timokaj's posterous

Just a quick trading note:  I have learned over the years, that just because you have money in your account, doesn't mean you have to put it to work right away.  I have a friend who loves doing cover calls (Options) and on the 3rd Friday of every month he usually ends up with lots of cash (stocks called away), and he puts it right to work the following day.  In his case I understand, because he's selling time, and waiting a week can mean much lower premiums on covered calls (but not always).  Just becuase you have $50,000 cash, doesn't mean there is an opportunity today.   I think putting the money to work right away isn't always the best idea.  Just because I sold my CMM yesterday, and I have $6500 cash (burning a hole in my pocket) in my TFSA, doesn't mean I have to do something right away.  It doesn't mean you can't do something, but in general I find waiting just a little while is a good idea.  It teaches patience.  A lot of the time, the stock market is a waiting game (waiting for stocks to go up), but that waiting game includes CASH positions!