Struggling with position sizing on altcoins — how do you manage?
Been dabbling in some altcoins lately, and while the volatility can be great for quick gains, I'm finding it incredibly hard to size positions without feeling like I'm either overexposed or completely undercapitalized for a meaningful move. With $BTC acting as a bit of a tether, alt-swings can feel much more... unhinged. Is there a common rule of thumb people use for altcoin risk sizing, maybe a percentage of their overall crypto portfolio they'd dedicate, or is it just 'feel' at this point for experienced traders?
I'm still pretty new to altcoins myself, and I totally get what you mean about the wild swings. I've been wondering if people treat altcoin position sizing differently than, say, a more established stock. Do you factor in the market cap of the altcoin when deciding position size?