How I deal with loses

I bought 500 shares of ILUS for $0.30, but have decided to do nothing because even though the price is down, I didn't spend enough money to worry about a massive loss. I'm going to hold this position until the price goes back over $0.50 (which it has done many times in the past) to sell it. If I had spent a considerable amount of money on it, I would have set at least a 5% stop-loss on it to prevent big losses. Should the stop-loss be triggered and stop me out, the best thing would be for me wait till the price finds a bottom to buy back in ( by my chart setup, that would be the point where the 50 day MA crosses over the 100 day EMA). This is NOT financial advice, it's just what I've found that works for me. The best thing I can do when I'm unsure of a stock is take small positions to start until I'm sure it has the momentum to carry the price in the direction I want then average in more shares on the dips until it's time to close the position