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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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Sunday Alan Trench
November 30th 2008
Sunday 10am - 12.00pm
Harbord Diggers Club
Evans St Harbord
Alan Trench is a co author of the book Top Resource Stocks 2009.
He will be covering where we are in the rescource sector and what to look out for next year
Robert will complete with the market wrap
We will have a swapmeet at the end of the meeting so bring along any used trading books and or trading material that you want to sell or swap to other members.
We also invite you downstairs for a christmas drink and lunch
Special Event
December 11th 2008 Live Trading Night with authorised representatives from the Broking community including Gary Burton and Jonathan Barratt .We will look at the commodity sector and Blue Chip shares.
Dinner will be available down stairs from 6.00pm and we will start upstairs at 7.30pm through to 10.00pm members $60 a couple or $50 a single.Visitors $90 or if you join the club on the night entry is free
January 09
The Charting Without Pain series by Alan Hull and presented by BBN will start. This is a chance for beginners to go back to basics and start with your glass empty.
Please mailto:admin@bullsandbearsnetwork.com.au to find out more and book your place as seats will be limited.
Financial Markets as Complex Adaptive Systems
Alan will explain the theory behind Complex
Adaptive Systems and will then apply this
understanding to the Australian stock market and other key global equity markets. He will also outline how this knowledge can enhance the use of technical analysis by identifying the most appropriate trading tactics and indicators for any given situation.
If you missed this great talk email admin@bullsandbearsnetwork.com fro the audio and notes members price $30
Davin Clarke did a great talk
Davin will be taking us through his profitable trading system that he uses day in day out.
See how you can apply his style to your time frame.
This is a rare opportunity to listen to a trader that will explain in plain language what he practices powerpoint available
Guests that join the club will receive the presentation and notes free.
Click on the arrow for further details.
Sunday Traders Club Sydney
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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Dear Members, I just wanted to let you know what a great talk Alan Hull gave last Sunday. He certainly has been doing some research and is able to put the complex market into perspective. At lunch afterwards the table was buzzing with remarks such as “excellent talk” “very inspiring” “clear and concise” “Great job in explaining such esoteric material”
We have recorded the session and will make it available to BBN Members (at a price of $30 ) via mp3 download along with 20 pages of notes on The Financial Markets a Complex Adaptive System by Alan Hull.
To receive this great package email admin@bullsandbearsnetwork.com.au
For non members that have not attended a meeting we have organised a great package for you as we appreciate that some people may not be able to attend the Sunday meetings. For the price of $110 we will make you members of the club which means you can purchase future recordings at members prices for the next 12 months.Inclusive of this price we will send you the latest Alan Hull Package and recordings of prevoius meetings including Colin Nicholson,Robert Kreft,Justine Pollard and Gary Burton.Just email admin@bullsandbearsnetwork.com.au for payment options
Alan also has the following course see below. I believe this is a great way to have coaching/mentoring from such a great trader and communicator. If you would like further details just email admin@bullsandbearsnetwork.com.au
Crash courses in share trading work as well as crash diets...so learn to trade shares and derivatives in your own home and at your own pace
This home study course is undertaken over a 12 month period for a very good reason; you need time to practice in the simulated trading account what you learn from myself, Lousie Bedford, Jim Berg and Stuart McPhee. And unlike the Stockmarket at the moment, there's little risk because we provide a 30 day money-back guarantee. Furthermore, for the duration of this course you will know what my view of the market is and in particular which shares I'm buying and which shares I'm selling' - Alan Hull
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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
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.
BBN ANALYSER
For descriptions and visual examples in powerpoint format please click the above icon.
The above tools will give you a great advantage in the market
We teach, coach and mentor people how to become independent in all aspects of the stock market. (Not financial advice). Either Investing ,Trading or both.
For a one on one web conferencing sessions email admin@bullsandbearsnetwork.com.au
Neil from BBN invites you to join him in a free One on One Web conference.
Times you can choose from are each day at 11.00am or 2.00pm.
Trading topics to choose from are:
· Trading platforms; Web Iress, Falcon Ig markets
Software; Bullcharts , Metastock, Falcon Trader
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BBN Analyser ; Position size, Stop loss methods, Risk analysis
Trading Plan Tactics;
· Commodity Review;
· General introduction to Trading ;
This is your opportunity to experience how a trader goes about his daily business of trading
Please indicate what day, time and subject suits yourself.
For audio purposes please include a contact phone number.
I will send you an official invitation once you have confirmed your readiness to participate
Please follow the prompts below to check that your computer is ready.
If you have any questions or need assistance, contact Neil on 0414686646
Regards and Good Trading
Bulls and Bears Network
Neil
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