Bch currently sits at 0.12btc. I initially bought in to day trade, which it went up to my goal on the day. However I held it, I'm not good at taking long positions and I've lost about a third so far. I'm unsure whether to cut my losses or hold. Anyone with a technical analysis or an opinion on whether or not I should cut? Anyone in the same boat?
Maybe you should look at it in terms of $ value, not
BTC. Might help lower the mental anxiety.
For instance, if you bought the start of August top 0.2
BTC was worth around $540, so pretty close to what it is now ($512 right now). Trade out, call it a small loss, research day trade coins and try again.
If you bought the mid-August top, it was worth around $825 so you've got a tougher decision...hodl and check back in a while...or trade out and call it a learning experience.