Agree Dazed, selling partially into strength and really no large positions in anything.
Pretty much just 'inflection' stocks.
VIV, PHK, ISX, SYT and some Li / Co plays but exposure much reduced.
Had pilot in TAR but out today well short of high and took a pilot in RLE on director buying.
Can't remember when my last committed buy trade (say 10K+) was, just playing with 2.5 - 5k parcels in and out.
Some trades have grossed as little as $200, just don't trust the DOW atm.
Several months back total exposure to spec end approx 75K +, today all up would be lucky to have 25k in market open.
Some of my plays have shown good % returns but because level of commitment is not there absolute returns marginal, just cost of doing business.
Dow by any textbook valuation is WAY extended but am still of the mind that because yields and inflation although trending up are historically so low chances of a bear market are low, but only one man's thoughts.
Not quite sure want will chance, would imagine my strategy will evolve to compensate.
Time in trade will continue to be short but transaction size will move up from 2.5-5k parcels.
Will continue to partially buy and sell into weakness and strength concentrating on my small list of 'inflection' stocks and a few selected others.
Let's just say covering costs but capital accumulation is a term I am not familiar with at the moment.
The BH might send me back to the coal face
(20min delay)