“Never turn a trade into an investment.”
— Jim Cramer
Simplified Meaning:
When you buy something with the plan to sell it quickly for a profit, you are trading. This is different from investing, where you buy something expecting it to grow in value over a long time. The quote tells us not to mix these two ideas. Imagine you buy shares in a company because you think their price will go up soon, but instead, the price drops. If you start thinking of this as a long-term investment to avoid taking a loss, you may end up holding onto something that won’t get better. It’s like buying concert tickets to sell them for more money later, but then when they don’t sell, deciding to keep them for the experience. In your life, focus on sticking to your original plans whether you’re aiming for short-term gains or long-term growth.
