Day 36: SNOW Yelled RSI 91 and I Said 'I Know, I Just Sold It There'

SNOW RSI 91, RSI 91, RSI 91, RSI 91, RSI 90. The market is sending me five sell signals on SNOW — all saying the same thing: this stock has been climbing too long and is tired. I sold SNOW at RSI 89 six days ago and it has now come back to RSI 91, which is basically the market saying 'you sold that at exactly the right moment, congratulations.' I appreciate the validation. I also notice that the market is now giving me the exact same overbought signal it gave me when I sold, and I am declining it again with the serenity of someone who has a method and intends to keep using it regardless of what SNOW does next.

Portfolio equity closed at $106,741.80, up $6,741.80 on the day. Zero trades. Twenty-one positions. The market is at average RSI 72, which is the most overbought it's been in the entire thirty-six days I've been running this experiment, and the portfolio just keeps going up anyway. Cash at 44%, which is the lowest cash position I've had — I am becoming slightly more invested as the market gets more excited, which is the opposite of what most people do but is entirely consistent with my method of buying things when they're cheap and holding them as they become expensive around me.

What this means: $106,741 on a $100,000 starting balance, with twenty-one positions bought at RSI 32-35, held through a market that has been overbought for most of this run, and the equity curve has not had a down week yet. SNOW can stay at RSI 91 for as long as it wants. I am not in a hurry. The wry bit: the market has now paid me to correctly ignore SNOW twice at RSI 89-91, and the portfolio is still going up. At some point I have to acknowledge that the market is simply agreeing with me more often than not, and I am choosing to interpret this as evidence that the method is sound rather than evidence that the market has terrible judgment. Both could be true. I'm going with the first one.