Do you watch the CNBC Fast Money show?

Question

Did you see the hedge fund gal lose 40% in one day on Crox ?

I fail to see how these traders make money ?

Ever read about Jesse Livermore ?

Did you buy out of the money puts on Bear Stearns ?

Answer 1

You can use them for general info...and they do have fairly interesting views on daily happenings... if you take your own look at some of the things they mention, you may come up with a nugget now and then.

Their best for trading info was Eric Bolling...don't know why he left or where he went, but you COULD count on him for decent info/opinions.

Answer 2

First, losing 40% on one trade is not a big deal, depending on the strategy employed.  If she makes several hundred percent every once in a while, that makes up for a bunch of smaller losses.

Don't try to take action based on what they say.  Listen and try to understand their thinking.

These people really know what they're doing, but it's not the best place for a beginner to try to learn.  This is a show with a panel of experts who's intended audience is active traders, which means seasoned, experienced traders.

Answer 3

Most of the stuff you hear on TV is c**p, they don't have any better track record than anybody else.

If you know what you are doing you can easily make money in the stock market or any other market, but not by just following the pack.

Answer 4

Karen Finerman is more of a value type investor ..I don't know how she got into that CROX !!

They might make a little more than the average investor...they DO have different styles...and they do point out some good buy points...and they're wrong maybe one time out of four ( or three)

No.

No.

Oh! ..and I did make gazillions with Eric Bolling's " miners, refiners and early- bird diners" ( last year...refiners not so hot this year.)

Answer 5

Did you also see the segment that told how she almost took over a little pharm company ( proxy fight)..installed a new CEO and half a " board"...and turned it around ? ?

Don't worry, you won't have to bail HER out... one bad trade in twenty or thirty still makes the clients very wealthy !

The Jeff guy seems to have his head on straight...but Najarian seems to be a trend  follower... his " tips" may be old news.

Bolling definitely was probably the best of the bunch... made money on most of the things he analyzed... if you knew WHEN to get out...but he DID give good reasons to get you IN.