This does not look like a great plan to me. Firstly, there is no trick when it comes to trading, the most important thing is to have a good strategy and a plan. As it is, I can only point out 3 things from what the OP have said; buy low, sell high and if you are in loss, be patient (that is a sucked plan!).
 
If you want to trade, trade! And if you want to invest, invest! When it comes to trading, your plan should include what you look at when you are buying, selling or where you should be stopping loss, if a particular trend wants to continue in contrast to what you anticipated. Being a reactionary trader is more like setting yourself on fire and more chances of losing.