Double down to triple up
Double down to triple up...
One of my early strategy considerations was to buy the big dips and hold for double or triple gains. Of course that gets me to $1MM after about 20-trades versus 100+, but the strategy is ALWAYS easy said than done. It works in theory and we all do it because we want to believe it’s that easy, but the psychological of investing makes it near impossible to capitalize on this kind of play. Mostly because we tend to buy INTO the falling knife and lose it all. Can Doge go to zero? Yep, and it’s probably more likely in the short term to go back to less than a penny than it is to ride and stay at $1. At least that’s what today’s sentiment feels like. After months of going sideways and seeing the falling wedge pattern form, will it pop back to .45 and .5 or fall to .15 and below? Let’s watch and see!



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