Why I’m Staying In Cash For Now

Here’s Why I’ll Be Staying In Cash This Month

Looking back, it was nice spending my long Labor Day weekend with family.  It wasn’t just the good times and family that kept me, level headed and stress free, though.  The biggest reason is because I am mostly in cash right now.

As I see it, now is not the time to take any stock trades.  I’m also hesitant to look at bullish options.  Even when I see a follow through day I have to remind myself that not all follow through days are created equal.  Instead of throwing my time into chart analysis I’ve focused my recent efforts on skill sharpening.

At a recent Meetup of investors that I host, I noticed that attendance was lower than usual.  My thinking is that some traders I know have lost a ton of money in the past few weeks and are just too embarrassed to admit it publicly yet.  However, I think that right now is when a trader should focus on shoring up their weaknesses.  One benefit of staying in cash is that it frees you up to spend a little time on Virtual Trading and Paper Trading!

These days, every broker offers you some options for skill sharpening so set aside some time to look that over.  Virtual Trading allows you to maintain your good habits (watch list building, trade planning, analysis) without putting any of your money at risk.  It’s also a great tool when you want to test out some new theories or trading strategies.

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Amin Hemani
In 1992 Amin had an epiphany while attending a 2 day training course hosted by InvestTools. He realized that he couldn’t leave decisions about HIS money to brokers or advisors. It was at this moment, Amin decided to take control of of his financial future.



Amin spent the next 20 years learning how to maximize his profits and minimize his losses and in 2014 he took over as the IBD® coordinator for the Westchase and Tampa Meetup groups. This experience gave Amin the chance to meet many like minded individuals who were earlier in their investing journey

In March of 2015, Amin began his blog, Investor Spotlight, in an effort to share the knowledge he had accumulated and the lessons learned over many years of trial & error. Moving forward, Amin wants to spread his message beyond just his Meetup groups and blog by providing mentoring and coaching on the process he has come up with over the last 2 decades.
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Amin Hemani

Amin Hemani

In 1992 Amin had an epiphany while attending a 2 day training course hosted by InvestTools. He realized that he couldn’t leave decisions about HIS money to brokers or advisors. It was at this moment, Amin decided to take control of of his financial future.Amin spent the next 20 years learning how to maximize his profits and minimize his losses and in 2014 he took over as the IBD® coordinator for the Westchase and Tampa Meetup groups. This experience gave Amin the chance to meet many like minded individuals who were earlier in their investing journeyIn March of 2015, Amin began his blog, Investor Spotlight, in an effort to share the knowledge he had accumulated and the lessons learned over many years of trial & error. Moving forward, Amin wants to spread his message beyond just his Meetup groups and blog by providing mentoring and coaching on the process he has come up with over the last 2 decades.

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