Brisbane Chapter, Sat, 8 Dec 2018 at 9:30 am
9:30 am–9:45 am: Welcome and Introduction
9:45 am– 12:00: Presentation: Trading – It’s completely mental! By Paul McLaren
This presentation looks at cognitive biases in two parts. Those affecting
• how we trade including mechanical versus discretionary trading, decision making and risk management
• the markets we 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 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 suggest that the first trade any new trader should make is a long call.
About Paul McLaren:
Paul has worked in Australia, the United Kingdom and Fiji, and returned to Australia in 2012 from 9 years living in the UK. He has 25 years' experience in adult education and training, technical analysis skills and over 20 years' experience in investing and trading, and a life of seeing things from a different perspective to others. This experience allowed him to apply his skills in data manipulation and proven learning concepts to develop training courses particularly in the area of options trading. He is the developer of the RoToR Payoff Diagram®.
Paul has presented at the IFTA 2017 Conference in Milan, Italy and most recently IFTA 2018 Conference in Kuala Lumpur, Malaysia. He has also delivered technical analysis sessions in the United States, United Kingdom, Switzerland, Sweden, Singapore, Egypt, Malaysia, New Zealand and the Philippines as well as several chapters for the ATAA in Australia. In addition, he has presented global webinars for the CMT Association and IFTA.
Paul can be contacted at Enhance Your Options.com.au.
12:00–1:15 pm: Lunch – why not bring a little bit of Xmas cheer (the only rum allowed is in the rumballs).
1:15 pm – 2:15 pm: Discussion: Trading – It’s completely mental! By Paul McLaren
Following on from the morning’s session, Paul will facilitate a discussion around our trading experiences. As a starting point, Paul will introduce his mind-map of Cognitive Biases as they are likely to impact our decision making at each stage of the trading process.
2:15 pm – 2:25 pm: Break – 10 minutes
2:25 pm – 3:00 pm: Preparation Schedule before placing a Trade by Peter Kyparissis
3:00 pm – 3:30 pm: Definitions of the follow trading methods by Tim Young
Should time permit, we will look at the meanings of the follow trading terms:- Systems, Algorithmic and Mechanical.
3:30 pm: Meeting Close
Please note: There will be a break in both the morning and afternoon sessions with coffee, tea and nibbles provided throughout the day. The location is next to the Logan Central Plaza where take-away foods is available. The room has a kitchenette and those bringing lunch can use the fridge.
Next meeting: Saturday, 19 January 2019 (Please note, this is the 3rd Saturday)
Next Meeting Venue: Community Meeting Room 2, Logan Central Library, 26 Wilbur Street, Logan Central, Logan City QLD 4114
Next speaker: To Be Advised
Future meetings: Generally the second Saturday of each month except for January (3rd Saturday).
- Sat, 08 Dec 2018 09:30 AM
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