Re: Cramer
I have been following Cramer for few years now. Personally, I think Cramer has a great mindset for trading. He has a churn em' and burn approach, realize-your-wrong-and-turn on the dime philosophy that should be emulated by most traders. Given that he manages significant money, he isnt in there trying scalp 3/8 on 1000 shares, and therefore has slightly different philosophies than most.
Nonetheless, his approach is ideal for trading. I think his issue is now one of increasing fame. He probably enjoys talking on TV, having a hugely successful website and newsletter. Also true egoists do. And I mean that with great respect as I would always rather be with someone who is truley confident in their skills. In the end, though, he seems like a true family person, and ultimately a trader, and would probably more enjoy sitting in front of his machine, gambling his funds hundreds of millions.
I am one of these people that reads everything I possibly can, all day, all the time. As for "every trading" reading his newsletter. I can tell you that most that I know don't. His newsletter is a good one, interesting reading, but, going along with my approach to the market, noone is going to suggest anything to you until they have established their position. He is doing the analysis for you given widelyknown data. If you ultimately want to be successful as a trader/investor, you need to be able to develop your own analysis.
I wish Jim the best of luck in everything he does. I think we all wish we couldhave the success he has had. With a good bit of hard work, we can all accomplish our own goals, our own way. Nothing says you can't be even better than him.
Regards,
Steve |
