I Turned $1K Into $130K At The Peak Of The Last Bull Run
Then I fell to 8k.
Many will see 100x+ on their portfolio by the end of cycle.
But most will lose 90%+, making many mistakes.
Knowing how to avoid these 12 mistakes, meant 1000X earlier 🧵👇
$BTC hit ATH every week, $ETH growing, alts pumping, bull run is in full swing.
I've passed 2 cycles and know exactly what to do to make it, actually I made $2,5m from $8k this year.
I think u all making money now, but most won't lock in this profit, and end this cycle with $0.
What will lead you to this?
Of course, greed, leading to these mistakes:
✧ FOMO
✧ Not locking in profits
✧ Not using stop losses
✧ Not cutting losses
And many other mistakes, that will lead you to REKT, if you don't know how to avoid them.
That's why I decided to give u a list of 10 tips, I follow now to avoid repeating past mistakes, and so should you.
But before we start...
I'll likely make my profile private soon, so make sure to follow me and bookmark the first tweet, so you won't lose it later.
1/➮ Dive deep into the narratives you like and ride them:
✧ To earn you need to identify trends early. You can find 3-4 narratives you like and focus on them
✧ Make it simple, find a trend -> invest a % of your portfolio -> get profits, and then start with a new one
2/➮ Rotation of narratives
✧ Remember that now we are in a bull market and narratives are standing longer due to a bigger flow of liquidity and new users
✧ So, take your time, fix your target, and move on to the next narrative.
3/➮ Some Good Narratives(More like a tip than advice)
Here is a list of some good narratives for the 2024 cycle:
- AI
- L2/L1
- Meme
- GameFi
- ERC 404
- RWA
- BRC-20
This is the basis that should be taken up first.
4/➮ Waning Momentum
✧ You waiting for the pump. 100x pump happened and you missed it, then you don't buy it cause it's expensive now and it pumps 100x more because we are in a bull market
✧ Don't think about the moves you've missed in the bull market, focus on the upside.
5/➮ Fixing profits
✧ Always have a target before buying anything. Fix the body in the target and keep growing your profit.
✧ Then it will be psychologically much easier to hold because you can't lose anymore.
6/➮ Stop losses
✧ You always need to make stop losses, especially when trading alts
✧ You might believe in the project 100 percent, but if the market turns, it will hit the bottom
✧ I don't risk more than 1% of the entire portfolio on one trade .
7/➮ Simple Portfolio
✧ Write down all your investments and profit/loss on a table.
Make it like this:
- Long-term investments - Investment amount (IA)
- Low-caps - IA
- Your bet in the first narrative - IA
- Your bet in the second narrative - IA
8/➮ Crypto Space
✧ Crypto Space isn't ending on X, there are a lot of different socials like YouTube, Tg, TikTok, and Reddit
✧ There is tons of interesting info about crypto that you can't find here so be open to new communities and spend time there, improving urself
9/➮ Life-change (10x is a good profit too)
✧ The biggest amount of money I lost was here. You make 10x then feel like you're underperforming, trying to catch 100x, and lose all your profits
✧ Remember to fix profits (which means get it in stables) and then try to catch more.
10/➮ Make notes and rules so you won't repeat your mistakes:
✧ No one is perfect, It's ok to lose, BUT it is not okay to repeat your mistakes
✧ So, if you lose smth, great, get a lesson and keep moving
11/➮ Fix the profits:
✧ Every time the chart structure updates (new ATH) - lock in profits.
✧ When you feel like a genius or are screenshotting your gains, it's time to take profits.
✧ Taking profits means move them into stables, not reinvesting into other projects.
12/➮ Always hold stablecoins for at least 20% of your portfolio (I hold no less than 70%).
Holding stables is crucial because if u don't have liquidity, u won't be able to:
• buy the dip
• invest in public and private sales
• make smart moves
hold some stables - must-have.
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