"It is better to live a life of discipline than a lifetime of regret." - Mark Divine ~ Navy Seal, MBA, CPA
Audrey Hepburn: https://en.wikipedia.org/wiki/Audrey_Hepburn " For poise, walk with the knowledge that you never walk alone. " " People, even more than things, have to be restored, revived, reclaimed and redeemed; never throw out anyone. " " As you grow older, you will discover that you have two hands, one for helping yourself, the other for helping others. "
Averaging down when the uptrend is not a retrace but a reversal. Doubling down yet again. Symetrical for both long and short. Bargain ticket for the train to the mother of all losses. The above being due to the attachment to repeat what has worked before until the time it doesn’t work. Addictive behavior follows this as well - futile attempts to return to the initial high, where there is dimishing rewards for repeating past behavior. For me, when flummoxed, I’m looking at a blindspot. Ymmv