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Wild Swings Makes Cash King

Hey Market Pilot,

The market has had a few wild swings lately. While the down move was the easier one to catch, staying out of the market during times like these can be a wise option, too.

As traders we certainly have an urge and itch to always be in the action and making trades, but if you find yourself losing money then maybe it isn’t your kind of activity. By not losing money, you are actually staying wealthier so it should be viewed as a positive when staying in cash despite the lack of gains. 

I actually view it as a luxury to be able to decide when and how I want to apply my money to the market. When we can recognize things are more dangerous and step aside, I almost consider it a mini vacation — a time to relax because I don’t have funds on the line. When I’m in cash nothing can hurt my account and there is zero stress.

Cash is a position — a luxurious one when the sharks are out. So this is when I can take a more objective look at the market and do some more studying. Perhaps look back at past trades and see what you can learn, then apply that knowledge to current possibilities. Don’t worry about not always being in the thick of things, especially when there is more probability of losing than profiting.

Your Profit Pilot, TG

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