Portfolio update - 20 Oct 2025

Trimmed my exposure significantly around 10 October (?) from 170% long down to 80%, after seeing Trumps tweet about tariffs on China (again).

Remaining names are mostly value which I'm less worried about, but am watching closely to potentially lighten up more if the market weakens further here. Held onto SLV and IE calls, which have done well, but will take profits on a chunk of those at today's open to avoid round tripping in the event of a wider market crash.

With the massive run up this year, I feel content, and am now thinking more about holding onto gains as opposed to putting on more risk. I don't know what the market is going to do, but with the SPY at the 50 day, and the strong rally in the past 6 months, I think it's more likely for the market to move sideways or go down, than it is to go up.

Regardless, I will keep an open mind and be mentally prepared to take advantage of any opportunities that may arise at this juncture.