Tips

Organization

Record all your trades, whitelists, upcoming drops.

This is necessary in order not to miss a single collection of wallets, not a single drop, and also to understand your fin. condition. Specifically, I have a sign where the projects of my drop date and a linked wallet are recorded.

Distribute your portfolio

It is important to distribute your liquidity correctly. To begin with, it is important to determine what kind of trader you are - passive (50%+ long hold, 10% fast flip), regular (25% long hold, 25 fast flip) or flipper (10% long hold, 40% fast flip). It all depends on the amount of your time and the amount of liquidity. The only thing that all types of traders should have is 20% in stables. This helps a lot in times of drawdowns, when you can use the reserve liquidity to average or buy something.

Flipper laws

• ALWAYS make offers 10-15% lower than floor. This will greatly help to find a more profitable entry point

• Go to all kinds of DAO, they constantly give fcfs overhead lines, and often very cool projects slip through there

• If you go to flip, it is best to buy at least 2 nfts. Let me explain: if you are confident in the project and its flor has grown x2, then 1 out of 2 can be safely sold so that 2 is "free" for you. This way you will protect yourself from losses, as well as save a few nerve cells😉

When to fix losses?

It is worth fixing when you understand that there is no chance of growth anymore, and the project will continue to bury itself further and further. Here are some reasons why it is worth fixing losses:

• the project team is not active

• you overestimated the project and went to the hype

• utility of the project has ceased to be relevant

• unique holders are falling, listings are growing

When to fix profits?

First we need to understand WHY you want to take a profit.

You need liquidity

Why do you need it?

• for other flips

• for something else (futures, pay for alpha, pay for software, etc.)

A dump of the crypto market is expected

• some bad news, possible wars and something like that. At this time, it is best to sell most of your portfolio and wait. It is best to keep everything in the usd at such times.

The project has reached its peak

But how to understand it? The peak is the maximum value of the floor in your opinion. Floor can be so worried about:

• roadmap 2.0 is a very cool collaboration

• launch of the main product

• a teaser of something special