First post here: My 'brilliant' strategy to double down on losing positions

Alright, so I'm new to the forum, thought I'd share a classic mistake from my early days that still makes me wince. I had this phenomenal idea that if a trade went against me, it wasn't wrong, it was just... cheaper. So, naturally, I'd double my position. My reasoning? It lowered my average entry price, so when it 'inevitably' bounced back, I'd make more profit. The number of times this led to getting absolutely flattened, particularly on what I thought were 'sure thing' $EURUSD moves, is almost comical in hindsight.

It took a few margin calls to really drive home the point that my average entry price doesn't mean much when the market decides to keep going the other way. The lesson, painfully learned, was that adding to a loser isn't strategy; it's just throwing good money after bad. Now, I cut losses, plain and simple. Saves a lot of headaches and keeps the capital for actual opportunities.