this plan only applies to myself.
After reducing equities from 70% accumulated in April - August, to 60% in early October (this was predetermined trade management decision, in hindsight if I hold them all I'd be 80% in equities today lol), then I had to further reduce to 45% a few days ago (just to manage some accounts).
market is surging - do I not feel the least big of regret that I reduced too much? I'd be lying if I say I don't.... but position/account management is the part of the job, so overall - no regrets.
so what to do now - trend is definitely up... so buying on the next dip should be a low risk move... i.e. even if the dip goes below the entry point, there will likely be a rebound to get you out of trouble.
there is also a possibility that a meaningful dip never comes.... so here is something that an experienced trader can do.... rather than trying to chase the pig... will just have to look for when the pig gets fat enough to set up short side trades.
So the opportunities are always there.. the market opens everyday... humans will always repeat their mistakes, by being overly pessimistic or euphoric... now I have 45% in cash, plenty of ammo to fight the next battle when the price action determines that a turning point is coming.
meanwhile - looking for a warm place for vacation.... it's been a good year, time to reward the hard work.