Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

Train, there is another element of risk management that I rarely mention, take off the table some of your profits (and into a fixed income pile, or for your daily other expenses) at the end of each month, at least, once your folio reached a critical mass). By the way, I rarely go as high as 25% of the folio in day trading, it may get that high when I am at zero cash, but I rarely go to seep with that much (that is the nature of day trading, only rarely go to sleep with the day traders). Typically, if I go to sleep with less than 20% cash I am very bullish, I am neutral in the range of 40% to 50% cash, bearish between 50% to 70% cash, and expect a nassacre when I go above 70% cash, I think that the max cash I was in was 90% in the last three years, during the February massacre of 2001, and the May early July nassacre this year. Unfortunately, just prior to the 9/11 event, I was only at 44% cash, since I was in the process of slowly rebuilding the long position (I had as a target Sep 16 as the low, so redeploying assets slowly about a week before made sense see my last post before 9/11 #reply-16328592).

By the way, the SKX notes exercise I mentioned here a little while ago is carried out outside the equities portofolio, and is not counted when I mention cash percentages

Zeev