Been a while. Downside target taking much longer to hit than expected. So we have to re-adjust and re-assess. Still looking at $4800 as the magic number (to start buying back in), but still cautious that below $3000 is a possible "worst case" scenario.
I will ladder back in between $4800 and $2800, with gradually increasing position size to coincide with lower prices. So think 5%, 10%, 15%, etc.; with a pre-determined maximum investment amount to be spread over this range.