What to do?
I think the thing to do is not be afraid of selling out at a loss and moving to another sector. Look for some short term trades in stock with good volume, following a rising price channel, buy bottom sell top. Mining stocks are hard to value, there is no earnings certainty, high costs and no control over the demand of their product.
Most of us are afraid of missing out on the day the stock turns around and goes up 20%, so wait while it drops 10% a week. However if it did go up 20% we do not sell, thinking it could be a trend and go up more ... Not really going to make money on a stock unless it is going up consistently in a price channel, when there is a clear signal of the trend breaking. At the moment to see this you need to look outside of small mining, although there are some larger copper stocks that are now rising out of their descending price channels (eg SFR) these have good trading volumes
So sell your loosing stock when it is clear they are trending down, invest in something going up (even just get interest) and then look to buy when the trend changes, or even levels off. Sell now at 20c, buy back at 15c and you avoid a loss, and can buy back more for the same money. If you miss that one big day then so what, you would not have sold anyway. Stocks that have dropped 80% have a lot of upward room to start a price trend, you can get in later when you see one, or wait a few days and the price will have dropped 20% If you hold and loose 80% of your capital, you need to pick a stock that will increase 400%, and that is not going to happen or everyone of us would be millionaires!
So don't be afraid to sell, there are plenty of other stock options.
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