Melbourne - Thursday 12th May at 5:15pm for 6:00pm
Date: Thursday, May 12, 2016 At 18:00
Duration: 2 Hours
4:30 to 5:50pm: Networking - Coopers Inn
282 Exhibition Street (corner of Little Lonsdale Street (maybe in the upstairs function room).
Drinks will be subsidised so make sure to collect a drinks ticket from a committee member at the door (note new start time).
5:45pm onwards at the Telstra Conference Centre
Level 1, 242 Exhibition Street, Melbourne (Corner Exhibition and Lonsdale Streets).
Enter from the corner of Lonsdale Street, and head up the escalator, or via the internal plaza from the rear of Coopers Inn. Parliament railway station is not far away.
Possible car parking options
Secure Parking 59 Lonsdale Street
Wilson Parking 150 Lonsdale Street
Wesley Uniting Church (JM Car Parks) 140 Lonsdale Street.
Visitors are welcome. First visit free, subsequent visits $40. Membership is encouraged.
5:30pm: Telstra Conference Centre
Sale of Dinner - with-drink Tickets $25. Please pay by cash.
6:00pm: Member Speaker - Joseph Barrington-Lew – Manager JBL
Topic: Money, Risk and Trade Management
Many traders spend hours trying to determine what to buy and neglect what many successful traders believe is more important, correct position sizing to controlling risk. Many Traders have several excel spread sheets lying around to help them and then others spend more time updating other spread sheets to determine how their shares and portfolio(s) are performing. Many feel placing a stop loss will help control the risk they are exposed to and keep them out of harm’s way.
Risk management or having a stop loss in place is vital to trading success, but position sizing (how many) is the missing key to successful risk management.
Joseph will show why knowing how many times you are right does not determine your success. He will briefly cover Trade Expectancy and the formula for calculating it and will show how ‘JBL Risk Manager’ handles all that is required for correct Money, Risk and Trade Management, and how relatively easy it is. This is not new, just a tool that helps to implement these proven strategies, giving control over risk, with help to manage trades with precision.
For over 15 years Joseph has helped novice, beginners and seasoned traders understand the importance of Money, Risk and Trade Management. His role has generally been in customer service in the financial services industry, speaking directly with traders by phone and/or email all around the globe, helping them understand the products they have purchased. This includes software such as Metastock and JBL Risk Manager, data feeds and education that helps traders put it all together. It is said Joseph has the knack of simplifying the complicated. Joseph Barrington-Lew has lectured at Universities, spoken at Trading Expos, frequently been published on the internet and has discussed various topics relating to Money, Risk and Trade Management in forums globally.
6:40 Break (and last minute dinner orders)
6.45pm: Guest Speaker: David Hunt - Trader, Chartist and Advisor
Topic: How great traders and investors develop and what you can do to improve
In this presentation David will discuss systematic and discretionary styles of trading. Who wins? Who loses? What do you gain? What do you lose?
Topic 2: Analysis of Australian Shares and Stock Indices Forecast (time permitting)
David Hunt is a founding Member of the ATAA and APTA, and is a well-known market forecaster. David’s specialties are Market Analysis, Charting, Elliott Wave Trading, WD Gann, Market Timing, Market Forecasting and ASX Share Market Advice. David's extensive experience in financial markets spans over 35 years, and includes shares, currencies, commodities, interest rates, bonds, U.S. stocks, and futures. David has traded for fund managers, investment banks, large corporations, and on his own account. Some of David’s corporate clients include Macquarie Equities, RBS Morgans, Bloom Financial, BBY and ANZ. David holds numerous qualifications, including Diploma of Financial Services (Financial Planning), Bachelor of Commerce (Honours) and PS 146. For further information, click here to visit David's website .
8.15 pm: Dinner and more networking: Coopers Inn, 282 Exhibition Street.
Please note minor changes with the new networking/dinner venue: $25 for a main course and one drink (tap beer, house wine or soft drink). Please order dinner before the meeting in the normal way (after 5:30pm at our own Dinner Desk in the Telstra Conference Centre).
Further information: Paul Ash - Victorian ATAA Council President
Phone: 03 8804 1726 (AH) or 0414 836 063
Next meeting: 9th June 2016
Next speaker: Gary Stone
Future meetings: Generally on the second Thursday of the month.