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RE: Well, it looks like the bubble has officially popped
What I've learnt in the last few weeks is that you either need to trade in coins you don't mind holding, or when you are speculating you need to set a stop order to limit your losses. Don't get emotionally attached to a losing alt-coin. You can always sell it on a rise and buy it back again later when it inevitably sinks.
Yes, trading and investing are two very different things. In both cases though you likely need to set a point at which you will get out. That could be a price level, a deadline, a news event, or anything in between. If you are willing to go down with the ship, make sure that is established at the beginning so that you only are putting money in that you can afford to lose.