"Good advice but I am still out of the money right now and have to get back above $2.20 before setting a price."

I hear ya and hope you'll be there soon. Keep in mind though that the market doesn't remember what you paid and if it were to turn sour tomorrow, would you wish you had sold at 1.40 if it returned to 1.15? It's not something people deal well with which is why there are lots of bag holders to help out those that know what they have to do and can do it. I have sold below what I paid on numerous occasions and bought in lower from that point. It put me in profit faster than had I let it sit there. The emotions make it very difficult to demonstrate the discipline. I guess we'll all do what we can, some will come out better though, some will get hurt badly and never return. It's a story you'll hear from many a guru.