Watching the market fluctuate repeatedly at this level, should you cut your losses and exit or continue to hold? This question is probably troubling many people right now.

To be honest, whether you can turn the situation around depends not only on the price itself but also crucially on where your cost basis is, how much capital you have allocated, and your psychological resilience. If you used leverage, then the risk is indeed high; but if you're holding long-term with idle funds, the scare might just be a scare.

My observation is that there are usually two types of people holding through in the market—one is optimistic about the long-term prospects and willing to endure short-term volatility; the other is forced to hold, and has actually already wavered internally. The former often can endure until a rebound, while the latter usually ends up cutting losses in panic.

Rather than obsessing over whether to hold or not, it's better to ask yourself: at this level, are you still willing to add to your position? If yes, it shows you are confident about the future market, and holding is worthwhile; if not, it might be a signal that you should seriously consider reducing your position or exiting. There will always be another opportunity in the market, but maintaining psychological balance is the top priority.