Just look how much FOMO went wrong with IOTA the other day. You always have to pick an entry and exit point, so not as if you could not have been wrong selling at $5 and $10 would be the real top; but like $5 retraced to under $3, $10 would have retraced to $6-7 and given you another entry.
Not always as easy as with IOTA, but boy was it easy with IOTA.
Yes. It seems like the best traders are super clinical about that kind of stuff. They will get in and out based on predetermined points. I would like to be more like that but there are some coins that I'm a bit more long on.
I am overdiversified and constantly feel like if I just had a big btc stack and was swinging in and out of trades..things would probably go a lot better, but who knows for sure
(like for instance yesterday with play money basically, I swung in and out of raiden 19K to 22K for 11 raiden of profit; but then, maybe because I am an unfocused idiot, am keeping those profits in the form of 11 raiden lol)