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If a major bank offers free trading, "you've got to pay attention if you do any trading at all," said Jim Cramer on his

"RealMoney" radio show Wednesday.

Bank of America

(BAC) - Get Bank of America Corp Report

just announced free trading with an account minimum of $25,000, Cramer said. This move took everyone by surprise.

It was "bad luck by me to tell you to buy these

brokers' stocks" yesterday, Cramer said. "I didn't see it coming." The stock is down $2 today because no one expected it, he said, adding that analysts are likely to downgrade the stock within the next couple of days.

Because stocks trade down on downgrades, "if you own the stocks, the decline is not over," he warned.

"Pass the Oxycontin" for the pain, Cramer said. "Take your medicine and move on."

Cramer said he bought

Ameritrade

(AMTD) - Get TD Ameritrade Holding Corporation Report

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on its way down from $19 to $13 after the company's announcement that it was lowering fees.

He told people to buy at the bottom, and "if you did that, you ended up making pretty good money," Cramer said.

But "I totally underestimated how much Wall Street would turn on Ameritrade," he iterated.

To see the most recent edition of The RealMoney Radio Recap in its entirety, please click here. This recap is published every day around 3 p.m. ET.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for

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here. Watch Cramer on "Mad Money" at 6 p.m. ET weeknights on CNBC. Click

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