From Harvey’s trading desk
Harvey’s Day Trading Blog
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Trade, 15th May 2019
It’s been a while since I posted a Facebook trade, so let’s rectify that situation: All standard stuff here, with a clean entry and an exit when momentum dried up. Another four-figure profit from a single trade. There’s a lot…
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More Tesla (Trade, 14th May 2019)
Here’s another Tesla trade, this time to the long side: As with yesterday’s TSLA trade, I probably could have squeezed a bit more by getting out a tad earlier. Still, $1,730 profit isn’t bad, even if this time it took…
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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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Four Figures In Five Minutes
Just one chart today, because it’s a lovely one: ROKU was up from the off, and presented at least three excellent setups. There was even more in the afternoon for anyone who trades that part of the session. For me,…
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A TRIP Through Some ‘dot-com’ Trades
A couple of nice trades on what we used to call ‘dot com’ stocks back in the day. You know, when the internet was the new hotness and you could buy anything with dot com in the name and make…
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Trades, Tuesday 7th May 2019
Here are a couple of trades from quite a busy day. First up MYL: All standard stuff, with a textbook entry and an exit at a logical place when the momentum dried up. The rapid descent in the price returned…
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Another Tesla Trade
I don’t have time to post today, so no explanations or preaching about how taking the easy middle can make for a comfortable living. Just a quick chart of TSLA: I will say that this was late in the morning…
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Trades — Thursday 2nd May 2019
Since the Easter break I’ve posted a few big winners, so I thought it was time to post a couple of bread and butter trades again, the sort we can expect to find every day. Because let’s face it, two…
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Shorting Tesla (For 5 Minutes)
If you have even a passing interest in a) the stock market and / or b) electric cars, then you probably know how Elon Musk’s Tesla is being shorted like no other stock. Not just by the big players either,…