Cash is Not Looking Like Such a Bad Idea Is It?

Posted on Sep 22 2015 - 10:50am by Sharpe Trade

We have been saying this all month.  That … if we were new, we think that cash would be an excellent position to be in for the month of September.

With the market down 37 points this morning, that’s not looking like such a bad idea right about now is it?  Cash can be somewhat … comfortable … as a position.  Like a big ol’ fat money couch, from whence you may casually observe the mayhem of the markets.

Because at the time of this writing, simple ‘cash’ as a position is beating the market for the month of September by 1.71%

Sometimes … … sometimes doing nothing, is the best action you can take …

2 Comments so far. Feel free to join this conversation.

  1. NewLife September 22, 2015 at 11:08 am - Reply

    Staying in cash is probably wise at the moment.

    I’m dealing with the situation by taking signals in both directions and keeping tighter stops. Technically,my bias is bearish, but I’m not confident that the bearish bias will last,so I’d go long if that opportunity looked reasonable. Again,keeping a tight stop,trading smaller and with a willingness to reverse or exit the position with little notice.

    • Dan September 22, 2015 at 11:19 am - Reply

      Yeup.

      From last night, I had the opportunity to take four trades. Three of them were winners. One loser. Short AUD/JPY, long IVV, Short IVV, and then Shorted IVV again. That says something right there. , and if it’s one thing I’ve noticed about my trades … is that they are more and more brief.

      Unless staying cash, which is also profitable? It’s a day-traders market …

      D

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