uncle

People tend to underestimate the importance of sizing When you see someone mentioning dozens of coins and he seems to nail each of these trades : Well he might really be winning on all these coins, but it is almost certain that he sized very small on each trade It is great to find a lot of moonshots, but at the end of the day, what really matters is how much gains you got on the portfolio OVERALL In crypto, the shiny object syndrome will lead you to buy so many coins because of fomo and the hope of getting a 50x, but that is not an ideal way to invest/trade After a few months you might realize that one of your high conviction bets was indeed a good performer, but you ended up diluting it so much with other trades that your returns are average I am guilty of being too diversified in my spot positions, and trying to fight this personal tendency of mine, by the way Remember : - Don't get too frustrated when you see people claim clout for their "calls", because there is a high likelihood that they did not take the trade with meaningful size - Be careful with diversification, at some point with too many positions, you are just diluting the potential alpha of your portfolio - Give more importance to sizing correctly instead of catching every moonshot