| Event Details (English Training) |
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| COURSE OUTLINE |
| November 24th, 2012 |
B-Suite Hotel, Penang
RM 380
RM 300 (Group of 3 or more)
RM 250 (In-house)
To register, please contact Ms. Yap (03) 8941 6828 or (017) 388 3818 or email: info@straitsindex.com before 22/11/2012 |
| 9:30am - 10:00am |
Registration and Breakfast |
| 10:00am - 11:00am |
Price Action Analysis Part 1
This section will cover the following:
1. The memories and regrets, fantasy and guilt of traders associated
with the changes of price movement and breakout of resistance and support.
2. What makes an ideal trend? The study of it's rally or decline, volume, and consolidation.
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| 11:00am - 12:00pm |
Price Action Analysis Part 2
This section will cover the following:
Types of Breakouts and Their Psychological Effect.
Type 1: Breakout from a Downtrend line (Diagonal Line)
Type 2: Breakout from a Consolidation (Horizontal Line)
Type 3: Breakout from a minor correction preceded by an existing uptrend.
Type 4: Breakout Historical New High. Spotting for entry points, setting up a maximum risk cut loss point, and applying suitable trailing stops method.
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| 12:00pm - 1:00pm |
Lunch Break.
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| 1:00pm - 2:00pm |
Trading Psychology, an Awareness of our Trading Behaviors Part 1
This section will cover the following:
1. The definition and the mental unity of crowd, and its differences from a stand-alone individual.
2. An awareness of the basic human emotions, from the ancient to the present, the Greed, Fear, and Regret in stocks trading.
3. The unveiling of the double standard and the unconscious trading urges, from boredom, rage, revenge, duress and to egoism.
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| 2:00pm - 3:00pm |
Trading Psychology, an Awareness of our Trading Behaviors Part 2
This section will cover the following:
The discussion of the impracticality of predictions and our poor perception of randomness, the danger in over-rationalization, and wishful thinking in using technical analysis.
The search of a perfect money making formula to outsmart the market, and the mental laziness of blindly following automated Buy-Sell system.
Finding the priority and the mental focus when making a trade.
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| 3:00pm - 3:30pm |
Tea Break.
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| 3:30pm - 4:30pm |
Position Sizing and Capital Management Part 1
This section will cover the following:
1. Understanding the non-linearity of price movement, both arithmetically and logarithmically.
2. Disclosing the true risk in Martingale Betting System, and the hidden risk of averaging down that appears to be low-risk.
3. Averaging Up and Other People's Money, a low-risk capital management that seems to be risky to amateur.
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| 4:30pm - 5:30pm |
Position Sizing and Capital Management Part 2
This section will cover the following:
Position Sizing Strategies:
Case Study 1: A lump sum method.
Case Study 2: Lump sum then Sizing Down method.
Case Study 3: Sizing Up with Reducing Amount.
Case Study 4: Sizing Up with Equal Amount.
Case Study 5: Sizing Up with Increasing Amount.
Handling Losses:
Introducing the Kübler Ross model, cutting losses like a business plan, and how to handle the burden of re-entering a trade after exiting.
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| 5:30pm - 6:00pm |
Conclusion, Questions and Answers |
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B-Suite Hotel
B Tower, Bayan
Point, 19, Medan
Kampung Relau,
11900 Penang,
Malaysia
Map to B-Suite
Google map
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