💥 The advice is more for newcomers to the NFT, not everyone manages to discipline themselves in the degeneration of the NFT, but there are, have been and will be such success stories, go for it in this field, but do not forget, it is much easier and faster to get into the NFT!
📖 Read this 40 second story to avoid the mistakes it took 0xcheddie 6 months to understand them.
🚫 Don't chase new hype.
If something starts going up in price and everyone is talking about it, it's probably too late. Don't leave yourself empty-handed when it inevitably goes to zero like these NFTs.
📌 Here are 4 tips to help you improve your game:
1. Flip only those collections you know well. Try to be the person who knows the most about them
2. Especially in the beginning, you really only need to flip ONE collection. You'd be surprised how many people don't even realize they're trading.
3. NEVER don't buy NFTs if you don't know EXACTLY when you get out of position. Optimize quick trades where you can get in and out in a day or so. I try not to buy anything that will have to be kept for more than a week.
4. Avoid emotions when flipping. This applies to both FOMOand panic selling. If you are confident in your theory, let it develop. If you're feeling emotionally stressed, you're probably investing more than you're comfortable with. Reduce your bet next time.
💪 Flip is a skill and takes time to master.
Author: @eso97g13
