Darryl Morley is a well known and respected newspaper columnist and professional trader, who is a former stockbroker. He has been writing his avidly followed Day Trader column on trading and technical analysis for the Melbourne Herald Sun and the Hobart Mercury for over 11 years.

Darryl is likely unique, in that he actually writes about his own trades, his reasoning for selecting or rejecting certain stocks, how he sets his targets, his stops, his exit strategies. He’s also not shy about staying out of the market if the signals are not right and explaining why. This is very different from most talking heads, who are not dealing with their own money.

New columns are updated to this site every week.

These columns are written and published as a chronicle of Darryl’s trading. Any information provided is of an educational nature only. Please note that we are NOT a stock tipping service, either through the newspaper column nor through the workshops. Our hope is that by watching and learning from Darryl’s trading technique, you can start to learn to take control of your own finances, which we believe is especially relevant in today’s turbulent market.

Day Trader column for February 23 - 2015

Our market still seems to be getting on with it. Last week the All Ords traded just above 5,900 and the ASX/S&P 200 traded close to 5,950. After the daily action last Thursday and Friday I am expecting a pull back this week for the market to consolidate before it moves to the serious resistance level of 6,000.


Day Trader column for February 17 - 2015

It now seems clear the market has decided to resume the uptrend. 6,000 on the All Ords seems very likely in the near future.


Day Trader column for February 10 - 2015

The indecision in the market I spoke of last week seems to have been decided in the positive. Last week the market clearly broke above the highs of last August and September and now it looks very much set to go much higher.


Day Trader column for January 27 - 2015

Well it turns out a week is a long time in the market. Last week there was hardly a stock that looked positive and many, many stocks both large and small had formed weekly pivot points to the downside. Most were also on increased volume suggesting further falls to come. Then out of the blue we have the announcement that there will be massive quantitative easing in Europe and the turnaround in many markets including ours was instant


Day Trader column for January 20 - 2015

Before Christmas I stated I would be away from internet access for several weeks and hence market access. Well I am now back from the Southern Ocean and it appears I have not missed much.


Day Trader column for January 13 - 2015

Following on from last week’s column where I looked at the places on the chart where the buy patterns I look at form the overall picture. By viewing the setup as a picture and getting the small number of pictures of interest fixed in my head, it makes it very easy to scroll through a large number of charts very quickly.


Day Trader column for January 6 - 2015

Welcome to 2015 and I wish you all a very prosperous year ahead. As promised, this weeks and next week’s column will be a potted version of my trading methods with some market asides thrown in for good measure.


Day Trader column for December 16 - 2015

We often see our market run up into Christmas but this year it looks very much like the market will continue its current trend and trade lower. I hate being the bearer of bad tidings, but the 5,000 target is looking likely to be reached sooner rather than later and if that is broken then the next support level is 4,600.


Day Trader column for December 9 - 2014

Another week where our market rallied for a few days then fell on Friday. The result for the week was a small rise of twenty odd points after a fall early in the week of more than one hundred points. This sort of volatility is often seen before a market fall, which makes it tough for me to trade. It is the sort of market intraday traders who are nimble on their feet can find stimulating but can lead to serious losses if trading low volume stocks or financial instruments.


Day Trader column for December 2 - 2014

The week before last, our market indices had a weekly pivot point to the downside. Last week after some indecision and volatility for most of the week, it certainly got on with it on Friday. Most market sectors had a bad week. The tech stock indices reversed last week and the only index to really outperform was the health care index. The oil stocks and consumer staples took a real battering and it looks as though there is more to come.