Never scale into losing positions.
One of the most expensive mistakes traders make. If your thesis was wrong at the first entry, adding more capital doesn't fix it — it just compounds the damage.
Cut it, reassess, wait for confirmation. Scaling works when you're right and the setup is proving itself, not when you're underwater hoping for a miracle.
Protect your capital first. The best trades don't need you to average down.
One of the most expensive mistakes traders make. If your thesis was wrong at the first entry, adding more capital doesn't fix it — it just compounds the damage.
Cut it, reassess, wait for confirmation. Scaling works when you're right and the setup is proving itself, not when you're underwater hoping for a miracle.
Protect your capital first. The best trades don't need you to average down.