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CNBC's contest...Just a thought


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#1 FrankT

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Posted 08 May 2008 - 07:10 PM

If I had the time, I would enter the Fast Money regular's picks in the contest (they change each night), along with Cramer's top picks from his show. IMHO this would be a great way to monitor their selections. Anyone here have the time to do it?

#2 TTHQ Staff

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Posted 08 May 2008 - 07:19 PM

I have always discouraged trading competitions. I think they create more damage and more problems than they could possibly help anyone. They wreak havoc on the ego - both in boosting egos that take unreasonable and/or irrational risks for the sake of undeserved public glory, and in damaging it for the sake of chest thumping bravado when things go badly. My advice: don't watch them, don't participate in them and for goodness sake, never believe a person is a great (or even mediocre) trader just because they perform well in one of those. They are, in the real world, rather meaningless media promoted shenanigans.