Curious about short-term and long-term investing?
"We do not consider ourselves traders, we are long-term investors, which is why our third rule is don't let a short-term headwind cloud your focus on a great long-term investment," Cramer told Action Alerts Plus members during his November members call.
"This one is crucial, especially from a market like this where the short-term can be incredibly painful despite the lucrative longer-term opportunities," said Cramer. "That, by the way, are fully intact for so many of these names that are getting thrown out because of [the Federal Reserve] or China."
"When you don't think long-term, you tend to pass up the opportunities that are only available to the patient, as painful as being patient might be," Cramer advised.
Curious about Cramer's other rules of investing? Sign up for Action Alerts Plus here to get access to the portfolio and Cramer's Daily Rundown videos.