Notes on Trading Meme Coins on Solana

Introduction

• Wallet Setup: Started a new wallet for trading meme coins on Solana, earning $80,000 in 10 days.

Initial Steps to Start Trading

1. Buy Crypto: Purchase Solana (SOL) using exchanges like Coinbase, Binance, or Kraken.
2. Phantom Wallet: Download and set up a Phantom wallet extension from the Chrome store.
3. Transfer Funds: Transfer Solana from your exchange to your Phantom wallet.
4. Trading Platform: Use the BullX link to access trading platforms for meme coins.

Understanding the Trading Environment

• Platforms: Coins are created on platforms like Pump Fun and Moonshot.
• Graduation Process: Coins reach a stage called Radium after meeting specific market criteria.

Strategies for Trading

• Monitor New Pairs: Watch new coin pairs to identify promising coins.
• Guaranteed Money Strategy: Focus on waiting for lucrative opportunities, avoiding rushed decisions.

Tools and Resources

• Tools: Use tools to check top holders, detect reused Twitter handles, and identify coin copies.
• Free Tools: Utilize tools like TweetShift for faster Twitter updates.
• Wallet Tracker: Monitor successful traders with wallet and RayBlue trackers.

Key Tips and Techniques

• Avoiding Scams: Check for reused Twitter and websites to identify potential scams.
• Twitter Influencers: Follow influencers for insights and potential coin impacts.
• Meme Coins: Monitor social media events (e.g., Elon Musk’s dog) for coin creation.
• Gas Settings: Manage transaction priorities and fees effectively.

Importance of Alpha Groups

• Join Alpha Groups: Engage with groups for insights; examples include Potion, Pastel, Shocked, Digi World.
• Network: Use Discord and Telegram to stay updated on trading calls and trends.

Examples and Case Studies

• Rug Avoidance: Examples of avoiding scams by checking coin backgrounds.
• Successful Trades: Discussed specific trades that resulted in significant profits.

Conclusion

• Patience and Vigilance: Emphasized waiting for opportunities and thorough research.
• Spread Knowledge: Encouraged joining communities and using various tools for success in meme coin trading.

• Additional Resources: Links to join Potion and sign up for BullX provided in the description.
• Closing Remarks: Encouragement to bring good energy (orangey) and achieve big profits.