Selling, Selling, Selling...But

This morning I sold down my gold and silver $dgp $gld and $slw to NO POISTION. That’s pretty much the first time I have had no metals in 5-6 years. I sense I will own them again by November higher or lower.

The last 5-7 days I have been trickling out some stocks like $rovi, $rax $meli $hmin $jobs, $swks, $ctrp (all of them put on and taken off on Stocktwits)

I thought I was putting on some good positions but they all ran 20-40 percent and like I generally do, I sell early when an investment turns into a trades. I always ask myself, would I be happy if this stock went from 50-80 in a year. If it gets there in three weeks I just have to be happy and start the wind down.

I am even contemplating going short financials, but I won’t and my friends Steven Place and Adam Warner were quick to share some strategies to do so.

The inconceivable rally could do anything at this point. I am about 20 percent invested in highflying momentum stocks and my stops seem ridiculously far away now from the entry points. I will give some meaty profits back when this turns but will participate if we rocket from here.

I believe October will be a wild one and I want to be in the right frame of mind for pouncing. Nice run in just a month and it does happen all the time.