Totally agree with your viewpoints. Being glued to a screen all day is not in the cards for me either, however, I do check in frequently during the day to see what the market is doing.  I put in lowball orders for my core portfolio at fibs, trendlines, etc.  

    I also sold about 80% of my core in the much higher areas and have added some back, general cost basis 4180 ish spx.  The commentary on this site has helped me immensely stay in tune with the market. I am still only 40% back into my core holdings. I sell calls at about 10 days out, 20 to 30% chance of in the money to milk more from these positions and of course enjoy the dividends. I rarely short because it's so tricky. 

    I believe in simplicity, mainly from experience of holding an individual stock position in the past and having it sit or go down while the market rallies, so now I stick to the ETF's and leveraged ETF's.  It's also so much easier to technically read the SPX vs a specific name that can take a dump on you with a news story out of left field. 

    I also love the SPY/ES system because, it gives me the extra spark to enjoy the big swings in the market and feel like a participant.  With it's stats and with my own tweaks that has been a vacation fund! I think this system is a lot of fun even when it experiences drawdown.  Followed religiously, especially those third signals, it really pays off! 

    I love the educated participants on this blog and realize it's a real gem as there are not any other sites for true traders that I have found.  CNBC, Cramer, et al I view as talking heads that need to fill content and on any given day you can get a number of viewpoints mostly telling you what's already happened in the market. It just serves to confuse me.

    There is my manifesto, happy trading and enjoy your day as well!

    Thanks and enjoy being away

    Posted by steve on 6th of May 2022 at 08:36 am

    Thanks and enjoy being away from the screen     

    Thanks Steve, I assure you

    Posted by cozz101 on 6th of May 2022 at 08:40 am

    Thanks Steve, I assure you I check in frequently, especially today; it's raining here     

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