Considerations
With the Double Down strategy, you take positions that are currently in a deep losing state, and double your holding in them. You then wait 31 days to make sure you are outside of the wash sale window, and sell those shares at a loss. This allows you to recognize losses for tax purposes without losing your stake in the position. GainsAdvisor will alert you to positions in your account that are good candidates for the Double Down strategy.
Example
Click here to view an example of the Double Down Candidates page.
