Hi Pat, I'm new VIP member and I like how you teach CANSLIM system to the people in your videos. As we are in bear market right know I'm back in cash position. I would like to know about a strategy how to get fully re-invested after bear market ends, because especially in the beginning we do not know for certain we are in new bull market (I learnt a Follow Through Day can still fail, if it is only a temporary bear rally).
The background why I'm asking this is after the September correction last year I I thought we would fine and usual year end rally would start. I build up many positions by then. However market turned around in November and most of my stop-losses got hit. While I did not risk much on a single position, it was the accumulation of losses which led to bigger drawdown for me.
Similar situation but to lesser extend happened to me in March when I thought we would be fine during this strong rally (which turned to be out only temporary).
That was also a reason for me to join your service as you have a lot of experience in the markets. So my question is how would you build up your positions (how many and position sizes) again after Follow Through Day (as we do not know yet it is new bull market) ? For example, would you take first two half-sized positions, see if they run into profits then get another two full sized positions, see if they also run into profits and so on.
How much time it would roughly take to be fully invested again after Follow-Through-Day ? (e.g. 2 months). What further confirmation after Follow Through Day we need it's new bull market to be more safe ?
Sorry about asking that many questions and appreciate your help. Many thanks. TJ