Each investor is different, but for me if I start feeling like the short term share price is impacting my emotions too much.. then it is telling me maybe I've over invested at the current stage and may look to slow down or pull some out just to ensure I don't do anything silly if the price swings against me and triggers a panic sell, when in fact I should be buying!
I tend to actually find it much harder to hold on when things are going well, as opposed to when they are going against me in the short term. I feel comfortable holding at a paper loss, because I trust my research and I also accept I will get it wrong sometimes.
But when I'm up a lot, the urge to pull some out and take profits is a very strong urge that if acted on hastily may end up with regret. To deal with that I have levels which I am comfortable to take some profit at, with ultimately a goal of free carrying an investment.
CHM Price at posting:
30.8¢ Sentiment: Buy Disclosure: Held
(20min delay)