18 Tweets 7 reads May 07, 2024
This spring, I turned $5k into $200k twice with memes
As we enter a meme supercycle, master the right strategy...
You could make your first million. Study $WIF, $MEW, or $BODEN
🧵Here’s your Ultimate Guide to Profiting from Shitcoins
As we get started, may I ask for a quick favor?
I've put in hours of research to create this and would appreciate any interaction with the thread.
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Memes are consistently outperforming any other sector this cycle.
You can safely make 2x - 5x on high caps, e.g., $WIF or $PEPE.
But the most interesting part is that you can make 100s of x's on the low-caps.
I believe memecoins will not see major corrections this cycle as they did in previous bulls.
Instead, we'll witness a supercycle.
I've discussed this topic in this thread; I recommend reading it for a deeper understanding⭣
In today's thread, I want to share the personal rules, tools, and skills that have helped me make thousands of dollars on memes.
I'll start with a couple crucial tips and biases before diving into the practical aspects⭣
'Following the trend'
Lately, memes aren't just growing individually, but collectively, as part of a single narrative.
Rn, it's cats. A coin related to this category is much more likely to outperform any other.
Take advantage of it, but don't marry your bags cause the trend will change at some point.
If memes are skyrocketing on Solana, trade on Solana.
If cat memes are skyrocketing, trade cat memes.
Don't get attached to any specific chain or project; we're here to make money.
To make money, you have to follow the trend.
'Get greedy at the trend's start, then safeguard your capital as time goes on'
This rule is key when following trends.
Most fail by doing the opposite: cautious at first, then growing greedy with time.
'Always take profits'
The reality is that 95% of coins will eventually fail.
Take profits on the news, on the way up, at the new ATH, gradually after 2x, 3x, and so on.
You might not sell the whole bag at the top, but this will save you from -99% trades.
'Trust your own judgment'
Don't blindly follow calls or FUD that you see on social media.
Callers could be misleading or simply mistaken.
FUD could be baseless and without merit.
By relying on your own insights, your win rate will drastically increase.
Spotting a meme coin winner is your ticket to massive profits.
Master the art of finding hidden gems early.
Here are strategies to help you do just that:
Identifying gems before their launch
- Follow accounts that share new launches: track their follows, likes, and comments
- Utilize @TweetScout_io and @LunarCrush to analyze project social media activity
- Compile a list of promising projects along with their launch dates
- Follow them on X & TG platforms, closely monitoring their communication and development progress
Building a network
- Join Telegram communities where members shill coins to each other
- Follow meme traders with small and large accs on X
- Compile a list of prominent influencers on X
This way, you'll stay updated on trends, new launches, and the sentiment in the market.
Following the 'Smart Money'
- Open @dexscreener and look for a meme that recently skyrocketed
- Check out the "Top Traders" section and find a whale/insider who made 10-1000x on it
For this thread, I chose a $MICHI trader.
He turned $900 into $91k in just a few days.
The trader still holds $500k worth of $MICHI.
Create your 'Smart Money' list:
- Select 3-10 successful traders using this method.
- Check if they are actively trading other tokens and their win/loss rates.
By following these steps, you can identify promising coins ahead of the crowd.
Use @tradewithPhoton to find the newly launched coins
- Head to "New pairs" section
- Customize filters based on security, volume, liquidity, market cap, number of transactions, and more to suit your needs
Activate "Quick buy" for one-click token purchases.
Snipe at launch after spotting a promising coin
Sniper bots for SOL: @bonkbot_io, @SolTradingBot, @tradewithPhoton.
Sniper bot for EVM chains: @BananaGunBot.
Master the art of memecoin sniping with this detailed guide:
That's all for now.
To stay updated on my latest crypto insights, join my TG channel:
t.me

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