yesI have a concentrated portfolio of a maximum at any time of...

yes

I have a concentrated portfolio of a maximum at any time of 10-12 stocks. this may seem a lot to some but it isn't when we're talking a good sum of money.

so, for example, it makes the risk for me a lot higher putting $250k on a micro, compared to putting $250k on a mid to large cap which has been hammered from external catalysts. if I was to put $10-$20k on wzr, then there would be minimal downside risk, but rightly or wrongly, that isn't my approach.

because of the little diversification, I have to balance the large caps, mid caps, and small and micro to what I believe provides the best returns with the littlest risk.

some of my holdings have gotten frothy so I either skin or allocate it elsewhere, hence why I continue to look at WZR.

I would like to see it trading in this range for a while, as I'm mindful that whilst the bull run will most probably continue for at least another 2 years, the last 5 of which has seen two to three technical corrections per year. we should be starting to see another correction soon.

the global economy is at an interesting position, and micros usually get hit the hardest, hence my sideline watching for a better position.