The set-up: It has been a killer month for me, much better than I expected after a slow start, and it would be very tempting to see what else I can squeeze out of it to raise the bar even higher. But it’s the start of a holiday weekend, and volume is going to be low across the board today; if I have 10 things to look at in a normal day, today there might be two or three.

How I’m playing it: I cashed up at the close on Thursday and I’m not trading anything today. It’ll be the same thing on Monday, when the market takes a half-day ahead of the July 4 holiday. I will keep watching the markets and gold and oil from my phone, but that’s because I’m a markets junkie and not because I’m going to make a trade.

When I’ll move: Bright and early Wednesday morning. It should be a busy day with the market back from this holiday.

The moral of the story: It’s okay to say “I’ve beaten my expectations. I can take my foot off the gas now.” Don’t let fear of missing out push you into trading; remember that cash is a position, and sometimes a strategy.


   Taylor Conway is the lead day trader at He is a short-term day trader of stocks and ETFs.  At the time this article was published on, he had no open positions, options or orders whatsoever.

Author: Taylor Conway

Taylor’s Shadow Trader system allows his subscribers to tap into the hidden corners of Wall Street and to capitalize on “dark pool” trading activity. This powerful "follow the big money" strategy uncovers large trade activity that most regular investors have no access to, but that Taylor’s subscribers receive alerts about. Starting with a small account and trading part time, Taylor rapidly built his personal trading millions using his own proprietary trading systems. Sharp, savvy, and highly driven, Taylor looks for profits in any market condition, bull or bear.

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