hot copper, page-101

b.) double down only on your buy and holds, or trades which you are very confident will regain value due to news or fundamentals. Difficult to call. IN general I think doubling down is a poor strategy outside of 'safe' blue chips at good value e.g. westpac at $20, BHP at $35. STill possible to lose (big) in ST but you know they'll come back. I had a few winners early on via doubling down and that was a TERRIBLE lesson lol
************************

Well explained Winter. I should have clarified my "double down" strategy but did not have time to type as I was busy at the time.

I double down ONLY on my buy and hold BLUE CHIP stocks and it worked almost always. At times I traded only 2-3 stocks (blue chip) so why wouldn't I double down? I would never ever do that with some penny miners. If it is a buy and hold stock that pays a good dividend (CBA, BHP, TLS, etc.) what in fact do I risk? Of course it all depends how much capital one invests or has to play with. These stocks do come back.