Started trading in 2019. Lost a total of around $5,500 over the course of a year trading or "trying to trade" futures. That was an insane amount of money for me. We lived in a $600 apt and drove "2nd hand subarus". I learned the hard way to leave futures the fuckkk alone.
I've made ALL that loss back and then some with some basic realizations.
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Never ever ever ever buy something that's going "parabolic" or up over 100% or more in the last 24 hrs. Fuck "fomo" I don't allow myself to touch it. It'll correct HARD as soon as I buy in. Always does. I guess i have the "touch"
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I buy the "blood" or the "fear" graphs that look like the lowest end of a half pipe. When the price has bottomed out for months or weeks not going any lower, almost bouncing off an invisible wall. I buy, buy, buy. ☺️
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Make sure the project still has a "pulse". Website still active, Twitter, etc. No ominous rumors or "de-listing" in the immediate future.
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Total supply vs circulating supply. I like to see the total supply under 1 billion and the total & circulating exactly the same. This means its probably not a "rug pull" and some developer is going to dump a massive supply making the price plummet like a meteor. If it has a low supply, the price action can be insane with $100 turning into $1000 overnight at times. Sometimes more. More volatility, more risk, better if you aren't investing a lot.
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Once my initial investment doubles, I pull out half. This is very hard to do in the moment. But if you can find the self discipline, you'll risk nothing but profit.
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Unless I'm really really bullish about a certain project, I leave money (not too much) on the exchange with emergency stop losses in place. I use multiple exchanges. My initial investment money eventually pulled back into a secure wallet after my initial investment doubles.
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Personally I understand that I don't have the major liquidity required to invest and (actually make good money) in the safer options like BTC or ETH. Therefore I seek out low cap, low supply, projects that have previously done at least a 20×.
I use a "blanket strategy" putting smaller amounts into multiple smaller projects. If one or two outshine the rest I'll buy more of those. Pretty simple.
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Most importantly, I set my stop losses and LEAVE it alone. I don't allow myself to check my portfolio very often. I go on with my hectic busy daily shit-show and let things grow in the background. This works best for me. My emotions can't be effected as easily if I don't allow myself to repeatedly check my balance throughout the day.
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Buy the fear, sell the greed. Don't buy the greed and sell the fear.
"When there's blood on the streets, buy, buy, buy." -Warren Buffet (I think I got the quote right…)
This basic strategy is the only one I found, that finally works for me. Hopefully it'll help anyone new to this space. May the fuckary be in your favor.
