Harvey’s Day Trading Blog
Posts
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We Are Always Learning
I’m often asked about program trading, and whether computers make better traders than people. The theory seems sound. If execution is everything, and if our own psychology is our biggest barrier to success, then why not remove the human element…
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Mystic Meg vs. Day Traders
A reader asks: *Why do day traders think they know the future? * To which my reply is simple: they don’t. I should elaborate. Successful, profitable day traders, do not imagine for a moment that they know the future. Perhaps…
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Some Thoughts On Lazy Day Trading
A correspondent recently asked if it was possible to successfully day trade stocks without doing much research. The question was poorly worded, because it depends entirely on how we define much. But before I answer the actual question, I wanted…
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Don’t Wait To Get Stopped Out
Here’s a trade that went wrong from the off: It all started out so well. The setup was good and it looked like there was some momentum, but the price hesitated. My rule is if it doesn’t go well right…
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Is It Ethical To Profit From A Plane Crash? (Trade)
I’m only posting one trade from yesterady, but it’s a biggie. And it raises a question of the kind that often comes up on these kinds of trades Boeing openend with a massive gap down. For anyone reading this blog…
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Is Day Trading Hard Work?
Is day trading hard work? is a question that reached me last weekend. My immediate thought was, “No,” shortly followed by, “Yes,” then, “Well, maybe…” The reason for my initial indecision was because the answer is dependent on what we…
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Want To Make $200k+ A Year?
Here are a couple of textbook quickie trades. I will warn you that they are dull, but there’s a reason I’ve posted boring trades today. First, a little short on HUYA: Standard fare with a clear setup and a good…
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7 Reasons Why You Don’t Want My Daily Stock Picks
I had another email this week (my inbox has been busy recently, probably because I’ve been posting more trades here since I restarted my blog). The gist of it was this: can I create a mailing list, exclusive to customers…
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Learning To Day Trade
I had an email from someone asking me if I would give them personal one-on-one coaching in the practice of day trading. The short answer is, as it has always been, no. I’d like to share why, because it’s something…
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Stand And Deliver, Your Money or Your Life
I’m often amused when my non-trading friends tell me that they could never play the markets for a living because they couldn’t cope with the risk. They say things like, “Aren’t you worried you’ll lose it all one day?”, and…