How do you think stock-picking advice from Jim Cramer on his TV show "Mad Money" should be taken? In your opinion, is he a legitimate or reliable source in this field?
by 
ryanman000
ANSWERS: 4
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You don't listen to any of the Gurus. You don't follow any one's advice. For each particular strategy you're interested in, you have your own set of trading rules and you follow them. ANY TIME you get a "tip" from some one or a source, you should do all the necessary research for that stock. When your research meets your trading rules for that strategy, get in or buy the stock. When it doesn't, don't get into the trade. SW3 N! Some Will Some Won't So What! NEXT! Thanks for asking your Q! I enjoyed answering it! VTY, Ron Berue Yes, that is my real last name! Sources: My wonderful family! My wonderful coaches and mentors! TWO [2] of THE ABSOLUTE BEST, MOST wonderful trading groups in the world, which I am most proud to be a member of! Trading stocks and options more than 3 years. "THE University of Hard Knocks" also known as ("a/k/a") "life's valuable lessons"
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According to multiple sources, Jim Cramer has failed to 'beat the market' with his Mad Money picks. Here is an article titled 'Why you should never take Jim Cramer seriously' (http://www.slate.com/id/2158497/). Before relying on Jim Cramer to do your stock research, you MUST read about the Modern Portfolio Theory and understand the basics behind diversifying and holding stocks for long periods of time. Another point to mention is that Cramer DOES know his stuff very well. He is a fundamentals guru and understands the inner functions of the stock market better than most. However, I believe that his show on CNBC plays a huge role in the short-term performance of his stock picks. One final note: before relying on Jim Cramer, why not rely on huge corporations that devote entire staffs to researching equities? Of course I am speaking of mutual funds - these are no-hassle, nearly-fool-proof ways to get into the stock market quickly.
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I listened to some of Jim Cramer's stock picks. I made a bundle on GS, NYX, RIG, and a few others. Dont listen to everything he says becuase everything he says is not gospel. These days it's easier to make small advances. You buy, at one price. It goes up a $1.00 sell....wait for pull-back and do it all over again. Stocks are like shooting pool in the dark. The only ones who make the real money are the insiders.
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Free answers and information is just that free. Cramer doesn't work for free though and has to put on a show that is interesting and sell commercials. Listen to Jim and take your chances. You will take a small fortune and make it smaller.
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