My thoughts based on whatver experience i have in markets would be
SELL if the business does not hold promise or you find another lucrative opportunity better than the one holding right now or if you know you can get entry again at lower prices
General bearishness in market can not and should not be the reason
Many such drawdowns happens over investing journey
2020 drawdown –those who sold, could not buy back as prices ran away faster and they have to buy again at higher prices
So when selling, one is making two decisions
one to sell at correct prices
second to buy again at correct prices
now getting it correct both times for same stock and then repeating it multiple times in journey is really challenging
Ofcourse some people claim to do that –but that percentage, I assume is very less and we dont know how much it it true
I would say traders do it more and investors do it less
So best part here is to identify ourselves –in which domain we lie
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