Cash is a trap.

People go all stables to sit out turbulence, but it’s often a quiet way to sell their upside. The stat that keeps me disciplined: miss just the 10 best days over a long window (25 years) and your total return can get cut roughly in half.
And the part most don’t internalize: around 70% of the biggest green candles tend to happen within 2 weeks after the most brutal red days. If you step out to wait for the bottom, you’re almost guaranteed to miss the snapback.
For me, rebalancing inside the portfolio beats going fully sidelined. The risk of missing the X-days is higher than the discomfort of riding drawdowns.