Never Double Down On Losses Common practice is to average down an asset because you firmly believe the company is going to go higher, but when? If the price goes down and takes you out of your trade – and you still remain firm on the asset going high longer term – then take the small loss (as per your trading plan because you stuck to your rules (well done)). What this means is that your timing was wrong; keep the idea on ice and trade it again when you get another confirmation. #wallstreet #cryptocurrency #daytrader #stocks #lifestyle #businessman #inspiration #boss #trending

Never Double Down On Losses Common practice is to average down an asset because you firmly believe the company is going to go higher, but when? If the price goes down and takes you out of your trade – and you still remain firm on the asset going high longer term – then take the small loss (as per your trading plan because you stuck to your rules (well done)). What this means is that your timing was wrong; keep the idea on ice and trade it again when you get another confirmation. #wallstreet #cryptocurrency #daytrader #stocks #lifestyle #businessman #inspiration #boss #trending http://bit.ly/2tdvuYK