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.

I somehow got myself involved in about 30-35 coins at peak and since then have been reducing my exposure and limiting my sizing moving forward. Main mistake I made was not having a uniform distribution and that has led to some bags being heavier meaning they mean more to me which they shouldn't.

Do you tend to hold coins that you can all hold in one wallet or do you have multiple wallets? What is your fav blockchain 2.0 project?

Like i mentioned, bitter experience taught me this.

A stop will hold up most of the time. And then, when you really need that shit to work, price will drop so fast that your stop and your backup stop and your 'i'm-fucked-if-this-stop-is-run-over'-EMERGENCY stop will all be worthless.

Trading with only a stop loss to protect your position is the fastest way to put all of your money in someone else's pocket.

Just. Don't.