NOTICE OF EXTRA MONTHLY MEETING

AUCKLAND COLLEGE OF EDUCATION
J2 Lecture Theatre
Epsom Campus
74 Epsom Avenue, EPSOM
Parking: Gate 3 (ample parking)

WHEN: Thursday 19 November 2009

Time: 7:15pm for 7:30 start

Keynote Presentation: Ed Purmals

Topic: Intraday Trading and Short Term ( 1-5 day ) Swing Trading

Ed is a member of the CSTA (Canadian Society of Technical Analysts) and is an aggressive day trader who utilizes swing trading when directional momentum presents itself. He makes an average of 30 to 50 trades a day with a $ value of between $400,000 and $700,000 Canadian daily, last year turning over $90,000,000 in share value.

His topics will include:

-The pros and cons of short term trading
-Requirements for day trading- personal, financial, emotional, hardware, software, brokerage accounts
-Requirements of a stock to qualify as one that he will trade
-Pre market routine: work and research needed to be done before the market opens
-His favorite trade set ups and how he find them
-Daily work sheets: my worksheet for the markets each day, my end of day daily trade sheet and performance
-Important times of the trading day: pay special attention to these
-Journaling: a must. If one continually improves on their executions the results take care of themselves
-When to hold stocks overnight and when to close out your position before the close
-Shorting: One must be comfortable shorting for day trading – the benefits and the risks
-Interlisted stocks: how to take advantage of currency fluctuations
-Multiple time frame charts to determine support and resistance
-Indicators: all do the same thing – they show relationships
-The Theory of Relativity – how it applies to all trading styles
-Entry and exit prices-stay away from the wholes and halves
-Order types and which ones he uses
-Patience: the secret ingredient
-Discipline: sticking to your trading plan
-Emotions: Understanding the importance emotions have in trading
-FEAR: fear of loss, fear of missing out-both with destroy you
-Mistakes he used to make
-Review of the mistakes he still makes
-Staying healthy as a trader: mentally, emotionally, physically, financially, avoiding burnout

Ed is interested in making contact with New Zealand traders. Contact us if you would like Ed’s contact details.

NOTICE OF MONTHLY MEETING

AUCKLAND COLLEGE OF EDUCATION
J2 Lecture Theatre
Epsom Campus
74 Epsom Avenue, EPSOM
Parking: Gate 3 (ample parking)

WHEN: Thursday 26 November 2009

Time: 7:15pm for 7:30 start

Keynote Presentation: Will Slatyer

Topic: The Speculative Strategist – Strategies that underlie technical operations by investors and speculators

Will Slatyer has made many presentations to the ATAA and IFTA. In this presentation he will show the strategies that underlie suggested technical operations by investors and speculators. Will will show the basics of his technical trading system that has improved on that published in the “Speculative Strategist” (out of print but maybe available on Amazon.com)

He will start with the definition of investment by Benjamin Graham, a respected American investor and teacher who in his 1934 textbook “Security Analysis” stated: “An investment operation is one, which upon thorough analysis, promises safety of principal and an adequate return. Operations not meeting these requirements are speculative”.

This definition suggests the split of traders funds into investment as a self managed superannuation fund and a speculative fund designed primarily as a feeder fund for investments.

An investment fund is a slower moving vehicle that can be operated on a monthly basis with weekly monitoring. Will’s international investment policy is to invest in the strongest market in the strongest currency. In the current climate the strongest market is non-US dollar stocks and the strongest currency has been the Australian dollar. Will this last? Technical analysis allows the correct choice of markets and provides the important exit strategy. Those who wish to limit themselves to New Zealand or Australia can use the template to formulate their own strategy.

Will suggests that speculation can be used to feed the investment fund. He prefers speculation in commodities mainly in the USA for the prime reason that these markets provide the depth necessary for a good return. The strategies that he will demonstrate can be adapted to trading individual Australian stocks in a similar manner to that shown to ATAA Adelaide and Perth earlier in 2009.

The presentation will provide a template for individuals to form much safer strategies for their financial future.

Will Slatyer’s latest book is “The Debt Delusion” by Universal Publishers, Boca Raton, Florida and is also available as an E-Book from Amazon. The 2008 credit crisis was an early forecast for 2007/8. The graph from the book will be used to explain long term forecasting that should underline an investment plan.

Please invite your friends to come.

DVDs and Videos will be available to hire from Warwick.

Coffee and biscuits follow the meeting where it is an opportunity to talk to other members. The committee looks forward to seeing you and remember visitors are always welcome.

Door charge: $10 for members $25 for visitors Membership $75

OUR MOTTO for the year: REALISTIC PROFITABLE TRADING