I try to be "in" as much as possible, but I have moved off to the sidelines whenever it looks to me like we've hit a peak. Even when I move out, I try to leave somein, just in case I guessed wrong. I try not to worry about the short ups and downs, but if anything is more than a three or four day trend, I try to play the trend.
Miss it many times, however. Like this week. I back out to only 30% in stocks last friday, and then pulled to only 15% stocks on Monday this week. Only to miss a nice run. What triggered me to pull back? One of the things was that there were more decliners than gainers for a couple days, and it looked to me like "C" was petering out.
I was wrong.
So today, I went BACK into stocks 100%, thinking that the number of shares overall gaining is beating the number loosing, so it still has some room to run north.
Oh well, 16 years more till retirement.