I recently have problem with buyback. Before, I think aiming for higher profit is the best, but when I don't sell it, the price is bouncing and it go down again. So I think another way to gain profit by buying back when the price bouncing.
What do you think? And what do you prefer, buyback or hold?
I might be wrong, but with this kind of mentality, I think you are gambling not trading. In order to know when to buy/sell, you need Technical Analysis on your side; most importantly 'charts reading.' If you are going by "Price is bouncing after a dump, so I will buy when it dumps
again, and then sell when price bounce
again" mentality, you will burn your money in no time.
And for God's sake, if you are trading (and don't have any plan for long–term),
DO NOT hold—it is a bad idea as your emotions will kick harder than it normally does, and you will make stupid decisions. Also, use stop–loss orders; they can save your life—don't delay cutting your losses.