Keep the Powder Dry
a.k.a. Dry powder
To hold back cash and wait, rather than committing it, so you are ready when a better opportunity appears.
In plain English
To hold back cash and wait, rather than committing it, so you are ready when a better opportunity appears.
The phrase comes from the days of gunpowder muskets: wet powder would not fire. To keep your powder dry in trading is to stay patient and keep capital available.
'Dry powder' is money waiting on the sidelines. Not trading is a position too, and often the right one.
Keep this word for good
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