Hi I was wondering if selling when you think a dip is coming and buying back in at a lower price? I know it seems obvious to do such a thing if it increases your position in a coin but I've been told this is a risky strategy that requires timing the top and the bottom
It does not have to be selling on top of the price because you cannot perfectly predict the price before it drops. But you can predict if the coin will go down or on a bear trend. Sell if you really are sure of it and buy it again when you know it will be going up again. It will make you profit if it goes down, and profit if it pumps. I do that, but the key here is patience and not to be too greedy. Small profit is good as long as it is constantly coming.