New Ways To TRADE MEMECOINS And Get Rich

Summary

In this captivating video by Uche Crypt, viewers are introduced to innovative strategies for trading meme coins effectively. Uche kicks off by cautioning against the typical impulsive buying habits that often lead to financial loss. He highlights the importance of diversified investment and explains how splitting one's capital can mitigate risk. He also touches on technical tips, such as using specific filters and online tools to spot valuable meme coins and the right moments to sell. The video concludes with practical advice on managing loss to preserve capital. With actionable insights and expert advice, this video serves as a comprehensive guide for anyone looking to navigate the tumultuous waters of meme coin trading.

Highlights

• Don't buy random meme coins based on social media hype—it’s risky! 🎭
• Split your trading capital to minimize potential losses. 🔢
• Utilize deskrer.com and set filters to find promising meme coins! 🔍
• Take out initial investments once your coin doubles in value. 💯
• New coins can be volatile; opting for older, stable coins is safer. 🌊
• Check holder percentages to avoid losses from major sell-offs. 📉

Key Takeaways

• Avoid impulsive buying of meme coins to prevent financial loss! 🚫
• Diversify your investment: split your capital to mitigate risk. 💰
• Utilize filters and tools like deskrer.com for better trading decisions! 🔍
• Always maintain a ‘moon bag’ to capitalize on unpredictable gains. 🌒
• Set stop losses to protect your investment capital. ❌
• Research thoroughly before making any meme coin trade decisions! 📚

Overview

Entering the world of meme coins can be both exhilarating and daunting, but with the right strategies, you stand a better chance of striking gold. In his video, Uche Crypt warns against the common pitfalls of trading meme coins, highlighting how impulsive purchases often result in financial disappointment. He steers viewers toward more thoughtful, calculated decisions by explaining the significance of diversification and caution when investing.

Uche shares various filters and tools available on platforms like deskrer.com, which provide critical insights when selecting the right meme coin to trade. By being informed about factors such as market cap, pair age, and 24-hour trading volume, traders can make smarter decisions and avoid falling for the hype that surrounds certain coins. He also stresses the importance of withdrawing initial investments after substantial coin appreciation, keeping trader’s capital safe in volatile markets.

The video rounds off with essential advice on loss management. Uche recommends setting stop losses to cut your failures and protect your investment. He insists that researching market movements and keeping an eye on new developments in the cryptocurrency world will help in safeguarding and growing your investment. Lastly, he urges viewers to stay informed and remain cautious, as meme coin trading can be both unforgiving and rewarding.

Chapters

• 00:00 - 00:30: Introduction and Common Mistakes in Memecoin Trading The chapter discusses ineffective and risky strategies commonly employed in trading meme coins, leading to financial losses. Emphasizes the need for careful research and critical thinking rather than relying on social media or random picks. Suggests leveraging filters and specific websites for better decision-making. Offers guidance on calculating appropriate investment amounts in meme coins.
• 00:30 - 01:00: Capital Allocation and Risk Management The chapter emphasizes the importance of capital allocation and risk management when investing. It highlights the potential risks of investing all your money in a single high-risk asset, such as a memecoin, which could result in a total loss if the asset crashes. Instead, the chapter advises on dividing your investment into smaller portions to mitigate risks. It suggests that while some people might divide their funds into numerous parts to maximize potential earnings, it may not be the most effective strategy for everyone. The focus is on finding a balanced approach that allows for both potential growth and risk management.
• 01:30 - 03:00: When to Take Profits and Preserve Capital The chapter discusses strategies for taking profits and preserving capital in trading. It provides advice on money management based on the trader's experience level. For skilled traders, it recommends dividing their capital into ten parts, investing $100 per trade if they have $1,000. For less experienced traders or those unfamiliar with meme coins, it suggests splitting their capital into twenty parts, with $50 per trade. This approach minimizes risk, as they would need to lose 20 trades consecutively to lose their entire $1,000. The chapter also advises against continuing such trading if consistent losses occur.
• 03:00 - 04:30: Overview of Coin Selection Criteria The chapter discusses strategies for selecting coins to trade, particularly focusing on meme coins. It highlights the importance of understanding these coins and having a risk management strategy. The example given involves risking $100 per trade, and emphasizes taking profits by pulling out the initial capital after the coin appreciates by 100%, leaving the trader with a risk-free position. This approach is recommended to ensure traders do not lose all their money and can maximize potential gains.
• 04:30 - 08:00: Using Deskcreener for Coin Analysis The chapter focuses on the importance of preserving capital in coin analysis and trading. It emphasizes being cautious with investments, especially in high-risk trades. The narrative advises that ensuring the security of your capital is crucial because losing it would mean you can't trade anymore. For coins with small market caps, there might be opportunities to aim for larger gains, but it's paramount to avoid investing when the coin is at its peak.
• 08:00 - 10:00: Market Cap Considerations The chapter titled 'Market Cap Considerations' discusses the strategic approach investors should take when dealing with new and emerging coins in the market. It emphasizes the importance of understanding the market cap of the coin and not merely following the crowd, which often chases unrealistic returns like 50x or 100x without proper analysis. The speaker advises careful monitoring and setting personal targets like a 100% or 200% increase in trades, suggesting that different strategies work for different people. The key takeaway is to have a thoughtful plan, assess risks, and give adequate time for investments to mature rather than jumping on a trend without due diligence.
• 10:00 - 13:00: Evaluating Coin Age and Volatility The speaker discusses trading strategies, emphasizing capital management and profit-taking. They advise taking a portion of profits when a trade reaches 100% gain, while still holding a portion of the investment for potential further gains, a strategy they refer to as 'moonbagging'. 'Moonbag' refers to retaining a small amount of a successful trade as it continues to ascend, to maximize potential profits.
• 13:00 - 16:00: Additional Factors: Volume and Liquidity This chapter discusses strategies to avoid losing profits during investment, particularly in cryptocurrencies. It emphasizes the importance of selling at the right time to prevent holdings from losing value completely. The speaker introduces a tool called 'desker' (available at deskrer.com) that provides filtering options for trading, highlighting features like filtering specific coins such as Solana meme coins on various platforms.
• 16:00 - 20:00: Analyzing New Coins and Case Study The chapter discusses the process of analyzing new coins using a case study approach, focusing on Solana and decentralized exchanges (DEXs) such as Radium and Pom Swap. The discussion highlights the migration process of coins, specifically how coins created on Pom Fun migrate to Palm Swap and potentially to Rhythm. The importance of selecting the right platforms for trading new coins is emphasized, with Pom Swap being identified as a significant player in the migration process.
• 20:00 - 24:00: Social Media and Reputation Checks The chapter discusses the importance of checking liquidity and market capitalization when dealing with cryptocurrencies. The market cap is critical as it indicates the amount of investment required to purchase the coin. The example given explains that buying a coin with a market cap of $500 million with $10 will not yield significant profit even if the market cap doubles. Thus, it's important to make strategic decisions based on market cap and liquidity to ensure meaningful financial gains in cryptocurrency investments.
• 24:00 - 30:00: Avoiding Common Pitfalls and Exit Strategy This chapter discusses strategies for investing in coins with smaller and larger market caps, emphasizing the importance of not risking all of one's capital. The transcript suggests that if you believe a coin's value will increase, you should only risk a small amount of your capital and target coins with smaller market caps if you don't have a lot of money. On the other hand, coins with larger market caps can be used to compound returns potentially ranging from 100% to 200%. The key takeaway is to manage risk carefully and consider market caps when investing.
• 30:00 - 35:00: Using Tools for Enhanced Decision Making This chapter discusses strategies for making enhanced decision-making in investment. It emphasizes the importance of diversifying investments rather than putting all money into one asset, such as a particular cryptocurrency. The example used involves starting with $100, investing in coins with a $10 million market cap, and potentially doubling profits. It suggests continuing this strategy to accumulate more funds. Once a certain amount is accumulated, it recommends cautiously investing a small portion in riskier cryptocurrencies. The chapter also acknowledges that some investors prefer gambling with their funds, implying that decision-making varies based on individual risk tolerance.
• 35:00 - 37:00: Summary and Advanced Strategies The chapter provides advanced strategies for investing in small market cap coins, specifically those with a market cap between 200k and 500k. It emphasizes understanding the market and specific coins thoroughly before investing. The narrative suggests strategies to identify coins under 200k market cap when there are reasons to believe they have stability or growth potential despite their smaller size.
• 37:00 - 38:00: Conclusion and Additional Resources The chapter titled 'Conclusion and Additional Resources' discusses the unpredictability and risks associated with investing in cryptocurrency. It highlights the importance of considering the age of the coins when investing – newer coins tend to be more volatile, while older coins may offer more stability. The speaker advises that for long-term investments, it's often better to choose older coins. Additionally, the importance of setting investment parameters, such as the duration for holding investments, is emphasized. This chapter likely concludes the discussion by emphasizing strategic considerations for cryptocurrency investment and might provide additional resources for further learning.

New Ways To TRADE MEMECOINS And Get Rich Transcription

• 00:00 - 00:30 You can't keep trading meme coins the same way and expect to make money from it. Now, some of you go to death screener and look for a random coin and buy. Some of you go to Twitter and look for your favorite crypto influencer talking about the particular meme coin and you go ahead and buy immediately. Now, these are the fastest ways to lose all your money on meme coins. Imagine if there are filters and some websites you can actually use to spot some of these meme coins by yourself easily. Now, let me start this video with how you can calculate the best amount you can use to buy some of these meme coins. And after that, I'll show you the filters and the
• 00:30 - 01:00 website. So, let's say you have um $1,000, right? Now, what some of you do is you go in and buy a particular memecoin with all this $1,000. And if that memecoin actually crash, it simply means you've lost all your money on this meme coin. Now, you want to avoid trading like this. Best thing you're going to do is to actually split your capital. So, some person split it into like um 100 places, but that's actually like so much. You would actually make a lot of money with that. and um and all of that. But what I would recommend is
• 01:00 - 01:30 if you're a very good trader, split your money into 10 times, which simply means for $1,000 for each trade you're going to enter, you're buying with $100. Now, if you're not a very good trader, you're not familiar with meme coins, I would encourage you to split your money into 20 times. Now, that is $50 for each particular trade. And that would not be a lot if you lose one trade or two trades. So, you simply mean you have to lose 20 trades in a row before you lose out all your entire $1,000. And I wouldn't even encourage you to keep trading like that if you're not a very
• 01:30 - 02:00 good trader. It's best you check out some of my previous videos or even learn more about meme coins before you get into it so you don't lose all of those money. Let's say you're a very good trader and then you're risking $100 per trade. Now, when this coin goes up by 100%. What you want to do is you want to take out your capital depending you want to take out 50% which is going to give you back your $100. Right now you still have an extra $100 left there. You want to target to make much more. So the reason why you're taking out the first 50% once
• 02:00 - 02:30 you get to 100% price movement is just in case this trade goes against you, you don't lose your capital. Your capital is intact. Remember that you keeping your capital is the most important thing in this space because if you lose all your capital that is game over. You cannot actually trade again. So you want to preserve this capital as much as possible. But let's say it's a coin you trust so much and then the market cap is still small. You could actually target a lot more numbers. But just be very careful when you're doing that. Make sure you're not the coin is not at the top or something or let's make sure the
• 02:30 - 03:00 coin is still very fresh and um there's still a lot of room for this coin to run. And you you should actually know this um before you actually do it. Don't just join other persons because you're seeing that people are doing 50x or 100x for a particular coin. You want to do it with them. You can you would also do it but you have to give yourself time to do that. So you want to take out few of your capital just in case you've got to 100% or like a 200% depending on what actually works for you. Um some trades I do 100% some trades I do 200%. Some
• 03:00 - 03:30 trades I even go to like 500% depending on my conviction on that particular trade. But if you're new, I'll say once you see 100%, take out 50% of your capital and just like that. So if the trade goes higher again, you take out some money. If it goes high again, you can but make sure you always leave Mumbag. Now what is moonag? Mumbag is simply a tiny percentage of what is left from after you sold a lot of your portfolio. Leave that particular one that is on a winning trade, not on a losing trade. So let's say you made a lot of profit from that particular trade. you're going to leave some moon back just in case the coin keeps going
• 03:30 - 04:00 up and then you don't miss out on some of the profit you'd have made if this coin kept going up. But you know at some point you're still going to sell off everything. You don't want your moon back to be worth zero at the end of the day. So you just want to check out some of these things very well. Now since you understand this, let's go over to my PC and let me show you some things on desker. The website is deskrer.com and it actually do some filters from here. um click on filter and let's say you want to trade Solana meme coins specifically just click on all platforms
• 04:00 - 04:30 and select Solana right and save this so um dexes sometimes I want to select dexes I don't want to exceed radium and pom swap now this is the dex for pom fun if you want pom pom token you can also buy you can also do this but pom swap is actually the ones that have migrated although people can still list normal coins on pom swap but if your coin is created on pom fun it has gotten So it has migrated. It will get migrated to palm swap before it gets migrated to rhythm but now it's on palm swap. So you want to select this two. If you still
• 04:30 - 05:00 want palm for select that but let's just save this. Now um liquidity you want to um check out some of the things. Now market cap. Now this is a very important place and the reason is the market cap determines the amount of money you're going to buy the coin with. Um I I see sometimes people buy a coin with at $500 million market cap. You're buying with $10. Like even if that coin goes to $1 billion, which is 100%, right? You only made 100% of your money, which is $10, that's not like um life-changing money.
• 05:00 - 05:30 For coins like that, you want to risk small depending on your taxes for the if you think it's going to go high, you want to risk small. Um but make sure you're not risking all your capital. Now, the ones you want to buy with um small money is the ones with smaller market cap. So the market cap determines let's say you don't have a lot of money to buy this meme coin. You want to target coins with smaller market cap or you want to compound. There are different strategies to this. Sometimes you want to compound your money with these coins with bigger market cap. Let's say you're able to do 100 to 200%
• 05:30 - 06:00 from them and then let's say you have $100 for instance. If you buy a coin at $10 million market cap and then you do um 100 200% from it, you've made like $300, right? Um you continue that. I'm not saying you should go and put all your money in a particular coin. But let's say after you splitted your money, you have $100. So you do that like multiple times, you've been able to gather up to like $500. Now you can start taking um a little portion of it to start gambling on smaller risky coins. But some are gamblers, so they can actually gamble any amount of money
• 06:00 - 06:30 into smaller coins. It depends on who you are. But one thing I want to tell you is make sure you understand some of these things very well before you actually venture into it. Um so let's say we're looking for coins between um 200k market cap. We want to look for small coins to max no more than 500k market cap. So sometimes you want to take out this thing right here. So it gives you even less than 200k. But let's say you have there's a particular reason why you think the 200k market cap coin will not go um down easily like that.
• 06:30 - 07:00 Although nothing is guaranteed in this space. So let me just take this out. So another thing is the pair age. So per age is very important. Sometimes you want to buy newly created coins because they are very very volatile. Right now there are older coins that are not really volatile. But just in case you want to invest in these coins and you're investing a lot of money and you think you want to hold them over the next few days or few weeks, I think like it's best you look out for older coins, not the new coins, right? So for this you can set how many hours you want. If
• 07:00 - 07:30 you're buying older coins, you want to target coins with uh let's say 240 hours is about 10 days. So if you're doing 100 days, that's going to be 2,400 hours, right? And if you want to keep a max, you can actually keep a max if you want. So this is for coins that have been existing that was created minimum of 100 days ago. So that would give you older coins that just in case you want older coins. But if you want new coins, you can take out this filter right here and even set the max that the coin should not be more than 24 hours depending. So you're only focusing on newly created
• 07:30 - 08:00 coins. All right. Other things you want to look at is the 24 hours transaction and some of these parameters over here. If you think you are interested in the volume, so let's go to 24 hours volume. You don't want the volume that's less than let's say um $100,000 or let's say yeah $100,000 minimum volume of $100,000. So we are doing newly created coins and it shouldn't be more than 24 hours. But I'm al also going to show you the next one. So let's click on
• 08:00 - 08:30 apply. And you can see some coins right here. Manga. I saw this coin the morning and I saw it quite early. I didn't buy it but run to 400 450 K. Wow. Now it's down completely. Okay. I'm still going to talk much more about this. Um but let's look out for coins. Now you can see the pair age. You can see the age the age for this is 5 hours ago. This is 5 hours ago. 386. Just like that. So if you want to filter it, you can click on the age and then it gives you from the
• 08:30 - 09:00 highest age to the lowest age. If you want the eariest age that you can click on it again, it's going to give you from um the eariest age to the oldest. So this is 8 minutes ago. This is 27 minutes. So you want to check out let's say you want a quick um profit from any any of these coins. You want to um look out for um number one, what's the market cap? When I see Pepe, I don't want to buy Pepe because I know there's Pepe already existing. So, why should I buy Pepe again? So, I'm just going to leave out that. You want to focus on coins
• 09:00 - 09:30 that are new and like a completely different narrative, not um an existing coin that they just use the same name to um try to um create the coin for it. It won't actually fly. That's actually the wrong way to do it. All right. So, um I'm looking at this one. HD, which is hood um research department. Okay. 29 minutes ago. volume is 186K. Um, okay. And then you can see it has um market cap is 96K market cap. So I'm just going to open up this in a new
• 09:30 - 10:00 page. Okay. So uh I want to look at the chart. So I'm just going to put this on 1 minute. Since this is a new coin, it's just 30 minutes. I put it on 1 minute time frame to look at the chart properly. So you can see once the coin got created um the coin came from pumpf fun and then migrated to pump swap that's why you're seeing it like this. So the moment it got created it ran up to like 88k and then dumped to barely $13,000 market cap and since then it has been up 10x already in just how many
• 10:00 - 10:30 minutes. Okay. So let's say um we've seen this coin now we want to search they have a Twitter page right there. They have a Twitter account right there. So you click on it and let's look at it. So this is blue. But I don't know what that is. So I probably guess this is some guys like that that create content. Breathe air, they breathe water. Okay. So these are like two guys. Um they're probably content creators. So they used their name um to run this coin. But while they having a different food research department, okay, so he's even
• 10:30 - 11:00 up 150k. I'm not in a hurry to buy. I want to do my re. Sometimes they tell you um buy first before you do your research depending on what works for you. All right. So, um, their Twitter page, um, is just a a search on what these guys have been posting. Although this look guys looks like they're famous, even though I've not seen them before, but I know this guy's face. I've seen him a couple of times, right? So, he's still going up. Oh, it went up to 220K. Wow. Okay. So, I want to search on
• 11:00 - 11:30 Twitter. So, I'm going to click on it. And you can click on search for HOD. This first one here. And let's look at um wood research department. This kangas and zambu are viral. Um so I I want to find out if these guys are the ones that created it because they did not post it themselves. So how do we know if they are the ones that created it? I'm just looking at this. Can't find anything regarding that. I can't also find their tweets. Maybe you have to scroll down a
• 11:30 - 12:00 lot. for uh I can't actually find anything um about that. So someone even posted danger never buy rop pool coins I use unnecessary tools so it's I'm using a pass. So for this I I also use there's a tool I use which is called auto snipe. There are still many other tools I use on telegram. But what you can do is you can copy this contract address and you
• 12:00 - 12:30 once you paste it over here on auto snipe. Now if you looking for auto snipe I'm going to leave the link to sign up for it in the description. All right. So I'm just going to open this up. So this is a coin. I'm going to open it up. And if a coin is very risky what auto snipe does is they tell you that this coin is risky. But um they didn't tell us anything regarding that on here. Um but it still doesn't make it a green flag actually. So first of these guys have not been able to come out to see that
• 12:30 - 13:00 they the ones that created the coin, right? And then um it's just a name. Maybe they mentioned this name or something and that's why they created a name with so you know that this is going to be shortlived. Um if you're able to jump in early that's good for you. But you know, if if the coin is riding so high like that, you don't want to jump in and then um at the because this is this is the top. It's actually at the top. You don't want to jump in at this top right here. You want to wait. That is if you believe it's going to still run. You want to wait for some retracement before you go in. But if
• 13:00 - 13:30 you're able to catch it the first time, then that's fine for you. But if you're not, I would not tell you to buy here. I would tell you to wait more for some retracement. But while you're doing that, you also check the holders count by clicking on this link. and you come to the hold out and you want to see this guy is holding 3% 3% 2.9 2.5 2 so imagine if this guy start selling you want to even go further you can copy their contract their wallet address go to the coin click um I'm going to take this up a little bit now click on maker
• 13:30 - 14:00 and paste this right here click on apply this guy probably bought the coin on pump and he has not sold yet any okay I'm going to copy this next one and click on make again I'm going to paste and click on apply. So, this guy bought with a total of $1,200. $1,100 and he's up 5x already and he has not sold yet. Now, some of these guys are going to sell like he's a dev or something. So, you can repeat this step over here and check out um
• 14:00 - 14:30 when they bought and if they've sold or something. So, this guy also bought 27 minutes ago and he's up $6,000. He bought with $500. He's up $6,000 now. these guys are still going to sell. That's why I told you you shouldn't buy. You shouldn't be buying at the top. You want to wait for some retracement before you actually buy. Sometimes I use um Fibonacci retracement. I'm going to take out this volume first or I'm just going to leave this. Okay, let me just hide this volume. I'm going to bring it back anyways, but I want to use Fibonacci retracement. And if I think this is the
• 14:30 - 15:00 high, I can drag this from the lows to the highs depending. And then my target usually is um this region here which is the 0.6 region and the 0.7 region. Most most times 0.7 region. I expect that okay if it retraces down there this might be a better place to buy this coin. Now why am I saying this might be a better place to buy this coin. It's not like I like this coin. I don't like the holders count. People are holding a lot of the supply and when they dump this coin it's actually going to crash a
• 15:00 - 15:30 lot. So but why do I do I choose 0.5 to 0.6 region? I'm going to show you something with this ruler. So, if you're buying, imagine if you're buying this coin right here and let's say this coin crash, before it gets to this 0.6 region, you've already lost 55% of your money. That's how crazy it is. Now, if you're buying at 0.6 or 0.7, I like to buy at 0.7. That's my person. But sometimes some coins just to rebound, they bounce back from 0.6, but let's do you're buying here. Before this coin gets here, you you've actually lost 8%.
• 15:30 - 16:00 But imagine someone that bought at this very top. At this very top, dragging it down here, you've lost over 71% already. And it's not even the bottom. So, you want to be very careful not buying a coin that is at the all-time high. That is one way to lose a lot of money um if you're trading meme coins. Although sometimes it still work depending on if it's a viral thing. So there's a coin called Remuse and this coin actually did well and I think El tweeted about it but
• 16:00 - 16:30 you can see it has pumped and then it has actually dumped a lot. Well, let's say it was a very cool narrative. You think it's going to do well. You can gamble some money but me I personally like to wait for some some of these coins to retrace because meme coins are meme coins. These guys want to sell when they on any profit at all. So, I want to wait for some of them to sell before I enter so that they don't I don't enter at the top and then I end up losing money. But if you think it's a cool narrative that would actually run, you can um buy with small amount of money.
• 16:30 - 17:00 So, let's say you had $100 to buy, but you want to put in like $10, $20 or $30, then you can actually risk one and then if there are rooms for the coin to come down, then you target some regions to buy. If you look at this right here, if I put out Fibonacci retracement, watch what you're going to see. You can see that this coin actually came out to the 0.7 region which I've talked about a lot on this channel. So that's why I like to focus here. But it doesn't mean you should just go ahead and buy this coin. Although it has a very cool narrative and it could actually still run from here. Who knows? It could it could still
• 17:00 - 17:30 die from here. It all depends. It all depends. So you but you know you're taking a little risk when you're buying from this region right here down when you're buying at the top here. Imagine how much you'd have lost at this bottom. Now another thing you want to consider is setting stop loss. Stop loss is very very important. A lot of persons will tell you um don't set stop loss when you're trading me coins or don't do this, don't do that. And for me um yeah there are sometimes it has worked on me where a coin is down like minus 90% and then the coin came back again I made money but it doesn't happen all of the
• 17:30 - 18:00 times. Most of the times it doesn't happen. So you want to avoid things like that by cutting a loss. I I have a friend of mine that got his loss at every 20% or like 30% has caught his loss. For me, 50% loss is okay. I cut my loss at that point or 60%. Especially when um I'm buying at a very good region. If I'm down 60%, I just cut my loss. 50% I cut my loss depending. You don't want to lose all that money because there's a psychology with that. Now, when you lose 50% when you lose all your money in the first trade, you enter
• 18:00 - 18:30 the next one, you lose all your money again, that is if you're not very good with it. Even when you're good with it, you can take two losses in a row. It's possible except you're the one you're part of the insiders of the coin. That's when you make money. Right now, when you take two losses in a in a row, what that simply does is it impacts your psychology, you start thinking that my next trade I could lose. I could lose. And then you enter the trade. Let's say the coin is just up like 10% 20%. You see yourself shaking. You're already taking profit instantly. And imagine if that if it was that coin that was going to help you recover all the losses
• 18:30 - 19:00 you've made, but because of the psychology of loss you've actually had, you've ended up um selling a coin that would have given you all of the money you've lost and even more profit. So that is why you don't want to cut your losses um when trading some of these meme coins on our other platforms I use is K scan. Um so what I do when I come here I click on leaderboard and I want to see all of these guys. Now what I want to do is copy their wallet address. I'm not I'm not buying what they're buying but I'm just I'm going to copy their wallet address. I also let me show you this
• 19:00 - 19:30 simple strategy. I go to um let's auto for instance. You can also use photon board to do this particular one. Let me show you on Photon. Um so you go to um tracker, select wallet tracker. So what you want to do here is so you click on add, you add the name of the person. So below, let's just type any name and then let's so you paste the wallet address here and you type the person's name. Let's say you know the person's name, you save it. Now you have one wallet. You can do use this to get multiple
• 19:30 - 20:00 wallets. All right. Now you're not going to copy trade them. That is the mistake a lot of persons make. So you do this to have a lot of wallets. Now what you're basically doing is to look out for when they actually buy coins. Those coins will actually pop up on this place, right? And then you will see you the thing you want to do is you want to solidify some of um the things you're buying. So let's say you saw this coin and you think this coin could be run after you've checked um the holders count, check the Twitter. This one the Twitter is not right yet, but like
• 20:00 - 20:30 everything is actually does click very well for you. Now, you want to check to see if you have when you have multiple wallet, you want to check to see if any of them actually bought any of those coins, right? If they bought the coin, then it gives you that because these guys are um they this guy has he made like $62,000 in the past 24 hours. Although people are copying him a lot, so it's easy for him to make money. But, uh if you click on monthly, uh you can see some guys are making a lot more
• 20:30 - 21:00 money. But this guy is still here. has made about $383,000 in the past uh 1 month. So once you have a lot of this wallet, you want to solidify what you've picked out, the coin you've picked to see if they bought any of it. So if they have any of it, it tells you that okay, this might be a very big run and this might be the coin I would draw. Although sometimes it will fail you, but a lot of times it will actually work out well for you. So you don't want to just blindly go and copy trade this particular wallet thinking you're going to make money. No, these guys, some of them are farmers. they will just farm you and they just buy and sell a coin and then you your
• 21:00 - 21:30 wallet automatically buy and then you sell on loss. They just do that repeatedly. So you want to solidify this by seeing that a lot of these wallets you're copying actually buying a similar thing. So if a few of them are buying the same thing just okay this might actually be a runner and that would help your testes to actually buy more. But you see even with making the right decisions and all of that you can see that this coin is still going up. It doesn't mean this coin is not going to fall. That's the problem you make is you start blaming yourself that oh I've missed out on this I would have bought it like that and then you end up buying
• 21:30 - 22:00 the top. No, you have to be very patient and be calm when you're trading me coins because by the time you lose money your mind will calm down by itself. So you don't want it to happen like that to you. So you want to wait um for things to play out very well before you actually buy. So these are like um few websites I actually use and some of the tools and the ways I actually look at these meme coins. But there are a lot a lot more ways you can actually use to trade these meme coins and I talked about that in my cryptocurrency and defy master triers. If you want to check out that I'm going to leave the link in the description. The website is uch
• 22:00 - 22:30 crypts.com. I'm going to leave the website in the description and you want to sign up on sofon and snap. I'm also going to leave the link in description. Do want to check out all of the links and sign up with them. And guys, we've come to the end of this video. And if you enjoyed this content, make sure to like this video right now. Subscribe to this channel because I have a lot more content that will be coming like this. and I will see you in my next video.