Bought on the dip and two hours later the decline continued, and you are in the minus for about two months. I have described a trading strategy in an article that works consistently in the profile for this case.
Exort99
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I think it still depends on capital. If, like me, having 100$ , I want to make 150$ in a month, it is worth buying on dips and selling on rises. And thus increase every month.
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