You can hodl your #Bitcoin. That's fine. Buy on pullbacks and sleep well at night.
But if you're in #Altcoins, the situation is completely different.
No matter how revolutionary "the team," how promising "the roadmap," or how game-changing "the use case" - ultimately, they will all go to zero against BTC.
I don't care how much you love your bags. It's about hype cycles, and while that hype can be absolutely gigantic, trading alts is like playing Mikado while on a rollercoaster.
If you decide to go down that road anyway, here's what I'm doing (this applies to longer-term positions, spot only - not talking about swing trading or futures):
Focus on few projects. Don't overdilute your portfolio with 20 different shitcoins. You're not building an index fund.
Don't buy obvious garbage. Skip the "dead" projects or obvious rugpulls. Use your brain.
Buy fear like it's on sale. Look at 3-day RSI or weekly RSI and ONLY buy when it's screaming oversold below 30. This sounds stupid simple, but it works.
Check the long-term chart. Pull up a 3-5 year view. If it looks like total crap, move on.
Do basic research - token unlocks, TVL, actual user numbers, etc.
Scale in properly. 3-5 entries at key support levels. Don't hero-buy the whole position at once (this was one of my biggest mistakes int he past).
Take profits like your life depends on it. Be happy with 50%, 100%, or 200%. Don't wait for that 100x.
Roundtripping your gains is infinitely worse than "selling too early."
Nobody went broke taking profits.
Rinse and repeat. The cycle never stops.
Not financial advice (although it might read differently, just sharing experience)