What is the biggest wealth destroyer when investing?

Averaging down or buying more of an asset, be it stock or crypto, as the price keeps going down and hoping that the price bounces to recover losses or make profits faster. Common behaviour among retail investors.

While it is tempting to average down, the odds of this strategy working are significantly low in the long run. All it takes is one large move on the other side for things to go wrong. The right way, for most people, is to not have concentrated positions.

While it is tempting to average down, the odds of this strategy working are significantly low in the long run. All it takes is one large move on the other side for things to go wrong. The right way, for most people, is to not have concentrated positions.

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