Hello Steemians, howdy?
Yeah! We already know we should buy the dip right? "Buy low, sell high" has become almost a cliché. Everyone says it but many do not even understand what it means.
What if you buy what appears to be the dip and it dips even deeper? What if you sell what appears to be the high and it goes even higher! At this point it's best to know what your approach is and query it.
Knowing when to buy is easier than knowing when to sell! I'm assuming that you have already done your proper research and believe in your decision to buy into something that can make you rich!
So this project was low when you bought it. Then after a while it goes lower. Don't sell at a loss! Buy more if you have the means. The lower it goes the more you buy! This is why you should have fiat stash or usdt for situations when you need to pump in more money! Dollar cost averaging will do the miracle for you.
If your project is really great, it will definitely rise. Sometimes 2x, 3x, 10x, and many many xxxs! Anything can happen especially when you know what you are doing.
So when that happens what do you do? Do you hold on to it hoping that it will go higher? Maybe it will but maybe it won't. You run the risk of losing the profits you already made.
You should have your own targets for every of your investment! Check your aim and know when to sell. Once you hit your aim/target please exit the market! It's the best thing you can do for yourself at that time!
The coin may be going higher or lower after your target but make sure you exit when due! Until you cash it out, it's not yet yours. Own it! Make it yours!
★Boom!★