Just to be clear (I have posted many times before)

1: I am a long term stock holder. Most of core positions in my portfolio have been there for between 5-15 years.

2: However, I am not a “buy and forget" person. When I see the big trend changing, I will "not"sit there and watch my portfolio down by 30%-40% and do nothing. That is 8 digit loss that I would be dumb to not taking care of it

3: I rely on wave theory to play big trend, but instead of selling my core holdings, I mainly rely on hedge for protection. Hedge can not prevent all the loss, but as long as it reduces 70% loss +/-, I am happy as eventually stock comes back. I do sell some small percentage of position when they run ridiculously high (eg, 25% META above 700, 25% VST at 200, 30% PLTR from 80-120, some sideline NVDA positions) to provide cash for the upcoming 波段. 

4: You see me doing 波段 a lot lately because I have turned cautious since QQQ 540 (I have posted this many times here before).  Ever since Market topped in Dec, it has been going sideways for 3 months until the recent drop, elliot wave has been able to identify about 70-80% of the major changes during this period, and that is where you see me going in and out during big wave switch, plus trading my hedging positions (you need to keep rolling down a put spread when stock price keeps dropping).

  In fact, the only large positions I created in Q1 this year are BA and Oracle, the rest are mainly hedge + 波段。Aagin, this is due to my own investment style because I geneally do not sell my core holdings. In a down market, hedge+波段 is my only protection against big drawdown. For other people, they just sell their stocks at peak which is fine. Different people have different style.