Yes, of course. You have to learn to take your losses too. If you don't -and this market is defenitly bearish- you only loose more money by holding. Only problem is that you don't know when things turn around. So you don't know exactly where the bottom is. But hé, nobody in the world can buy a stock on the lowest level and sell it on the highest. It's better to leave some profit then to make more losses than needed.