The most expensive lesson I've learned in trading, is that stop loss orders DON'T WORK!

I don't care how clever you think you are, rely on a broker's stop loss function and eventually you will get ass-raped. HARD.

This is why I use diversification and position size to protect my portfolio.

Some people never put more than 1-2% in each position, I split my portfolio up in 7 portions allocated to one altcoin each.

This is sufficient to keep me out of danger but still make good profit when a coin moves up.

Besides this, I also keep a core holding in bitcoin that only ever gets added to, never sold off from.

Altcoins are for trading, bitcoin is for buy-&-HODL!

Regards,

Fileiro.