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Scalping in NFT is a form of trading that utilizes fast flips during the initial stages of mint or pump and dumps. This is a pretty reliable strategy that will allow you to gain profits of about 1-2 sol per degen mint, or some more serious profits if for higher FP collections:
For scalping, you will need following things
** **
I don't know any other tools that do the same as well.
Here you have 2 options:
Buy Nestor. Current FP is 6.6 sol
Get monthly access through me. Before making a call, I thought that some people will want cheaper access, so I made some kind of deal with Nestor. Now you can also pay 1.7 sol per month through me. DM if you want this
You do it manually or from some other tools. Not that good, but possible. Then you have to constantly refresh coral listings and monitor pumps and dumps
** **
** **
Not compulsory, but better if you want good sniper deals. Basically, you want to get a fast node to allow better snipes, which will increase your ROI. However, you can also start without it
Scalping is active trading, meaning that you have to watch the trading all the time. It's not buy and hold
** **
Below, I am going to provide you a view of the Nestor working tabs
Use only high volume collections:
When you scalp, you want to sell fast. If you can't sell fast, do not trade these collections. In practice, it means that you're gonna use pretty much only new collections after mints, because they have the most volume. Normally you have 1-2 days maximum to have profits
When you buy, always list the FP below. You want to sell faster than the others. If you don't get bought, then undercut. You gotta sell fast. But remember that there is some delay after listing, so wait at least 20-30 seconds before undercutting
If you buy it thinking that there will be a swing and there is no swing, sell it. Never hold. Scalpers do not hold anything, you want to be 100% liquid in your scalper wallet. Use profits to hold good projects, like saiba
Calculate your margin before starting swing trading. You need to take into account that if you buy, you need to sell (royalties + ME fees)% higher. For example, if you buy an NFT for 1 sol, with 10% royalties, you have to sell above 1 + (0.1+0.02)*1 which is equal to 1.12 to have any profits. If you enter the swing trade after a while after mint, you can estimate how wide the swings are using Nestor charts. If they are <20% from peak to peak, it's not even worth to try scalping
If you get a good profit, always sweep saiba. Saiba is a good long term hold to store and multiply your investments and profits
** **
Picking a collection ok, you got yourself a Nestor, and ready to start scalping. You will also need some capital to flip NFTs. I normally go for a maximum buying 10-15 NFT at floor price per swing. That means that if FP of a collection is 0.1 that you can have 1-1.5 sol to trade. The reason to limit the number of NFTs that you are buying is that you have to try to sell them at the top, and it's hard to sell many at once. If you buy more, profit margins become lower
** **
The first step that you want to have is to pick a collection. You wanna use these tabs in Nestor:
Right now you are watching the top collections and latest collections. For now, there are no high-volume collections in the left tab so, nothing to scalp.
** **The top collections also do not look like they have anything interesting going on This is a type of collection you want to swing trade:
You want to select collections based on following traits:
High volume
A lot of sales
High swings
An ideal collection for that is a degen mint. There are periods of panic sales and FOMO in every mint, which you can use to profit on. Let's say you found that there is a new collection on ME, called Stoned Souls (left tab , recent activity in Nestor). You see a lot of sales (these dots on the chart) so you decide to swing trade. Now you need to decide when is the right time to enter.
Monitor 3 variables in order to decide when to enter for a swing trade:
Floor price and derivative of a floor price. A derivative of a floor price means the speed of floor price increase and decrease. You want to buy , when FP starts to increase sharply i.e during panic sales:
Sit and watch the graphs of FP decrease during a down swing. Once you see that FP starts to decrease get ready, time to buy. But don’t buy yet
Listings. A general rule is you want to buy when listings stop increasing and start to decrease. However, you need to get a confirmation that its not a local swing. Wait for some time (around 10-50 seconds) to make sure that the listing trend goes from increase to decrease
Here you can see that you may have fake trend reversal and real trend reversal. The real trend reversal is also accompanied by a very sharp decrease in listing counts. That is when other scalpers are entering the trade. ideally you want to buy either during the moment when the listings just start to decrease or during this sharp decrease
Sometimes the trend reversal does not work and swing still keep going down. Time to cut losses and sell. Dont hold your bags
Events. note the average time of swings per collection. Normally, it's about 5-30 minutes per swing. during this time you also want to have a look at project discord announcements and twitter. sometimes there will be a major bullish announcement (100k USD into a liq pool) , or a tweet from a major influencer (Solstice, SBB, Frank de god, HGE). If you see it, you want to hold your bags a bit longer, probably ignoring the sell signal and wait for 1-2 waves more to sell higher
Exampleo
I don't always monitor events, but If i get lucky and catch one, it can be lucrative
Monitor the swing and remember the profit margin. There are many scalpers out there, so you will be competing with other scalpers. The other scalpers tend not to sell until they get decent profits. Monitor the rate of the floor price increase and the rate of listing decrease. Once you see that the rate (derivative) of FP increases and the listing increase slows down it's time to sell. You gotta be fast here, if you wait 20-30 seconds longer you may lose some part of your profits. Normally a good swing is about 50-100% from your buy . Ideally you sell when people are still FOMOing. They key thing here is to not be greedy and take small profits over time
Here you see that the floor price is increasing slower, while the listings stopped to decrease.
How to sell: list on ME or in your listing bot. If you want to be fast you can use Feathermint for example, but ME is also fine. The main thing that you want to ensure that you always undercut but not the lowest NFT
In this example here you want to undercut at 0.29 simply because people are buying a wider range of NFT. People that don't have good sniper bots are fomoing in larger costs NFT because they don't have access to a good on-chain bot (Nestor is on chain)
Here I literally entered a degen trade for 10 sol FP mint. I did not know anything about the collection all, i wanted a high volume after mint degen.
The screen above shows a classic example of panic sales. The FP was decreasing fast, and then sharply increased indicating panic sellers. The stabilization of FP indicated a buy signal. Additionally, the listings started to decrease. You see me buying NFTs below .15 with Nestor sniper. I was about ~10 seconds late to buy, so I could not enter with many sales, and managed to snipe only two pieces. If I was there the entire time, I would set up a sniper bot to snipe deals for me once panic sales stopped and probably would aim for 10-15 NFTs I got only two
I listed my NFT about 0.27 and then relisted at .245. The reason for that is that I saw a large distribution of sales. That probably was due to the fast that people without sniper bots fomoed to buy random NFTs above the floor. The FP was .2 when I listed
So here I demonstrated a lucky swing trade with ~ 70-80% profit in 3 minutes
* Good part about swing trading is that you don't care about the collection, or if it rugs or not. You only care about the volume of collection and the magnitude of swings. The mass buyers in NFTs are pretty predictable, and 70-80^ swing trading gives stable profit. Other times you want to exit at small loss of 10-30$. Over the time your losses will be less than your wins
*** Personal observations:
**Good time to enter a trade**
Botters panic dumping collection after the first FOMO peak.
Collection sells before listing on ME, not enough demand causes flippers to panic
Panic sales after some relatively long stable FP, flippers selling because they lost patience and want to exit
Good time to exit a trade
FOMO after the mint, people who couldn’t mint buying from botters
FOMO after an influencer tweet FOMO after influencer buying shit (get yourself a tracker)
Any time of FOMO
FOMO after an alpha call
Any time of very fast FP increase (edited)
If you want to support the author of this paper buy following collections on ME:
Saiba
Saiba Fight Club
Scalping in NFT is a form of trading that utilizes fast flips during the initial stages of mint or pump and dumps. This is a pretty reliable strategy that will allow you to gain profits of about 1-2 sol per degen mint, or some more serious profits if for higher FP collections:
For scalping, you will need following things
** **
I don't know any other tools that do the same as well.
Here you have 2 options:
Buy Nestor. Current FP is 6.6 sol
Get monthly access through me. Before making a call, I thought that some people will want cheaper access, so I made some kind of deal with Nestor. Now you can also pay 1.7 sol per month through me. DM if you want this
You do it manually or from some other tools. Not that good, but possible. Then you have to constantly refresh coral listings and monitor pumps and dumps
** **
** **
Not compulsory, but better if you want good sniper deals. Basically, you want to get a fast node to allow better snipes, which will increase your ROI. However, you can also start without it
Scalping is active trading, meaning that you have to watch the trading all the time. It's not buy and hold
** **
Below, I am going to provide you a view of the Nestor working tabs
Use only high volume collections:
When you scalp, you want to sell fast. If you can't sell fast, do not trade these collections. In practice, it means that you're gonna use pretty much only new collections after mints, because they have the most volume. Normally you have 1-2 days maximum to have profits
When you buy, always list the FP below. You want to sell faster than the others. If you don't get bought, then undercut. You gotta sell fast. But remember that there is some delay after listing, so wait at least 20-30 seconds before undercutting
If you buy it thinking that there will be a swing and there is no swing, sell it. Never hold. Scalpers do not hold anything, you want to be 100% liquid in your scalper wallet. Use profits to hold good projects, like saiba
Calculate your margin before starting swing trading. You need to take into account that if you buy, you need to sell (royalties + ME fees)% higher. For example, if you buy an NFT for 1 sol, with 10% royalties, you have to sell above 1 + (0.1+0.02)*1 which is equal to 1.12 to have any profits. If you enter the swing trade after a while after mint, you can estimate how wide the swings are using Nestor charts. If they are <20% from peak to peak, it's not even worth to try scalping
If you get a good profit, always sweep saiba. Saiba is a good long term hold to store and multiply your investments and profits
** **
Picking a collection ok, you got yourself a Nestor, and ready to start scalping. You will also need some capital to flip NFTs. I normally go for a maximum buying 10-15 NFT at floor price per swing. That means that if FP of a collection is 0.1 that you can have 1-1.5 sol to trade. The reason to limit the number of NFTs that you are buying is that you have to try to sell them at the top, and it's hard to sell many at once. If you buy more, profit margins become lower
** **
The first step that you want to have is to pick a collection. You wanna use these tabs in Nestor:
Right now you are watching the top collections and latest collections. For now, there are no high-volume collections in the left tab so, nothing to scalp.
** **The top collections also do not look like they have anything interesting going on This is a type of collection you want to swing trade:
You want to select collections based on following traits:
High volume
A lot of sales
High swings
An ideal collection for that is a degen mint. There are periods of panic sales and FOMO in every mint, which you can use to profit on. Let's say you found that there is a new collection on ME, called Stoned Souls (left tab , recent activity in Nestor). You see a lot of sales (these dots on the chart) so you decide to swing trade. Now you need to decide when is the right time to enter.
Monitor 3 variables in order to decide when to enter for a swing trade:
Floor price and derivative of a floor price. A derivative of a floor price means the speed of floor price increase and decrease. You want to buy , when FP starts to increase sharply i.e during panic sales:
Sit and watch the graphs of FP decrease during a down swing. Once you see that FP starts to decrease get ready, time to buy. But don’t buy yet
Listings. A general rule is you want to buy when listings stop increasing and start to decrease. However, you need to get a confirmation that its not a local swing. Wait for some time (around 10-50 seconds) to make sure that the listing trend goes from increase to decrease
Here you can see that you may have fake trend reversal and real trend reversal. The real trend reversal is also accompanied by a very sharp decrease in listing counts. That is when other scalpers are entering the trade. ideally you want to buy either during the moment when the listings just start to decrease or during this sharp decrease
Sometimes the trend reversal does not work and swing still keep going down. Time to cut losses and sell. Dont hold your bags
Events. note the average time of swings per collection. Normally, it's about 5-30 minutes per swing. during this time you also want to have a look at project discord announcements and twitter. sometimes there will be a major bullish announcement (100k USD into a liq pool) , or a tweet from a major influencer (Solstice, SBB, Frank de god, HGE). If you see it, you want to hold your bags a bit longer, probably ignoring the sell signal and wait for 1-2 waves more to sell higher
Exampleo
I don't always monitor events, but If i get lucky and catch one, it can be lucrative
Monitor the swing and remember the profit margin. There are many scalpers out there, so you will be competing with other scalpers. The other scalpers tend not to sell until they get decent profits. Monitor the rate of the floor price increase and the rate of listing decrease. Once you see that the rate (derivative) of FP increases and the listing increase slows down it's time to sell. You gotta be fast here, if you wait 20-30 seconds longer you may lose some part of your profits. Normally a good swing is about 50-100% from your buy . Ideally you sell when people are still FOMOing. They key thing here is to not be greedy and take small profits over time
Here you see that the floor price is increasing slower, while the listings stopped to decrease.
How to sell: list on ME or in your listing bot. If you want to be fast you can use Feathermint for example, but ME is also fine. The main thing that you want to ensure that you always undercut but not the lowest NFT
In this example here you want to undercut at 0.29 simply because people are buying a wider range of NFT. People that don't have good sniper bots are fomoing in larger costs NFT because they don't have access to a good on-chain bot (Nestor is on chain)
Here I literally entered a degen trade for 10 sol FP mint. I did not know anything about the collection all, i wanted a high volume after mint degen.
The screen above shows a classic example of panic sales. The FP was decreasing fast, and then sharply increased indicating panic sellers. The stabilization of FP indicated a buy signal. Additionally, the listings started to decrease. You see me buying NFTs below .15 with Nestor sniper. I was about ~10 seconds late to buy, so I could not enter with many sales, and managed to snipe only two pieces. If I was there the entire time, I would set up a sniper bot to snipe deals for me once panic sales stopped and probably would aim for 10-15 NFTs I got only two
I listed my NFT about 0.27 and then relisted at .245. The reason for that is that I saw a large distribution of sales. That probably was due to the fast that people without sniper bots fomoed to buy random NFTs above the floor. The FP was .2 when I listed
So here I demonstrated a lucky swing trade with ~ 70-80% profit in 3 minutes
* Good part about swing trading is that you don't care about the collection, or if it rugs or not. You only care about the volume of collection and the magnitude of swings. The mass buyers in NFTs are pretty predictable, and 70-80^ swing trading gives stable profit. Other times you want to exit at small loss of 10-30$. Over the time your losses will be less than your wins
*** Personal observations:
**Good time to enter a trade**
Botters panic dumping collection after the first FOMO peak.
Collection sells before listing on ME, not enough demand causes flippers to panic
Panic sales after some relatively long stable FP, flippers selling because they lost patience and want to exit
Good time to exit a trade
FOMO after the mint, people who couldn’t mint buying from botters
FOMO after an influencer tweet FOMO after influencer buying shit (get yourself a tracker)
Any time of FOMO
FOMO after an alpha call
Any time of very fast FP increase (edited)
If you want to support the author of this paper buy following collections on ME:
Saiba
Saiba Fight Club
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