RE: to deleverage this trade or not to?Something to strongly consider is taking advantage of large corrections to reposition at a lower price. Mainly, there is a need to keep ahead of the decay.
To be honest patience is often my worst enemy. The fact is that I can draw a chart a lot faster than the mkt trades. I still do very well in capturing most of the moves, but would do better if I waited longer for the entries and exits.
Bottom line is that this is not the time for the bears. This is a very long cycle of bull mkt that is topping. I realize that the mkt can't be rushed, and it is not ready to go down. Not even close.
Believe me the rally coming is not one to be short in front of... Financials are outperforming SPX - not what you want to see as a bear.
https://cyclicalmarketanalysis.blogspot.com/
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