@tvs3497
Good advice. I'll add this to it. I bought a subscription to Motley Fool for some stock tips in 2021. They gave me six stocks to invest my $10k in and said to hold for five years. After 30 days, I sold all I had at a 10% loss. Within a year, those stocks were down 50-90%. Two of the companies are no longer listed, ADSK is currently -8%, and the rest are LMND -70%, NNDM -84%, OKTA -69%, and ZM -75%. So the moral of the story is this: the BS permeates the entire industry.
@kjp9647
Reverse Jim Cramer is the way - as long as you are consistently wrong, you are a good indicator
@Ian92999
When you find yourself agreeing with the majority, then it’s time to stop and reflect. -Mark Twain
@vincechan455
You are speaking the absolute truth. I work in IT for a Fortune 500 corporation. Several years ago, our CEO was on CNBC and stated that we laid off 7% of our work force. What the public didn't know was that my team and I disabled several thousand employee network accounts which accounted for approximately 20% of our national workforce. Whenever I see her appear on CNBC, I always take whatever they say with a grain of salt. By the way, Cramer interviews her almost yearly so needless to say, I always get a laugh out of it.
@DatingArchitect
Jim Cramer is even WORSE than that. Traders are using him as a reverse indicator. He regularly calls plays inversely, to the point that someone made a Jim Cramer reverse ETF. I use him as a confluence factor as well. Is he telling people to buy or sell a certain stock I am looking at? Remember Jim is paid by the big financial firms and Jim C provides exit or entrance liquidity for these big firms.
@encompassvideo5429
This guy is better than a best friend or therapist because he is imparting objective views of a very emotional-driven process. Priceless advice.
@strongmarketresearch
I started trading in 1987. Back then cable TV was still relatively new and there were only 13 stations with content. One day I had the Financial News Network (FNN eventually became CNBC) on a low channel like 11. I decided to look at the higher channels to see if anything new might be there and I hit channel like around 68 and it looked like the FNN set so I just watched it. People were just walking around the set and a news caster sat in a chair and someone came over and started giving her a makeup job. It seemed like they didn’t realize the camera was live. They were just in their routine before going live. Anyway as they were applying her makeup she blurted out “What the heck is a bond! I have no idea, how am I supposed to report this!” I laughed and was stunned at the same time. I realized then that the anchors on these shows are just there for entertainment only. Funny thing is she is still on CNBC today.
@davee8462
I could listen to your trading stories for hours!
@tayinternational
I learned during the 2008 crisis that if I did the exact opposite of what the Finance news was suggesting during that time I could do much better on a few well known companies.
@lukeycs2
This is my new favorite channel
@emojio3853
I never regretted clicking on his videos
@matten_zero
You sir are a blessing. Its amazing how social media is revealing things that most people never could have known 20 years ago.
@JoeyBaguez
Spot on. Cramer was recorded during a conversation with a community traders group years ago, talking about how he games retail traders. He went into detail on how he would artificially pump up prices using hedge fund capital and then turn around and short the stock. It’s amazing to me how ignorant and foolish people are when it comes to listening to him. Like you said, if you have edge in the market, why would you sell it to someone? Makes no sense
@levelup2014
The day I started treating "news reporter's" in any field as influencers is the day I stopped taking a lot of that stuff serious saves a lot of mental space
@think.trade1
As a retail trader of 4 years with an edge, thanks for making this video. love the transparency
@aarons738
enjoy your candid style of sharing life lessons
@ScottMcEwen1
Love it. A good insight into Wall Street. I'll bet you're loving that nature now. Such a contrast
@JAMESKWEI
I can remember like it was yesterday, when one of my mentors quoted (not sure if it was his orginal, but nevertheless): He said: remember people lie and (stock) prices dont. Example: during the hieght of the GFC (2007/2008) GE stock was imploding - rumored that their prestine dividends were about to be cut and/or eliminated. GE held a conference call to try and address the issue and stop the bleeding. The (former) CEO Jeff Immelt - absolutely denied the rumours and tried to intill confidence in GE shareholders/investors. Conference call ended - but the stock continued to drop like a rock. Fast forward couple weeks after, GE announced they were suspended their dividend. The stock eventually stopped declining, found some price discovery and stablized.
@diamonddeckhandklapper5337
Love this channel, found you yesterday and already watched most of your videos! Young retail trader here at 25 w a net worth of 100k. Won't go down wallstreet or prop trading route, doing it all myself swinging longer term trades while hedging for a downside in case of a crash. Excited to hear more of your trading stories!
@ryanyeager8571