Man stares at potential double top in his Roth IRA.
Every week the man stares at the chart of his Roth IRA and then posts it in the Portfolios segment of NFTRH reports. The IRA takes in no contributions, so the chart is based on its market performance only.
Last week in NFTRH 840 the following was noted, along with the chart…
Some may think it is a silly to illustrate the chart of an actively managed portfolio, since I have control over everything it does. For example, I could sell everything right this minute and stop that double top in its tracks. But this picture does illustrate what I looked at on Friday when I began throwing items overboard in service to raising cash (and risk management). As I am not short anything, more items could be sold this week… or, pending market indications, I could go the other way. But it will all be against a more structural regimen of risk management until we finally have an upside termination to high-risk markets and risk is cleared by a strong correction, at least.
I am now short three items and much less long than I was a couple weeks ago. Once a man who stares at charts (it was my first love, after all), always a man who stares at charts, I guess.
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