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2 min read · Habits

Averaging down: feeding a loser.

Adding to a red position lowers your average and raises your risk. In memecoins it mostly makes a small loss a big one.

What it looks like

You buy, it drops 25%, you buy more 'at a discount'. Then it drops again.

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About behaviour and process, not about what to buy. Nothing here is financial advice.

Next lessonPosition sizing: conviction isn't a model.