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To: HECTOR RUBERT who wrote (12447)	8/9/1999 10:18:00 PM
From: Jenne	Read Replies (1) \| Respond to of 19700

Cramer's Survival Tips By James J. Cramer 8/9/99 8:02 PM ET Don't lose sight of the goal: You want to stay in the game. There will be better times. Rates don't always go up. Stocks don't always come down. Here are some trading survival tips that I have used during the tougher periods: 1. Don't buy anything that you would not have the capital to buy more of if it went down 10% from here, or even more. 2. If you made a ton of money on margin and are in the process of giving it back, take the hit. Get off margin. The risks are too great. 3. Most stocks are going down. You are not alone in your misery. Don't press. There aren't enough winners to go around. 4. Wait for your pitch. The market will frequently look great and feel great and then give it up when the bonds roll over intraday. Don't buy into the up tape action, it is probably phony. Wait until things are down. 5. Be careful of unseasoned or new merchandise. You don't know who is trying to get out and who is working a piece. These situations should be regarded as if they were pond ice and it is 30 degrees out. 6. Don't chase anything. Sure, if you had bought AMAT (AMAT:Nasdaq) at the opening, you might have made a couple of points. But that was the only stock that worked. Everything else that was up a point or two at the opening gave it back. 7. Keep a journal of what is working and what is not, so next time when you are in a tough period you can remember what you did right and wrong. 8. Take walks, don't stare at your screen, don't overfocus. The investment bankers might not notice, but this is August and not much of consequence is happening. 9. Take smaller gains. If you have a single, take it, don't try to stretch it into a double. You will be thrown out. 10. Remember the good times. Keep your powder dry for those times. This is not one of them. --------------------------------------------------------------------------------