andrew.moh
andrew.moh

@0xAndrewMoh

17 Tweets 4 reads Mar 19, 2024
Stop sending #SOL to random picks.
Trading meme stocks like a pro can be lucrative.
Learn how they made $100k on $BOME and $300k on $SLERF.
Follow this thread for a solid strategy🧵⬇️:
Before we start, don't forget to bookmark the first tweet. ✅
It's a should for later reference!
Memecoin on SOL got huge attention recently.
$BOME was listed on Binance and reached $1b after launching 2 days.
$SLERF blazed a trail as well when it got $500m FDV in just a few hours.
You might feel really hyped and try to find your life-changing ones, right?
Luck isn't the key here.
Sending your SOL to a random token and hoping for life-changing results isn't a sound strategy.
Both $iq50 and $pogai were trending recently.
Significant liquidity, great storyline, and large communities.
➜ Yet investors continue to lose money. Why?
Success hinges on your timing.
▸ You discover the meme-coin early, you win
▸ You come late, you lose.
Memecoin is only for degenerate play and it's crucial to grasp that.
I've found a method to assist you in exploring opportunities sooner.
Thanks to @Foxi_xyz and his brilliant strategy, our chances of winning this game have greatly increased.
Be sure to follow him!
Memes are flourishing on SOL. To get started, the first thing you need is a SOL wallet.
@phantom wallet is widely used and recommended by many savvy degens.
➜ Simply send $SOL to your wallet and start creating!
1. Exploring
You could use @dexscreener and @birdeye_so.
DEXScreener is more popular.
They also offer a Telegram bot for convenient notifications on new listing pairs.
Check out their bots: 👉 docs.dexscreener.com
By following 'New pairs' bots, you will not miss any potential ones.
From this one, you will have a quick stats on:
▸ FDV
▸ Liquidity
However, this is just the initial step. Avoid buying every new one because 90% of them will likely rug shortly.
2. Risk Assessment
When it comes to degenerate plays, it is crucial not to overlook the risk
Come to DEXScreener, and filter the tokens on the following criteria:
▸ FDV: min $100k
▸ Liquidity: min $20k
The criteria may vary depending on your risk tolerance level.
3. Ape-in
After finding out your potential one, just ape in.
▸ Copy the contract
▸ Head to Jupiter/Raydium/Orca (depending on where the pool is created)
▸ Connect your wallet
▸ Make a swap
Make sure to copy-paste the exact CA to avoid scam tokens with similar names.
4. Smart Wallet Tracking
One step I usually do to find a potential one is tracking smart wallets
▸ Find a trending token
▸ Switch to 'Top Traders' tab
▸ Tracking their wallet
Study the trading strategy: timing of buys, position size, profit taking, etc
Keep in mind:
▸ Memes can help you go from $1 to $100k quickly,
▸ but they can also bring you from $100k to $1 just as fast.
Therefore, conducting a risk assessment and controlling your greed are crucial.
➜ Only use capital that you are prepared to lose.
I hope you find my thread interesting.
Please note that everything shared here reflects my personal views and is not financial advice.
For more future insights and valuable threads, feel free to join my Telegram channel: t.me
Special mention to some Big Brainors.
@zeuuss_01
@DamiDefi
@Haylesdefi
@cyrilXBT
@CryptoStreamHub
@belizardd
@splinter0n
@DeRonin_
@0x99Gohan
@alphabatcher
If you are still here, you are a true legend 👏
❯ Follow me @0xAndrewmoh for more valuable content.
❯ Like and comment with your thoughts.
What memes are on your radar? Share them with me!
Cheers! 🍻

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