Cramer said investors should never turn an investment into a trade. He explained that a trade is a short-term buy where an investor is looking to catch a quick move and turn a fast profit. An investment is where you buy a stock and hold it for a long time, usually 18 months. Cramer pointed out that he let an investment turn into a trade with Apple Computer (AAPL) when he bought the stock at $26 back in 2004 and sold it for a quick five points. Following his sell, Apple soared $200 and he missed the entire run. Cramer said investors should avoid doing what he did with Apple. Instead, trust your thesis, and stay with the stock for the long term, when your homework checks out.
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