your two biggest loses ,why and lessons learnt, page-56

Potgut - Glad to hear that averaging down worked for you but...

My two biggest losses - BNB and TMR

With both I started with reasonably sized positions, but in each case I doubled down, and in both cases the company went broke.

My lesson from this - never, ever double down. Now when a position goes wrong I cut my losses. Sometimes you lose out this way, but generally the trend that shook you out continues.

I've also found this less stressful, as you don't end up with large losses hanging around on your books like a bad smell.