Always try to position yourself to exit into strength, or into the buyers. Always maintain your stops. You must protect your trading capital at all times. The lessons to be learned from this sequence is to first, determine your support and resistance levels. Be confident with your trade and your entry position.
Confidence is built over time, by practicing, demo trading or paper trading.
Learn to establish a safe exit position below the resistance levels. Thus if you have too tight a spread you would have possibly been stopped out, and missed a possible run up. One of the first and foremost questions that a trader must ask of themselves is, how much are you willing to risk when you enter a trade. Do not expect to buy at the bottom, nor sell at the top. You should always act with strict purpose, decisive action, and without hesitation.