Harvey Sax

Life Lessons From A Professional Trader: The Hardest Lesson Of All? Do Nothing..

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One of the hardest lessons a trader learns is to do nothing at all.  Being able to sit still, watch the screen and resist the temptation of firing off a trade is too much for some people.  The Internet, the amazing drop in commissions, and the pulsating and riveting graphics of online trading programs have made it almost impossible to resist trading on impulse or inspiration.  Is it really that unlike the casino  with computer monitors replacing slot machines?   Many people learn this lesson the hard way.  It’s only when their account values drops to levels that are painfully … Read more

Are You Aggressive or Conservative? Better Check Your Beta..

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By: Harvey Sax   A lot of that depends on the beta of your portfolio.  But before we get into all of that, let’s go over just what beta is. Stock Beta is a ratio that indicates how a stock fluctuates with relation to the market.  Beta is an indicator of market risk also called volatility.  When you research a stock, look at the beta to get an idea as to how choppy the returns on this stock will be with relation to the market.  If this doesn’t align with your risk tolerance, this stock may not be for you. … Read more