Another adventure is writing on Mirror. A good try!!!
Ok, today I sold out a bad shitcoin (Dogezilla), 50%+ loss on this Tugou coin. So from 2022, I’ll never touch any Tugou project no matter how hot it is. DYOR (do your own research). Even though friends highly recommend any project to me, I must research by myself before any action. Just today, I transferred Gogezilla→BNB→SYS(syscoin).
Lessons from 2021:
Never touch Tugou project
Never be afraid to buy altcoin high. I saw Solana and Luna all the way to the moon. Just be afraid they are too expensive than I noticed them at the first time, so I wonderfully miss these 2 stars.
Pull out of my initial investment right after each project gets double growth. That means selling out 50% and returning the amount into my investment pool.
Set up a clear target. Set a sell order RIGHT after buying in the coin, no greedy.
Liquidity is the King. Or I’ll pay more slippery/gas fee + time, while this probably results in a loss.
Once a coin is be classified into a Tugou, do not hesitate to sell it all and change the money into a good target. To me, a good project has a good developing team, an excellent prospect, a future trend, a start investor list, an excellent consultants team.
No hurry, be patient. Avoiding loss is always better than missing profit. Even though they weigh the same to me now. I need to get used to it.
Every highest point of BTC and ETH, sell a bit. And then buy it back when it dumps 30%. Don’t think to catch a dump 50%+. Just accumulate my coins. Price is not the first priority.
Never miss any small coin market cap hot coin (Not Tugou) with a small amount like 0.05%
After research, if really like a coin, use 5%-10% to invest.
At the beginning of 2o22, I have invested in a project with 0.05% and 4.5% (have not signed an agreement yet)in another one. Both initial, not from secondary market. As for the result, I have no idea, but I’ll review them 6 months later.