Then I lost almost everything. I made too many mistakes back then.
That's your chance to skip painful part and get a jackpot on this bullrun.
Here's 9 tips I wish I knew in 2021 🧵🔽
Let's get straight to the action:
1/ Don't ape without the plan.
Even if you found a 1,000x play.
Understand when you want to open a position and at what price to close it, estimate RR (Risk/Reward) proportions.
Make a draft of your goals in advance and build on it.
2/ Don't chase made-up trends.
New sectors / projects are appearing every day, but they are not necessarily good. It can be a 1-day thing without any future.
Find your niche / choose a sector that you truly like and stick to it.
3/ Don't blindly ape.
This bullrun shows coins with huge growth. But let's be honest, nobody shows losses.
Look at coins that grew, study their tokenomics/fundamentals.
Hype trumps fundamentals during a bull market, a little analysis is still needed to spot warning signs.
4/ Take some profits.
Making 10x isn't enough. We always want more, ape with all this stake into next play and make 1,000x.
But the market may turn against you and you will lose everything.
Keep part of your winnings in stables or BTC/ETH.
Nobody became poor by taking profits.
5/ Turn off the greed [or try to].
Bull periods are a great time to invest part of your winnings into stablecoins.
This will give you a key opportunity during a bull market - to take advantage of next market dips.
Dips are ultimate cheatcode, if you're prepared.
6/ Don't swim against the tide.
A bullish move is an insane force that greatly influences the market and how long it can remain irrational.
At these moments, even memecoins with bad fundamentals can get huge growth.
Don't fight the trend. Don't try to short all this shit.
7/ Don't be too smart.
You're already smart enough to outperform 99% of newcomers.
They don't want to buy any tech shit they don't understand. That's why memecoins are leading now.
Get rid of 50 IQ points and research mass projects.
8/ Don't quit.
Market like everything else is cyclical.
Remember you survived a bear market littered with challenges (LUNA, FTX, boredom, retail capitulation, complete sadness, etc.)
Now, with all these memories, let's grind hard during this bullrun and hopefully others.
9/ Don’t spend money on useless shi**t.
After big victories, there is a temptation to show off.
Most of the wins are situational, and you can't repeat them over and over again.
This is not life change yet.
Use those funds to make a foundation for more money and opportunities.
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