March 2022 has been financially rewarding which is weird to say as we are still under the gloom of bear. I found price actions polarized between top projects and the rest, which means profits are more concentrated in good projects. Lesson learned:

1. Liquidity! Liquidity! Liquidity! I cannot emphasize this enough to myself, really need to stop impulse buy, oftentimes I burn liquidity due to FOMO my dream NFT, only to realize later I could have acquired the same piece at a cheaper price.

2. WOW released WOWG, BAYC issued Ape Coins, Azuki released Bobu and airdropped “something official”. Bluechips want to expand and attract both capital and talents, this could be a win-win for investors wanting to access the bluechip ecosystem in the long term, but be cautious to dive in right after the hype.

3. For PFP projects, flip pre-reveal is the go-to strategy, don’t wait till post-reveal as it’s statistically unintelligent to bet on 1% rare, or pump after the reveal. If you truly love the project, could always re-enter after the reveal and pick the one you like with higher ranks. BUT, for utility projects like passes or tools, flipping right away may not be the best strategy as the value only manifests itself after consolidation.

4. Minting in a bear market becomes very risky, don’t jump off the gun right after the pre-sale starts, if the OS price is lower than 0.1, it’s a no-go taking into account the mint price+royalty fee+gas. Don’t waste time on earning 0.01E bearing the risk of losing the initial cost.

5. Set boundary. NFT is a 24/7 space but you don’t have to follow the crowd. Grinding for WL and spending too much time in discord is still exchanging cheap labor for money, which is not very time-effective. At the end of the day, what you can carry with you besides ETH is the knowledge and the network you built, not those meanless conversations or discord levels.

If you care to see the detailed breakdown:

In total I made 13 WL mints in March, 6 no mints, several secondary trades.

Out of the 13 WL mints, 8 are profitable:

• Kibatsu Mecha | 0.3 → 1.3 (+1E)

• Loser Club | 0.088*2 → 0.15, 0.18, also flipped 0.08 during the pump (+0.32E), still keeping one that I like at 0.17E

• Fortune Dao Genesis | 0.088 → 0.37 (+0.28E)

• Sprite Club | 0.07*2 → 0.17, 0.22 (0.25E)

• OKPC | 0.188 → 0.35 (0.16E)

• Coniun | 0.15 → 0.25 (0.1E), still holding the other

• Metroverse Blackout - still holding

• AquaTools | 0.08 → 0.24 - still holding

5 are either break-even or lost gas: Happy Homies, Foodgod, Chumchum, Seekers, Oozoid.

6 no mints are: Courtyard, Astro Girls Society, Flair, NekoCore, Skylinez (rug), Loveless City Abnormal Jeans

Secondary trades:

• sold Wonderpal at 0.87, re-entered at 0.57. Looking back could have been more patient.

• sold Stapleverse Teabag at break-even price, price dipped post the seed flip as expected.

• bought bobu post mint at 0.079, considered at a low entry point to the Azuki ecosystem, should wait a couple more days after the hype.

• sold Starcatchers at 0.29, lost faith after the artist left the project.

• got into several new art collections including: Mythic Guardians, Imaginary Creatures, Curious Cabin, The Cat Haus, Stickers Planet, Downpour, Ghxsts Culture, The Art of Seasons, Pilots in Cocoon. Those always bring me the most joy and keep me mentally sane.

• bought WOWG at 1.6, holding long term.

• sold FlyFish Club in order to acquire two more 3landers at 2.2, 2.3. should have saved half the liquidity for the dip later, plan to hold long term.

Thank you for reading till the end, I hope bull is back in April so we can enjoy the ride, just hang in there!

March 2022 has been financially rewarding which is weird to say as we are still under the gloom of bear. I found price actions polarized between top projects and the rest, which means profits are more concentrated in good projects. Lesson learned:

1. Liquidity! Liquidity! Liquidity! I cannot emphasize this enough to myself, really need to stop impulse buy, oftentimes I burn liquidity due to FOMO my dream NFT, only to realize later I could have acquired the same piece at a cheaper price.

2. WOW released WOWG, BAYC issued Ape Coins, Azuki released Bobu and airdropped “something official”. Bluechips want to expand and attract both capital and talents, this could be a win-win for investors wanting to access the bluechip ecosystem in the long term, but be cautious to dive in right after the hype.

3. For PFP projects, flip pre-reveal is the go-to strategy, don’t wait till post-reveal as it’s statistically unintelligent to bet on 1% rare, or pump after the reveal. If you truly love the project, could always re-enter after the reveal and pick the one you like with higher ranks. BUT, for utility projects like passes or tools, flipping right away may not be the best strategy as the value only manifests itself after consolidation.

4. Minting in a bear market becomes very risky, don’t jump off the gun right after the pre-sale starts, if the OS price is lower than 0.1, it’s a no-go taking into account the mint price+royalty fee+gas. Don’t waste time on earning 0.01E bearing the risk of losing the initial cost.

5. Set boundary. NFT is a 24/7 space but you don’t have to follow the crowd. Grinding for WL and spending too much time in discord is still exchanging cheap labor for money, which is not very time-effective. At the end of the day, what you can carry with you besides ETH is the knowledge and the network you built, not those meanless conversations or discord levels.

If you care to see the detailed breakdown:

In total I made 13 WL mints in March, 6 no mints, several secondary trades.

Out of the 13 WL mints, 8 are profitable:

• Kibatsu Mecha | 0.3 → 1.3 (+1E)

• Loser Club | 0.088*2 → 0.15, 0.18, also flipped 0.08 during the pump (+0.32E), still keeping one that I like at 0.17E

• Fortune Dao Genesis | 0.088 → 0.37 (+0.28E)

• Sprite Club | 0.07*2 → 0.17, 0.22 (0.25E)

• OKPC | 0.188 → 0.35 (0.16E)

• Coniun | 0.15 → 0.25 (0.1E), still holding the other

• Metroverse Blackout - still holding

• AquaTools | 0.08 → 0.24 - still holding

5 are either break-even or lost gas: Happy Homies, Foodgod, Chumchum, Seekers, Oozoid.

6 no mints are: Courtyard, Astro Girls Society, Flair, NekoCore, Skylinez (rug), Loveless City Abnormal Jeans

Secondary trades:

• sold Wonderpal at 0.87, re-entered at 0.57. Looking back could have been more patient.

• sold Stapleverse Teabag at break-even price, price dipped post the seed flip as expected.

• bought bobu post mint at 0.079, considered at a low entry point to the Azuki ecosystem, should wait a couple more days after the hype.

• sold Starcatchers at 0.29, lost faith after the artist left the project.

• got into several new art collections including: Mythic Guardians, Imaginary Creatures, Curious Cabin, The Cat Haus, Stickers Planet, Downpour, Ghxsts Culture, The Art of Seasons, Pilots in Cocoon. Those always bring me the most joy and keep me mentally sane.

• bought WOWG at 1.6, holding long term.

• sold FlyFish Club in order to acquire two more 3landers at 2.2, 2.3. should have saved half the liquidity for the dip later, plan to hold long term.

Thank you for reading till the end, I hope bull is back in April so we can enjoy the ride, just hang in there!