Covered my tech shorts at a loss. It was a mistake to hold onto SMH and XLK for so long with the AI bubble, they turned bullish weeks ago, should have cut then.
Still expect a downturn, but the bubble can go higher for a few weeks/months first. Plan to buy some more puts next month, then add more shorts heading into August.
Plan to slowly add more short positions, before the next downturn. And wait for the downturn to add some longer term investments. Right now I'm doing nothing.
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