The reason why I hold that much cash as of today is because I am waiting for opportunity to enter positions on some of the stocks (refer below) that I wish to hold for long term. As some of their stock prices are already skyrocketted and no longer below their intrinsic value, I have to be patient and wait for a retracement or market correction. Don’t chase the girls, let them come for you.
2024 has been a great year for me as I have started my option trading journey ...