As the market continues to erase every pullback in short order, investors are focusing less on downside risk and more on upside potential. Controlling losses is no longer a priority. As the markets heat up, investors want a piece of the action. As contrarians, that isn’t our approach, and it shouldn’t be yours, either. Ideally, concern for downside should rise along with the market, just as ensuring you’re positioned for the rebound should be your objective during a long bear market.