The successful speculator must always have cash in reserve.
There is a never ending stream of opportunities in the stock market, and if you miss a good opportunity, wait a little while, be patient, and another one will come along.
This desire to “always be in the game,” is one of the speculator’s greatest enemies in managing his money.
Often money that is just sitting can later be moved into the right situation at the right time and make a vast fortune – patience – patience – patience is the key to success not speed – time is a cunning speculator’s best friend if he uses it right.