Now entering my 3rd cycle, I've learned a lot along the way
If you're a beginner, read this🧵:
Before we dive in, heads up — I’m going private soon.
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It took me 3 crypto cycles to earn over $2.9M.
The path to success was full of mistakes and disappointments, but years of intense learning and practicing led me to where I am now.
I want to share 10 rules that helped me to make money in this space👇
1/ DYOR extensively
You should understand the tech, narrative, team, community vibe, and possible catalysts of tokens you're interested in.
Stay updated with the latest news, partnerships, and other changes that can impact your position.
2/ Everything in our world goes in cycles. Study history.
In a field where cycles are inevitable, ignoring historical knowledge can really set you back.
While some only learn by making their own mistakes, the wise ones gain insight from the experiences of others.
3/ Control your emotions
The market's ups and downs are constant. Stick to your original plan.
Seeing others' success can trigger FOMO and lead to poor decisions.
Take your time, stay calm, and make well-thought-out choices with your hard-earned money.
4/ Take profits aggressively
Most of today's popular coins will plummet after the bull run.
You won't sell at the peak, so take profits on all the way up.
Using this strategy will prevent you from roundtripping your gains.
5/ Cutting losers
If a coin keeps underperforming, rotate to a winner. Don't marry a bag.
This cycle is no different — not every coin will pump 10-50x.
The only way to play it right is to shamelessly sell the tokens that underperform.
6/ Follow the narratives
Don't try to outsmart the market and go after some "under-the-radar" trend.
You won't make money with this kind of strategy.
7/ Discipline & focus
Stick to your money-making plan and try to avoid impulsive decisions based on emotions or FOMO.
Set realistic profit targets and exit strategies, and stick to them even when the market gets highly volatile.
8/ Take wise risks
Crypto is all about taking risks, especially during the bull market.
Think about your portfolio when managing those risks.
With solid risk management, your success is inevitable.
9/ Information field
The information field is one of the most important aspects of crypto.
Don't limit yourself to CT ➜ look for communities, info, and news in different places.
This will expand your opportunities and help you form a more unbiased opinion.
10/ Build your squad
It's way easier to grow and profit with a crew than flying solo.
Find like-minded people on Telegram, CT, or Discord and roll together.
It speeds things up, gives you fresh insights & ideas, and makes the whole journey a lot more fun.
I hope you've found this thread helpful.
Follow me @CyclopCrypto for more.
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