the most important thing during an accumulation is to not get overextended in case of a prolonged downturn, like we've had over the last year.
i've consistently said i have no debt, have real estate, and have a self owned highly profitable business that allows me the diversification and peace of mind to not get shaken out. this bull mkt is vicious and has already shaken off most of its original bulls including guys like tvbcof (to whatever degree he will admit).
Admit? Hell, I practically brag about it. I set my 10x and 100x targets that I set when I was accumulating and have made myself stick to them. In fact I didn't call any tops. That I sold on one was really just a personal 100x-ish target. But I did mention what I was doing.
All throughout, even when I was buying and saying that I didn't think it was a bad idea for some folks to take a position, I have made it plainly clear that I see risks, dangers, etc and taken the efforts to describe them. If that is mistaken for 'bear' behavior, oh well. I personally consider it simply being responsible. I took the time a few weeks ago to outline the strategy and thought processes I used when I was accumulating for the benefit of those who might be accumulating now (which I think is appropriate for some to do) but that in no way makes me feel like I should not be pointing out the risks I see. Just the opposite really.