Cramer is cringe, but even a monkey can do good in the stock market. Betting against him is probably just as silly a strategy as going with everything he suggests.
The trick I am still trying to teach myself is when is a stock down because of <stuff> and when is a stock down because it has developed a fundamental negative change. I will ride out the former but try to sell on the latter. Using my BABA example, I rode it down until I saw what I perceived as a definitive shift in the CCP in terms of businesses and their running of the country. I used to just stick to a strict 10% down is a sell to cut my losses short, but that rule I found was costing my money because sometimes I would be selling on noise and then miss a nice recovery when the noise abated.Fuck yeah.
Sanrith Descartes , I need to actually do better at exiting and entering at lower points. I almost never ever do it because I have no problem riding it out for years and I don't have so much time to analyze stuff for long periods. As much as I would like to.
I am cognizant enough to recognize that when the market is deep red I start buying shit. Especially primo stocks that hit around their 52 week low.
You have obviously never heard of Dennis Gartman. The contra-Gartman strategy was a 100% winning investing strategy.
Can't wait to see what happens here.
247wallst.com
Many of us got screwed on BABA. I bought the dip on that for six months.
I'll be honest, on my long term stuff, I forget they are even there. I don't plan on selling MA for at least six months.
Like I am fucking Nostradamus or something.
