Another item you MUST know How to read a chart
- for the daily time frame---buy at the daily low
- weekly timw frame---does the chart show an uptrnd,downtrend, sideways/rage
- monthly time frame---uptrend, downtrend, range
ideall, you want to buy when the daily, weekly, monthly time frames are in an uptrend.
Otherwise you often become a bag man, like we are witnesssing with HEXO
You can scale in lower and low, but there is a huge risk of losing money, so it's best to add a small amout to your position each time you scale in lower.