You are NOT using Opensea correctly

When used properly, you can print money with your trades

Here are 7 tips for making profitable trades on Opensea

🔶 Trait Sniping

The 'Activity' page is typically used to watch sales

But pro's use it to watch live listings as they happen

This is by far the best way to snipe great deals on rare traits

1. Click a project
2. Click 'Activity'
3. Uncheck sales
4. Check listings

🔶 New pieces of data

OS has recently added new pieces of data to their pages

It's important you get familiar:

• % Listed: < 5% is ideal.
• Unique Owners: > 60% is ideal.
• Offer/Floor spread: use offers on wide spreads
• Royalty: flipping is easier when these are low

🔶 Always use offers

With collection offers, it becomes even easier to get good deals

You should NEVER use 'Buy Now'

Especially in a low volume environment, you can save big with offers

Use collection offers to:
• Get the floor for cheap
• Snipe traits
• Save money

🔶 Use Plugins

Using Opensea Chrome Plugins can add a lot of useful functionality

My favorite is Supersea

It allows me to:
1. See the floors in my wallet easily
2. Total wallet value
3. Pricing alerts
4. Watchlists

Many other plugins are free too. Will cover later!

🔶 Hidden Folder

Most people send NFT's to the hidden folder then never check again

Bad idea

Isolated pumps happen all the time, even on hidden NFT's

Every day prioritize quickly checking the floor on all your hidden NFT's

Otherwise, you might be leaving money on the table

🔶 View all offers received

Another critical daily routine

OS does a terrible job of alerting you to new offers

The 'offers received' screen will show you all your offers in one place

See an above floor offer? Take it

How to:
1. Profile screen
2. More
3. Offers Received

🔶 Use short expirations

Want to save money on gas?

Set short expiration periods when selling an NFT

Opensea charges you gas when you cancel a listing

But it's free if the listing expires

Choose the 1 day expiration, then create new listings if you still want to sell

Recap:

1. Watch the listings activity page
2. Understand the new Opensea data
3. Always use offers
4. Download plugins
5. Check your hidden folder
6. View all of your offers
7. Use short expirations

Any tips I missed? Comment on the original tweet above!

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