Jea Yu and Ken Wolff
- Thread starter hapaboy
- Start date
those are unattainable bullshit logs, all made in hindsight.
he makes a call... if it goes his way, you'll get something like..."pare out some shares here"....goes his way some more..."you should be paring out some more shares here"....3 hours later, if it's still going his way you'll hear again, "pare out some more shares here "(how many does he think people bought?)...
in the log you'll see pretty much the best price that happened after his call.
of course you get the customary rounds of congratulations from his moron followers..."great call jay".. "you da man jay"...."i made .60 on that one (yeah right), thanks jay"...
if his call goes against him, it pretty much doesn't get discussed....he rarely, rarely, rarely admits he was wrong and says to get out...nope he'll just hold on and on....and if it finally looks like there's no way it's coming back, you'll hear some crap like, "well, obviously you would've taken the loss at $xx.xx"... lol.
i can't believe the idiots in his chatroom don't take him up on this...
oh, and, let's say the stock was -.70 for the next hour after his call, and it somehow comes back, you'll here a long i-told-you-so kind of commentary, complete with explanations (rationalisations) on why it was a good idea to sit through that (and make your 20cents, lol)
and, of course, the loss gets booked in the log in extremely favorable (and completely unlikely, for anyone relying on Yu's calls) terms...
guys, forget the chatrooms. there aren't any shortcuts in this game, no matter how much you wish there was.
for the comments, keep 'em coming....
I'm not looking for the holy grail and do believe one must develop his/her own strategy/edge. I'm merely curious if there is anything in either of those books that more experienced traders found useful and applicable in today's market.
I find it odd though that Wolff says not to follow his calls! What's the reasoning behind that one?!?
I'm not looking for the holy grail and do believe one must develop his/her own strategy/edge. I'm merely curious if there is anything in either of those books that more experienced traders found useful and applicable in today's market.
I find it odd though that Wolff says not to follow his calls! What's the reasoning behind that one?!?
It's all sour grapes. These room gurus are the best, and share thier great knowledge at a small fee. Not a winning trader still on the street that didn't cut his eye teeth with one of these guys.
You've got to have discipline and follow the rules TO THE LETTER. What happens is , shortcuts are taken, and then the innocent chat guRu is blamed.
Take Jim Cramer. I've noticed that 87% of his calls have produced a gain, but he's badmouthed all over the boards. He made millions for his hedge fund investors with those stats. 'Nuff said.
The secret of my success? I subscribe to 7 room's a once, and using a custom spreadsheet, average the calls into one Super Call, that I fade ...... I mean play. When there's a tie, I use WallStArb's opinion.
You've got to have discipline and follow the rules TO THE LETTER. What happens is , shortcuts are taken, and then the innocent chat guRu is blamed.
Take Jim Cramer. I've noticed that 87% of his calls have produced a gain, but he's badmouthed all over the boards. He made millions for his hedge fund investors with those stats. 'Nuff said.
The secret of my success? I subscribe to 7 room's a once, and using a custom spreadsheet, average the calls into one Super Call, that I fade ...... I mean play. When there's a tie, I use WallStArb's opinion.
