People tend to be too skittish. I should make one thing clear, I'm not a short-term trader. I use technical analysis to make short to medium-term forecasts and to keep my mind occupied. The fundamentals, broader macro picture, valuation and overall theme is what determines the long-term. I don't really care if my positions fall back to a support level if an underlying structure remains and the valuation is sound. In fact, structure may become temporarily fractured and it won't deter me if I believe the long-term thesis remains intact. The most important thing is that you can remain mentally resilient through volatility. If you understand what you own, you'll feel more at ease when the boat gets rocked.