Don't buy every dip

Whenever people see a small dip, they usually rush to buy the dip. But this is a mistake, which I've made many times. Almost always the dip dips further, so don't put all your money into one dip. Especially when the dip is still above your average buying price, because then you are just making your buying price higher.

Just like you shouldn't buy a coin while it's pumping, you also shouldn't buy it while it's falling. The best time to buy is usually when it stabalizes or is just starting to break out. I've made both mistakes a lot of times and usually you'll get a better opportunity when you can be patient.

Also, the fear and greed scale is a VERY good indicator of when to buy and sell, when it's around 20/extreme fear, it's usually a good time to buy, and when it goes above 70 you can slowly start taking some profits. This is what I've been doing and it's working really well :)