When a cryptocurrency you sold drops, buy it back at the original price.

If you sell a coin and it drops, but you still have high hopes for it, then buy back the same amount of the coin.

This way, the quantity of coins you hold remains the same, but you have more funds on hand.

If after selling it doesn’t drop much and you haven’t bought it back, and later it rises back to your selling price, then you will have to buy it back unconditionally.

Although this may waste some transaction fees, it can help avoid a lot of missed opportunities.

This principle can be combined with the stop-loss principle, which means buying back when it returns to the original price, and stopping losses if it drops again. If you operate this way multiple times and find that the price of this coin is consistently unstable, then you should choose a different entry point.

In short, short-term trading in cryptocurrencies must follow principles. Quick entry and exit does not mean random fiddling, chasing trends does not mean blindly crashing, taking profits does not mean being timid, and staying in cash does not mean exiting the cryptocurrency market. Don’t get too hung up on the lowest and highest prices for buying and selling; getting close enough is sufficient.

A rose given to others has a lingering fragrance on your hands. Thank you for your likes, follows, and shares! Wishing everyone to achieve financial freedom soon!