By cryptoandcoffee on Skatehive
source Last night I was catching up with my friend who recently invested quite heavily into crypto on behalf of his mother and his portfolio is doing rather well. He is looking like a genius especially with COTI having made a 80% move before correcting ready for the next upward wave. He had sold the pump and taken profit which is great if you know what you are doing and he definitely is no crypto guru. I obviously said well done and what is the plan now? The plan was to wait and buy back when he thinks it is the right time and this is pure guesswork. When I mentioned the expected correction which normally happens after a sudden increase in price he was unaware that this happened. Scary stuff and why most retail investors fail as firstly they have no patience for holding and secondly have no knowledge. The advice I gave him was to buy back and stop gambling because the price correction could happen quickly and then he is chasing a green candle costing him more the profit he cashed out.