I'm behind S&P for the year, not happy with the year but its also not over. We get some volatility and I can fix it yet. I under estimated how strong this rally would be and was too cautious, a repeating theme. I'm good at declines, horrible at melt ups, very consistently go further than I think.
I sold out of my biggest positions a month or two ago due to valuations and how I interpreted not just the charts and metrics but overall market movement. Im sitting on like 60% cash right now so missed out on a chunk of this rally. The only way I do better this year is if we get a fall off a cliff drop before the new year and I can put cash to work at good prices. Im not wishing that happening on everyone else though.
Incidentally if you cash out to the point that you're 60% in cash, I'm assuming you're holding very little in the LTCG window and basically pay your income in short term capital gains each year? Thats fine, not criticising, just wondering if I'm missing something or thats how active traders end up being taxed.
I blame autocorrect, and also the pre-gaming I'm doing waiting for the wife.
