New investor, bought few stocks but dropped quite a lot. I intend to hold long initially, but after seeing much loss, I'm uncertain. Should I hold long or cut loss?

As a new investor, I really suggest you spend some time reading up. The stock market is a jungle, others will eat you up if you do not enter the market with some form of knowledge.

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For one, you need to know when to get into a stock. ( know Some form of timing the market and chart reading) Dont chase the stocks when the price is soaring. And at 5% loss, you must know how to cut loss.

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Protect your money like hell. do not get into the market if you do not know it well yet.

Some are really good stocks. I’m personally in afew of them, BABA (down a lot), palantir, SE, NNDM.
Out of all this, I feel I’ve made a wrong move on NNDM. But I’m hodling since it’s just a small amount.
If you have the time horizon and you personally feel that the fundamentals didn’t change, continue to hodl it, in fact, DCA in to lower your price, you’ll reap your rewards in years to come.

Butttt be sure to Ask yourself, why did you buy the stock in the first place ? Did things change ?

Others have more or less covered what I wanted to share. Most important to me would be the valuations. do yo understand the intrinsic values of these companies you bought? For example, if you know that SE is worth $X after doing your own valuation model, you'd be able to sleep soundly at night.

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any dips would be your friend because that means that good companies are on a discount!

As a new investor, never panic sell. Take a deep breath, and ask yourself what resulted in the drop? Is it because of the pandemic? Government regulations? Other competitors?

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If the cause is temporary, and the company fundamentals are still there, hold on to it. But in the case of Chinese stocks like Didi and Baba, you make want to take caution as the Chinese government are imposing very tight sanctions on the tech companies.