Making Mad Money with Jim Cramer

maybe you need to trade like cramer does. he buys a little now and buys more as it drops. he never uses stops. he says stops are for losers.

 

man cramer moved IRBT. +30%. it was brilliant to take a hot ipo with buzz and bull it.

 

I don't know if cramer had much to do with IRBT, probably would have done well without his call. His picks this week are doing pretty bad.

Attached is the sheet.

 

I think the more correct statement is the way you are trying to play his picks this week has been doing pretty bad.

 

Unrealized losses on his picks this week is ($945), his picks are doing bad this week. I'm a cramerholic man, I will be honest though.

 

if you want to check cramers opinion on a stock check this out.
http://wizard.ozsoft.com/newshist/gwsjcsymb.asp

 

Maybe the third post of this website in this thread, it's enough. You don't need a website, just follow this thread and check the spreadsheet.

 

Realized loss of ($250) today. Having a bad week.

Attached is the sheet.

 

Cramerholic

How long have you traded this strategy?

I hate to say this but these kinds of systems can never work for any length of time.

Markets change and are in constant flux and that is the reason most traders ultimately fail.

In order to last in this business you need education not a parlour trick.

I really do hope this works out for you but if it doesn't hit the books again and learn some TA skills.

You can still trade SOME of cramers calls if you like but having a better set of TA skills so you can select the good ones from the bad, will make a huge difference.

 

Also, no one makes money simply following someone elses picks blindly. Without your own style or study to devise your own approach you will average down in the long run. SImply buying these picks on the opening is not a good enough system nor is the 5 minutes of research Cramer dishes out. It should tell you something that you are down for the week when the market is up.

I wish you luck but it is not Cramer that is the problem with this approach, it is making 3 or 4 picks every single day and following them blindly, regardless of if you add your own stop loss levels. No one can pick winners constantly doing it 3 or 4 times a day each and every day. In the end you might just running in place.

Hope I am wrong for your sake but cannot see how off the cuff picks can succeed. Cramer has to come up with picks each and every day so you run out of ideas. When you have no ideas you just let the market ride, when you have a TV show you have no choice but to find candidates... any candidates.

best of luck