Newcastle Chapter, Sat, 8 Sep 2018 at 10:00 am
Visitors: First meeting free; subsequent meetings $40
9:30 am: Coffee and chit-chat
10:00 am: Welcome and announcements – Stephen Blacktop
10:10 am: Where are we now? – Stephen Blacktop
Stephen will give an overview of Australian and international indices, selected commodities and ASX sectors.
10:30 am: Options time – The options strategy for repairing stock – Peter Thornton
This stock repairing strategy is used to recover from a loss after a stock has suffered a drop in price.
10:50 am: Jonathan’s view of the markets – Jonathan Smadja
11:00 am: Coffee time and networking
11:30 am: Bruce Wood
Topic: The Bondi Special Interest Group Model Portfolio
The Bondi Model Portfolio commenced trading in August 2017 and hit a very turbulent market. However, by Christmas time (4 months trading), our profit was up by well over 30% on the capital usage – which was a remarkable result!
In our efforts to improve our risk by implementing risk management strategies, we designed rules which conflicted with each other, and this resulted in an unworkable trading model.
The market correction came in early February 2018, and by mid-February, we had an empty portfolio. Even after giving a lot of our profit back to the market, the profitability of the portfolio after the last trade was still very respectable (approximately 20% pa)!
This presentation will review how the Model Portfolio was designed, the performance of our trades, and whether it was successful. If we had to improve it, what would we do? If it were Bruce’s personal portfolio, how he would incorporate Heiken-Ashi candlesticks to assist with the position sizing and risk mitigation?
This presentation will be very practical, as we are reviewing notional trades which were reported weekly through the SIG website, so all trading decisions were disclosed in advance, and there was full transparency around all trades.
Bruce Wood is, today, a private trader. His professional career spanning over 35 years was in major corporate Financial Services, covering a diversified range of roles including:
Banking and Finance
Treasury Banking – Foreign Exchange and Money Market and Derivatives
Corporate Investor Relations
Project Manager / Business Analyst
Bruce has been a full-time trader on his own account since 2010. Bruce has been trading Rules Based Trading Systems since 2003, and today devotes a significant portion of his working time to the designing and the ongoing development of Rules Based Trading Systems.
Bruce is currently the ATAA Sydney Chapter President.
1:00 pm Lunch in Club Restaurant (optional)
2:00 pm: Bruce Wood
Topic: Heiken-Ashi candles – a different approach to candlesticks
Heiken-Ashi Candlesticks look just like normal Japanese candlesticks, so why are they different?
In the 1700s, when Munehisa Homma developed Heiken-Ashi candlesticks, what were his objectives in designing a modified version of candlesticks?
Some traders (and in particular FX traders) claim that Heiken-Ashi candlesticks are a very powerful tool for identifying the direction of the trend.
In this presentation, we will look at how Heiken-Ashi candlesticks are constructed, and why they offer a very different approach to normal Candlesticks towards making your trading decisions.
3:00 pm: Meeting concludes
Next Meeting Date: Sat, 13 Oct 2018
Next Meeting Venue: Kahibah Sports Club - 63 Kenibea Ave, Kahibah NSW
Next Meeting Speakers: To be Advised
Next Meeting Normally Held: Generally the Second Saturday of each Month
- Sat, 08 Sep 2018 10:00 AM
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