Taking Profits

What this episode covers

Be sure to TAKE SOME PROFITS while the market is in euphoria. There's an insatiable appetite for stocks right now.... an appetite for destruction for the retail investor. Recently, I : sold some TM for +45.11% (247 days) sold some BZH for +56.72% (247 days) sold some ET for +86.36% (257 days) sold some ET for +94.19% (258 days) sold PBG +3.05% (7 days) sold remaining BZH for +74.85% (253 days) sold remaining TM for +48.33% (253 days) We're reducing some of our exposure with homebuilders. Don't be piggish - take some money off the table sometimes. I'm in 20% cash now. Pullbacks usually last at least 45 days.... some people have to wait at least 30 days because of Wash Rules after they exit positions, so when the market pulls back, it's usually for a period of several weeks or months. The market knows how to use a retail investor's emotions: http://www.aistockbot.com/BullBear.html Don't be emotional ! Be robotic and systematic in your trades. Also, be sure you've got some oil stocks (7-10% or so) in your portfolio. I've been buying CVX and APA lately.

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