the dilemma which will never go away and unfortunately is no right or wrong. i think a lot of it comes down to your personality as well which is a really important part of investing/trading to match your approach & method to your personality
i know i would struggle to sell out and wait patiently for it to come back down (if it does) it would make me too anxious
i think one thing that might help these urges or people who like to sell out and buy back - is to have 2 parcels i.e. have your core holding that you never trade and then have a holding which you can trade and try and time some of the swings. this is something i wish i had done over the years as you might remember at the end of 2017 we had that big spike and i watched ~$300k in profits slowly disintegrate over 2018 and 2019 (i'm relatively young so this was a really big deal to me).
The same thing happened to me this year from Jan to July i watched close to >$600k in profits vanish on my screen. but many books have explained that this is just part of investing and holding a volatile growth stock, you are going to see profits come and go whilst you hold which is why conviction is so important when you hold.
one of the best things i ever read is a sentence from Reminiscences of a stock operator:
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