InvestorsHub Logo
icon url

mysticjinx

04/16/10 3:59 PM

#19001 RE: Henry Jo Bob #18997

Man, this is the TRUTH!!!!

Jim Cramer says that the best book to read on how to trade stocks is some "horseracing" book. In other words, this has more in common with racing horses than anything else!!!

(I know, Cramer is a bit of schmuck. I find him entertaining - and his portfolio makes 15-20% a year. It's not bad - but not fantastic.)

You can read all the charts, read the PRs, do your due diligence - and still lose all your money.

HOWEVER--- there are clearly GOOD GAMBLERS and BAD GAMBLERS. When you play poker, you never know who is going to win - but the same people always do consistently well.

That is because they know how to play the game.

And the stock market is very much a game.

icon url

mAjOr dAmAgE

04/16/10 4:02 PM

#19002 RE: Henry Jo Bob #18997

You can easily figure out what stocks are dumping and which are scams. This falls into both categories.