average down - lyc, can it work?, page-18

Rastus2 - I think that was my point, which I clearly stated.

To average down from over $1 to anywhere near 55C involves huge bets, compared to the original investment.

How may people have such deep pockets to safeguard an investment of $10k, to go another $100k?

So now one risks $110k to save a few thousand $. I don't get it, and thus I have difficulty with the claims.

In my book this is high risk strategy, and has been pointed out can ruin wealth. I've seen many a punter go broke chasing bad money. That's why generally the bookies and casinos are still in business, long after the punters are broke.