what do you do in such moments in your life ? besides being scared do you take any required actions ? in this moments do you sell or do you buy ? do you let go of everything you have or you try to hold everything together ? i am a big fan of this theory : people behaviour in financial markets are related to their personal characteristics . if a 5% or 10% retracement gives you cold hand and cold sweat you don't belong here . don't fight yourself
I usually try to sell a large portion of the position from the limit buy orders I previously put inside the dip ASAP in order to fix some profits and keep the risk at bay, and maybe put some new limit buy orders close to the support(s).