It’s been a while…
Didn’t feel the need to write since beginning May…
There’s a thing about words.
When they want to come out…
…and one should let them.
Right, and there’s a need for words, since…
…(wouldn’t you say),…
it’s time for a status check.
Where do we stand?
Positions are running.
When to cut?
What’s the plan?
Frankly, I don’t believe in cutting something I like and am convinced about.
Well, there’ll be no cutting of anything I’m convinced about.
If and when we reach euphoria levels, we’ll take another call about what kind of profit one is booking from one’s high-conviction holdings.
It’s very possible, though, that there will be no profit booked here.
High conviction holdings translate into multibaggers.
If I’m booking even part of such a holding, I’m lessening my quantum of multibagger-holding in the future.
So that’s sorted – high-conviction holdings – not booking.
Maybe, at extreme euphoria, we might take the cream off the top of an overflowing glass.
Now let’s come to other holdings.
Along the way, one’s conviction in certain holdings tends to waiver.
We’re booking all of these.
At extreme euphoria.
How to know when that’s happening?
Look for signs.
Least likely people will start behaving like market-experts.
You’ll start getting calls from lay-people, asking whether they should double their SIP.
Other-field mavericks have now become F&O maniacs, voluming seven figures per day as if it’s a normal activity, like eating food.
You’re suddenly being asked about all kinds of stocks running at absolute peaks, whether they are good investments.
Don’t get irritated.
You’re privy to the best possible indicator – human psychology.
This one will never change.
Earlier, you fell here.
Now, this avenue has become your guiding stone to gauge market bottoms, and tops.
It’s a win-win for you.