The problem with many is that they go 100% into an asset instead of chopping it up with several timely equal parts.
Here we will see a technique to chop our investment cap into two equal part and buy at different points. The average level will be (buy-point 1 + buy-point 2) / 2.
Now. If price moves up again and back to buy-point 1, you have easily made profit.
If price continues to move up from buy-point 1, you have made a higher profit.
If it however dumps, you must sell at buy-point 2 (stop loss) to reduce the loss. Below this point is critical. Then loss will be heavy. Better sell and wait for a better point to re-enter.
If you want to double your money, make small steps. 5% gains for x20 times gives you a double x2 from initial capital.