Zarp - get real... do you seriously think that BIL will drop -26% in the next 60 days??? BIL (and all resource shares) are flying. If BIL retraces, it's unlikely to drop below 15600. Also, this warrant has massive decay - every day that goes by it's losing a lot of value.
Ttrada - I can't tell the future, and I can't tell you want to do with your warrants. You need to take responsibilty for the trade. Think about why you bought them (what was the logic behind predicting a fall in BIL), and whether those reasons still make sense. If not, get out with what you can, or the time-decay will take you to zero. My general advice would be to stay away from warrants and stick to trading shares or futures. But if you must buy a warrant, the general rule is you should look for a more expensive one, not a cheaper one. Never buy one trading below 20c, but preferably in the 30c-60c range if you can find one. Make sure you have more than 90 days to expiry. Set a strict stoploss before you enter the trade so you know what your maximum risk is. And use some common-sense - if the trade goes against you, get out with your capital intact and wait for the next opportunity. Take small losses quickly, and let your winner run. Ignore the chatter on this forum that encourages you to hang onto losses and hope for a turnaround. You must preserve your trading capital, and trade the low-risk opportunities if you want to stay in the market. Good luck.