THE SMART THING TO DO IS TO NOT LOSE 60%. That is what I'm saying. In his scenario if he sold at a 10% loss then he could've had a lot of money to increase position when it dropped the other 50%. So you tell me what's smart. Remember, you're a self proclaimed new investor so please don't come out and try to prove to everyone you're a veteran. You sounded foolish defending a 60% loss on the grounds of being committed to the stock.

ANYONE READING THIS, IF YOU DON'T KNOW WHAT A STOP-LOSS IS THEN LEARN IT AND USE IT.

Bulls make money
Bears make money
Pigs get slaughtered

-Jim Cramer

And a 60% loss is a pure example of a pig getting slaughtered.

60% is an outstanding holy crap gain for a 3 year return on investment and he lost it in months on 1 stock.