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Why Jim Cramer Went Against His Discipline on Mastercard

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Curious about how Jim Cramer's Action Alerts PLUS charitable trust portfolio approaches stocks?

Here's his advice to one club member on Cramer's exclusive members-only July conference call, which was open for all club members to ask Cramer questions.

Cramer was asked why he and his team violated their initial price basis on Mastercard (MA) - Get Mastercard Incorporated Class A Report in one of their trades. 

Cramer responded: 

"This is my fault. MasterCard is going down a bit here. I've been waiting. We've had a problem here. I candidly admit it. We have been stubborn on a bullpen because we're very disciplined. Mastercard, we just didn't get to put in everything I wanted at the very beginning. I felt that I do the rule of 10. I divide it by 10 by 27, by 25, whatever you get a nice averages. This was me just saying, I have such confidence in [Mastercard CEO Ajay Banga]. Such confidence in payments that I will do something that we usually don't do," explained Cramer. 

Jim Cramer: The 'Secret Sauce' Behind Mastercard's Stock

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