Yes. I make money when I invest, and don't do nearly as well when I trade. I am wondering if it is imprudent to go long term short here, on a 2, 3 or even 6 month basis, in what I perceive as weak sectors.
I covered today at the close ( actually 5 minutes 'til the close. 100% cash. Perhaps--long tommorrow--we'll see. These melt-ups fueled by short-covering have been vicious.
I have rebalanced my swing portfolio away from techs towards non-techs (70:30 in favor of non-techs), given that tech indices are attempting to reverse, but the broader index still looks healthy... I have reduced entire portfolio risk to 2.5% of total equity, by tightening up stops... I have also started to put on some shorts, to compensate for stop-outs on my longs... but I find it much more difficult to make money on short swings, because of the violent squeezes which so often take me out of some excellent entries...
This am the MKT internals were strong positive and yet the Mkt could not really get anything going after the opening move. I view this as slightly bearish for the day. I did not enter a trade today because i have a rule that if the Mkt does not set up for me by 11:15 i am gone for the day... In my investment accounts i am long but hedged, and approx. 50% in cash so is that really long? I wouldn't say so. I'd say it's a waiting and watching position.