"One piece of advice, if you're struggling with your portfolio and holding onto something that's caught in a strong downtrend.
From a psychological standpoint, watching a position only move downward can be painful, sometimes triggering a negative spiral where you start doubting yourself, your skills, and your future.
For example, when you've exited toxic relationships that drained your energy and made you wonder if there will ever be a better partner willing to accept your love.
Letting go of relationships is hard, but sometimes it's the right step to take, to not be dependent on a potential return in the future.
The thing is, sometimes you just need to start over.
So, circling back to altcoins, just the thought of switching a position you've held in the red for a long time to another one that offers a good risk-to-reward ratio can be a great decision.
Your brain starts shedding the past 'pain', looking positively at the new trade you're making.
As a result, your energy gets a boost and prompts you to spend more time, acting more rationally and qualitatively, as you've learned lessons from previous trading mistakes, increasing the likelihood of success.
Similarly, you learn after a breakup: you start to understand what you want in relationships and what you don't.
Of course, this method should be applied after thorough chart scanning, but it's very helpful.
It's not about chasing, but recognizing that sometimes there are better opportunities in the market."