My Trading Strategy Going Forward

It has been unbelievable to watch the performance of the market of late, and if you are a bear still to this day, it is  probably one of the most  painful things that you have ever gone through. Now, I was only short for a part of the rally up, and I can tell you, from a personal standpoint, that it was an incredibly tough experience and not something I hope to repeat any time soon.

As it stands now, my bias in the market is to look for long positions that offer the best risk/reward setup. However, there is no way on God's green earth that I am going to completely allocate my portfolio to the bullish cause at this point in time. Right now, I am about 20% vested in this market, meaning that 80% of my cash is sitting on the sidelines. I don't see where I am going to be committing any large chunks of my cash on any new positions as it is painfully obvious this market is extremely overbought and to go long more than I am currently, from a general market standpoint, isn't putting me in a position where the risk-reward scenario is in my favor.

Here are the rest of my thoughts on my market strategy.