The larger any market consolidates in terms of price, the more dramatic the resulting price action. This is Wyckoff's 2nd Law in action

One trade does not define you as a trader

Getting into an NFT collection is easy, getting out is hard. If investing for a short-term flip, make sure you have a target in mind and game plan first

Support & Resistance zones are important with NFTs too. These don't have to be recent, levels from years ago can still be relevant/tradable

If you can't sleep at night thinking about a trade then you are over-leveraged, derisk asap

protecting your investment capital is your MOST important responsibility

Trade in a timeframe that matches your risk tolerance and talents. E.g. if you are especially nervous, checking the price every few mins, etc then longer term investing may be more appropriate

It's a good idea to go through your P&L and look for patterns. Sometimes you can be surprised by the insights Do more of what works and less of what doesn't

A trend line in any market has more significance if it has been there longer or if it has been tested and remained intact more times

Unless you can control emotions and decision making, leverage is a tool that will magnify those emotions and punish careless trading decisions