Columns

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 November 24 – 2010

Last Thursdays sharp fall in the market saw four stocks close below their stops and several others suffer big falls on the day.

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Day Trader column for November 17 – 2010

Last week saw our market fall back all week and test the September October highs for the last three days of the week. A break below this level will put the present uptrend in serious doubt.

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Day Trader column for November 10 – 2010

The top end of our market continues to drag the chain. Most of the movement in the higher market capitalised stocks is coming from the resource sector.

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Day Trader column for November 03 – 2010

Last week our market formed a reversal candle to the downside on the weekly chart. However, as there has been no uptrend in place for several weeks, it is possible this is only indicating further sideways movements in the market.

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Day Trader column for October 27 – 2010

I am still waiting for the All Ords to close above 4,773 and when that happens I expect we will see it move to 5,000 fairly quickly.

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Day Trader column for October 20 – 2010

The All Ords had a volatile week last week. It was down seventy points on October 12, recovered that loss plus a bit two days later on October 14 and closed the week just above the weeks open.

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Day Trader column for October 13 – 2010

Last week was a good week for the market and an even better week for our portfolio which increased around $19,000.

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Day Trader column for October 06 – 2010

The daily signal for me to get serious about the market formed on Monday September 27.

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Day Trader column for September 29 – 2010

As stated last week, because the market had formed the weekly pivot point I had been waiting for and the market looked strong I started buying before a pull back and a daily pivot point (my usual confirmation the uptrend has resumed).

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Day Trader column for September 22 – 2010

Well at long last, the Weekly Pivot point I have been waiting several months for was formed last week. This tells me the time is right for me to start buying back into the market.

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