“I didn’t cut my losses in time. Now I’m -80% on some tokens. I’m not sure what I should do now with them. Should I keep these tokens and hope they rebound, or cut my losses and deploy them elsewhere?” I can’t give a one size fits all solution, but here’s how I think about things. 1. You need to reflect on why you didn’t cut these tokens earlier. If you don’t, then you’re doomed to repeat the same mistakes again. You didn’t have the right rules in places, or you did and you didn’t follow them. Figure out the root cause. 2. My criteria is simple: “If your portfolio was converted 100% to stablecoins and you could rebuild it from scratch, what would it look like?” This exercise removes all the bag holding bias you have. This means you need to re-evaluate all your positions AS IS today. Is the protocol still developing? Are there catalysts that can increase the price? How’s the community sentiment? Holding onto a losing position IS THE SAME as buying it everyday. Because you always have the option of selling. You put $10k into a position and now it's worth $2k. The question is...is the $2k better off in the original investment, or can it have a better ROI on a different token? If a token is down -80%, it can have bad sentiment associated with it. 3. In general, I think cutting your losses is good because it’s a chance to start over. People underestimate the mental benefits of a “fresh start.” Remember, just because you sell a position doesn’t mean you can’t re-enter again. Perhaps it can be a better risk-adjusted investment in a few months because you can see the protocol developing. This is my approach. Would love to hear what you guys think.