Cramer on Timing the Market
If you never want to be wrong, then you shouldn’t take a position in a stock. But, unfortunately, that would mean you could never be right either. Money management is putting yourself in the arena and managing your risk along the way. Ultimately, investing is not about getting everything right. It’s just about making more right calls than wrong calls and managing your risk and exposures effectively. “Winning,” a word popularized by none other than Charlie Sheen this year, is not about calling a bottom or top in the market. The right way to win is to take some risk, manage it appropriately, and scale in and out of positions to secure gains and manage your cost basis. That’s how to cope with—and profit from—this volatile environment, which is still largely macro-driven.
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