In one of my videos I talk about participating in every bounce.. this is very important to master.. First he didnt continue to buy as it went lower.. then he didnt sell some when he had his first bounce.. I would be trying to get out some at break even on this trade because I never continued buying as it went lower.. You have to want those lower prices, and be happy as it continues to drop, because the panic is even more exaggerated.. Then, in this case he didnt get a full bounce back to the previous base. (and that happens rarely, but it can happen) then if he sold atleast part, he would be better able to buy the next panic and make it all back and more.. I rarely get a coin that doesnt fully bounce and give you a bit of a battle. So when it happens I get excited, finally there is a battle to be had.. But usually everything works on the very next drop and oh well back to making easy money again..