Yes, that is a dangerous game, especially if you have a fixed timeframe in which to execute it. One of the maxims I've learned is "don't throw good money after bad". If you hit your stop loss, take your lumps and live to fight another day. You may have been 100% right on your logic, but the timing was wrong. Look for another point to re-enter or just find a different opportunity. In trading, they happen all the time. Just my opinion.

Buying your way out of a bad trade is like doubling down when gambling over and over until you win. It works in theory but if you hit a bad streak, you're rekt.

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