Sounds horrible. But in reality, traders don't need to be right half the time to make money. It's not something I really recommend (much less do), but if one has a strategy to let their winners run, using trailing stops to protect much of the gains, and put stop losses on the losers to prevent them from going really toxic, you can make money even you're only right, say, 40% of the time. The key is that your winners have to gain more than your losers lose.According to the above about 45% of his picks are correct.
I also believe in Santa Claus, the Easter Bunny, and other such myths (what does that tell you )...I was wondering what your opinion was of the show and his financial advice?
I live in the midwest and some of the people I know watch the mad money show on cnbc. I was wondering what your opinion was of the show and his financial advice?
at least Dick Vitale dresses up in women's panties. Can we say that about Cramer?
Ha
Whoops, my memory was bad. That was Marv Albert, another voice of basketball.Not sure about panties, but he has been known to wear other crazy outfits on his show.
I live in the midwest and some of the people I know watch the mad money show on cnbc. I was wondering what your opinion was of the show and his financial advice?
A mention of a stock by Cramer generally causes some short-term activity in it. But I've learned not to invest in what he recommends unless I follow its movement for a long time.
I wish there was someone on tv that could analyze stocks and make it clear why he either approves or disapproves of those stocks.