Michael McCarthy: Trading after Covid - Melb Chapter Online

Please note this meeting will be available to ATAA financial members and paying visitors.

 

ATAA Melbourne Chapter Online Meeting - Thursday 14 October at 7:30 pm AEDT

Webinar (internet-based) Meeting

OPENING INTRODUCTION and HOUSEKEEPING   7:30 pm

MEMBER SPEAKER 7:30 to 8:00 pm

Jackie Heys - Private Trader - Retired

Topic:-  Overview of ‘Trading View’ Charting Program”

Jackie is still learning about TradingView, but loves the graphing capabilities and is keen to share the key features in this session. She will show some of the advanced chart capabilities and how to zero in on stocks that are fundamentally of interest to her. The package price is reasonable, real-time data is cheap and the community is a very sharing one.

About Jackie Heys

Bachelor of Applied Science (Computing) – Monash

Grad Dip Education – Monash

Jackie joined Computershare (CPU) as a Computer Operator in 1980 when it was still a part of Halifax and was the third employee. At the time she had deferred a Science degree after a year due to financial pressures and thought she would just work for a year and then go back to uni, but ended up doing a degree part-time for 6 years at night school. Jackie left CPU in 1988 to move to the country and raised a family. Whilst bringing up 4 kids, she taught computers in adult education then moved on to the TAFE system and also completed a teaching degree.

Computershare was a fantastic employer and allowed this flexibility ahead of many other organisations. Over the years Jackie worked on most of the Share Registry systems: dividends (and imputation credits when franking came in), share issues (SPP, bonus and new), takeovers (with multiple sharks), mergers, proxy meetings, employee share schemes (deferred and exempt), executive options (with performance hurdles), automation of deceased estates and the analysis of problems and maintenance of the systems as needed.

In her spare time, she started a ladies share group in Leongatha. From 2000 for 5 years, twenty ladies put in $30 per month and invested in Australian shares. None of the other ladies had any knowledge of shares but they were all keen to learn and the aim was to spend the money on a holiday at the end. They ended up tripling their money and most members joined the next group. Jackie was then pressured into starting a group for family and one for work mates. Trips have gone to Italy, Egypt, Krabi, Hoi An and India just before Covid. The next holiday planned for a windup in 2023 is Madagascar and Morocco.

Since retiring, Jackie has gotten more interested in US stocks and has learnt about options. She was using VectorVest OptionsPro which she loved, but at over $4,000 per year she could not justify the expense – she was making more on the exchange rate than trading. Jackie has just joined TastyWorks as she has several contacts that are trading SPY, IWM, SPX and liquid ETFs.

Jackie is still using VectorVest and MetaStock but she finds she is relying more and more on TradingView. All of her personal trading is in her SMSF so she never takes capital gains into account. She is very bad at taking a loss on stocks – as tends to hold them until they bounce back and then she can never purchase them again – once bitten! Her current strategy is a sort of swing trade with a 5 WMA crossing up above a 10 EMA, both rising.

GUEST SPEAKER 8:00 to 9:00 pm

Michael McCarthy –  Private trader

Topic:-  “The Wisdom, and Madness, of Crowds – Trading after Covid.”

This session looks at the post-Covid trading environment and the change in the composition of the market crowd, highlighting the impact of newer participants, and the implications for analysis and trading. Michael McCarthy will share his observations, and some of the adjustments traders are making. Your views are sought – how have you adapted your approach to markets in light of the Covid “step change”?

Michael McCarthy began his trading career in 1985 as a money market dealer. Since then he has traded every asset class, and has specialised in derivatives since the early 1990s. He stood as a market-maker on the ASX options trading floor for County Natwest, ran global swaps books for Citibank and directed derivative trading for ABN Amro. Most recently he held the position of chief market strategist with CMC Markets in Sydney.

HOW TO REGISTER

Everyone is welcome to participate - This session is free to all current (financial) ATAA members. All non-members are asked to pay a $15 Visitor Fee. There is a limit to the number of people who can participate, so it is very important that everyone register for this session well in advance.

ATAA Members - To Register for this session:

  • Logon using your existing details and click on the “REGISTER” button at the bottom of the event page.
  • On the registration confirmation page, click on the “PROCESS REGISTRATION” button.
  • A link with the meeting details will be sent to your email address.

Non-Members - To Register for this session:

  • For non-members to register for this session, you will need to be a “Registered Visitor” to the website. If you have already done this, then make sure you “login” to the website and the next step will be easy. If not, then click on the “Join ATAA” button in the top right hand corner of the website window so as to join as a “Registered Visitor”. Then simply follow the prompts on the next screen and enter your basic information to become a Registered Visitor (your proposed username and password, and other details). We will also send to you information about future events in your Australian State as they are published.
  • Click on the “REGISTER” button at the bottom of the event page.
  • On the registration confirmation page, enter your payment details or your first time visitor coupon code and click on the “PROCESS REGISTRATION” button.
  • A link with the meeting details will be sent to your email address.

Next Meeting Date: 11 November 2021
Next Meeting Venue: Online
Next Meeting Speaker: TBA
Further Information: Paul Ash: 0414 836 063
 

Event Details

Event Date Thu 14 October 2021 7:30 pm
Event End Date Thu 14 October 2021 9:00 pm
Individual Price Free for members - Registered visitors $15
Location Online

Please login to register for this event

Next Events