Streaks

I am not sure when do you know doubling down on a decreasing stock price is akin to "Gambler's Fallacy" and I will go broke doing that. I do know that in one study of 6,500 stocks from 1985-2024, the median drawdown was 85% and peak to trough took 2.5 years. Then again half of the stocks never recovered. In order to finish first, you must first survive.