99% of my holdings are Top100 coins but I decided for the first time to invest some of my profit into Rejuve.ai as a very long shot.
Since I bought it's dropped by 50% ...... 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.
After buying a token, I don't set stop loss because I believe the project before investing in it. I'll monitor the project to know why it's dumping before taking a decision. If the dump is caused by the general market then I won't sell or set a stop lose but if the project is dumping because of other reason, I sell.
If the whole market is dumping because Bitcoin is dumping then there's nothing you can do as no project can stand against the movement of Bitcoin because Bitcoin control the whole market. If you decide to sell in this instances, you would miss the future gains you should have gotten.
Always observe your investment, know the reason behind why anything is happening so you don't regret the decision you take. Also keep spare money so you can buy more tokens if the price reduces after you have invested. Don't invest in a project if you don't believe it to be successful.