I hope you followed my recommendation and bottled that great rally feeling, because the coming days may not be all that spectacular in the feel good department.
The market goes up and down. Go figure. We make sure to stay on the right side of the trade.
Don’t let any profits you have turn into losses. Don’t let losses get bigger than you can comfortably handle. If you have the experience to do so, make sure longs are hedged with some shorts. I have moved the vast majority of my holdings to cash and will hedge the longs with an SH position for now.
Good read from Mark Hulbert right here.