Average Down is the biggest wealth killer, except when it comes...

Average Down is the biggest wealth killer, except when it comes to Index funds or big caps like BHP, RIO, CSL etc.

You should never hold a stock during a downtrend, applies to all stocks and index funds as well.

Outright Sell is the best option in this scenario. I did that at Open of trade when the news came. Yes I booked a loss, but I'd be in a bigger loss if I held on. You can always buy back when stock begins to recover. No one knows, but you could be buying back the stock at 5c and when it comes back to 10c you may be sitting at a 100% profit, as opposed to a bigger loss if you held on. No one knows the bottom or top and you should not try and predict it. Just follow the trend.

Above are my views only. Not a recommendation or suggestion or a proven fact, and I don't know your circumstances. DYOR. All the best.