Morning all. Times like this you have to forget what you paid for your shares. You have to base your actions on the current price. If you paid 60c and SP is now 30c you can still trade 30c to 35c a few times and half of your loss is covered. If you sit on it and wait till it gets back to 60c you have wasted opportunities. And you don't have to trade the stock you are losing on either. Just because you lost on a stock doesn't mean you have to make up the loss on that stock. Sell it and get on to a better trade.
As Kate tells us, you could also learn how to short. Someone else will have to advise on that.
