There's a piece of little known information about market corrections, no one knows when they will happen simply because there are too many dynamics in play, however those with experience can provide a general guide for when to expect it, and therein is the problem, with leverage you cannot use a 'guide' you need exact numbers which not even presidents nor world class economists can provide.
Plus because the world is 'long only' you are playing with fire as the minute, literally, you look away the market will invert and today the fund managers noticed too many times a move inverting 200% in the other direction, taking your profits and if you do not exit at zero, which most find psychologically impossible, also taking your capital as well.
The theory is nice, the practice is next to impossible for almost everyone, what you really want to do is wait for $6 oil or 18k Dow which both happened, they are known are long-tail (fat-tail) events which statistically cannot happen but happen more than you think, plus there is a simple fact about the markets and finance, when the correction occurs you will be at your lowest liquidity thereby not be able to participate in the recovery.
The trick here is you use the correction to generate some 'seed' capital and then go long at the extreme event which is where you make the core profits, you can do it the other way around but I can assure you that you will not sleep at night and will probably destroy parts of your personal life along the way, the world really doesn't sync very well with contrarian viewpoints.
