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August 3, 2024 -- Sit On Your Cash and Keep Your Eyes Open
Manage episode 432184462 series 3499104
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As the markets experienced steep declines this week, many A.M.P.D. traders were already in cash positions and watching from the sidelines as the selloff sent prices lower. Today's guest, MARA Wealth founder Michael Lamothe says, "You want to be in when things are working, and you want to be out when things stop working." The key to doing that, he says, is to have a tested business plan to guide your trading decisions.
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