Bookkeeping: Reducing Exposure to DR Horton (DHI) Trade

I am reducing exposure to Friday's DR Horton (DHI) trade from 2500 shares to 1500, simply due to the fact of yesterday's breach of critical support levels in the markets overall. I sold these shares at about a 1% premium to where I bought them so no real benefit (essentially a wash), but now that the market has more potential for breaking down, I am taking part of this trade back. Again as I originally stated this is simply a trading position, not a core holding.

I'll look to add these shares back at a lower level, if we do sell off.

It is hard to make any sort of stand going into Friday's flawed labor report - we'll have an overreaction one way or the other. The market is at the point it is desperately grasping for any silver lining in any report so even a somewhat bad report might make it happy that "things are not falling off a cliff", but on the other hand if this report ever does reflect what is going on, in the real world it could degrade significantly. But there is no edge going into this report so maintaining a more hedged outlook is prudent - this way... whatever the knee jerk reaction is, I'll have something working when it happens. I hate these "bipolar" moments, similar to Fed meeting days, where something totally outside of the realm of control and nothing to do with fundamentals moves positions significantly. So I'm just playing defense (hibernation) for now, and waiting for 8:30 AM Friday.

So I'm just in a holding pattern, circling the airport waiting for my landing time Friday morning...

Long DR Horton in fund; no personal position