Newbies can easily be influenced from what they hear from speculations.. I've read several times people tend to advice to hold long term. because its easy for them to say JUST HOLD cause theyre not the one losing! For me its not all about holding, its being smart about your own invesment know when to stop and cut the losses.
What are your thoughts?
You're right, newbies who are only interested without having information are very easy to influence, they also tend to believe in negative news (despite false news). For me to stop or cutlose it depends on my original plan, I mean since I first took action or bought it as an investment, before that I already had a plan and strategy in dealing with unexpected things, regardless of whether my actions were right or not.