You need to have buy and sell strategy of your own based on your risk appetite.
If you are afraid to invest more at high valuation in your stocks, then existing holding also at risk of losing their current value. Why are you not exiting and moving to other undervalued stocks?
If you are sure current holding yield better returns then should not have doubts in adding more.
Think about it.
Typically fund managers rebalance their holding with in portfolio based on valution and future growth.
Example if have chemical stocks or IT stocks which are facing headwinds now, add more there as they will recovery later.
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