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A short email to let you know I will be speaking at the Newcastle ATAA on the 9th August (free for first timers and just $30 for repeat visitors)

What I will be talking about:

In this discussion Peter will present some historical results that shows why he trades the way he does, and where the probability is in the market. It may not be for you, but I guarantee after this lecture you will go away really thinking about what you do, how you can improve your trading and understanding of what you have been doing has not been working....or make your successful trading work even better!

Some discussions in the lecture will be:

Comparing seven different breakout buy signals and which ones works best
Comparing stock prices and what works best for weekly trend trading
Comparing stocks with fundamentals v ones without....does it really matter?

Also Peter will discuss his favourite topic, how to reduce stress and worry in the market, the main reason traders fail to stick to a system. Not sticking to a system is the main reason traders fail in the market.

Below is a link to the ATAA home page

http://www.ataa.com.au/

Also a reminder about my upcoming courses, details are below

Saturday  6^th September in Sydney

 Saturday 20^th September in Perth

   Weekly trend trading on the ASX

     Gain Clarity and Confidence in your Trading Method

A lot of traders or investors are incredibly frustrated and disheartened by trading or investing in the stock market. Despite their intelligence and good intentions they have no idea where to really start or what to do to develop a winning method. They become anxious, fearful, lack trust in market coaches and financial advisors. Worse still they lack trust in themselves. Despite being ambitious, deep thinking, cautious or bold, and often very successful in other areas of their life, market success eludes them.

There are 2 reasons why market success eludes most people.

1/ they don’t have or know a winning method that suits them

2/ if they do know a method …they don’t stick to it, and that problem relates to the first reason.

A fundamental component of trading is having a clear mindset. This course will teach you the tools to trade a weekly tend trading system. It will also help you examine and identify the ideal choices when trading to suit your personality, weakness and strengths.

             18 years worth of trading and lessons learnt: My story

   When I started trading nearly 20 years ago I made all the mistakes. I was impatient, short term traded, over traded, was continually distracted and indecisive about what time frame to trade, or even what to trade. I was always anxious, grasped for solutions, took too much risk and paid the price. The result was thousands (many) of dollars in losses and a life of up and down emotions ruled by the market. I had no system, over traded in often highly speculative instruments. I traded everything from commodities, to options, FX, CFD’S and futures, continually changing trading “vehicles” looking for an easier ride. If it moved, like a gunslinger I tried to shoot it. The problem with gunslingers they don’t survive long. There are old traders and bold traders, but not many old bold traders. I wanted to be a survivor. If I wasn’t in the market I was out, wondering what to do.

After many years I decided I did not want to spend all my time glued to a computer screen on a daily basis, it was no good for my physical and particularly my mental health. I wanted to spend more time doing the things I liked, to help myself and others. Research and development work, reading, travel, keeping up with technology, family, relationships and volunteer work were more important to me. Particularly reducing stress so I could be more “present” in those personal situations, rather than thinking about the market all the time. To achieve that I converted to weekly trend trading systems.

Weekly trend trading systems produce less trades and more profits than most daily systems. They teach you an understanding of where the big money is made…in the major moves. You learn to trade with more patience, acceptance and less anxiety. You have more time to think about your decisions, because trades are normally executed on a Monday morning, giving you the weekend to think about things. As you learn to drop your unhealthy obsession with the market, the profits gradually come in, raising confidence and a realisation that trading can be a winning game. You also do a lot less trades, less paperwork and pay less brokerage. Your focus changes from grasping small infrequent profits to seeing the bigger picture of how trading works

  Who should do this course

Most of my clients and students are people already trading or investing in the market, however some are rank beginners.

They either don’t know where to start or are stressed out, overtrading, confused and feeling stuck, frustrated with trading.

I work with the technical and fundamental side of trading as well as the psychological components of trading to help them achieve their objectives

   Prior knowledge

Some existing knowledge of trading is a recommendation for you to do this course. If you are unsure if you have the level of knowledge to attend, contact me anytime to discuss your concerns. Contact details at the bottom of the page.

 Learning outcomes

There will be two systems taught at this course,

A medium term system suited to medium term trading or investing, focusing on minimum trades with maximum return.

A longer term system suited to a core holdings strategy or super funds.

All systems will have statistics and results tested over different time frames and indexes so you know what to expect when trading the methods taught. Most traders don’t know what to expect when they start trading, they just hope. Knowing information like what the systems maximum pullback is, maximum winners and losers in a row, winning percentage of trades taken and percent p.a return stops you flying blind and then panicking at exactly the wrong time.

Most traders cant stick to a method because they do not know anything about the historical performance of what they are doing, so they get easily caught up in the emotion of the market. Trsaers that know the historical performance of their method panic less when the market produces the uncertainty it is so good at doing.

      Some of the topics covered will be

Why trade the ASX? Are shares a better trading vehicle for Aussies?

Portfolio trading and management as opposed to trading one stock at a time

Objectives

Time frames (weekly v daily) what’s best for you?

Why weekly

A look at 2 systems (more than 2 if time permitting) with rules and historical statistics supplied

Entry

Position size

Exits

Sector Allocation

What stock prices are best?

What fundamentals are best?

Example of portfolio costing and financing

Sticking to it (psychology)

Why people don’t stick to it (more psychology)

Lessons learnt in 18 years

What you need to do now

Question Time

  A note to those interested in Daily trading.

Every trader I meet wants to know how to trade short term. The allure of a quick profit is arguably the most intoxicating experience for a trader. I repeat here that this not a daily trading course, but here are two golden tips for you about shorter term trading, and how an understanding of weekly dynamics will assist you if being a short term trader is your goal.

1/ The more you shorten your time frame in trading the more you reduce the probability of winning (so in other words you are probably making it harder for yourself emotionally and financially daily swing trading rather than weekly trading)

2/ One of the safest and best ways to short term trade is to buy dips in uptrends, particularly in a strong market.

Daily trading successfully is not impossible, but it is difficult and it sure helps if you know what to look for.

What you need to do to create profit is INCREASE WINNING PROBABILITY, this is how you do that.

Identify when the market is strong or weak

Identify a strong weekly stock trend first (before you even look at a daily chart)

Identify a stock with good fundamentals to Decrease the chance of a nasty surprise fall

Identify a low risk opportunity

Identify a high probability trade

Learn risk control

Learn about position sizing (or bet size)

  So what’s the best way to learn all that?

Learn how to weekly trend trade first! I used to be a spray painting TAFE teacher, you don’t pass the spray gun to a 2^nd year apprentice to paint the bonnet of a late model BMW, because the probability is a costly mistake will be the result.

You need to learn to walk before you run, the best way to do that is to learn what makes a strong trend, learn to identify when the market is in your favour, narrow your search down to just a few dozen good strong stocks that give the best probability of return.

After you weekly trend trade for a while, the penny begins to drop in your mind as to where the probabilities are on a daily scale. Then, and only then, have a crack at daily trading. If you are not making money daily trading then for your financial and mental health, I advise you to stop and consider a weekly method, learn where the probability is in the market.

     What others are saying

I'm still running my version of your system, which (thank you) is starting to pay dividends.

So, thanks again for the guidance and moral support over the last few months. The psychology is still 80% of this game.

Regards,

Phil NSW

Peter,

You spoke to the Melbourne ATAA last year – a presentation that I found very interesting.

 Thanks

 Richard

I have been a long term buy and hold investor for 10-15 years but after the GFC have been looking more seriously at trading. Have attended a few Gann style trading courses and subscribed to ###(deleted for privacy) newsletters as a starter. Your approach seems to make a lot of sense.

Paul NSW

Thanks for getting back to me Peter. I spent today going over your website and e-book. I found it really interesting and I connected with your no bullshit way of writing. I have grown disheartened over the years with how many 'great traders' are actually great sales men and bull shit artists.

Brad S.A.

hi Peter, 

Thanks for your responses, much appreciated to be reminded that opinions are just that. Also, in regards to your last comment it occurred to me that sticking to the system requires not only discipline but also trust. I need to be giving the latter more reflection. 

Its comforting to hear that others are anxious about the recent performance of their portfolio.

All the best, 

Christina VIC

Hi Peter,
Thank you for replying. The system I am currently using, only for a short time is very like the system mentioned on your website ,I have spent many years not succeeding in the market and needed a simple system while battling by own mental demons.

David. Sydney.

Peter, your messages are much appreciated- and I still am using your system.

Cheers

Vernon. A.C.T.

Peter,

I have done some testing over the weekend (long weekend in Perth) and I am very impressed with your fundamental scan criteria. The most telling sign for me though was that about 90% of my winning trades from the last 12 months has come out of your criteria: Overall I think your scan criteria is awesome and I cannot fault it. You have also convinced me to not touch another stock that does not meet the above criteria. I am now cured.

 Cheers , Jim. W.A

. Hi Peter. We met in Adelaide. I have to say how much I enjoyed the simplicity of your system and that I am using it more and more.

Thank you. Larissa S.A.

"Good value, no nonsense."

Dennis, (past course attendee) Caves Beach NSW"

   Cost

The price for this course in Sydney is $490

( see bottom of page to book)

Time 9am to 5pm

Course notes supplied

Includes morning tea, lunch and afternoon tea

                          Where: The Vibe Hotel Sydney on the 6^th of September.

Those travelling interstate can choose to stay at the Vibe for a discounted rate, upon booking mention that you are attending the course.

 Vibe Hotel Sydney

Perfectly positioned in the heart of Sydney CBD, Vibe Hotel Sydney is surrounded by Sydney’s premier attractions such as Hyde Park, Chinatown, and Centrepoint Tower as well as minutes away from the exciting suburbs of Surry Hills and Darlinghurst.

111 Goulburn Street , Sydney New South Wales 2000, Australia

Tel: +61 2 8272 3300

Fax: +61 2 9211 3381

sydney@vibehotels.com.au

  Perth 20st September

Cost

The price for this course in Perth is $530

(unfortunately due to added costs the Perth course is a little more expensive)

Time 9am to 5pm

Course notes supplied

Includes morning tea, lunch and afternoon tea

    Booking for either the Sydney or Perth  course

Sydney $490

Perth   $530

Please book and pay as soon as possible, I like to keep classes reasonably small so it will book out.

Please pay by ETF to

Peter Castle

Bank CBA

   BSB  062 659

ACCOUNT NUMBER  1027 8267

Please put your name in the reference box

  About me

If you want to know more about  me click or copy and paste the link below for a short Bio

http://www.easysharetradingsystems.com.au/Peter-Castle/about-me.html

More info required?

Contact me on  0403821523 or simply reply to this email.

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