When to cut losses?
So, I have a few crypto day trades that I have no attachment to that have sunk far below their original price (due to the sudden dips in December and January). Some are even below 50% of their original value.
I was thinking that they are not likely to return back to their value any time in the next few months. Maybe it is time to cut the loss, and return their value to the current day trading levels?
Any advice?
Personally if they are already that low I would ride it out and see if they come back up. The entire market is down right now, but most will bounce back.
Yes, I was thinking that, but on the other hand that is money locked up that can't be earning money today...