Charlie,
DON"T do what I said. Instead, do what makes sense to you in your own specific situation, which is going to be different for each investor.
The mistake (nearly) everyone makes is to confuse and equate this investing/trading stuff with the whole of financial planning. Well, it ain’t. This investing/trading/gambling stuff isn’t even 10% of the larger picture, nor is it even a necessary part of one’s overall, total financial plan.
Worse, right now, national and global markets are a mess, due to decades of central bank money printing and decades of governments spending beyond their means. Some very credible people are projecting a crash ahead of us worse than 2008, worse than '29. If those warnings are credible, then one’s focus needs to be defensive. How translates to specifics will vary from person to person.
A