Sneak Preview: When to Hold On

You must guard against selling a stock that you own for reasons independent of a market swing. Use the declines to build positions in stocks that don't depend on market momentum; don't be shaken out of your good positions.

Inside Cramer's New Book: 'Stay Mad for Life'

Throughout my investing for Action Alerts PLUS I have seen this pattern: oil stocks sold because of market volatility that had nothing to do with the increasing price of oil; farm stocks sold even though the farm cycle is separate from the economic cycle; and mineral stocks dumped even though they are more levered to China than to the United States. If you have a good long-term thesis that is independent of the economic cycle, do not let yourself be faked out of what could be some terrific long-term gains.

Editor's note: This is a special sneak preview of Jim Cramer's just-released book, Jim Cramer's Stay Mad for Life: Get Rich, Stay Rich (Make Your Kids Even Richer). Look for more sneak previews every day, and get your free copy with your annual subscription to Action Alerts PLUS; click here for details. Catch Cramer in person to get it signed: Wednesday, Dec. 5, at 7 p.m. EST in New York City's Union Square Barnes & Noble; Wednesday, Dec. 12, at 7 p.m. in Bridgewater, N.J.'s Borders; and Saturday, Jan. 12, at 1 p.m. in Westbury, Long Island's Costco.

Missed the first sneak previews? Read the book intro and the rules of getting and staying rich: Rule 1, Rule 2 and Rule 3.

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