Nice post. This is easily my favourite part of the crypto game. Like with any investment don't bet more than you're willing to lose. Holding a big bag of illiquid coins when you need cash elsewhere is not a good feeling... and remember to take profits!
Don't bet more than you are willing to lose is one thing, and it is a general rule of thumb. In the case of ultra low caps, the other rule is, as you also mention, don't bet more than you are willing to forget about for at least a few weeks. Besides another important remark, do not market buy. The spreads are generally large and there will always be people dumping their bags getting tired of waiting or needing the btc/cash for somewhere else.