Many people are familiar with buy and hold as a good strategy to make profit, of course this has been a good strategy for many, but for the day traders who don't have to wait all this long on a single trade, they have to follow a different other method which is buy and sell when they are at certain smaller percentage profit. But when you combine this two methods in your trading you tend to make more stable profit than anyone using only one approach.
Feel free to share your thoughts and experiences on this
1) To choose your investment wisely
2) To have faith in your investment
Choosing depends on what r&d you have done on that investment.Because most of the time from that basic information you come to know that it's gonna work or not.Secondly you have to have faith in your investment.If the prices start decreasing it doesn't mean it will just get burried in ground.It might can be small hiccup in upward.