Holding a stock that was only a day trade after it dropped and hit your mental stock loss that no longer looks good and then riding it down could end up a disaster.
In the case of $MEGL it dropped 96% in just a few days.
Understand that one can never do that.
NEVER an option!
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That said, if you are actively watching your day trdae and your stock loss gets hit.
If that stock no longer looks good.
You must sell.
Taking a 10% loss isn't bad.
You can make that back on your next trade. twitter.com/MasterBJones/s…