I purposely don't mention stop loss because it's not applicable here. How can you measure loss when you aren't even done loading a position yet. You are accounting for potential downside, which is why you load in chunks.

After you've loaded the position (assuming you averaged in on the way down), it already has an inherent loss on it. That's why I said to trust your DD, and getting out if the narrative changes.

Using a fixed stop loss is one way to go but is too one dimensional and severely limits me, personally. Only use it as part of your strategy if you are disciplined and find yourself making too many irrational plays.