This January relied on$TRUMP 0xSun, who made over ten million dollars in profit from a single coin, shared his three-year experience in the crypto space on X; the following is a first-person summary of his insights, hoping it helps you.
Summary of over three years of experience in the crypto space
In my more than three years of experience in the crypto space, besides systematically reviewing and summarizing various projects through Twitter, I occasionally used note-taking tools to organize some fragmented content. Yesterday, while reviewing these notes, I found that the experiences within played a key role in my eventual success in the Trump operation. Some excerpts are taken from previous records.
2023
May 3
Do not pursue absolute bottoms; do not worry about selling too early. Selling too early is essentially the fear of missing out on high-multiple opportunities, but the primary market is least afraid of these opportunities. For those with delayed information and slow involvement, they may face limited choices, but if you are playing in the primary market, you should not worry about these issues. Seizing ten 10-fold opportunities is much easier than seizing one 100-fold opportunity; pursuing the latter may actually lead to loss of principal.
July 24
When encountering unfamiliar fields, one often hesitates too much about returns. For example, investing hundreds of thousands in the spot market for a 10~30% return but unwilling to take profits, while in the familiar on-chain primary market, feeling that 5~10E is already a heavy position, afraid to continue holding, fearing losses.
August 31
In the operations of the Sei airdrop and Friend Tech, quick response is crucial. Creating usable technical scripts, response speed determines profit. Being slow for one day may result in missing out on ten times the profit.
September 3
Never invest most of your funds in the market within a very short period. It’s acceptable to earn a little less, but you should avoid the risk of liquidation caused by heavy positions. When facing unfamiliar fields, avoid operating with overly simplistic logic.
September 4
Learn to cut losses quickly. It’s not necessary to make the right decision every time; when mistakes are made, the quicker the loss is cut, the better.
October 12
In operations, I realized that my way of betting on chips tends to weaken my risk resistance. As the amount of chips rises, my risk tolerance does not increase, but rather becomes weaker.
October 24
Small Opportunity: Expected returns of 5000-30000U, limited market capacity, and relatively low risk.
Medium Opportunity: Expected returns of 50000-300000U, higher investment, fewer opportunities, and larger market capacity.
Large Opportunity: High risk and high return, often opportunities that only a few can seize. Moderate investment but with extraordinary odds, or higher investment but with higher probabilities.
2024
January 21
Reviewing two annual level opportunities: Node Monkey and SatoshiVM. Annual level projects can bring tens of millions in profit, and there were two such opportunities within just one month.
Node Monkey: Did not do enough research beforehand, missing out on a bigger investment opportunity. Although 0.03BTC was a good investment opportunity, the final investment of 0.6BTC yielded 3BTC in returns, but investing more could have brought higher returns.
SAVM: Missed an opportunity that could have yielded millions in profit within a day. Although the analysis afterward was incorrect, experience tells me that such opportunities should not be ignored, and one should conduct thorough research and seize them wholeheartedly.
March 28
The keyword for this month is profit-taking. New on-chain projects are emerging endlessly, and taking profits in batches is the best strategy. Excessive profit desire caused me to miss timely profit-taking on some projects, leading to missed opportunities.
April 5
Being overly conservative is also a form of risk.
When the market rises significantly in the early stages, one should appropriately increase risk exposure and gradually reduce risk over time.
April 14
Timely adjustment of positions, avoiding being overly conservative in the early stages of a rise, and becoming greedy when the rise is significant.
June 10
The biggest problem is improper position setting, and only after hesitation did I increase the position, resulting in limited profits.
June 18
In three years of review, I found that I am easily influenced by inertia thinking. I was accustomed to investing small amounts in small project pools early on, even though on-chain projects have very good liquidity, and there is also substantial investment in CEX, but I was always overly cautious, thus missing out on larger opportunities.
July 28
Classic mistake of the Neiro project: The first reaction was that there was a great opportunity, but due to excessive caution, I did not dare to invest heavily, missing out on early profits.
November 3
The on-chain market reached a new high in October. Although total profits were between 500,000 to 700,000 U, there were still many operational mistakes, especially issues of 'selling too early' and 'not taking profits in time.'
November 24
In trading, one must be clear about the maximum loss they can bear. The core of on-chain trading is to bet small amounts to gain larger returns, while secondary trading minimizes potential losses. Before each trade, carefully consider the amount of loss you are willing to accept.
December 1
Missed several on-chain opportunities. Although the projects themselves were fine, due to unstable market sentiment and excessive position size, funds were drawn back.
Summary
In the past two years, I have gradually developed a strategy for operating in the on-chain market, successfully avoiding selling too early and profit withdrawal through timely profit-taking and increasing risk exposure at the right moment, ultimately achieving ideal results in the Trump operation. I hope these summaries can help everyone avoid similar mistakes in future operations and draw from these experiences.
Position Management and Risk Control:
Small bet, big returns principle: The core of on-chain trading is to strive for profits of 5~10 times or even higher with small capital, accepting the risk of losing the principal, but avoiding heavy positions at high levels.
Imbalance in position allocation: Early habits of participating in on-chain projects with small amounts (due to poor liquidity), while betting heavily in secondary trading on major exchanges (CEX), failed to fully utilize high-return opportunities on-chain.
Excessive caution and hesitation: Many times lost out on early high-multiple opportunities due to being overly cautious (like not daring to take a 600k position in the Neiro project) or increasing positions later leading to losses.
Taking Profits and Cutting Losses:
Timely profit-taking: Emphasizes taking profits in batches to avoid 'selling too early' or profit withdrawal, especially in familiar on-chain projects (like in the Bome project, where market sentiment led to not taking profits in time).
Quick loss-cutting: Learn to cut losses quickly when making wrong judgments to reduce losses (like the lesson from September 4, 2023).
Market Sensitivity and Timing:
Early involvement: Increase risk exposure when the price trend has just reversed, then gradually decrease it (like learning the GCR strategy on April 14, 2024).
Quick response: The speed of technical scripts and information acquisition is crucial; being slow for a day may result in missing out on 10 times the profit (like the experience with Sei airdrop and Friend Tech).
Project Selection and Analysis:
Annual level opportunities: Like Node Monkey (OnChainMonkey) and SatoshiVM, both are innovative projects in the Bitcoin ecosystem, with huge potential but require in-depth research (like not knowing Node Monkey was the first Bitcoin 10k PFP, leading to insufficient position).
Meme coins and Doge coins: The judgment of the buying point needs to look at the expected upside rather than simply relying on the multiple of bottom chips; be wary of the FOMO (fear of missing out) mentality when the crowd is enthusiastic.
Psychology and Inertia Thinking:
Overcoming emotions: Avoid misjudgments caused by market frenzy (like in the Bome project) or arrogance, and maintain rational judgment.
Breaking inertia: The early habit of small on-chain transactions limited positions in large opportunities; strategies need to be adjusted to adapt to market changes.
