Des Bleakley has been a member of the ATAA for the past couple of years and has been a share investor for over 20 years. He retired from the workforce five years ago and now makes his living managing the assets within his SMSF, this being invested totally in equities (and cash). In this regard, his profile is probably closely aligned to that of many other ATAA members. In this presentation Des shows how he views the market in general, and how in particular he trades to make a living return, with a primary focus on keeping his wife in a manner to which she is accustomed. Many other ATAA members will readily relate to this scenario
Like many ATAA members, Des strives to invest in the stock market in a methodical and systematic manner, minimising discretionary involvement. Over the years he has refined his trading style, through analysis and "trial and (many) errors? to arrive at a system which provides clear stock selection criteria, coupled with entry and exit signals, in a mechanical manner. In this presentation he will describe his strategy, how it has evolved over time, and he will explain how his signals are calculated. In particular he will introduce the TROC indicator, a variant of the Rate of Change (ROC) indicator and show how this is a better measure to use for those who trade. He will also expose the trading results of this system to the members for your critical analysis.
This talk is practical and real world and shows how one ATAA member approaches trading in the stock market on a daily basis. For those of a like mind, there may be aspects of Des' approach which may appeal to other members.
Having a mathematical background, Des is naturally drawn towards charts to assist with trading decisions in support of his trend trading philosophy. As such, he has tried many different indicators in search of that elusive "Holy Grail", and has gone down many interesting but not perhaps fruitful alleys over the years. He subscribes to the "Keep It Simple - Stupid" principle, and will show how an approach along the "KISS" lines can be implemented without too much effort, and yield satisfactory results. The desire to over complicate matters is a constant threat.