One minute the market it up, the next minute it is down. The market is volatile and brutal. Jim Cramer knows that seeing both ecstasy and tragedy occur in one day means this year is different territory. It's a trader's game.
"If this market were a person, we would be giving it twice-a-week sessions with a psychiatrist, along with some mood altering drugs to keep it a little more on even keel," the "Mad Money" host said.
And it is not just that the market has forgotten what happened in 2014. It now even forgets what happened in the morning and switches tune in the middle of the day.
After such a crazy session, Cramer emphasized the importance of realizing that this is a trader's market. To help navigate that kind of territory, he recommended two things:
No. 1 Find good quality stocks that you like and keep them on your radar. Examine them once a week, to make sure you don't get slaughtered.
No. 2 Take advantage of the volatile market and sell stocks when it opens big and then buy them back when it gets hammered.