Many respected expert traders write to me that my advice about averaging at a loss and adding margin is very important in risk management, that this is the only way to get out of a losing position and outlast the loss.

Let's not confuse gambling addiction and the attitude to trading as a business.

A simple example: you entered a trade for $10. You have a loss of 70%. You add another $10 margin. But the trade amount is still $10. If the price returns, the margin will not help you earn more. Instead of risking $10, you doubled it with the same chances of earning.

And now the main question: how much money will you have to average, at least on spot, at least on futures with 10-30 leverage?

And patience? Will you be able to tolerate a month of drawdown of 30-50% and continue averaging? Or if not a month, if 3-5 months? You freeze money in the hope of breaking even.

You need dopamine from the fact that you "won back". That's it. If you have problems making the right decisions, then you need to learn, not average. Averaging and margin are a temporary sedative.

On the 20th time, you will not have enough money or patience.Then you will lose every penny.