How to make profit and NFT world. Practial advices.
I was curious about the performance from the mint plans I’ve shared with you and see if I can get some insights. Results are beyond my expectation and many lessons to be taken from it !
In total 132 projects have been shared in 9 mint plans since Nov 21, of which 131 have minted.
The performance is insane: x4.2 with current FP or x7.5 with FP ATH! (As of April 19th).
And this is without even considering rarity, multiple mints, and secondary plays …
Moving on to the analysis part.
**MOST IMPORTANT RULE : you’re selective with what you plan to mint**
There are on average 10+ projects minting per day and clearly we need to be selective in advance and not just mint day by day.
Having a plan will help you focus on important WL and not spread your time everywhere.
Indeed, it requires a lot of WL grinding to secure the plan but it is possible to secure a minimum with DAOs and grinding.
As I share the mints in advance, you can further optimize that ratio by adjusting your plan in the hours before mint and avoid some flops.
By doing so, I’ve raised that ratio to x5.4 on my own plan (55 mints vs 78), which also considers that you can’t mint everything.
Now imagine if you compound your profit.
If you properly mix flip & hold, you could have started with 15-20sol and end up with 500+ sol right now.
And that’s not even considering selling at the tops!
Which brings me to all the lessons we can take from it.
**INSIGHT 1 : You need 15-20 sol to start**
At any point in time, this amount was enough to get started and cover for any so-so mint.
Investing less than 15sol will force your to flip all your first mints and will probably make you pass on strong holds.
**INSIGHT 2 : 90-95% of selected mints are above mint price at some point**
When selecting your mints carefully, the risk to loose money is actually really low !
If you do loose liq, it might be that you panicked and got caught by your emotions.
So take a breath, hodl and chill 🙂
**INSIGHT 3 : Holding is better than flipping for x2/3 profit**
If you aim to flip everything for a x2 or x3 profit, you’re actually lowering your potential profit vs simply holding …
Keep in mind that holding until now gave you a minimum of x4.2.
Indeed, with the WL meta, we’re all limited in the number of mints, ie. capped at 1 or 2.
So if you want to compound gains, it needs to be with a mix of flipping and a larger mix of holding.
**INSIGHT 4 : Invest more heavily in conviction plays**
Which brings me to the eye opener for me, the usual Pareto rule: 80% of the overall profit is made from 20% of the mints As simple as that. I always do the exercise upfront to highlight my most bullish projects.
Guess what, all the 10x projects were there.
I’ve had a hard time to sweep as I used to be cautions and worked on lowering my risk.
I often get questions like, “Getting to 100 is ok, but how to go to 1000 ?” and it seems that sweeping floor for convictions is the play.
**INSIGHT 5 : Use simple TA and psychological resistance to TP**
With the increasing volume, TA is becoming more and more relevant. No need to over complexify it though and keep it simple: for example MA is not really relevant, Fib can be used in specific cases, etc.
With the increasing volume, TA is becoming more and more relevant. No need to over complexify it though and keep it simple: for example MA is not really relevant, Fib can be used in specific cases, etc.
Of course, there are many strategies and this is just one of them which I’m being comfortable with. You might get there by testing and tweaking a few things to tailor to your style. And I hope that this post will help you grow.
I will probably keep this sheet to monitor all the mints plan in the future. I’ll share update from time to time and see if can still improve.
Let me know if you see any other takeaways / insights to pull!