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Eli5DeFi
@Eli5defi
Visual Information Layer of Technology | TG Channel ➠ | Substack ➠ | All Posts NFA + DYOR
Joined January 2022
7.6K Following    47.8K Followers
100% agreed. I had to learn that lesson last cycle. My PnL would’ve looked way better if I had just stick to the thesis and stopped spinning in and out. If you’ve got that nonstop urge to click buttons, set up separate wallets by risk lane. Like: a degen wallet, a medium-term hold wallet, and a “profits are done” wallet. For that last one, it’s usually smartest to flip to stables and park it for some low risk yield like Aave or Morpho. Bonus points if it’s on a cold wallet you can’t conveniently touch.
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btw pro tip for the new guys: during a bull market you should actually be doing *less*, not more by over-rotating on your positions trying to catch the latest thing, or worst still, chase what is pumping, you mathematically erode your gains ex: → you hold $10k of token X. it doesn't move for weeks → you get bored, sell it, and buy token Y, which is already up 50% → Y goes up another 10%. you're at $11k. you feel smart. you don't take profit → Y cools off and drops 27% from the top. you're now at $8k → meanwhile X, the token you sold, finally runs 50% if you had done nothing: $15k because you "did something": $8k. 7k gap from one rotation, and a +25% to get back to where you started in a bull market, the most important thing to do, is sit on your hands. ideally you should have planned, allocated, and all you have left to do now is to hold.
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