect your capital from any downside risk, and to maximise your profits — every extra dollar is very useful (remember the power of compounding). And it doesn’t matter whether your investment capital is only $5,000, or $5 million. There are many ways to manage all this; but which is best?
In this interactive workshop session, we will invite you to form into teams of about 4 people and compete against other teams in the room to determine who has the better strategy as we follow one particular trade from entry through to exit. Are you sharper than your colleagues? Please print our handout and bring it with you (details below).
Position size — What are the arguments for and against using exactly the same size position every time? Is a position size of only $500, or perhaps $1,000 a good size for the new investor/trader? Should we enter a position using a phased approach? That is, half now and half later? or in thirds even?
Amount at Risk — What do we mean by “amount at risk”? How is this related to the initial stop loss value and the actual position size? How can we set this so that we can still sleep at night, and it won’t matter if the share price falls by, say, 20 percent?
We will look at the options for the initial stop loss, and for position size. Some people will have already found the ideal approach, and it will be good to share experiences and hear other people’s views. We are looking for the best approach.
For this session we will again use my Trading Work Sheet (same as in January 2016). You can download it from here:
About Robert Brain
Robert has many years of professional experience in both Engineering and IT and several years’ experience in the share market. 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, an ATAA Councillor in the Melbourne Chapter, and a Director on the National ATAA Board. He also runs the Australian BullCharts User Group with monthly Melbourne meetings and online webinar meetings.
6:55 to 7:00pm Break
7:00 to 8:00pm: Davin Clark – Professional Trader & Founder of TradeDirect365
Topic: - “Strategies for Creating a Consistent Edge in your trading and Investments”
Davin Clarke is the founder of TradeDirect365, a low commission, fast execution platform for trading Australian and International markets.
Over 12 years to 2013, Davin has operated a successful private trading business as a professional trader, actively trading equities, futures, currencies and derivatives through a family trust and a Self-Managed Superannuation Fund. His role as professional trader was full time and this business generated his primary income.
Davin is a popular and sought-after presenter on trading strategy and skill development throughout Australia and has produced 2 trading books “Trading Plans made Simple” and "Options made Simple" published by John Wiley & Sons.
As a professional trader he has been featured in the following books: "20 Most Common Trading Mistakes and How You Can Avoid Them" published by Wrightbooks and "Real Trader, Real Money, Real Lives" published by Wrightbooks.
Strategies for creating a consistent edge in your trading and investments
The experience of being on both sides of the fence has given me a unique insight into what differentiates successful traders from the crowd.
A winning edge does not have to be substantial to generate a profitable trading business.
This is not just true in trading.
Take professional tennis.
From 1991-2016 the average amount of points won in a season for the No. 1 player in the world is just 55%
Tennis like trading is not a game of precision, it is a game of percentages.
In this presentation we will look at strategies that help us in achieving long term trading success.
8.15 pm: Dinner and more networking
Place dinner orders at the bar before 6:30 pm.
ibis Melbourne Hotel, 15-21 Therry Street, Melbourne, (near Victoria Street)
How to get there:
Train: Melbourne Central railway station 550 metres
Trams in Elizabeth and Swanston Streets
Car Parking: CBD Car Park, 58 Franklin Street
Please note: Some traffic interruptions along parts of Franklin St due to long-term works for Metro Rail Tunnel.
Next Meeting Date: Thu, 8 Nov 2018
Next Meeting Venue: ibis Melbourne Hotel, 15-21 Therry St, Melbourne 3000
Further Information: Paul Ash - Melbourne ATAA Chapter President
Next Meeting Speakers: Tyrone Abela
Next Meeting Normally Held: Generally the second Thursday of each Month
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