I firmly believe in buy, hold and forget it for atleast the investment horizon period. If my assessment is reasonably foolproof and if I have conviction in the story, I will not sell unless I need cash. Short term fluctuations actually don’t bother me. Some stocks of my portfolio (over 10 years) has proved to be multibaggers for me. I bought GAEL in 20, it’s now 360. I bought Berger Paints in 62, it’s now 574. I bought CCL at 56 and it’s now 629. Bought Can Fin at 20 and sold it at 2800 as I needed cash for down payment of my home. There are few more like these. My view is that you need to find cheaper values stocks, believe in story and then (almost) forget about it.
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