Delete any apps that track the value of your portfolio. Advice from someone who learnt this the hard way in the 2018 winter

In 2018 I liked to use delta. There are few choices, and delta is a great app. This tracker allowed for using an api to automatically add your trades (though I added mine all manually) and then tracks your overall balance. You can see how much your portfolio is worth from one day to next.

When you are in the green seeing this is like porn. Opening it up on a bullish day is like crack, and it makes you feel good.

On red days it's different. You can see how much you lost since yesterday, since last week, since last month. You can see where you are against your original buy in.

During sustained corrections like this, it can get too much. In 2018 I watched my portfolio -65% and my obsession with seeing my overall pnl drop continuously, and being able to quantify my loss, made me capitulate at the worst possible time. I ended up selling the bottom, but not before buying back on the dead cat, and riding it to basically zero (-90%).

In 2021 older and at least a little wiser, I returned and have done things differently. I have been dramatically more successful and one of the main reasons is I stopped using a tracker.

I now make my own rough notes only. I know what price I bought coins and how many units. I use exchanges and coingecko to tell me how much the price has moved that day if my favourite coins.

I am able to work out the value of my positions, should I wish, but I don't. This helped me when I was fortunate enough to build what to my old self would be a mouth watering position, and still keep my cool. When positions worth 10x what you have in the bank fluctuate daily, knowing the value changes would almost certainly have made me give up or act emotionally every time.

I post this now, as it also has helped me during this sustained correction. I won't do what I did in 2018. The value doesn't matter. All that matters is my strategy, my entry and the number of tokens. None of that changes, regardless of how much a portfolio tracker would tell me how much I lost.

Hopefully at least one person sees this. Best advice I could give is delete that app and change your mindset. If you are saying to yourself 'im down X amount of cash today' you need to change to stay sane. I still look at the charts, and I know the percent change, But seperating that data from your own personal balance could make the difference in a way you won't understand until much later.

Good luck.