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RE: Maybe all the money flowing out of Cannabis stocks is coming back to Crypto ??? Who knows....
One trick is... when you've been made aware that it's going way up, start paying attention, but don't buy it necessarily, because it may already be too late. If you wait for it to retrace, though, read the charts, and wait for it to bottom out, you can get in on the next one.
Yeah.. I try to sell when I have a $1,000 gain and then buy back a smaller amount ... but every now and then you get caught away from a computer when that stock drops 150 points in 2 days
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Always have a stop loss in mind when you put on a trade. If you set a stop loss, and it tanks a bit while you're not actively trading, at least you'll probably be able to buy back in lower than your stop loss. So while you may have lost the original 10% (or whatever you set the stop loss at), if it dropped 25%, and you bought back in there, you're not too bad off. You've got another chance to make up the 10% you lost and then some.