Market is oversold. That said, who knows when reality will come back. The market can be crazier waaaaaay longer than you can stay solvent. Or I think that is how the saying goes...
In the 1930s, economist John Maynard Keynes said: “Markets can stay irrational longer than you can stay solvent."
Doubling down on losing trades is a guaranteed trip to the poor house. Your smallest loss is when you exit a losing position immediately. Most losing trades do not work out and only result in larger losses. Smaller losses can be easily made up, big losses damage your capital and make it close to impossible to make up and just get to breakeven. https://www.investopedia.com/articles/stocks/08/capital-losses.asp
Don't do any of those foolish things. Don't cut and run!!! Hold on to your short position. It might go down further. You might want to close some positions and take some profits. Don't double down!!! You have already missed the boat to short the market. Don't try to chase after the market / boat. Cut and run or double down ---> trade and trade
Always double down..always. This will ease the emotional pain of your losing position by replacing it with the emotional pain of a blown up account