I think what I noticed and experienced from some investors or some people is that since they had missed the previous opportunities for not investing when the price were very minute they thought they could cover it at a go but, this is where they are getting it wrongly because rushing to invest what they didn't know the whole concepts might likely lead them in a bigger lost and in a higher risk without applying technicalities.
Trying to make up for losses and then adding more risk in order to make up for losses is not a good mental or financial framework. because strategies should be made in ways that do not devolve into gambling.. even if you might have made a big loss.. I think that another name for continuing to double down is Martingale betting.. so surely sometimes it does work, but sometimes it gets to become so big that there is no way to recover from it... or maybe the losses become so great that it takes years to recover, even though there was no real reason to be taking the risks in the first place, but then when the mistakes are made they just keep doubling and doubling and doubling.. and sometimes it ends up working and other times, it ends up with a forced stop..and having to start from a reckt position.. which might mean never recovering or perhaps taking several years to recover... depending on how soon that the person might have decided to give up rather than keeping on going.
This is the most challenging thing to do especially those who so much values their money, and the Martingale betting theorem is sometime that can be very frustrating (this theorem only applicable to those who has a stable income) to keep up doubling doubling doubling otherwise, those who are trying to brace up and to filter out their little savings in order to meet up with their accumulation processes can never or would find it very difficulty in adapting that Martingale betting theory as I believe it take an extra mile (mind) to keep losing while one continuously doubling the lost.
However whomever that is determined to make progress and success can never see it as a much challenging task haven known the value of what they are venturing into in general, that is why whomever that gets to their reckt position always finds it very difficulty trying to restore back from the beginning as a fresher then they would learned from their mistakes and I don't doubt such people always turned out the best in the market since they are learning from experience.