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What the RBA’s rate cut means for financial services leaders: Your chance to shape the conversation

The First Cut in Four Years — Why It Matters Now On 18 February 2025, the Reserve Bank of Australia (RBA) made its first interest rate cut in over four years, reducing the official...

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This is an extract from an article written by James Eyers for the Australian Financial Review, published on 12th December 2024. " Australian Ethical and Market Forces are sponsorin...

Insights.

 

This is an extract from an article written by Damon Kitney for the Australian, published on 20th September 2024.
 
Head of Bell Direct Advantage, Ryan Phillips, continues to be intrigued by day traders, and their secrets to success.
 

"Ryan Phillips has spent the last quarter of a century chasing and analysing the elusive creatures which drive daily volumes in financial markets.

The head of specialist trading platform Bell Direct Advantage, part of the listed Bell Financial Group, has devoted his career to uncovering the secret lives of day traders to deliver them the ultimate trading platform experience."

9bd6887c0eb6e051ef40befff0f493b7Photography by Biannca at BlueChip Communication

"Bell Direct Advantage

offers all the services a day trader may need. But arguably the most important is access to Phillips himself as a personalised trading manager.

Over his decades servicing high-value clients, he’s learned plenty about the investing rules day traders swear by.

Their greatest priority is speed.

“The most important thing is the priority of their orders. Placing an order as quickly as possible, to get to the front of the queue, is paramount,” he says.

Another successful rule of thumb is that clients who don’t hold positions overnight are generally the ones who don’t have big losses, because they avoid exposure to significant overseas market movements.

The most successful day traders also trade stocks based on momentum, using sophisticated stock-screening tools to identify the best bets before others.

One tool offered by Bell Direct lists stocks with unusual trading volumes, allowing a user to get a better understanding of the flow of trades in a particular stock.

“That provides a quick way to observe the market without you having to do your own research. So if you are a momentum trader, it shows you the unusual volume on the upside as well as the downside,” Phillips says."

Read the full article below:
The secret, lonely lives of our millionaire day traders- The Australian

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