Leaving money on the table

As the market makes new nominal highs, I have been slowly shedding positions as they approach my estimated intrinsic value. In fact, due to various central banks' actions, I believe this market rally is not an accurate reflection of the underlying economy. Due to this concern, I have been very fearful as I saw the DOW hit the all time nominal high followed by the S&P 500.

Being fearful has prompted me to take profits early-- as in, I have been selling position(s) at a 10 to 20% discount to intrinsic value estimates.

I am knowingly leaving money on the table; but it helps me sleep better.


Full Disclosure: N/A