so my question is when you buy a microcap moonshot do you place a stop loss to try and get it cheaper if the price drops significantly or do you simply buy and hold in the hope/belief it will make significant gains come the bull run.
Most of microcaps are listed only on dexes (without stoploss) with little liquidity and high volatility. Volatility so high that 30-50% up or down push is nothing extraordinary. Liquidity so low, that wrongly places stoploss will dump price to zero (flash crash).
I agree with o48o. the only option with such investments is to allocate a very small part of the portfolio and forget. Kind of like sending a lottery ticket.