Dunit, gone to cash!

V

VicBee

Too much pressure for me! Today I moved my entire investment portfolio to cash and I'm in the process of winding down my trading account to cash by end of this month. All that remains active is our less than 10% crypto.

I will continue to trade sporadically, large sizes day trades.

Why now? Feels like the party is at edge of post pinacle, when the smart people are quietly leaving and the drinking is getting excessive. Yes, that is the best time, but so much can go wrong from there.

I'm now looking for a noticeable correction to jump back in with everything I've got.
 
VicBee said:
Too much pressure for me! Today I moved my entire investment portfolio to cash and I'm in the process of winding down my trading account to cash by end of this month. All that remains active is our less than 10% crypto.

I will continue to trade sporadically, large sizes day trades.

Why now? Feels like the party is at edge of post pinacle, when the smart people are quietly leaving and the drinking is getting excessive. Yes, that is the best time, but so much can go wrong from there.

I'm now looking for a noticeable correction to jump back in with everything I've got.
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Smart . Besides, tomorrow post fed is unpredictable.
 
VicBee said:
Too much pressure for me! Today I moved my entire investment portfolio to cash and I'm in the process of winding down my trading account to cash by end of this month. All that remains active is our less than 10% crypto.

I will continue to trade sporadically, large sizes day trades.

Why now? Feels like the party is at edge of post pinacle, when the smart people are quietly leaving and the drinking is getting excessive. Yes, that is the best time, but so much can go wrong from there.

I'm now looking for a noticeable correction to jump back in with everything I've got.
More...
You are going to miss a massive move up.
 
fan27 said:
You are going to miss a massive move up.
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We just had a massive move up. There will be more massive moves up. The true resistance line is going to be the debt-limit ceiling crap next month. Remember that whole bit of chicanery we are still facing? Bleh!
 
Overnight said:
Well, that's cool that you locked in some profits, but a noticeable correction? Dude, we just had one a month ago! GAHHHH!
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This year has been a tough trading year for me with a couple small corrections, in February and September. Thanks to the last 3 weeks, I've managed to recoup my losses and may even turn a sliver of profit before year end, which wasn't so obvious only a month ago. For a second year in a row my managed investment has outperformed me. Could be a sign, but what else would I do with my days... I call it cost of doing business :cool:

In the coulda woulda shoulda section, this year could have been better than last but I failed to let my winners run and watched significant profits run away from me (TSLA, BABA, SEDG). Patience is my lesson for 2021.
 
Typically for big turn downs in the past, there was some rumbling as a precursor to the drop. 1987 black monday. 2001 dot com. 2008 meltdown. Nothing like that has occurred yet. So I think getting out now is a bit premature.
 
VicBee said:
...
In the coulda woulda shoulda section, this year could have been better than last but I failed to let my winners run and watched significant profits run away from me (TSLA, BABA, SEDG). Patience is my lesson for 2021.
More...

I know the feeling. Just on the short-term trading front, last Friday's NQ meteoric performance was a sight to behold from midnight to RTH close, but I stayed out because of problems last week with inaccessibility to charts and movements due to a two-day power outage.

But I am not calling for a bear, and neither should you be! BEARS SUCK!

But I am comfortable with the decision to keep the profits, as you must be as well. It is the only way to stay sane.
 
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