CNBC's Jim Cramer isn’t afraid of the rampaging bull stock market and encourages savvy investors to charge along with him into the potential for robust profits.

"I am actually less worried about looking like an idiot and more concerned that you might be scared away from the stocks by the tepid conventional wisdom,” he said on CNBC.

“That's why I think it's so important that you have to understand how a bull market like this one operates," the "Mad Money" host said.

He explained that a bull market is very different from a bear market or a market that declines on negative news.

The rules for investing in bull markets are different, Cramer said, highlighting his strategy of how to look at stocks when rallies become routine.

Spotlighting a trio of his tips:

New Disciplines

"In a normal market, the disciplined thing to do is sell when you have a decent gain. But now that the economy's healthier — synchronized global expansion — and the market's roaring, there's a new discipline," Cramer said. "You need to learn how to hold onto terrific stocks of terrific companies, because there's a good chance that the upside will be greater than you imagine," he said.

"The whole equation's changed. In a bull market, you need to put more emphasis on not missing gains rather than simply trying to sidestep possible losses. In short, you have to be able to stay the course, even when it flies in the face of your instincts," he said.

Analysts Matter

"In a bear market or even a neutral market, these people don't really matter unless they're saying something negative," he said. "But in a bull market their positive pronouncements are suddenly taken seriously, which is how upgrades can cause such big moves," he said.

"The analysts now matter."

Silly Action

Investors need to understand that bull markets behave irrationally. Cramer said he used to "make the joke to clients of his hedge fund that $90 stocks will go to $100," almost by design.

"Clients would look at me like I was nuts, but then they'd watch and it would happen," he said. "It's ridiculous. It's illogical. It's the opposite of how markets are supposed to behave, but you'd be amazed at how often this silly rule of thumb actually works in this kind of bull market. It's momentum talking, but momentum carries a lot of weight in this kind of bull market."

However, not all economic experts are as optimistic.

"Markets may still be hitting new highs, but multiple warning signs reveal there’s trouble brewing beneath the surface," Newsmax Finance Insider Peter Reagan recently warned.

"In fact, there’s significant proof from four key indicators that our current bull market is perfectly primed for a large scale sell-off," Reagan warned in a recent blog.

Reagan's four warning signs:

• Historically Overvalued Stocks
• Institutional Investors Dumping Stocks
• Unfounded Retail Buying Frenzy
• Widespread Analyst Pessimism

"In light of these troubling indicators, what should average savers and investors do to stay safe?" Reagan asked.

Reagan urged investors to follow the sage contrarian advice of the infamous Warren Buffett: “Be fearful when others are greedy...”

Reagan explained that means seek protection when markets start seeming invincible. That means, while others chase profits and run themselves off a cliff, you may want to think about guarding yourself instead.

"While the masses pile into stocks before a massive correction, follow the 'smart money' and consider stalwart real assets like physical precious metals instead," he wrote.

"Not only will you enjoy safety from any fallout that could come, but the historical trend favoring precious metals during times of distress could net you healthy gains as well."