Jim Cramer's Real Money Radio Recap 7/28

#TradingRules #TradingCommands #JimCramerRules #FirstLoss #BestLoss #TradeIntoInvestment #TradingGain #InvestmentLoss #Trader #InstitutionInvestors #JimCramer #10Commandments  

Miriam Metzinger

Recap of Jim Cramer's radio show on Thursday July 28. Click on a stock ticker for more analysis:

Cramer's 10 Commandments - Cramer reviews the 10 Commandments of investing he developed when dealing with the market in the 90s.

1. Never Turn a Trade into an Investment: Don't sit on a trade if it isn't doing what you expected it to do.
2. Your First Loss is Your Best Loss: If your trade starts moving downward, follow your instincts and get out quickly. "People can feel when a trade is going awry, but because of ego, because of pigheadedness, they don't want to hear the thunder,"
3. It's OK to Take a Loss when You Already Have One: People are often in denial about losses if they are just on paper, but it is better to go ahead and take a stock off the table than to deal with the pain later on.
4. Never Turn a Trading Gain into an Investment Loss: If a trade is making you money, cash in, and don't treat it like an investment. Cramer once broke this rule and lost an enormous amount of money. "A trade is just a trade. If you turn it into an investment, you are overstaying your welcome."
5. Tips are for Waiters: Rely on your own homework and not on stock rumors.
6. You Don't Have a Proft Until You Sell: Sometimes people delay selling because they are worried about taxes, but the loss incurred by waiting will be much greater than what you will pay Uncle Sam.
7. Control Your Losses Because the Winners Take Care of Themselves: Keep track of your portfolio and weed out problem stocks. Don't sit and wait for a poor stock to make a comeback.
8. Don't be Afraid that You are Missing Out: If you are concerned about missing out, you are probably coming in to late, and it is a better idea to wait for the next opportunity.
9. Don't Trade on the Headlines: The press just wants to tell a good story, and are rarely correct about the market.
10. Don't Trade on Flow:If you see a trend, you might think others know something you don't, but if you go with the flow, you could get taken down.

 

【每天5分钟】跟我们一起走进交易心理学 | Jim Cramer

 投资箴言

贪婪是投资的大忌。克服贪婪是投资者必须学会的基本技能。

自觉远离贪婪、时刻给自己留一份清醒，才是投资的常胜之道。

“祸莫大于不知足”，贪婪是人性的一大弱点，也是投资的大忌。克服贪婪是身为投资者必须学会的基本技能。著名市场专家和投资家詹姆斯·克拉默有一句名言：“牛市赚钱，熊市也赚钱，但猪到哪里都被宰杀。”这是对投资市场上哪些贪婪者最好的忠告。

克拉默非常有意思，每当他觉得某个人过于贪婪时，他就会播放一段猪哼哼的录音。他认为，牛市看涨赚钱，熊市看跌赚钱，这是很有道理的，在这两种情况下长线短线都是有利的做法。只有当持股的人像猪一样贪婪时，当他获得丰厚的收益以后仍然不肯收手时，他才会受到重创。许多人问克拉默，在2000年3月股市在高位运行只维持了短短10天的时候，他是如何知道应该收手卖空的。

克拉默不甚严肃也不甚犀利的答案就是“我不想变成猪”。克拉默觉得自己赚到的钱几乎已经呈直线上升了，他也已经目睹手里的许多股票涨到了不可思议的价位。当然，在那个时候，人们有很多理由继续留在股市里，而且是一些看似聪明的、合理的理由。但“牛赚钱，熊赚钱，猪被宰杀”是克拉默的哲理，它让克拉默及时抽身而出，最终保住了胜利的果实。

 

可以说，利令智昏，贪婪之心，是投资遭受重大损失的主要因素。贪婪会让投资者失去理智，情绪狂热而难以自控，贪婪的欲望没有止境。正如2007年一度流行的那首网络歌曲《死了也不卖》中唱道的：死了也不卖，不拿到翻倍不痛快。贪婪常深深地盘踞于我们的灵魂和心灵深处，要克服它也绝非易事。但如果能做到，往往会有不错的收益。

 

有一个女人，是个单亲妈妈，下岗了，自己带着孩子生活，日子过得挺紧巴艰难。女人听说股市里炒股能赚钱，就来了。女人非常很虚心，也非常很好学，她把别人用来聊天打牌的时间都用在了学习股票知识上，每天收盘后还要做大量的案头工作。

这些都不是最主要的，最主要的是，她不贪，她有一句口头禅：“我要的不多，我只要一根葱钱！”女人就是靠着这“只赚一根葱钱”的理想奔走在股市里，风里来雨里去。很多人不屑：一只股票买了500股去掉手续费就赚40元钱，没劲！时间长了，大家都习惯叫她“一根葱”，言外之意，她哪里是一根葱，简直就是“一根筋”嘛。

 

“一根葱”丝毫不为大家的言语所改变、动摇，依然坚持自己的操作思路和手法。有时明明赶上一只股票涨停了，而且封得挺死，她也一定会选择在涨停板那天卖出，八头牛都拉不回来。结果，转天，那只曾经风云突起的股票低开低走，一根长长的大阴棒把头天涨的钱全部吃尽。而此时，人们不再言语，“一根葱”也不言语，她早已拿着昨天赚到的“蝇头小利”买上一捆大葱给孩子去烙肉饼了。

 

你可别小看这“一根葱”，这里面可大有学问。首先，“一根葱”不贪婪，她懂得“吃在嘴里才是饭，装在兜里才是钱”的道理；其次，套不着她，任凭庄家你一狠再狠，我只赚一根葱钱。现如今，一根葱不仅把日常生活中的零花钱赚了回来，而且一年到头下来，积少成多，也是一笔可观的收入。试想想，如果我们在操作中时刻记住“一根葱”的理论，不赚那么多，只赚“一根葱”，那么就不会有深度被套时的气喘难平，也不会有割肉离场时的黯然神伤了。

 

巫启贤早年唱过的一首歌：“不爱那么多，只爱一点点，别人的爱像海洋，我的爱情浅。”看来，这投资和爱情有时候也是相通的。爱得太深，就容易看见伤痕。股市里也是一样，贪欲太深，就容易失去自己手中的主动权，从而沦为股市里的“长套将军”啊！

 

作为投资者，进入股市的主要目的就是为了赚钱，因此每个人都希望自己能够操作得比较成功，赚得更多些，这是非常正常的心理。但是这种心理如果演变成一种对于金钱贪得无厌的追求，则会在操作时形成严重的心理障碍，不但有可能使投资者失去很多获利的机会，还有可能导致投资者遭受巨大的损失。股市就像一条河，你在河边走，渴了就喝口水，也可以拿瓶子装点带走。可是你要是有一天想一个人把河水全喝光了，你想跳进河里，最后却可能被淹死。

 

低吸高抛是从事股票买卖最基本的操作原则。但是什么叫“高”、什么叫“低”，却没有一定的标准，有些人企图总是卖到最高点，买到最低点，实际上这是不大可能的，从事股票交易本身并没有最佳的买点和卖点。有些投资者在股票价格上涨过程中，在没有经过认真研究的情况下，不断提高股价上涨的目标期望，担心卖了以后股价继续上涨使自己踏空，从而失去可能得到的利润，甚至在价格已经很高的情况下仍然加码买进。

这种贪念经常使投资者由赚大钱变成赚小钱，甚至最后变成亏本。有的投资者则是在股价下跌过程中，迟迟不肯买进，总是盼望股价跌了再跌，以期买到最低点。这种心理看上去是谨慎，实际上也是贪心，往往会坐失良机。

 

当然，克服人性中的贪婪并非易事。但不管克服贪婪的路有多遥远多艰难，我们都一定要有勇气和毅力，将克服贪婪进行到底。

How to trade around a core position | Jim Cramer | Mad methods

FRI, JUL 26 20136:40 PM EDT

Here is the link. 

Mad Money host Jim Cramer explains his methods of trading around a core position. “Trading around a core position is an important basic trading strategy that everyone can use, even those of you who find the notion of trading, as opposed to investing, to be abhorrent,” he says.

00:52/07:12

Mad methods

1. New high list pullbacks
2. Insider buying at 52-Wk highs
3. Insider buying - heavy short-interest
4. Trading around a core position

Mad money

Cramer: Knowing how to trade around core position Could be helpful, especially in a crazy market

Sell some when price is high, and buy some when price is low - essence of trade positions

Trading is something for profit for short term fluctuations 

Using Google as an example - long term, volatile 

Do not buy all at once - tech bubble burst once

Commission will eat profit - 

Favor with disciplined players 

100 shares of Google, 5% up sell 25 shares, either direction works as well

Nothing is changed in fundamental - 

Not exciting - watch the stock - add more example - 

Too much on the table

Too little on the table 

Basically strategy 

next level - two chapters - Get back to the even - using option as strategy 

• Find a stock to trade 
• Add incrementally and sell decreamentally 
• Trade core position - commission should be considered as well
• Option as strategy - alternative 
• Call option - cheaper - Jim Cramer - Hedge fund - add up over the time

Have some disciplines - Trade - A lot of small gains - hedge fund - add up over the time

Using Google as an example 

Take some off when too much on the table

Add some more when stock is low and will go up 

Stock replacement - using call - high price stock like Google stock

Bottom line - Add up over time