#firstdealofthenewyearFateema Trading NFTs for profit requires strategy, research, and market understanding. Here’s a step-by-step approach: 1. Research & Identify Profitable NFTs Follow trends: Use platforms like OpenSea, Magic Eden, and Blur to track trending collections. Check utility: Some NFTs offer staking rewards, governance rights, or exclusive access. Study rarity: Use tools like Rarity Sniper or HowRare.is (for Solana NFTs) to assess NFT uniqueness. 2. Buy Low, Sell High Mint early: Participate in NFT mints with strong hype and community backing. Buy in dips: Market cycles cause price fluctuations—buy when floor prices drop. Sniping: Look for mispriced rare NFTs listed below their actual value. 3. Use Trading Strategies Flipping: Quick reselling of undervalued NFTs for a profit. HODLing: Holding blue-chip NFTs (like BAYC, Azuki, DeGods) for long-term gains. Arbitrage: Buying from one marketplace and selling on another for a higher price. 4. Stay Updated Join NFT communities (Twitter, Discord) for alpha leaks. Follow influencers and NFT analytics tools like NFTGo, Nansen, or Flips.finance. 5. Avoid Common Mistakes Beware of scams: Verify projects before investing. Avoid hype traps: Not every viral NFT is profitable. Manage risk: Don’t invest more than you can afford to lose. Do you have a specific NFT project or blockchain in mind?