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Doubling down works for experienced traders but ruins inexperienced ones lacking discretion and skill.

From He Figured Out What 99% of Traders Never Do | Ft. Loma · jumps to 38:01 · speech

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guys who tripled down, mortgaged the home, took that loan, threw it into their, you know, whatever asset they chose. And then you think, well, that's a great strategy because it worked for them. But early on in your career, you don't have the discretion, you don't have the intuition, you don't have the skill to decipher what is noise and what is signal. So a lot of times, you end up being overconfident in an asset that sounds good on paper, but has zero, I guess, ability to be used anywhere, right? Like, and for example, with me, when I got that, dude, I denominated my portfolio in icon, I CX, because I've ever heard, well, at the time, I thought I CX was the future. It was the interoperability aligned. It was the, the nervous system of the crypto ecosystem. I thought it was going to tie together everything.
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