RE: It looks like I'm right about the pullback I predicted
That would be true if I was only in a few coins. But I'm still in about 70 which means that my portfolio value generally swings up and down with market cap. It strongly represents how much I win or lose in a day.
I don't trade much these days; I have my positions and I just fine tune them with the odd trade to buy a bargain. I can't be averaging more than one trade per day at the moment. That means that about 98% of my portfolio value is still moving iaw market cap.
And since my general strategy is to grab the good coins and hold, I really don't care about short-term individual price movements, I just watch the market cap long-term trends.
Watching 70 individual figures would be pointless, I would have to combine them anyway. Might as well just use market cap.
Ah, I see, that makes more sense.
What do you think of the Buffet idea that diversification is a bad idea ? that all the good positions and bad positions average out so you never make a profit ? I'm sure you'd disagree... lol
I can see his point though, and the guy has more money than me so who am I to argue :-) lol
Standby for a quick post...
lol, I keep giving you ideas for posts, you really should pay me :-)
I do. In $0.00 upvotes!
worth every penny ! :-) lol