Only go long if you have strong conviction breh. If you don’t, why invest in the first place? When I’m in a tough spot, here’s what I do: I sell a manageable number of shares each day.
I once held onto a terrible penny stock. When it dropped 80%, I couldn’t stomach the loss, so I scaled out gradually over three months. It didn’t crush me psychologically, and by the time I got out, it rebounded a bit, so my loss wasn’t too severe. i've sold terrible stock all at once before, i didn't feel good doing that. messed me for weeks.
Ultimately, it comes down to how you handle losses breh. do your DD and see if there's a new catalyst. if you know nothing about the company then i would bail. i'm only going long if i know everything about the company. i believe in TSLA, so i'm watching TSLA stuff pretty much everyday. are you watching MRNA stuff everyday?
