Newcastle Chapter, Sat 9 Nov 2019 at 10:00 am
Visitors: First meeting free; subsequent meetings $40
9:30 am: Coffee and chat
10:00 am: Welcome and announcements – Dennis O’Flynn
10:05 am: Options time – Putting theory into practice – Peter Thornton
10:25 am: Jonathan’s view of the markets – Jonathan Smadja
10:40 am: Pick Your Bull And Ride It (For As Long As You Can Bear)
– stock tipping competition results for last month – Mark Mills
10:45 am: Where are we now? – Dennis O’Flynn
Dennis will give an overview of Australian and international indices, selected commodities and ASX sectors.
11:00 am: Coffee time and networking
11:30 am: Sinan Koray - Trading Game and Money Management
An opportunity for you to look at how you handle Trading Systems, Position Sizing and your emotions.
Sinan will focus on mathematics of Money Management.
Trading too large relative to one’s account is unproductive and potentially very detrimental to one’s trading account. On the other hand, trading too small will not generate the profits potentially available from a trading system.
He will go over “optimal f”, a formula for Optimal Position Sizing and Leverage. In his book “The Handbook of Portfolio Mathematics” Ralph Vince says “for any given independent trials situation where you have an edge (a positive mathematical expectation), there exists an optimal fixed fraction (f) between 0 and 1 as a divisor of your biggest loss to bet on each and every event.”
He will look at two different scenarios. One where the size of wins and losses are the same, and another where wins and losses are different size.
He will bring home the concepts of Money Management by playing a few rounds of a trading game where attendees can see the impact and the result of the “optimal f” for position sizing. There will be a prize at the end of the game.
Sinan Koray is an internationally acclaimed speaker, author and trading coach who is reshaping trading psychology and transforming the lives of tens of thousands around the world. As a professional trader and trading coach, he is considered a leading expert on emotional control and mind mastery. Since 2003 he has traded Foreign Exchange, Futures and CFDs for Indices, Commodities and Metals. Sinan has addressed audiences in Australia, New Zealand, Philippines, Middle East, India, Singapore, Indonesia, Hong Kong, and USA. He is the founder of TradingStressFree.com
1:00 pm: Lunch in Club Restaurant (optional)
2:00 pm: Sinan continues
3:00 pm: Meeting concludes
Next Meeting Date: Saturday 14 December 2019
Next Meeting Speaker: Peter Castle and Bennett McDowell
Next Meeting Venue: Kahibah Sports Club - 63 Kenibea Ave, Kahibah NSW
Further Information: Stephen Blacktop: +614 1041 3972, Peter Thornton: +614 1115 5745
Next Meeting Normally Held: Usually the second Saturday of each month
- Sat, 09 Nov 2019 10:00 AM
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