Thanks @haejin! I have been thinking... what is the ideal number of coins to have in a portfolio? Atm I have ~15 coins. I think it's a maximum number of coins I want to hold. Should I shrink my number of coins in a portfolio to around 5-7 and pick up the best coins I see most profitable in a long term hold, ~1 year?
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I will say you should have a number of strong coins (many would say 5 to 10 ) - but You should have a plan for when to get out -- what multiple of profit you're wanting (And Have it written down), so that your emotions won't interfere later down the road.
Perhaps do up a spreadsheet, with all the #altcoins you own listed down. And put down the PRICE you'd be happy selling at. (it can be a Range - this is probably best, so that IF u miss the exact price pt you can still be able to sell & lock in profit )
GOOD LUCK
Thx for the advice!
By the way, I wrote a spreadsheet template the other day, to help me save time while updating it. If you're trading on something other than Binance, you may need to make some changes. Enjoy!
https://steemit.com/bitcoin/@libertyteeth/this-looks-important-i-created-a-trading-spreadsheet-my-gift-to-steemit-traders-it-s-geared-towards-trading-on-binance-a-little
blockfolio is useful for tracking profits
I agree, it works wonder !