DAYTRADER

Chart Forum » General » DAYTRADER

«« Previous Next »»

Thread Start New Thread
Last Poster Posts Pages Last Post

Author

Message

eblode

Member

Post Number: 403
Registered: 11-2002

Rating: N/A
Votes: 0


Wednesday, May 16, 2007 - 08:52 am:

DAYTRADER this week gained $5,243, a total of $130,440. He bought 15M SDL.18, 5M CQT .84,10M MGU .28, 10M ONC.49,
and 15M YGL.18 last week. This week he bought 10M ROY .39,
EKM,KMN,WRK (no figs) Present portfolio, WMT,AGM,WSA,VRE,RMS,ESG,DYL,AED,SDL,CQT,ONC,YGL,MGU,PDM,ROY.Happy trading
Eugenio

eblode

Member

Post Number: 406
Registered: 11-2002

Rating: N/A
Votes: 0


Wednesday, May 23, 2007 - 07:51 am:

DAYTRADER gained $1,558 this week bringing his total to $131,998.His original capital was $50,000. July 2006.
Last week he bought EKM .50 10M, KMN .98 5M, WRK .40 10M.
Sold VRE .40, RMS 1.81, DYL .58.
Present portfolio WMT,AGM,WSA,ESG,AED,SDL,CQT,ONC,YGL,MGU,PDM,ROY,KMN,WRK,EKM Happy trading,
Eugenio

eblode

Member

Post Number: 407
Registered: 11-2002

Rating: N/A
Votes: 0


Wednesday, May 23, 2007 - 07:54 am:

RE: DAYTRADER, THE ABOVE ANNOUNCEMENT DATE SHOULD BE MAY 23rd

macca888

Member

Post Number: 174
Registered: 10-2002

Rating: N/A
Votes: 0


Wednesday, May 23, 2007 - 03:08 pm:

G'day eblode

I'll pick up my copy of the Melbourne Herald Sun tomorrow morning. Thanks for the update as a post.

I beginning to wonder why there is not more interest in this thread. Here we have a guy (Darryl Morley) who publishes all his results (which are impressive, in my opinion) and we don't have a single post other than yours on the thread. Not a single query or comment!
Does the forum need a defibrillator?

Could it be that most people have no need of this style of trading and the commensurate returns? Have they all sold in May and .........
Are most people doing better than this guy?
Or are we all beavering away privately at our desks trying to work out his methodology?

Perhaps the threads location under General is the problem.
I think it would be better placed under Trading Systems or Stocks ASX - Short Term: (strictly TA).
What do you think?
With your agreement perhaps Colin could move it to another area?
Regardless, I'll try to put up a post tomorrow.

Thanks for starting it. Hope we see more participation soon.

888

"Buy low, sell high is a cliche, not a blueprint for action. It blinds investors to the professionals' approach of buying high and selling higher." Stan Weinstein

"A prudent speculator never argues with the tape. Markets are never wrong - opinions often are". Jesse Livermore

"The only sound reason for buying a stock is that it is rising in price.
If that is happening, no other reason is required.
If that is not happening, no other reason is worth considering".Nicolas Darvas

zorba

Member

Post Number: 166
Registered: 12-2003

Rating: N/A
Votes: 0


Wednesday, May 23, 2007 - 03:27 pm:

I'd certainly be more interested in the 'Day Trader' if I could read the column on Wednesday mornings - but alas, not even i/net access.
Darryl has a web site :
http://thedaytrader.com.au/Day%20Trader%20Home.html
but there's nothing on it.

As the Irishman said, 'Anyone who's not confused here doesn't really understand what's going on'.

eblode

Member

Post Number: 408
Registered: 11-2002

Rating: N/A
Votes: 0


Wednesday, May 23, 2007 - 04:57 pm:

888,
For years I have wondered the same thing. The guy gives the mug in the street the greatest format to follow and hardly anyone on this thread is that interested. Suits me.
I'm making profits with some of his buys. This year alone I bought AGM,ESG,RMS and I'm laughing. But for the mug who knows nothing about the market he could of cleaned up just following DAYTRADER and doing nothing else. The guy has doubled his money in 9 months. Anyone out there that has done better??
Eugenio

macca888

Member

Post Number: 176
Registered: 10-2002

Rating: N/A
Votes: 0


Wednesday, May 23, 2007 - 07:10 pm:

G'day zorba and eblode

Yep zorba. Checked out the website soon after eblode mentioned Darryl.
Darry publishes on Wednesday of each week in the Herald Sun but the info in his column is only current to the previous Friday. That can't be a lag between submission of copy and printing so I suspect the lag is to get around the laws relating to handing out financial advice.

Common to Darryl's holdings I currently maintain holdings in AGM, SDL as well as a positions in ROY and VRE still. While ever these are not the best returns I maintain in either $ or % terms, they are considerable. These positions or holdings were not entered because of or necessarily after Darryl mentioned them.

His stockpicking interests me but his management of risk and exits are what I would like to investigate further as time permits.
Ive set up a project and watchlist named DAYTRADER and am recording his positions, entries, targets and exits for further investigation.

Over the years of the forum that I have been involved there have been many requests from contributors about how much money can you make from trading.
We're often regaled with the idea that buy, hold (and pray) is the best methodology.
Now I would never ask anyone their personal business but the proof is being published every week, for those interested, of the returns possible from trading.

I suspect we will be deafened by the silence of the replies to you last question, eblode.

Will try to post tomorrow again.
We're having Pees for dinner.
Pasta, pesto, pinenuts, proscuitto and parmigiano.
Something quick before the footy starts.

888

ken

Member

Post Number: 456
Registered: 04-2003

Rating: N/A
Votes: 0


Wednesday, May 23, 2007 - 10:16 pm:

Eblode, and macca888, just to prove you wrong -

I've doubled (108%) since the low in September, on each of 2 completely different systems and portfolios, short term and medium term.

Regards,

Ken

lylo

Member

Post Number: 8
Registered: 03-2007

Rating: N/A
Votes: 0


Wednesday, May 23, 2007 - 11:36 pm:

Eugenio..
One more thank you for your posts
The Day Trader tips are good food for thought,
maybe the horse has bolted on some of them ?
and your personal recollections are really some reading !!
I hope to read many more.........
.........cheers

macca888

Member

Post Number: 178
Registered: 10-2002

Rating: N/A
Votes: 0


Thursday, May 24, 2007 - 08:13 am:

G'day ken

Nope. You haven't proved me wrong but you have provided another confirmation of the possible returns from astute trading.

I know you "work" at it ken by the lack of your posts in more recent times. I'm just happy to hear of what I see as another successful trader.

All the best
888

eblode

Member

Post Number: 411
Registered: 11-2002

Rating: N/A
Votes: 0


Thursday, May 24, 2007 - 08:46 am:

Good morning Lylo,
Glad to oblige and thanks.
Eugenio

smallworld

Member

Post Number: 606
Registered: 01-2004

Rating: N/A
Votes: 0


Thursday, May 24, 2007 - 01:58 pm:

I get the herald sun everyday but I must confess that I dont read Daryl's article. It wasnt that I have any specific reason not to. But boiling down to it, I'm just not as enthused as some others. I remember back in 94, I met a guy who religiously followed his articles and would often talked about them when we met, so for about 3 months back in 94, I did make an attempt to follow his articles. What I found was that while he put up in buys and sells every week. He didn't always explain his decisions. Sometimes he would talk about his reasons, often he didnt. But if you had read it long enough, you kind of worked it out for yourself his sell criteria, but his buy criteria was a totally different story. I dont know if things has changed now. But that was how it was for me back then.
I guess when it comes down to it. I am more interested in my own system, my own rules than his. And I have no interest in tips. My return is comparable to his, but that is probably because of a raging bull market, I have no illusion there.
But honestly, How much is enough?

eblode

Member

Post Number: 416
Registered: 11-2002

Rating: N/A
Votes: 0


Wednesday, May 30, 2007 - 08:46 am:

DAYTRADER lost this week $1,364 making his total capital $130,634.Sold DYL (.058),WMT (.0325), AGM (1.00), WSA (5.47),PDM (.024),ONC (.43), KMN (.93) Bought ERN, SHG,and
RWD.
Present portfolio;
ESG,AED,SDL,CQT,YGL,MGU,ROY,WRK,EKM

Happy trading,
Eugenio

tryhay

Member

Post Number: 610
Registered: 09-2005

Rating: N/A
Votes: 0