Originally Posted by mynameisjim

If a stockbroker made $10 million in 2007 it means he made $130 million and lost $120 million on total transactions.

I think that's what people miss when they bash a guy like Cramer. Real traders lose a SHITLOAD of money, but they make a little bit more.

Anyway, someone who blindly follows TV stock picks deserves to lose their money. You should only watch that show for ideas then go do research from there.