−10–25% · add once
Price is 10–25% below your highest buy. You have not added in this zone yet. One add is permitted — use it if the thesis is intact.
−10–25% · add used
Price is 10–25% below your highest buy. You have already used your one permitted add in this zone. No further adds until price recovers above −10%.
−25%+ · no adds
Price is more than 25% below your highest buy. Adding is not allowed regardless of history. The position is in serious decline.
−20% for 1y · exit
Price has been more than 20% below your highest buy for over 12 months. The thesis has not recovered in a reasonable time. Exit the position.
Reference price is the highest buy price across all purchases. Rules reset upward when a new highest buy is made.