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For the people starting out in meme coins here is a quick guide on what you will need and a generic idea on how to get gems:
Get Phantom Wallet
Get Trojan (“t.me/odysseus_trojanbot?start=r-robocpr“
UniBot is what you will use to swap meme coins at god like speeds ????.
Find a new pairs monitor ( “t.me/NewPairsSolana” )
You are set to go. Just like that. Load some sol into your unibot wallet and you are good to start going crazy.
- How do you spot gems?
First off I would like to start by saying that I rarely purchase new pairs as the space is filled with rugs. Of course, there are exceptions. Only reason I am going to ape into a new pair is because I have insider information or am heavily convinced they will not rug.
Finding hidden gems in general is hard. There are many attributes to look for. I usually ape into coins in the $50k-$500k range. Also, I tend to avoid newer coins as they are very volatile and hard to trade, at-least for me. I look for days-old coins with medium volume that are on a dip. Before buying I make sure to check out their socials. Socials are very important , no socials = no marketing. Additionally some of the questions I ask myself before loading a bag into the coin are the following:
- Would I be okay to hold it, i.e. random dog coin or rapper = no, ms paint nostalgia vibe = yes
- Is it funny or have a strong narrative
- is the community an actual community rather than people spamming buy buy buy
- What's the risk/ reward prop? Has it retraced enough from a local top, is it consolidating on good volume, how far do I think it can go up vs down
- are there any interesting individual in the tg who haven't posted about it yet
- check top holder wallets (do they have a lot of money, what tokens are they holding, is there any similarities between multiple wallets in holdings)
- check for fresh wallets with large % of tokens (sometimes not a problem for w/e reason)
- never fomo buy
- never marry your bags
Few tools that can be useful:
“dexscreener.com”
“rugcheck.xyz”
In this space you are forced to follow the trend, for example the trend right now is retarded art (literally ????). If you really want to have an advantage over other meme coin traders you have to stay up to date with everything and stay connected online. Speaking of connections, meeting individuals and team members can be the most beneficial one can do. Forming friendships with developers can provide you with insider information on new coin drops and that is where the big money is made ????.
A few other things to consider:
- Do not trade while you are busy.
- Buy the fear.
- Watch your bags, do not sleep on them.
- Do not trust anyone. People will try to use you as their exit liquidity. “Use them or be used”.
- Do not overtrade. Focus on your trades and make wise decisions. When in a loss spree you may as well take a break for the day and restart your emotions.
- Do not marry your bags.
- Do not risk more than 5% of your bankroll in a single play.
Lastly, trade responsibly. This is a super volatile space to participate in. Some people make generational wealth others lose it.
Hope this helps,
Robo ????
