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Lesson number one: when you think you're going to have a protracted sell off circle the wagons around your favorite stocks and have some cash ready to buy more of them. Lesson number two: even in a big sell off you cannot lose your discipline to price and you cannot be afraid to trim a winner that is run too far, too fast. Three: you cannot be afraid to cut and run on a losing position because in a bear market you will always lose the battle. But use the bear to buy the stock of a long term winner that's crushed by market forces. Four: always keep your bullpen fresh because you will never know when you're bizarrely low price targets will be met by cataclysms selling. Five: in a bear market you have to take advantage of and scour the market for unique super high growth opportunities that have finally gotten cheaper. Six: in troubled times, don't settle for stocks with an inconsistent management team and instead go for seasoned CEOs who know how to handle their enterprises no matter what the environment is. Seven: in good times owning the best houses in a bad neighborhood can make a rough go of things. But in bad times there are no good houses in a bad neighborhood. Eight: when the market fundamentals seemingly go out the window, sometimes technical analysis can truly be helpful. Nine: Don't lose sight of what can still work and don't give up if it's even in the realm of possibility that something can go right as not everything is slated or must go wrong. Despite what you might hear on TV. Number Ten: Know thyself. If you know your risk tolerance and allocate your funds accordingly, you can not only remain calm in a downturn. More importantly you can stay focused on the long term and hopefully take advantage of the situation. We hope you take these 10 lessons to heart. We are constructive about the market right now. But we are justifiably scared and scarred by what occurred at the end of the fourth quarter. You now have our takeaways and unfortunately, I bet that they come in very much handy in 2019.

Need some tips for a bear market? Jim Cramer broke down his top 10 rules in his monthly call to Action Alerts Plus members. 

Here are his 10 rules. 

Rule One: "Circle the wagons around your favorite stocks and have some cash ready to buy more of them."

Rule Two: "Even in a big sell-off, you cannot lose your discipline for price."

Rule Three: "You cannot be afraid to cut and run on a losing position."

Rule Four: "Always keep your bullpen fresh."

Rule Five: "Scour the market for unique opportunities."

Rule Six: "Don't settle for stocks with an inconsistent management team."

Rule Seven: "There are no good houses in a bad neighborhood."

Rule Eight: Rely on technical analysts when everything else "goes out the window."

Rule Nine: "Don't lose sight of what can still work."

Rule 10: "Know thyself."

Want more of Jim's investing lessons? Check out Action Alerts PLUS, where Jim holds an exclusive monthly conference call addressing the state of the market and how the latest news can affect portfolio performance.