Thread by @LadyofCrypto1

In 2019 at 23 I told myself if I could earn £30k per year by the time I turned 30 I made it.

In 2021 I gave up what I thought was my dream job for #crypto

Here is how I did it.

🧵 👇

1/ -- Failure --
I was horrible to start, I really was. I started iNvEsTiNg in tech stocks.

I made all the mistakes, FOMO, greed, you name it.

I tried scalping, not for me, too stressy. I tried day trading, same. Eventually, I found swing trading which was more my speed.

2/ -- Time --
#Crypto requires all of your free time and more. You need to live and breathe crypto.

I was studying for a master's at uni n working part-time when I started crypto. I invested all of my free time into it.

If you are too lazy to invest time to learn, you're ngmi.

3/ -- Fundamentals --
Technical analysis is amazing for managing trades.

But I started in a bear market. Volume sucked. So I learned fundamentals.

I studied what made a project good.

Team, tokenomics, vesting, utility, roadmap, sector and more.

4/ -- Scattergun --
Learning to identify good projects is a vital skill but you can't always be right.

So I took a scattergun approach and invested a small amount into 20 or so projects instead of a large amount into a few.

5/ -- Cutting losers --
Investing in a lot of projects means you get some good and some bad.

Holding on to losing trades in the hope that they turn around is not smart.

It's called opportunity cost.

If a project failed to deliver, I cut my losses and moved on.

6/ -- Taking Profit --
When a project runs, greed kicks in and you want to hold.

I was lucky to be in a team of experienced traders because I learned early on to TP.

Taking partial profit means you can reinvest into other projects or better-performing projects when they dip.

7/ -- Being Flexible --
Don't marry your sector. I made this mistake with metaverse n p2e.

I made 🔥 returns in that sector and I thought it would never end.

Then I got into a bunch of projects that didn't do well like CRAFT and NGL. When a sector gets oversaturated. Move on.

8/ -- Be Patient --
It took a while for my plays to take off but I held and waited for the market to pick up.

It can take type for the hype to build up.

8/ -- Be Patient cont --
For example, I invested in #movetoearn way back in December with $CALO. People ridiculed it, they said it was dumb.

Now, with STEPN $GMT, m2e is the biggest sector in crypto.

If you have conviction don't let dumbasses sway you. Be patient.

If you found this thread useful give it a like and a retweet.

Thank you for attending my TED talk 😘