As a longer term investor: It's important to keep position size small to withstand drawdowns.
Watching the market and raising cash at extreme levels and rebuying is easier.
But also knowing there will be times of drawdowns. You have to lose sometimes in order to win big later.
Not being overly concerned during the down times is part of the game.
Being patient and waiting for the fat pitch is the other.
I took a few small trades and my position size now is very small. I need to refocus and revive my confidence so I can be successful for the long term.