Cramer's 8th Commandment of Trading: Don't Fear Missing Anything.

Being impatient can be Deadly!

Jim Cramer's 8th Commandment of Trading is:  Don't fear missing anything.  Sometimes it is okay to have all of your money on the sidelines.  Many investors feel pressure to have all of their money in the market at all times.  If you force yourself to make investments and trades because you fear missing profits you are making a mistake.  There will always be an opportunity to make gains in the markets.  If you force yourself to make a trade or investment you may very well be forcing yourself into making one that you don't fully understand or feel good about.  It is important to always have strong convictions when trading and investing.  You must also understand the premise or strategy behind your trade/investment.  Failure to do this can lead to losing money.

Look at this commandment like a waiting to catch a train at the train station.  If you miss your train you can definitely catch the next one, or even one after that.  If you try to jump onto the train when it is moving because your afraid of being left behind, even though you are already out of position, you could fall down and get crushed by the train.  It is definitely better to just be patient!