“Don’t chase risk.  Our job as traders, especially at this juncture, is to take as little risk as possible.  Tighten up that risk.  Get it tight, get it right.”

-Raul3

I know that is almost always the prudent course of action, but here I find myself with my lowest cash level of the year (17%).

Reason being: the stocks I’m in and continue to watch all still sport bullish ‘looks’,

Yes, I should probably be more cautious and skeptical here (at least from an emotional standpoint), but (many of) the facts seem to be telling a different story.  I had to stop myself from doubling down on CNO at the closing bell.

With all of that being said, I won’t hesitate to cast off the chaff (see: my liquidation of GE this afternoon).  I have specific milestones in mind with the stocks that I own, if they fail to live up to those expectations, bye bye.

Maybe I’m just a glutton for punishment.  We shall find out in the coming days.

-EM

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