When will you risk-off your equity positions?

[tck]

I'd say my historical portfolio about 70% longs, 30% shorts. Last few years though, this bull market has had me pretty much 150% long equities with very little hedging. So far this has been great for riding this massive wave, and I imagine a lot of people are riding it as well.

I'm wondering when people were thinking about easing off the gas with their portfolio? We're coming up on 10 years since the sub-prime crisis in 2008, but bull markets don't die of old age. Are there any signs or catalysts people are looking for to start hedging / cash in profits / take down leverage?

Edit: I guess this could be posted in any general investing forum, but I guess I'm wondering specifically as it pertains to Hong Kong. Is there's anything unique here? or maybe in property markets for developer stocks (beyond their already unaffordable prices)?

[cendrillon]

Personally I'm always 100% long. I don't believe I can time markets and attempting to will most likely cost me more than it will gain. I just accept that at some point a down turn will come, but I also know I'm going to capture enough gains by holding through thick and thin to more than compensate for those down turns.

[bigcrown]

I’ve just sold everything that I bought last year. I’m still long for some of the stocks with yield I bought back few years back...

[Grumbler]

depends on how much spare capital you have. like others, mostly long myself. but just reduced some of the less risky etf positions and bought some etfs in risky sectors. weed (mjx), artificial intelligence (botz), and blockchain (blok). will go long on these for a while unless some crap happens.