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Jul.17
7:45 PM ET
Friday, 17 Jul 2009
Knowing When to Go Long
Cramer has this rule: Never turn a trade into an investment. That means investors should trust the short-term thesis that attracted them to a stock in the first place. Because often times hanging on too long will cost them money.
The opposite is true as well. You shouldn’t bail on long-term returns just because the share price jumped a few points. As Cramer has always said – trust your thesis. It could mean the difference between five bucks and fifty.
This very thing happened to Cramer’s charitable trust when it abandoned Apple [AAPL
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