source avatarLovanic

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People treat the thesis of always averaging down on a loser as pure logic. Lower your cost basis and the math eventually works in your favor. I ran that exact play for a year on a bag that kept bleeding. Every fresh buy felt like smart discipline. The position never turned. Capital sat trapped while better opportunities moved without me. The flaw is simple. Averaging down only helps if the underlying thesis stays alive. When the reason for owning the thing dies the lower basis just locks in larger losses and steals time. That smart sounding rule quietly compounds damage. Which investment idea that once felt ironclad have you finally stopped defending? @RallyOnChain

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