Trade of The Week: Sometimes It Pays to Average Down!

Most seasoned spread bettors and other traders will tell you that it is usually a bad idea to "average down" by adding more funds to a losing position, despite the obvious temptation to lower your overall purchase cost and therefore to break-even much sooner. I said as much in my Position Trading book. Then I had a re-think, and in the "Tricks of The Trade" chapter of my Better Spread Betting