The beat of this pullback came fast; looking back now, that 1.86 short position was really spot on. I managed to catch the rhythm of several rounds of the altcoin market today—though the price swings on these coins are crazy, there are still patterns to follow if you look closely.

But here's a reminder: what I'm talking about are short-term, localized opportunities. Don't use them as a reference for your long-term holding logic. The market changes in an instant, and short-term trading is a completely different game from value investing. Altcoins are a high-volatility game right now—grab the opportunities if you can, but don't force it if you can't catch them.