My wild card ALT coins

DiMo...JJUV
31 Jul 2024
170

Good morning/evening


 
I have on occasion mentioned my wild card mini portfolio of ALTs, I have also mentioned that I have too many of them ..... It is fine when you have time to monitor them but when you don't it gets a bit tricky.
 
Allocation
The value of this mini portfolio is small in comparison to my main portfolio. You know when people utter those words 'don't invest more than you can afford to lose' well that is this. I am prepared that it could go to zero. This was a bit of a test for me as I had never had micro caps before. I tried with this portfolio to cover most of 'the narratives'. Some were really just for fun wild impulse buys.........Yes brutal honesty here....... There was FOMO on occasions and that FOMO resulted in some right s**t coins, but you know they do say some s**t coins can moon lol.
 

 
I also want to point out that some of these tokens were technically free, they were paid for with profits from other things so again I do not feel like they will be a great loss and as you know if you read any of my posts, I am still learning and trying new things so it is always about my journey, my discoveries of projects. It is not a how too of crypto, hell even my handle has newbie in it for a reason!
 
It is worth mentioning that at the time, none of these tokens were considered to be 'keepers'. My timing of the market and TA is also still a learning curve and I plan to spend the winter months solidly learning more on TA as I feel it can be helpful in many ways. I have also used my new research tools on some of these tokens, so this is also a way of seeing if that research was done correctly. If not then I can re-evaluate learn and adapt.
 
What next
Now that I have had some time to actually look at how these are going, I will set some notifications, even some sell orders, but even with some of these tokens looking quite dire individually, the portfolio as a whole is still actually up. Some profits have already been taken and it is now a case of what will be will be.
 

/pixabay.com/users/sergeitokmakov
 
OK so here are some of those s**t coins, feel free to laugh, I do! 
(The market is volitile and these have changed since I looked them up, but you get my point)
 
In no particular order
 
NAKA - Down 48%
SIDUS - Down 48%
PERC - Up 40%
IMX - Up 41%
XAI - Down 56%
ONDO - Up 330%
ALT - Down 50%
HEART AI - Down 78%
MUBI - Down 77%
ALPH - Down 15%
 
Remember I have taken profits on some of these, Mubi we got really early and used profits from that to buy a few of these tokens, the same with PERC and ONDO. That is why I am not too bothered what happens now, but it would be nice if they did moon. I have at least a half dozen more that I have not looked at yet......
 
 
Lessons learnt
There have been some great lessons learned here for the future already
1, The earlier pump with ALTS is when I should have cashed out with some of these, you could say I got a bit greedy.
2, I have far too many of these, next time I will have less.
3, At least one of the tokens I hold here is a fantastic day trade token and I did trade it a bit, made some money that paid for some of these other tokens, if I had concentrated on that, I probably would have made more.
4, The main portfolio has a clear strategy, even an exit plan for some of it, this is written down and adhered to, the micro caps I also should have had a strategy for. I know that now.
 
What do you think about microcaps? Do you trade them or stay away? 
 
Well as always, thank you for reading and please feel free to comment.

Image by Photospirit from Pixabay
 

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