Why You Can Never Win Listening To Talking Heads
March 23, 2008 4:48 AM
We give you firm numbers on trades/investing to be long or short based on what I see traders likely doing when that level is reached or exceeded. To be fair, Cramer and others with millions of listeners cannot do that. Why? If they did, the professional traders would simply trade against them if they wanted to take it in the other direction. Bsically, they would slightly exceed that number and “whipsaw” all of their listeners by taking out their stops.
Therefore, tv personalities like Cramer, are at a huge disadvantage in trying to give their listeners sound trading/investment advice and cannot say “buy it here unless it goes below $82.00″. That is assuming they are even trying to.
On the other hand, if StockBlade says “short AEM at $80 with a hard stop at $82.50″, we do not have enough of an audience to gain the big “player’s” attention…. We are playing their game….without ruining their game.
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