-50% isnt so bad.. huge mistep discounting folks on other side of their trade. rule #13 risk. How are others positioned and rule #10 in money management: Avoid big draw downs.
a strong fundamental bias can bring some complacency in risk to that bias.. other factors..
-What's the underlying story/ market dynamics / risk on/off
-Where is the risk
-How significant is the risk
-What's the price action like
-Calendar events/catalysts/risks
-How are others positioned. Risk on/off?, offsides?, crowds?, HFs, factors short interest!
-sentiment reads
.. seems like they were adding to the loser vs reducing as price action was going against them... a recipe for risk of ruin
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