I'm working on becoming stock smart, and was wondering how other decide its time to close out of a stock position. I'm currently in a stock position (LBC if anyones interested) and its just going down more and more, i bought it at 14.80 and the thing is just tanking, i think at some point i should i should just cut my losses and try a different position, and im wondering how others decide its time to exit out of a position.