I made a lot on $SOL memecoins , Every day people around me ask me "Bro, can you teach me?"
Many will charge you $10,000+ for this info, but not me
🧵: 8 things I wish I knew before I started trading memes
Before we jump in, could I ask for a favor?
I've dedicated a ton of time to this research and truly value any interaction with this thread!
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1/ Don't Rotate Capital Each Minute
Rotating your bucks from one meme to another is smart in this fast-paced market.
To win, you've got to play musical chairs with your capital now and then.
But, newbies can take it to the extreme.
Case in point: after $boden burst onto the scene and surged, the craze for celebrity coins hit. Some degens, instead of sticking with $boden — the star of the show — jumped to newer celeb coins, which rugged in a day.
Meanwhile, $boden went from $20m mc to $500m mc in a month.
2/ Use Sniper Bots
In the current meta of memecoins, you need to outperform 99% of people to get your piece of the pie.
In the trenches, speed is your best ally — every second can make or break your success. That's where sniper bots come into play.
Sure, most public sniper bots might not break sound barriers, but they're usually quick enough to leave the average degen eating your dust.
3/ Follow the Insiders
It's well-known that insiders quickly buy some 100x memes like $BOME and $MEW as soon as they hit the market.
And honestly, I love them, the insiders.
Why?
Because once I find their wallets, I can mimic their trades and possibly catch 10-100x tokens.
Yes, hunting down their wallets is tricky, and they tend to switch them now and then, but trust me, it pays off, especially if you're a newbie.
4/ DYOR, DYOR, and again DYOR
If you aim to score big gains, delve deep into projects by looking into:
➢ Social media presence
➢ Telegram activity
➢ Project's team
➢ Current and potential CEX listings
➢ Tokenomics
➢ Marketing campaign
➢ Narrative
➢ Trading volume
5/ Spot New Narratives Early
Why do you need to spot narratives early? Obviously, to maximize profits.
Recently, the cat coins like $MEW started gaining momentum. By keeping an eye on trending pairs, you could buy cat coins early and easily see a 100x return with one of them.
Examples:
$SC: $400k ➜ $387M MC | 1,204x in 4 days
$nub: $6.6M ➜ $196M MC | 28x in 6 days
How do I find new narratives early?
I keep tabs on the top gainers and tokens by volume on DEX Screener, plus follow the moves of seasoned degens.
6/ Keep Bets Small
Only allocate a small slice of your portfolio, or what you can afford to lose, to memecoins.
This approach simplifies decision-making.
Treat memecoin trading like gambling. Would you bet everything on red? Pause and consider.
7/ Stick to Your Strategy
Don't get swayed by market fluctuations. Always stick to your original plan to not roundtrip your gains.
There are many strategies to fix your profits:
➢ SAFU: Take 50% off the table at 2x, leaving the remainder as a "moon bag."
➢ Go Big or Go Home: If you've done your homework, hold for those 10-100x gains. Statistically, you're set to profit over time if your research is solid.
➢ Custom: Craft a strategy that suits your style. Design it, test it out, and then stick to it rigidly.
8/ Stick with the winners, ditch the losers
It's easy to fall into the trap of offloading your winners to double down on the laggards.
If your token's value has doubled, don't be quick to cash out. Give it a chance to climb even higher.
Cut the losers ➜ When a token is consistently lagging, it's wiser to let it go, even at a loss, and redirect your focus to the ones leading the pack.
Bagging hundreds of X's on memecoins isn't a walk in the park.
You gotta grind day and night, pouring sweat and soul into it.
But it is worth it.
Heard the story of a newbie who made $400k from $3k in a month.
To pull that off, he dug deep, learned a lot, wasn't shy about going big, and kept his cool holding onto his bags.
If you're ready to commit to this level of dedication, the rewards can be immense.
Just remember, only play with money you can stand to lose. Begin with small bets, experiment, learn from mistakes, fine-tune your strategy, and steadily progress.
