No one knows when the pullback will occur. If you are a holder and want to take profits but are unsure of what to do,

Partially taking profits is always a better idea.

This way, you prepare for both scenarios: a pullback and also more upside.

If you missed this move, many traders are waiting for a pullback to buy and many of them are short selling thinking there will be a pullback. Waiting for the pullback is fine, but revenge trading or short selling is not.

As I said, no one knows when the pullback will occur, so stop guessing and short selling anything just because you missed it or simply because you think it’s too high.

Markets can remain irrational longer than you think.

Play it safe.