Don't get me wrong; I love differences of opinion.
But understand that we did not establish
to defend myself or my trading actions. We did not co-found
The Better Way
to the daytraders. We did not co-found
in order to serve up doctrine about the only method you need to help you make money.
We set it up to help level the playing field, to give the individual investor the same edge as the big pros have. We did it to give you unbiased news and analysis that can help you figure out how to handle your money.
I begin with this rambling preamble because yesterday the site had allegedly contradictory articles about how to trade.
an article that said dip buying was not the way to go. I wrote that
buying weakness is what I do.
Somehow this discordant production led to a crisis among some of our members who want clarity and want easy answers to hard questions. They want to know how we can reconcile our views.
The reason why
works is that we are not telling you what to do. We leave that to others, most of whom don't know what to do but get paid as if they do.
works because you have to figure out what to do, you have to figure out what is best for you and we can help you do that.
There are thousands of ways to make money out there. Thousands. I try to show you the method that works for me. Jonathan shows you the method that works for him.
Gary B. Smith
shows you his method.
shows you his. As far as I am concerned, the more the merrier.
No one way is right. I happen to think my way is better for me, or I would do it another way. Those of you who wrote me angrily last night about why I do what I do, and how stupid it is to like the market as it goes down, as always I URGE YOU TO BET AGAINST ME if you think it can make money.
I have found a style that works for me. How do I know it works for me? OK, let's break all of the rules here and talk shamelessly and openly about the game. I know it is right for me because it has made me a ton of money. Is it right for you? I don't know. I don't know you. YOU have to figure that out, not me.
All I can do is show you what I do, how I think, and give you the same window I have to Wall Street. If you can't buy dips because you get shaken out as they go lower, or because you think the ways of Gary and Jonathan are right, I say, TERRIFIC!
This investing business is about finding what you are comfortable with and what you can live with. There is no one way. If you think there is, go rethink it because you are wrong.
James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund had no positions in any stocks mentioned. His fund often buys and sells securities that are the subject of his columns, both before and after the columns are published, and the positions that his fund takes may change at any time. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Cramer's writings provide insights into the dynamics of money management and are not a solicitation for transactions. While he cannot provide investment advice or recommendations, he invites you to comment on his column at