Article originally posted in MVHQ Discord on September 21, 2021 by Mitch. Some information may be outdated.
Here's a list of principles I've learned from friends, absolute whales, and all of you beautiful people...
1. LIQUID IS KING
Easy to understand but difficult to maintain. There are 2-5 juicy opportunities a day that you'll miss if you can't invest. You also should to maintain liquid for stealth drops like Blocky Doges or Mutant Ape Yacht Club. These are the multipliers that skyrocket portfolios, always be ready for them with liquid.
2. PROFIT IS PROFIT
Pretty easy to understand here, it's okay to profit take (unless it's chubbicorns). This aligns with the first rule and your ability to multiply your profits into other projects.
3. EYES FORWARD
This applies if you sold something too soon and it moons (like I did with 888s and Chubbicorns) OR if you got burnt badly due to gas errors/scams (like I did with Nobodies). Stay focused and be even more on the lookout than before. Case in point, I sold two chubbicorns at .6942 each but then used that to invest in Guild Of Guirdians netting me 11 eth profit. I've since taken that 11 eth and multiplied elsewhere. Keep moving, stay nimble, and don't get down on yourself for too long. Gains are right in front of you.
4. CUT YOUR LOSERS
Depending on how much risk you can handle and how liquid you are, it's time to cut your losses and move on. You know the ones... I certainly do.
5. MAINTAIN MULTIPLE WALLETS
Two main reasons for this. Reason 1: It's currently the meta to allow for wallets to get one free mint, or ONLY one mint. Case in point more recently Hirst Punks, Non Fungible Bones, and WeMint Washingtons. Reason 2: Maintaining multiple wallets, especially ones not linked to your main wallet, allows you to move freely without ppl being able to track your moves. This is more relevant when you are being watched by Nansen and other slow PIKERS.
6. SELL IN THE MORNING
Floor tends to be higher during an evening of buying, if you can wake up before US sellers, you're gonna have a nice window to sell high.
7. LEARN YOUR ABCS
I'm talking Contract reading, minting, watching demand, brush up on your tools, all that shit. Learn your fucking basics and you'll be ahead of the curve. There's always a new meta, tool, etc to be learned.
8. SLEEP IS A GREAT MONEY MAKER
Sometimes when you walk away from a project you're holding that you believe in, it ends up mooning days even weeks later. Basically don't act emotionally, if you've got the liquid to hold longer, it could benefit you greatly.