My price was 10.50 and I sold it last Friday for 5.50.The big...

My price was 10.50 and I sold it last Friday for 5.50.
The big lesson for me is something mpeople say all the time, the 1st loss and the smallest loss.
Right thing to do is to open a position knowing when you want to exit on the up and on the down and stick to it. Define the stop loss and do not think twice to execute it. Yes, it can bounce and then you will feel sorry but I hear from experienced traders that you get used and this gives you pease of mind because many many times you will be right about jumping off and avoiding massive losses due to blind faith.
Stick to the plan, stick to the plan, stick to the plan!
A 5 %or 10% stoppp loss is pretty much recoverable but after that things get ugly. 1 month ago it was 8.40....we need already 60% increase just to be there again.....
Lost a lot but already sleeping a bit better now.....to keep an eye, wait for some better news and longer averages to estabilize before possibly going back here.
all the best.