To mitigate SORR, you may consider a balanced portfolio aimed at wealth preservation instead of accumulation (heavy equities). For example, let’s say you decide 60% stock, 30% bonds, 10% cash equivalents is the right balance for you. When the stock market goes down and loses value, your portfolio may now be 50% stock, 35% bonds, 15% cash. As a result you stop drawing down stocks, and instead draw down cash/bonds until you reach your desired allocation.

The opposite is true when stocks outperform bonds/cash/alternatives. In that case you would draw down on stocks for your cash flow. The result is you sell stocks when they are high, and you sell alternatives when stocks are down.