I delved back in, sashayed even, into the market but in a small (scared) way, with position sizes barely at 3% and cash over 50%. I’m doing this because the run has been magnificent and I rue the idea of giving any of it back. I took in +55bps in trading and fancy myself to be rather lucky, yet again, and would prefer if I escaped any potential pullbacks completely unscathed.
The way I usually achieve this is by selling the open, which angers some of you small minded folk who lock away their longs inside safes, certificates and all, hoping for great outcomes.
See pal, that’s the difference between me and you. You hope for outcomes and I manifest them.
At any rate, it was a good day and I’m pleased with what I see but have a sense that we’ll soon endure a little pullback.
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