stepdub
Supreme Member
- Dec 25, 2016
- 1,332
- 1,452
GM blackhatters. I’m writing this thread to document my journey, make myself accountable, and meet new friends in crypto.
$10M may sound like a ridiculous target, but I know people in real life who’ve hit similar numbers in crypto.
My strategy:
- For long term holds: Scout projects that have the potential to go 100X-1000X [two years], invest no more than 1% of total portfolio value in each, once they hit 2X take initial out and ride on the profit further, take profits regularly.
- For short term trading: Scout memecoins, gamefi projects etc with more than 2X potential in near term [upto a month], risk no more than 0.05% of total portfolio value in each trade, and no more than 3 trades at a time.
Here are some milestones I've set, and the dos/don’ts applied to each:
$5k
$50K
$100k-500k
$500k+
I’ve accumulated a total of $93K in the last two years, with the combination of trading + investing + airdrop farming. So getting closer to the 3rd milestone bracket.
NOTE: This is my personal journey and not financial advice
LFG
$10M may sound like a ridiculous target, but I know people in real life who’ve hit similar numbers in crypto.
My strategy:
- For long term holds: Scout projects that have the potential to go 100X-1000X [two years], invest no more than 1% of total portfolio value in each, once they hit 2X take initial out and ride on the profit further, take profits regularly.
- For short term trading: Scout memecoins, gamefi projects etc with more than 2X potential in near term [upto a month], risk no more than 0.05% of total portfolio value in each trade, and no more than 3 trades at a time.
Here are some milestones I've set, and the dos/don’ts applied to each:
$5k
- No stable coin farming [annual APY yields etc]
- No LP farming
- No BTC/ETH/SOL or any major cap coins/tokens
- Focus on memecoins, GameFi, NFTs etc which have 10-30X potential
$50K
- Treat it similar to a 5k portfolio with some tweaks.
- 40% low caps, 30% LP farms [scout them by following whale wallets], 15% meme tokens/NFTs, 15% cash
$100k-500k
- Holding some BTC/ETH makes sense now
- Here, I gotta play both capital preservation and appreciation game.
- Bringing down position sizes makes sense here.
- Much easier than running with $5k. Why? Now smaller multiple returns (2-3x) can still make a measurable impact on my portfolio.
$500k+
- Once I start getting to really life changing levels of capital, the name of the game is to keep it!
- Will have at least $1m in lower risk stable farms with the goal to hit ~10% blended returns.
- My goals will be very different at a $2-3m portfolio size, I only need to 4x my portfolio to hit 8 figures.
- At this level I gotta be much more patient on almost everything I do, as the entries / exits matter more. (10% of a $1m position is $100k) vs. the smaller account sizes it doesn’t move the needle as much
I’ve accumulated a total of $93K in the last two years, with the combination of trading + investing + airdrop farming. So getting closer to the 3rd milestone bracket.
NOTE: This is my personal journey and not financial advice
LFG
