Perth Chapter, Thu, 27 Feb 2020 5:30 pm for 6:15 pm
Please Note: This meeting is the 4th Thursday of the month
Please note: Changed Parking Arrangements at St Catherine’s College
There is no onsite visitors parking available, please use street parking or parking at UWA.
Visitors are always welcome: First meeting is free, and then visitors fee is $40. (No booking required - just check in at the registration desk on the night.)
6:15 pm: Welcome and Announcements
6:20 pm: Market Outlook – Julian Burridge
6.30 pm: Trading: It’s completely mental! - Paul McLaren
Sadly, the term “Mental” has been hijacked in popular parlance to represent a slur on a person’s character has become synonymous in ordinary parlance with mentally ill or deficient. However, its original meaning refers to things of the mind, specifically intellectual (cognitive) and emotional.
This presentation looks at cognitive biases in two parts.
- Those biases affecting how we trade; including those affecting mechanical versus discretionary trading, decision making and risk management. Specifically, what biases could be in play at various stages of the trading cycle.
- Those biases affecting why and what markets we choose to trade, which trading platform / software we use, which instruments we trade with, which broker we use, and our approach to financial education and training. This aspect is often overlooked as the “how” normally dominates discussion. Crucially, it may be these factors which are prone to cognitive biases that limit the chances of the actual trading ultimately succeeding.
Of course, options trading will be a key part of the discussion. Paul will surmise that the first trade any new trader should make is a long call.
Paul will demonstrate to the audience that trading is completely mental!
Be prepared for an interactive and informative session.
Biography - Paul McLaren
Paul McLaren, the creator of the RoToR Payoff Diagram®, is the Managing Director of Enhance Your Options Pty Ltd, an Australian-based company specialising in options education and training.
Paul is an entertaining and highly regarded speaker having delivered trading events in Australia, USA, United Kingdom, Europe, South-East Asia and New Zealand and presented global webinars for the CMT Association and IFTA. He also recently presented at the IFTA 2018 conference in Kuala Lumpur, Malaysia and previously at the IFTA 2017 Conference in Milan, Italy.
8.00 for 8.15 pm - After Meeting Dinner: Local Restaurant (200m walk up Hampden Road).
Next Meeting Date: Thursday 19 March 2020
Next Meeting Venue: St. Catherine’s College, Crawley WA 6009, (corner of Stirling Highway and Winthrop Avenue)
Further Information: Derek Locke - Perth ATAA Chapter President
Next Meeting Speakers: Alan Clement
Next Meeting Normally Held: Generally the third Thursday of each Month
- Thu, 27 Feb 2020 05:30 PM
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