Could you please repeat that? this time in English.
CNBC's Fast Money - pulling a FAST ONE
- Thread starter syswizard
- Start date
Could you please repeat that? this time in English.
Only trust Bolling. At least he is going with the trend and you wont get crushed.
They other guy are buying the 52 weeks low of AMD as i recall. Buying new lows are so amateur.
They other guy are buying the 52 weeks low of AMD as i recall. Buying new lows are so amateur.
My initial post just reflects what I am thinking Wallstreet is about lately: Bogus. The "Bogusity Factor" is at an all-time high....from prop trading rip-offs, the stupid PDT rules with the SEC, to all of the exchanges that are operating like Casinos....and just printing money as volume increases to compensate for low volatility.
Rule 3. Study and learn on your own.
Stop with the "services" and name dropping. No one wants to make you rich without first making themselves rich.
It's not a "bogusity factor." It's a "yep, there's still a sucker born every day and here he is" factor.
If you notice on any trader forum, traders aren't giving away secrets (or I should say, real traders). They'll give warnings and advice on methodolgy. But tactics and strategies are mum. Want to know why? Because they've worked too bloody hard to discover them.
Personally I like Fast Money.
I think they have made some great calls. I think they make Cramer look sick. I think they are acting in all sincerity and honesty on the show. With all that being said, like others have already stated, don't trade on "tips" and watch for entertainment purposes. I watch not for their recommendations, but for their thought process and commentary. Never know what you might learn from guys that supposedly do it everyday and professionally. The problem is that too many want to be spoon fed and take the easy way.
Look, no show about trading is going to hype their losers like they're going to tout their winners. With that being said, Fast Money does review their losing trades. Every show I've watched they have a segment called "Fast Fire" I believe. That's where they show the losers and sometimes they add the commentary by the traders on what they would do with the loser. Interesting enough on tonight's episode all the traders comments were to stick with the trade and some would even be adding (take it for what it's worth).
I think they have made some great calls. I think they make Cramer look sick. I think they are acting in all sincerity and honesty on the show. With all that being said, like others have already stated, don't trade on "tips" and watch for entertainment purposes. I watch not for their recommendations, but for their thought process and commentary. Never know what you might learn from guys that supposedly do it everyday and professionally. The problem is that too many want to be spoon fed and take the easy way.
Look, no show about trading is going to hype their losers like they're going to tout their winners. With that being said, Fast Money does review their losing trades. Every show I've watched they have a segment called "Fast Fire" I believe. That's where they show the losers and sometimes they add the commentary by the traders on what they would do with the loser. Interesting enough on tonight's episode all the traders comments were to stick with the trade and some would even be adding (take it for what it's worth).
Yeah, I agree, as shows go I like it. I haven't seen every show, but I like to hear what they have to say. Just another input, albeit input from some guys who are pros. I can't remember whether it was there, or somewhere else I heard that Eric Bolling was long some natural gas...it's was under $6 at the time. Pretty good input to have. Then you make your own decisions.
By the way, I heard a guy tonight talking about how he had been bearish on GM since it was 25. He's still bearish he said. I doubt if he's "massively short GM" by the way...it's probably just a position amongst others.
OldTrader