JIM Cramer is posting on ET

Quote from Mvic:

Without context this is just meaningless drivel. Education and Experience is what teaches us that what we see is often not what we get. You suggest the we should throw out experience that informs what you call our mind sight and just rely on our eye sight, what we see. Might as well throw out education, experience etc everything that informs the mind sight while we are at it if all we need is to see what is now. I think you are throwing out the baby (education, experience, positive expectancy edges that positively inform mind sight) with the bath water (the bad habits or character flaws that sabotage and overwhelm the positive influences on the mind sight if any exist). Eye sight is just an input the mid sight will always be what informs what you do with that input. Without mind-sight you prospects are no better than chance.

Those who thought that your statement above was profound should focus on their critical thinking.
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I agree wholeheartedly it takes education, experience and awareness. It is how our mind-sight is condition as to whether we make wise or unwise decisions. Hey listen, the nature of any forum has its drawbacks in misunderstanding anyone's post and the posters intention. Basically, it gets down to sound-bites and matters of opinion. It isn't important to me whether someone agrees with my post or does not agree. It is my opinion and if it benefits someone...great. If someone else thinks its bullshit, that's fine too.

I like reading other peoples opinion whether I agree at the time or not agree. I have found later on some of what someone has posted gets me to see and change my thinking in a better way and I have benefited from it.
 
Quote from ak15:

My opinion why most traders fail and it is arguable is the inability to act swiftly and decisively when the situation warrants it. People are frozen into immobility and inaction. Those who can train themselves to recognize situations as they occur and immediately take the required action will enjoy success in this field.
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Another great post ... oh what was the original topic again ... oh yeah.

With all these great posts on trading, who needs him? :eek:
 
Quote from MandelbrotSet:

Another great post ... oh what was the original topic again ... oh yeah.

With all these great posts on trading, who needs him? :eek:
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yep, that's as true in trading as it is in high-tech jetfighter dogfight, as it is in FOOSBALL :D

i think the greatness of a post is in proportion the narrowness of its application :)
 
Quote from sprstpd:

The biggest problem I have with Cramer is just that he is an arrogant prick. Any view that is presented that is contrary to his view gets shot down via insults and maniacal yelling. And then if he is proven wrong, he just changes his mind on the topic and declares victory. Just watch his Mad Money show when he addresses Raj's e-mail as evidence of his arrogance.
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I agree with you on that one. Plus his crazy rants make him look like a tool. However with all that being said he is a smart guy and knows the markets. I can not watch his show because it is a circus act and total bullshit .I would never buy or sell anything based on what he says. Bottom line is I would not listen to any of those so called gurus to make a buy or sell decision.
At least Kramer can be a bull or a bear depending on the stock.
Unlike Joe Battapaglia or Abby Joesph Cohen who always seem to be Bullish
 
Quote from armoured saint:

Isn't intuition simply logic applied at a subconscious level? Intuition can be pattern recognition at a level below conscious awareness. So, my question to you since you seem to hold intuitive trading in high esteem, why wouldn't it be better, or at least as effective, to 'out' these subconscious notions or feelings into the conscious awareness arena? That way we could evaluate them?

IOW, why is unconscious decision-making assumed better than the same information processed with conscious awareness?
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You hit on the key. It is taking the subconscious level to the conscious level so the required action can be applied. What we have to be careful, is the evaluation part. There is a reason for the phrase "over analysis results in paralysis". Haven't you ever had a trade you just "knew" felt right only to talk yourself out of it and then regret having missed an excellent trade you just "knew" was going to be a money maker? Haven't you ever been in a trade you just knew you should exit, but talked yourself in to staying with the trade and ending-up with a greater loss or less profit?

I am sure as all of us, you have had this happen. It was the "thinking logic" which got us in trouble. It was logic we convinced ourselves was logical at the time.
 
Obviously, the best way is to find an edge through 'conscious analysis', then make it part of your "subconscious" . Not the other way around. That's why I hate the calls for "intuitive trading'.. implies you don't really know what's going on... but you're doing the right thing :)
 
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