Making Mad Money with Jim Cramer

I started this strategy when I started this thread so its all new experiment. I think I need to add a few more rules to the mix since I'm noticing more with his calls.

First thing I will change is the time of buy. Buying at the open with his calls is a death trap since the price is overvalued at the open. I will now buy anywhere from 9:45-10am. Second, I will not sell the first day even if it reaches my stop because the first day after his mention the stock trades haphazardly and usually comes back in the following days. That's it for now, If I think of more I will post them. Hopefully this changes the P&L a little bit for the better.
 
Quote from Cramerholic:

Second, I will not sell the first day even if it reaches my stop because the first day after his mention the stock trades haphazardly and usually comes back in the following days.
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You will eventually lose all your money if you do this. It does not matter if you are following Cramer picks, your own, or anything else.
 
Cramerholic,
I'm enjoying the thread! Thanks for putting in the time to track the madman.
I view Cramer as nothing but entertainment, but he can definitely give some stocks shortterm momentum. So why not track it the next day? Sounds like a fun experiment.
As to those who have said this will never work longterm, they are right based on your current parameters. But who knows, maybe you'll develop some additional filters and find a way to turn it around. Cramer can start the momo, and all you have to do is find a way to ride it out.
Have fun!
 
Quote from jgfutures:

Cramerholic,
I'm enjoying the thread! Thanks for putting in the time to track the madman.
I view Cramer as nothing but entertainment, but he can definitely give some stocks shortterm momentum. So why not track it the next day? Sounds like a fun experiment.
As to those who have said this will never work longterm, they are right based on your current parameters. But who knows, maybe you'll develop some additional filters and find a way to turn it around. Cramer can start the momo, and all you have to do is find a way to ride it out.
Have fun!
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Thank you, this is an experiment and it will be interesting to see how it changes through the course of a year until its developed, thats the fun part about an experiment, constant tweaking until its just right.
 
Quote from Samson77:

Cramerholic

How long have you traded this strategy?

I hate to say this but these kinds of systems can never work for any length of time.

Markets change and are in constant flux and that is the reason most traders ultimately fail.

In order to last in this business you need education not a parlour trick.

I really do hope this works out for you but if it doesn't hit the books again and learn some TA skills.

You can still trade SOME of cramers calls if you like but having a better set of TA skills so you can select the good ones from the bad, will make a huge difference.
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I understand what you mean. But what cramerholic is doing is piggy backing a VERY successful trader and hedge fund owner. It isnt a system that i see, cramer and his team have already done the TA and FA for him. even though the markets are in constant flux, Cramer SHOULD be changing with them...He is letting someone wlse with more experince and a better track record do the homework for him.

I personally wouldnt do it becuse my style is different than cramers and i would second guess too much... But if it was Paul tudor Jones or George Soros on the tube...I would piggy back what they said sure as the drivien snow.
 
Sorry I didn't post friday and monday but I was busy. I decided to change a few things. I changed the spreadsheet so that the buy was not at the open but rather at 9:45am. From now on this will be a manual input for the price at that time. Because of this change the spreadsheet looks a lot better. It's those cramer gap ups that hurt the pnl.

Attached is the new and improved spreadsheet.
 

Attachments

Maybe to add a refined touch you do not simply buy at the open or 9:45AM but look into the charts and price action and determine for yourself the best price to get in. You might miss some winners but you will also miss some losers and you will better refine trading off of Cramer's picks...

Quote from Cramerholic:

Sorry I didn't post friday and monday but I was busy. I decided to change a few things. I changed the spreadsheet so that the buy was not at the open but rather at 9:45am. From now on this will be a manual input for the price at that time. Because of this change the spreadsheet looks a lot better. It's those cramer gap ups that hurt the pnl.

Attached is the new and improved spreadsheet.
More...
 
Good day today on the plan. Since November 1st we have the following:

Realized gains: $3,040
unrealized Gains: $1,034

Max buying power needed: $80,000

Currently holding 13 positions for $65,000.

I also added another feature to the sheet on the summary page, it shows how unrealized compares with realized, its pretty dead on, let me know what you think. Might need to bump up our limit up to around 6.5% based on this calculation and our stop at 3%.

Cramerholic.
 

Attachments

Quote from Cramerholic:

Good day today on the plan. Since November 1st we have the following:

Realized gains: $3,040
unrealized Gains: $1,034

Max buying power needed: $80,000

Currently holding 13 positions for $65,000.

I also added another feature to the sheet on the summary page, it shows how unrealized compares with realized, its pretty dead on, let me know what you think. Might need to bump up our limit up to around 6.5% based on this calculation and our stop at 3%.

Cramerholic.
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interesting but to compare if you had simply bought 2000 shares of qqqq on nov 1 and held you would be up $5200
 
this brings up my point from a previous post. we are in a strong rally. it will be interesting to see the results in a downdraft. not being critical, just want to see results in a bear market too.

Keep up the good work!

Quote from vhehn:

interesting but to compare if you had simply bought 2000 shares of qqqq on nov 1 and held you would be up $5200
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