this is a common problem among those who buy altcoins without knowing why they are buying that particular altcoin.
for example here
why did you buy XLM? did you buy it because you hoped it will go up and give you profit? or did you buy it because you analyzed and made an educated conclusion that it will go up and give you profit?
I am willing to bet that it was mostly the "hope" part specially if it happens to you a lot. the key to successful trading is to try and make more reasonable trades instead of wishful thinking and falling for the altcoin hypes.
for example here
XLM - Sold it after holding 10 days, barely any profit, next day it went 100+% up
why did you buy XLM? did you buy it because you hoped it will go up and give you profit? or did you buy it because you analyzed and made an educated conclusion that it will go up and give you profit?
I am willing to bet that it was mostly the "hope" part specially if it happens to you a lot. the key to successful trading is to try and make more reasonable trades instead of wishful thinking and falling for the altcoin hypes.
Before I invest in a currency, I check the whitepaper and ask myself if I would use this application? Is it really useful or has a solution for a problem. Then I check the roadmap, github activity and community. After all off this, if I believe the coin/token is underpriced and has potential to go up in short term, I invest in it.
The problem is, I don't want long-term hold. It's not because of i want "get rich ASAP", it's because I make a living out of trading and paying big depths. So at the moment I can't afford to lock up my money in a currency for long term.
Actually I'm doing good so far. I already made much more money than my initial investment but this thing happening to me is very frustrating and puts me in stress.