In 2021, my $2k investment grew to $104k from flipping low caps.
But I walked away with only $23k profit.
Here are 11 things I learned that helped me 10x my portfolio since then 🧵.
But I walked away with only $23k profit.
Here are 11 things I learned that helped me 10x my portfolio since then 🧵.
1 ➽ I didn’t have a take profit strategy.
Without a take profit strategy you fall victim to the classic greed mentality, where you think “what if it gets to $5, or $6.”
Well guess what, it can also go to $0.5.
You will never sell the top, so plan your trade & trade your plan.
Without a take profit strategy you fall victim to the classic greed mentality, where you think “what if it gets to $5, or $6.”
Well guess what, it can also go to $0.5.
You will never sell the top, so plan your trade & trade your plan.
2 ➽ When to Take Profits and How to do it
For short term plays, it could be 2-5X from your entry.
You can also sell a fraction of your holdings at 2-5X, and then 10% every 1x after that and leave a moon bag.
You don’t want to be 3-5X up and still holding 100%.
For short term plays, it could be 2-5X from your entry.
You can also sell a fraction of your holdings at 2-5X, and then 10% every 1x after that and leave a moon bag.
You don’t want to be 3-5X up and still holding 100%.
For long term bull run plays, I like to use the market cap of similar projects from the last bull run as a guide.
When the new projects get to 20-30% of the average MC of similar projects from last bull run, you can secure some profits.
Then, sell 5-10% of holdings every 1x.
When the new projects get to 20-30% of the average MC of similar projects from last bull run, you can secure some profits.
Then, sell 5-10% of holdings every 1x.
3 ➽ Taking profits and putting 100% of that into another coin.
I did this a few times, where I took profits and immediately risked the entire pot in another coin.
It’s kind of like playing hot potato.
I believe in setting aside only a part of profits for reinvesting.
I did this a few times, where I took profits and immediately risked the entire pot in another coin.
It’s kind of like playing hot potato.
I believe in setting aside only a part of profits for reinvesting.
4 ➽ When to Buy in.
Use some TA to get an entry point, or wait for a price correction.
Last thing you want to do is to be buying the top cos of fomo.
You can also DCA into a coin (divide funds and buy little amounts on price correction or regularly)
Use some TA to get an entry point, or wait for a price correction.
Last thing you want to do is to be buying the top cos of fomo.
You can also DCA into a coin (divide funds and buy little amounts on price correction or regularly)
5 ➽ Avoid FOMO.
Try your best to avoid it!
There will always be another opportunity with a safer entry & better risk reward.
Patience will pay off, you don’t want to buying the top.
If you randomly saw a project that has already done 300% in a week, you’re already late.
Try your best to avoid it!
There will always be another opportunity with a safer entry & better risk reward.
Patience will pay off, you don’t want to buying the top.
If you randomly saw a project that has already done 300% in a week, you’re already late.
6 ➽ Set Aside Funds.
Assess and commit to the amount of capital you're willing to risk on each trade.
Risk Only What You Can Afford to Lose.
Losing money is traumatic enough.
It is even more so if it is capital that should have never been risked in the first place.
Assess and commit to the amount of capital you're willing to risk on each trade.
Risk Only What You Can Afford to Lose.
Losing money is traumatic enough.
It is even more so if it is capital that should have never been risked in the first place.
7 ➽ Buy the rumour, sell the news.
Remember it is speculation that pumps.
By the time a coin is being spoken about on CNN (exaggerated to make my point), it’s now considered “safe”.
And can’t give high returns.
Remember it is speculation that pumps.
By the time a coin is being spoken about on CNN (exaggerated to make my point), it’s now considered “safe”.
And can’t give high returns.
8 ➽ Don’t get attached to your bags.
If the narrative changes, and you’re seeing the price movement you expected even after all the catalysts, sell!
There are always opportunities out there.
If the narrative changes, and you’re seeing the price movement you expected even after all the catalysts, sell!
There are always opportunities out there.
9 ➽ Invest in the new narratives.
Remember, speculation pumps.
Everyone has already seen what projects from last bull run did.
The new narratives have a much bigger risk to reward ratio.
$AXS will not do 1000x again.
Remember, speculation pumps.
Everyone has already seen what projects from last bull run did.
The new narratives have a much bigger risk to reward ratio.
$AXS will not do 1000x again.
10 ➽ Avoid over leveraging & revenge trading
This is for all my futures traders out there.
Go slow & steady, 5% profit per day is 900% profit after 6M!
The small wins add up.
If you loosing trades, take a break, don't enter bigger trades.
⚠️ Always use a stop loss.
This is for all my futures traders out there.
Go slow & steady, 5% profit per day is 900% profit after 6M!
The small wins add up.
If you loosing trades, take a break, don't enter bigger trades.
⚠️ Always use a stop loss.
11 ➽ High APY yield generators are almost always scams.
I remember snowbank back in 2021, offering 35,000% APY.
Most people had their funds reduced to almost 0 when their token crashed.
I remember snowbank back in 2021, offering 35,000% APY.
Most people had their funds reduced to almost 0 when their token crashed.
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Thats it for now.
I hope this brought value to you. If you gained from it please :
Like, RT & follow for more 🙏🏽.
I hope this brought value to you. If you gained from it please :
Like, RT & follow for more 🙏🏽.
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