Thread by @TheLastDegree

Exit strategy (thread)
Only valid IF I get my expected explosive silver move to fibonacci targets 22.6 all the way to 26, in the next 2-4 weeks.
If not, I just sit.

(2) only for active investors as I expect the bull to continue for a very long time: sit is a perfect alternative .

I am only outlining what I do, don't ask me what you should do.

(3) I expect in miners a 20-33% correction and hope to catch half of that by trading.
Miners portfolio: I will raise cash by selling 23 of 71 positions.

(4) those 23 are the ones from the top 25 I posted earlier, minus Vizsla and Argent which are drill stories.

Leveraged portfolio: I will start taking profits depending on GSR

(5) Depending where GSR is when silver hits 22, I can continue to sit or start to scale out.

I will post live if that happens after next week.

(6) when I scale out I can at the same time start to scale in on shorts.

I will only go short in the leveraged portfolio, partly as a hedge for the remaining 50% long miners portfolio, but overall I will be net short.

(7) shorting in a bull market is something you never do if smart.

1. I will only use the 10% capital of the leveraged portfolio
2. I am not smart

Don't try to do this at home.

(8) leveraged portfolio will first be for example 80% long (old positions AG, HL, SLV) and 20% short Gdx puts.

This will evolve to 60/40 - 40/60 and so on.

(9) I will scale in first in gdx puts 50% (to hedge the miners) - after I will scale on SLV puts to end up net short.

Only IF we get a blow off top to 22-26.

Otherwise I am just sitting long and happy.