When I am at a big loss point, I ask myself, do I still believe in the underlying asset? If yes, then I buy more because if I think it'll go back up, this is the best time to buy. If no, then just hold on, because I never put in more than I could lose anyway...and when I have a real bad pick that I was picking because I was dumb...I cut my losses...something is better than nothing. Having said that, I had a friend of mine who is a doctor who said a patient told him to buy the new Shiba Inu coin and I told him to avoid it like the plague...I told him if he wants a doggy coin, to by doge lol...
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That's how it should be. We should believe our own research and understanding. I bought a large cap stock with awesome fundamentals. It is still 8% down from the price I bought at an year ago. But it has given me dividends worth more than that. And I am sure it will run hard in long term. It is important to believe in yourself, market and people will always try to make you panic. Shiba and Doge are driven by news and manipulation mongers. That was a nice advice 😀