NFT OG: How to Avoid Detours in NFT Trading?
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NFT OG: How to Avoid Detours in NFT Trading?
12 NFT Investment Principles That Will Make You a Better NFT Trader
Navigating Web3 tides with focused insightsWritten by: NFT God
Translated by: TechFlow intern
12 NFT investment principles to make you a better NFT trader:
1. Before you hit the buy button, ask yourself why you believe this project will be more valuable in 6 months. If you can't answer that question, or your answer is "I just hope it goes higher," then you probably shouldn't buy. You never lose money if you don't enter the market.
2. Learn from every loss. Keep a trading journal—write down every trade and your reasoning behind it, then reflect afterward. Never make the same mistake twice.
3. You don’t need to trade to participate in the market. Stay involved by tracking trending topics, engaging on Twitter/Discord, joining Twitter Spaces, creating valuable content, etc.
4. Always keep some ETH in reserve. You never know when a new opportunity might arise. I like splitting my ETH in half—hold one half, use the other for crypto/NFT investments. Never go all-in.
5. Take profits when you can. Making profits in NFTs is extremely difficult—when you have the chance, don't be greedy. Cash out while you're ahead.
6. Clean up your Twitter feed. Find the right communities/circles and filter out market noise.
7. If you feel emotionally overwhelmed, shut down your computer. Emotions impair judgment, and NFT trading is especially vulnerable to emotional decisions. Again: if you don’t trade, you can’t lose. Only trade when you’re at your best mentally.
8. Avoid checking NFTs during the first or last half-hour of your day. Doing so sets a negative mindset—either starting your day stressed or going to bed anxious. NFT prices are highly volatile and emotional. Mental health is key to effective trading.
9. Never buy something just because someone told you to. You don’t know their strategy or when they plan to sell. I’ve never made a profitable trade by copying others. Think independently. Do your own research (DYOR).
10. If the project has already pumped, you’re too late. NFTs usually pump and then pull back. If you buy during the rise, you risk getting caught in the correction. Wait for low-volume conditions before buying.
11. Don’t let NFTs dominate your portfolio. A balanced portfolio is critical. If NFTs take up too much of your holdings, sell—regardless of price. Cash flow and stocks are also vital components of a healthy portfolio.
12. Don’t follow KOLs into trades. Money corrupts everything in this space. That influencer you trust? More likely than not, they’re just a “scalper.”
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