Great posts Sharks and kmac. Like any trade, following your plan is essential and you should go into the trade knowing if it's a conviction trade or a quick trade etc. Now if there's a significant change in either the FA or the TA which results in a change in your opinion of a stock, well then I think you have to be open to changing your view and either cutting the stock or holding on longer. However I think that's very different from changing your level of conviction just because the sp dropped and you were too slow to hit the sell button and so now you're either stuck with a larger than planned loss or a 'convivtion' trade.
I've had my share of both ilof these and imo you should sell and move on, always feels better.
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