Mission

The Day Trader is transparent.

There are no “secrets” – Darryl will teach you all he knows.

You are taught by a professional trader with many years of experience - not a theorist - not a slick salesman. 

Darryl is someone with the skill and confidence to publically trade his own portfolio. That’s his own his money.  His own decisions published every week nationally.  His own analysis of what the market is doing. The Melbourne Herald Sun, one of Australia’s favourite daily newspapers, has had him as one of one of their financial columnists for more than 11 years.  

Darryl enjoys teaching people to take care of their own money. He believes that stringent risk management is key and that protection and slow and steady growth of capital is the way to go.

We don’t promise impossible returns. We don’t promote leverage.  We don’t encourage irresponsible risk. You are taught by someone who has seen many cycles of the market, both good and bad. We show you how to protect your capital. We want you to confidently take personal control of your trading decisions and control over your finances.

Darryl has never believed in being in the market just for the sake of it. If the signals are not right, he won’t make the trade. You will learn what those signals are.

 

Here's what Darryl has to say about his technique:

My technique is based on technical analysis, or charting. You don’t have to watch the market during the day – indeed, it’s preferable you don’t. All you need is off the shelf software and a data provider. 

But you do need discipline. You must exercise your stops. You must do your market scans. You must expect to have trades go against you.

Years ago in my own trading and broking, I became intrigued by technical analysis. I realised I could anticipate market movements that my fundamentalist colleagues were missing, to the detriment of their clients.

It was apparent many people lost money because they refused to sell at a loss, even when the market was against them. The trend really is your friend – especially if you understand what it is doing.

It was also apparent the market was hard to read purely on the basis of fundamentals; especially a volatile market, like the one we are in now.  Technical analysis takes away the “static”:  you see what the money is actually doing, not what it says it is doing.

I read exhaustively, experimented constantly, revisited my successes and mistakes and gradually developed my own charting trading system.

I wanted a practical, time effective, technique, where most of a trader’s time would be spent out of market hours – I’ve got better things to do than watch a screen.

It became obvious that risk management was a primary concern. Risk management literally determines the success or failure of a trader. Yet there was very little useful information about it, so I developed that as part of my technique and it forms a crucial part of my 10 steps.

If you’ve looked at technical analysis before, you’ll know it’s a huge field – candle formations include three black crows, an island reversal and dojis, just to throw in some favourite names. Or if you’re into Gann, there’s spirals, fans – whole universes. There are also oscillators, indicators. Then there’s Elliott waves and Fibonacci. I studied them all.

Then over time I refined my own technique down to 10 straightforward steps. I distilled and modified the best of everything I’d learnt. Along the way I was also developing my own ideas.  And there’s not one island reversal or spiral in it. 

Technical analysis satisfies my objectives: it removes emotion, it telegraphs what the market is actually doing rather than what others say it is doing, and it makes risk management easy.