For many years a substantial group of active investors have been meeting as Brisbane Sunday Traders. The meetings are usually held the first Sunday morning of each month and are mostly made up of people who subscribe to Alan Hull’s method of trading called Active Investing. Those who follow the rules of this method of managing their own investments find that they usually outperform the market by a substantial margin without having to devote more than an hour or so on the weekend to the task of deciding what buying or selling needs to be done. Often there is nothing to be done.
After the meetings small groups of members would meet in the coffee shop in the meeting complex to talk about their experiences in trading. I had subscribed for a while to the Alan Hull newsletters and started attending the meetings. This was shortly after I had first started trading CFDs and had made a very substantial profit. As we discussed CFDs both during and after the meetings it became obvious that there were a number of people attending the meetings who were very interested in trading as well as Active Investing.
As time went on there was great interest in organised meetings for sharing ideas regarding more active trading. I floated the idea of a trading club and meetings were held to see what the possibilities were. Various structures were examined to see how this could be implemented but there were problems that made it too hard.
In the end we decided to incorporate the club under Queensland jurisdiction so it can have its own funds. To do this it would have to be a not-for-profit entity so that members could not derive benefits from any profits the club makes from trading. Seeing the aim was to help each other become better individual traders rather than profit from trading as a group, this was no problem and it was decided to donate any trading profits to charities.
After this decision was made one of the members suggested the name Traders for a Cause and it was unanimously decided to adopt this as the club name.
In April 2008 the incorporation was completed and soon after that the domain name tradersforacause.org.au was registered.
Currently, regular meetings are held monthly. Visitors are welcome and there is no need to book. The cost of attending a meeting is $10. For those who wish to attend regularly it is necessary to join and the cost of annual membership is $5 which also gives access to the members' section of the website. It is a requirement of Incorporation to notify those intending to join that the club does not have Public Liability Insurance.
All profits from meeting fees and dues are used to increase the size of the club trading account and profits derived from trading the account are distributed to charities.
President - Traders for a Cause Inc.