"The main thing you need to strive for is to buy a dollar for 50 cents and repeat this many times."

So, I read this sentence in a little book summary recently, and it really annoys me. Why is that? Because he makes it sound so easy, all you must do is to buy low and sell high, and then repeat it again. Of course, it is about disconnecting your feelings and emotions which often trick you into buying high after you have successfully sold once, but still... it sounds way easier than you think.

Source: Bing Designer

For example, you might say that if I bought Hive at $0.2, then I should sell now. That is actually more than 100% up, and a great thing. But, do I really want to sell now? Isn't Hive going higher? Well, that might actually be, and if the Trump Pump arrives as he enters administration, then we might go even higher. But, it might also be a perfect sell-the-news event, and we will head back down, and then I can buy more at $0.2. But what if that never happens? That is the fear speaking, and of course, it might happen. Are you selling Bitcoin at $1000 when it was headed for $100,000? That is the fear we all have, and that is why we don't like selling. So, then you might want to keep that in mind and lay some tokens aside for the long-term (and not even think about selling it), and then forget about. With the rest, stick to your plan. IF HIVE goes to a million, then you still have a nice pile for the future, but the rest, you sell, and if it should dump, buy back the double amount. Stick to this plan. It might mean that you will only trade once a year, and be at peace during the rest of the time, but who cares? One trade a year with a 100% profit is definitely better than keeping your money in the bank!