I certainly felt depressed, i cried a river. Due to the fact that my precious altcoins that i kept for sometime hoping for a good return went the other way, the ungainly way. I stared at my computer for a very long time, gazing at nothing. What to do?, what just happened?, what did i do wrong?, i asked myself. I went out to breathe some fresh air. I went for a walk, i need to rethink. I bought ice cream, to cool off my head and that strike me, it was all my fault. I should have done this, i should have done that. Things cleared out and i hurriedly went back to trading and lo and behold, it was a tremendous success.
Sometimes you have to go through that loss before you can come out the other side as a different person, one who has learned from the experience. Thanks to that ice cream.
I once asked a lot of questions about why each trader has in his portfolio a very large number of different coins. Could not you just use three or four or five coins and touch them? But apparently I was convinced that the more projects you have, the less chance to lose your money. Therefore, do not focus only on one indicator.
But, can you manage your capital in many coins? You need to have much times to manage and check the price of your coins everyday if you are a day trader. For a long term or mid term investor, 10-20 coins in the porfolio is normal, but for the day trader, it is really a difficult challenge
.