I did took a hard look at all my counters and I DO Wish to take some profits off the table, yet, when I examine the results to buy, they are still intact, even using a generic reason of rebalancing didn't really make sense, as counters that run the most doesn't really take up a big chunk of my portfolio. Yup, my bigger bets didn't do as well as my smaller bets. I do want to keep a sizable portfolio vested as I believed my entry price is of value.
I am quite sure the market is due for a breather, I am not too sure if there will be a correction (10 percent drop) and I find it unlikely that the market will go to bear 🐻 status. ( That would properly be my break even price and I will likely hit my head again) and I believe it is even more remote for it to reach March low of 2020. I use no leverage and I have holding power if the worst do happen.
I know there are many schools of thought, some TA investors might make sure of the volatility and earn the gap. I am not in that school.
Some traders also might see resistance or momentum and want to profit from it.
I am rather the boring guy who buy when I see a gap to valuation, and sell when I believe the growth catalysts are all fulfilled or if it is overvalued due to euphoria.
Looking at the counters I had, I did trim TianNeng Power from HK, but other than that, I see a few more quarters of good reports, and I also see a fundamental shift in business structure for quite a few companies.
Ya.. I, like what some other investors, say, are the subjective opinioned guy.
I think I can sleep with my though process though, as I suffer no cognitive dissonance.
Hope u be at peace at your choice and huat. I hope I made the right call.