Whether you're a new or experienced investor, it's hard not to get swayed when you see such jumps in value. You'll discount the first few, and then it keeps going up... for a few days. Your current assets could be a few dollars up so you might be thinking that this could be it, if you don't buy now then you're going to miss out. Heck, even I've been tempted.
We shouldn't react hastily however, and we still must take caution. There's been many a time where most of us have caved in by the weekend only for the next week to roll around and it dips. So much so, that we could have filled our bags with at least 1.5x more than we bought in and not all of us can then jump in at that lower price, giving us less profit than we could have had.
Don't panic. Wait, and buy when it's red again.
I bought SAND at ?0.51 and it went to ?0.34~ and I didn't buy more. It's now went above my initial buy in and I've been nearly bought more. I've played this game before though and I'm happy to wait instead for it go back to ?0.40ish and that's when I'll get more.
Good luck to you all Let's win this time.
