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I’ll be honest with you — the last few months have tested my patience like nothing else.
I moved my trading account to cash in late June, and here we are in September — almost four months later — and I’m still largely on the sidelines. Not because I’ve lost conviction or walked away from the market, but because the setup hasn’t been there.
To be clear, I’m talking specifically about my trading account. My investing account is still invested, and I generally leave it alone unless I’m adding to a stock I like. That distinction matters because short-term trading and long-term investing demand different decisions.
The Market Has Gone Absolutely Nowhere
The Nasdaq Composite (IXIC) is around the same price it was on May 29, while the S&P 500 (SPY) is near where it traded on June 1. Although I’ve been bored sitting in cash, the market has spent months chopping around and making little progress.
The Fear & Greed Index has also moved back into fear, which helps explain the recent hesitation. Sentiment indicators aren’t timing tools on their own, but they can reveal whether investors are becoming defensive. When fear rises as indexes remain range-bound, I want stronger confirmation before taking larger swing positions.
That’s why I’m watching price action, market breadth and sentiment together. Until they begin confirming one another, preserving capital matters more than manufacturing activity.
At the same time, fear can create long-term opportunities. Some companies are generating enough revenue growth that their price-to-earnings ratios have fallen to their lowest levels in more than a decade. That doesn’t automatically make them buys, but it gives long-term investors a reason to examine whether price weakness has become disconnected from business performance.
Where I’ve Been Finding an Edge
Being mostly in cash doesn’t mean I’ve been idle. I’ve shifted my attention toward day trading, which has been going quite well for us. In this environment, shorter holding periods let me focus on defined setups, clear entries and planned exits without carrying as much overnight exposure.
The same conditions have suited the approaches used in 60-Minute Income, 2PM Payouts and Newton. The practical lesson is simple: Adapt the holding period to the market. When indexes are trapped in a range, I would rather take selective short-term opportunities than force swing trades without a clear trend.
Disciplined trading isn’t always exciting. Sometimes it means repeating the same process, waiting for confirmation and refusing to trade simply because the market is open.
Patience still pays. When the right opportunity appears, I want fresh capital, a clear head and the flexibility to act with conviction.
Graham Lindman
Graham Lindman Trading
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*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.
P.S. Live at 11:30AM: Lance and I Will Unveil the Next Evolution of Daily Income
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Plus you’ll get to trade with us as we go after today’s newest setups.
