Yeah taking profit when you can is really the lesson I've had to learn as well, but buying good projects at a fair price is important. Better take Warren Buffet's advice here: "I'd rather buy a good company at a bad price than a bad company at a great price."
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That exactly what I thought when I made a big purchase of STEEM at $1.49. And with every big drop, I have been buying more to average out, but it kept dropping. Now here we are at 27 cents. Ouch!