Even for long-term positions, I always use technicals to invalidate if needed. Conviction doesn’t mean ignoring invalidation levels. If a key level breaks, I cut a percentage. If it reclaims, I reassess. Every buy must have a clear invalidation. No catching knives. No blindly holding just because it’s a “long-term play.” The key difference is differentiating whether a trade is short-term vs. long-term. For short-term trades, I have a plan to go 100% in and out. For long-term positions I never *fully* exit, I trim based on conviction: • High conviction: Invalidate 30% • Mid conviction: 40–50% • Lower conviction: 60% Risk management isn’t about selling everything. It’s about knowing when to reduce exposure and when to go risk on.