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"Bulls and Bears are
proud sponsors of
Sunday Traders
Club-NSW " | |
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The Next MEETING of the NSW Sunday Traders Club
Will Be
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AUG 24th 2008
Sunday 10am - 12.00pm
Harbord Diggers Evans St Harbord
Subject Excellence in Mining & Exploration 2008
PLUS
Trading Routine Part 2 Plus Portfolio Analysis by Robert Kreft
Topic/Speaker - Traders Routine by Robert Kreft Serious traders use searches and explorations on their software to find suitable candidates to trade. No matter how good your searches and explorations are on your software, they will invariably throw up both good and bad opportunities. Come along this Sunday and see how Robert Kreft goes about separating out the candidates that Count! See whether you would keep or reject a share from a list of candidates. This exercise is priceless in terms of knowing what to look for in candidates that are thrown up in your personal searches and explorations and what is relevant now.
Also come and have lunch downstairs afterwards and network with other traders and investors. Feel free to bring some like minded friends along.
last month
If you have heard and wondered who and what is behind Joe DiNapoli:
Then come along and hear first hand what two of our members picked up from his latest course.
" Joe's exhaustive investigations into Displaced Moving Averages, his creation of the proprietary Oscillator Predictor and MACD Predictor, and in particular, his practical and unique method of applying Fibonacci ratios to the price axis, makes him one of today's most sought after experts. "
Plus How to identify when your risk is high by John Searle and
Top down and swing trading in current markets by Robert Kreft
Jonathan Barratt
Latest report on oil and
what the oil related stocks reveal in their charts
if you missed the presentation the complete audio and notes are available
email admin@bullsandbearsnetwork.com.au
Gary Burton
Gary will conduct a workshop on the Candlestick trading methods using the 2 time frames of Daily and Weekly charts. As the presentation is live and interactive, he will be calling for stocks to analyse and looking at potential price targets.
Based on Economic and Trend analysis a view of the current market can be formed.
The audio and notes are now available to members. 
Guests that join the club will receive the presentation and notes free.
Click on the arrow for further details.
Sunday Traders Club Sydney
June 29th
Members $15
Visitors and guests Welcome $35(which can be credited towards membership.) |
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Blog Archive
SWING TRADING TIPS FOR BEGINNERS
So you want to be a swing trader. Get in line, because a lot of other folks have exactly the same idea. In fact, thousands of new traders try their hand at the market casino each year. Unfortunately, most walk away a little poorer and a lot wiser. But things could turn out better for you if you get it right from the get-go. more
To hear Dr Elder comment on swing trading verses Trend trading click here
Trading
Two market crashes later – Robert Kreft, a story of a full-time trader
Jill Fraser - February 6, 2008
It took the loss of a massive $300,000 during the bear market of 2001 to cause Robert Kreft to come to his senses.
Declaring that from experience he has learned that human nature will usually overlook the risks in favour of the rewards, he confesses that greed drove his second foray into trading in 1999.
He got burnt during the crash of 1987 during which he lost $17,000 and steered clear of the market for 12 years but was "sucked in" again by marketing, which pushed the potential of the great wins that could be made through trading options.
"I fell for it," he says.
"I was trying to find an easy way out. I’d worked hard for years and thought, there’s got to be a better way."
Initially enticed into trading in the mid-80s by a friend who offered him trading tips, Kreft, at that stage a young man in his early 20s, was seduced and borrowed $10,000 to fund his venture.
In under three months his $10,000 had increased to $27,000 thanks to Alan Bond’s successful enterprises, into which Kreft invested heavily courtesy of his mate’s advice. "He’d ring and say, buy. Then he’d call back and say, sell. It all seemed so simple," he says.
Just days before the market crashed in October 1987 Kreft dreamt that he needed to repay the $10,000 loan. He sold on the Friday and the market crashed the following Monday.
Within a few months the remaining $17,000 had diminished to zero.
He walked away but retained a cursory interest and in 1999 began trading again prompted by the raging bull market, the technological advances and the knowledge that there was money to be made.
He began with fundamentals and in hindsight says it would have been hard to make a blunder. "It was almost a matter of throwing a dart and seeing where it landed," he laughs.
His $300,000 loss, mainly on blue chip stocks in 1999 devastated him and he concedes that facing up to his personality weaknesses - which he believes contributed largely to the predicament in which he found himself - was difficult.
Kreft adheres to the theory of US psychologist, Dr Van Tharp that trading is 60% psychology, 30% money management and 10% the system and scoffs at courses (of which he has done $100,000 worth) that claim that the system is the secret.
Today Kreft uses both fundamentals and technical analysis and disregards the notion that the two should not be combined.
He allocates 15% of his capital to trading in speculative stocks and has predetermined ‘stops’ based on the volatility of the share. "It’s called trading but I call it risk management," he says.
Kreft uses an ATR (Average True Range), which ascertains the highs and lows of a stock.
He avoids treating any two stocks the same and believes that the volatility of a stock, which the ATR measures, is the essential character of each share. The volatility determines how many stocks he can buy.
His systems score a six out of ten for accuracy. "For anyone who always needs to be right this would drive them crazy," he says. "But my wins are three times as big as my losses so I don’t have to be right all the time. It’s all a numbers game.
"One of my coaches made $1.5 million last year and his system only produces four right out of ten."
Kreft uses a number of different systems – daily, weekly, speculative – and goes long and/or short depending on the climate. On his daily system he has a 10, 15 or 30-day moving average. A strict rule is not to buy and only short sell if a stock goes below a moving average. His best month over the past year raked in $30,000.
"If I was frugal I could probably live off my trading. But I like to spend money too much," he chuckles.
Robert Kreft is the convener of the Sydney Sunday Traders Club, which is about to launch into Melbourne. For details see http://www.bullsandbearsnetwork.com.au/
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Showcasing investment opportunities
in mining & exploration
Featuring company presentations, trade exhibition and networking events
Profiting in Bull and Bear markets for Traders and Investors.The market continually changes. Therefore it is of utmost importance in understanding the simple but powerful concept of identifying trends in individual shares in specific sectors of the market. more
If you missed the presentation you can hear an edited version by clicking the link below
http://www.audioacrobat.com/note/CRjPbCgQ/
To purchase the full version including a PDF of the presentation click here
or email admin@bullsandbearsnetwork.com.au
DID YOU MISS THE SWING TRADING PRESENTATION
IF YOU WOULD LIKE TO PURCHASE an interactive version of THIS VERY TIMELY PRESENTATION
EMAIL admin@bulsandbearsnetwork.com.au
 BBN ANALYSER
For descriptions and visual examples in powerpoint format please click the above icon.For a Free Position Size Calculator click here
BBN members may click on the following link to register for the Money Management Day
One will be inSydney in May and one in Melbourne in July and one in Brisbane .Please register for either one of these days at the early bird price !
The Sunday Traders Club is a not for profit traders club that embraces learning and networking. "Traders Investors and others interested in the Australian Stockmarket can meet to network on a face to face basis. It is not to pick up investment advice, it is on how to implement your trading plan " One of our aims is to promote responsible trading via education and experience.
Please check out our BLOG it is for traders with Slip Trips and Falls stories regarding their trading journey.
We are in the initial stages of setting this up so any feed back or experience in this area will be most welcome.
SEE OUR BLOG
Bulls and Bears Network" Trading Business Plan”
For testimonials and details on how to purchase this plan click on the icon aboveThrough years of research, education, mentoring and experience Robert established that successful traders treated trading as a business and had a plan!
‘Trading Business Plan’. This is the blue print to each individual’s successful trading business. It helps you map out what suits your personality in terms of what type of trades you pursue, the approach you take to finding them and how you will manage those trades from entry to exit. It covers money and risk management, routines, structures, record keeping and much more! ‘If you fail to plan, you plan to fail’!
Trading is a business. As with any business in order to run it successfully it is essential that you maintain good records. The BBN Analyser is a specialised trade and risk management tool designed to make it easy to manage your trading systems by effectively tracking, analysing and evaluating your performance in the market.
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