Do you have the same questions ?
The answer is it is depends on whether you are investing or speculating.
Stock speculation
If it is a speculation then you should cut loss your stock positions when the stock price decreases, the quicker the better. Please pay attention on your profit and cut loss level ratio.
Stock investment
If it is an investment, you shouldn't cut loss, even buy the stocks at lower price to do cost averaging. How about if the stock price decreases even more ? just keep the stocks and save them as long term investment or sell the stocks when you need the fund.
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