Can't Take the Heat? Get Out of Specs

By

Jim Cramer

 | Jul 11, 2014 | 6:56 AM EDT
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Not everyone can take the pain of speculating, and if you can't, don't do it. I know that's tough stuff. But so many people call me or tweet me and ask about risky biotechs, or one-hit retailers, or tech stocks with just a handful of customers and one product, that it's time to just face facts. You are going to lose some bucks when you speculate, even if you do it wisely, because it is the nature of the beast.

Perhaps more important, you must take responsibility for your own actions, because speculation always involves trading and rarely involves investing, regardless of your stated intentions....538 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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