Rule # 3If you ignored Rule #1 and #2 and realized you made a mistake after you bought...... SELL and TAKE the Hit...... If it's heading south, better to sell and take a hit and get your cash back than to become a "long term shareholder" waiting to recover your paper losses.
If it's going lower, just sell. If you really want to own the stock, you can just buy it back at a lower price.
Buy Low, Sell High...... That's what traders do everyday/week. Why wouldn't you do it in a Market Crash????!!!!!!!!
OH, right.... because virtually all the money managers tell everyone to HOLD during a downturn.
All just my opinion/view/thinking