this is all dependent on your risk tolerance / portfolio size + cost of living
higher port size = higher risk tolerance imo
usually aim to take initials at 2-3x, then slowly exit as more multiples occur, almost always leave a moonbag, but moonbag should be 10% or less of what initial bag is
on cutting losses, do it quickly if you're a small portfolio imo, better to save capital than get attached to bags
NOT FINANCIAL ADVICE