The 1 Piece of Day Trading Advice That Changed My Life Across the internet, there are thousands, if not millions, of people advising you how to day trade. Why? Because most people have no idea what they’re doing. In fact, most traders are outpaced by simply putting your money in S+P 500 mutual funds. But one piece of advice helped me make actual gains against the tough odds. The advice? Cash is king. With all of the talk of inflation, it’s justified to feel anxious about keeping your cash in a static environment. You are, after all, losing money the longer it sits around. But you can’t make money without having money, as they say. And you can’t buy low if all your money is tied up. I missed out on the boom that followed the COVID crash because I didn’t have the money to invest. It was all tied up and I knew that selling at a loss was not something I wanted to do. That’s when I learned to keep cash on hand so I could pounce at opportunities. Since then, I’ve been able to buy in on stocks exactly when I want. Cash rules everything around me.