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RE: How to Make Money Trading - A Basic Introduction
I'd also add: be patient. Often I bought back too soon.. or sold thinking it would never go back up and be 100% of the time wrong about it. Even if it's 1 week later, often it goes where you think it would.
Yeah, it often does.
I've done the same. I just got tired of trading BCC after 3 days waiting for it to go back up, because there were bots that were making it really hard to trade. But because of using trading to increase my stake, I actually had gained profit, even though it was actually a bit lower than when I got in.
So, the moral of the story is, you don't necessarily have to always wait, but patience is important. I would have gotten a lot more if I had been more patient with those bots, as it did go way up after another few days.