He is a bit of a weather vane in showing a popular sentiment on many stocks but I think he is exactly trying to achieve that and hence be part of that TV show with its little meme soundboard he has. Theres no way to exactly do the opposite of him and do well, he isnt that reliable and some of what he says is just buy oil or related companies.
I think to counter Cramer would be to be a contrarian which is definitely a valid strategy.
In 2008 he did say it would blow up, it just wasnt good consistent advice. Being boring and safe is not his thing, I'm not defending him just across the range of buttons he presses I think he did express the view that there was more then a little trouble in the market (a few people did say this, March '08 I was reading an article for the Exters triangle take on why September onwards in markets would occur). If he said failure every day for 6 months it'd be correct but not much of a show, '08 summer there was a good rally so many were buying up. Cramer is like a stock magic 8 ball
Topic: Countertrading Jim Cramer on Bitcoin - page 4. (Read 1070 times)
Yes however it seems that there are many who follow his predictions and end up losing money. I remember back in 2008 he went on some talk show and got roasted because he kept telling people to buy Lehman Brothers right before it went bankrupt.
If the show was comical then he wouldn’t of made any predictions at all. He would just roast different companies and leave out any buy or sell recommendation. A new trader probably he watch his show and think he is some wizard and end up copying his trades.
There is no perfect predicter though, that is why even him who already have an experience on the financial field, still come up with wrong predictions sometimes and maybe those who have betted on his choice last time are just unlucky but those who remain as his followers know that those things are only normal. Not all times we will only win but there must be a time for us to lose.If the show was comical then he wouldn’t of made any predictions at all. He would just roast different companies and leave out any buy or sell recommendation. A new trader probably he watch his show and think he is some wizard and end up copying his trades.
For a new trader yes that will probably happen because they don't have enough experiences yet and they are still doubting about their abilities so for them, it might be a good idea to depend on some known experts first in hopes of earning money immediately.
I hope there's a way to estimate from empirical data how much of the time he's actually right, using a boolean algebra model or something.
Because I'm starting to see a phenomenon, the oppisite action of the decision you make is usually the correct one.
Because I'm starting to see a phenomenon, the oppisite action of the decision you make is usually the correct one.
Shouldn't profits against trading him be good enough indicator on that? But yeah i agree, empirical data would be nice. In fact some sort of model that's tracking all the influencers and their trackrecods out there would be very cool.
Yes however it seems that there are many who follow his predictions and end up losing money. I remember back in 2008 he went on some talk show and got roasted because he kept telling people to buy Lehman Brothers right before it went bankrupt.
If the show was comical then he wouldn’t of made any predictions at all. He would just roast different companies and leave out any buy or sell recommendation. A new trader probably he watch his show and think he is some wizard and end up copying his trades.
If the show was comical then he wouldn’t of made any predictions at all. He would just roast different companies and leave out any buy or sell recommendation. A new trader probably he watch his show and think he is some wizard and end up copying his trades.
Yes you can easily counter trade all his ideas and come out ahead. Whenever he has some stock tip, it’s usually him entering way too late. I noticed that he buys near the top and sells near the bottom.
I wouldn't go as far as to think that he actually acts upon his public "predictions". In the end, the dude's job is to entertain people in television — with the guise of "educating".
Yes you can easily counter trade all his ideas and come out ahead. Whenever he has some stock tip, it’s usually him entering way too late. I noticed that he buys near the top and sells near the bottom.
And no idea whether it’s deliberate or not but he has a very bad track record. Has since 2008 pretty much. No idea why people still watch him and why he is so popular.
And no idea whether it’s deliberate or not but he has a very bad track record. Has since 2008 pretty much. No idea why people still watch him and why he is so popular.
Yeah, it definitely makes sense, seeing as like how most funds do well in a bull (and so all the mini copytraders also make money), while they do poorly in a bear.
Took a look at the Twitter but there wasn't really much evidence I'd say. Probably a healthy amount of cherry-picking (like all trading tips go I guess).
Took a look at the Twitter but there wasn't really much evidence I'd say. Probably a healthy amount of cherry-picking (like all trading tips go I guess).
Social media makes many heroes that people imitate them for nothing than a good luck was on their side when they expected a certain thing.
There is no person who strives in technical analysis and then tells people to follow what he says or that his predictions are true, but on the contrary, he always urges everyone to be careful and make sure the numbers are accurate and that the risks are high.
Only scammers can tell you that they can predict the future and make easy profits for you.
There is no person who strives in technical analysis and then tells people to follow what he says or that his predictions are true, but on the contrary, he always urges everyone to be careful and make sure the numbers are accurate and that the risks are high.
Only scammers can tell you that they can predict the future and make easy profits for you.
He's been a meme for countertrading for a while now; and when the meme blew up, people actually started doing the inverse of what he's saying — slowly but surely making this "strategy" nonviable.
He's still a clown tho.
He's still a clown tho.
I hope there's a way to estimate from empirical data how much of the time he's actually right, using a boolean algebra model or something.
Because I'm starting to see a phenomenon, the oppisite action of the decision you make is usually the correct one.
Because I'm starting to see a phenomenon, the oppisite action of the decision you make is usually the correct one.
It appears that we have a new favorite crypto predictor. Our old favorite Tom Lee might have stopped making public predictions on bitcoin after 2018. This might have caused much psychological shock and damage on Tom hehehehe.
Our new favorite predictor is Jim Cramer hehe. Algod, a trader who predicted Terra's collapse, has been countertrading him and he appears to be making good trades.
Whale Who Bet $1M on Terra's Collapse Now Countertrading Jim Cramer
Algod posted an update on their “inverse Jim Cramer” account on Twitter Monday, announcing that they had doubled their profits since the account launched. Algod claims that they startedthe account with $50,000; its net value now shows as $101,440.71 in their post. “Some people work a 9-5 job, i simply just countertrade Jim Cramer… it’s not much but honest work,” Algod wrote.
There’s also an Inverse Cramer ETF Twitter account that likely inspired Algod, where over 84,000 followers track Cramer’s calls to ascertain what to bet against next.
Read in full https://cryptobriefing.com/whale-who-bet-terras-collapse-countertrading-jim-cramer/
Inverse Cramer ETF Twitter account
https://mobile.twitter.com/CramerTracker
Our new favorite predictor is Jim Cramer hehe. Algod, a trader who predicted Terra's collapse, has been countertrading him and he appears to be making good trades.
Whale Who Bet $1M on Terra's Collapse Now Countertrading Jim Cramer
Algod posted an update on their “inverse Jim Cramer” account on Twitter Monday, announcing that they had doubled their profits since the account launched. Algod claims that they startedthe account with $50,000; its net value now shows as $101,440.71 in their post. “Some people work a 9-5 job, i simply just countertrade Jim Cramer… it’s not much but honest work,” Algod wrote.
There’s also an Inverse Cramer ETF Twitter account that likely inspired Algod, where over 84,000 followers track Cramer’s calls to ascertain what to bet against next.
Read in full https://cryptobriefing.com/whale-who-bet-terras-collapse-countertrading-jim-cramer/
Inverse Cramer ETF Twitter account
https://mobile.twitter.com/CramerTracker
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