TubeSum

Memecoin Trading Course: Setup to Strategy — Step-by-Step Guide & Transcript

Full Crypto & Memecoin Trading Course in 2026 (100% Free)

0h 30m video Published Apr 12, 2025 Transcribed Aug 21, 2026 Alex Choi Crypto Alex Choi Crypto
Intermediate 15 min read For: Aspiring crypto traders with some basic knowledge of wallets and exchanges, looking to learn memecoin trading strategies.
AI Trust Score 55/100
⚠️ Average / Some Fluff

"Delivers a solid, free course with real strategies, but the '100% FREE' claim is undercut by heavy promotion of a paid community."

AI Summary

This video presents a comprehensive, free course on memecoin trading, covering everything from setting up the necessary tools and wallets to advanced strategies for valuing coins, managing risk, and executing profitable trades. The creator, a self-proclaimed young millionaire, shares his personal system for finding and trading high-potential meme coins, emphasizing the importance of research, community, and disciplined risk management.

[00:02]
Introduction and Promise

The creator promises to show viewers how to make their first $100K trading crypto meme coins, claiming to share the exact setup, filters, live strategies, and principles he uses.

[00:56]
Essential Trading Setup

Recommends trading on a PC or laptop for better screen real estate and functionality, and suggests using multiple monitors for speed and visibility, which are critical in memecoin trading.

[01:34]
Key Platforms for Research and Community

Identifies Twitter/X as the most important platform for crypto research, and Telegram/Discord as the main communication platforms for memecoin communities.

[02:12]
Setting Up a Solana Wallet

Explains how to set up a Phantom wallet, a digital cold wallet compatible with the Solana blockchain, emphasizing the importance of saving the seed phrase offline.

[03:21]
Using Axiom for Trading

Introduces Axiom as the best tool for trading meme coins, citing its fast fills, features, and low gas fees. Provides setup instructions, including connecting the Phantom wallet and adjusting filters.

[04:14]
Configuring Axiom Filters

Details the specific filters to set in Axiom, including selecting 'Pump Fund' for new pairs, setting a minimum market cap of $13,000, and adjusting slippage to 30% for efficient fills.

[06:44]
The Importance of Community

Warns against free Telegram groups that often launch their own coins and sell on their community. Recommends joining a paid, reputable community like his 'Fortune' group for better alpha and networking.

[08:30]
Valuing Meme Coins: The Narrative

Stresses that the most important metric for valuing a coin is its 'story' or narrative. Asks questions about the coin's story, its value, and future catalysts that could drive attention and price.

[11:29]
Understanding the Meta and Alpha/Beta Plays

Explains the concept of a 'meta' (current market trend) and how a coin's narrative should fit into it. Differentiates between 'alpha plays' (high market cap leaders) and 'beta plays' (smaller copycats).

[14:10]
Researching the Narrative

Provides a framework for researching a coin's narrative by checking its Twitter, website, and Telegram. Look for the type of coin, who is supporting it, and the core trend or news it covers.

[15:09]
Evaluating the Community

Emphasizes the importance of a strong, active community ('a cult') for a coin's success. Look for consistent updates, high interaction, and influential followers on crypto Twitter.

[16:22]
Analyzing Price Action and Volume

Highlights that price action and volume are the starting points for research. A coin with high volume and a rapidly changing market cap is a signal to do deeper research.

[17:43]
Assessing Coin Legitimacy

Explains how to use Axiom to check a coin's legitimacy, including the percentage of supply held by top holders, whether the dev sold, the presence of snipers, and insider supply.

[19:59]
Risk Management Fundamentals

Presents the core rules of risk management: never invest money you can't afford to lose, and never invest money you're not willing to lose. This helps avoid capitulation during drawdowns.

[22:45]
Thesis, Plan, and Liquidity

Advises always having a thesis and a plan before entering a trade, and never putting too much liquidity into one play. This prevents emotional selling and allows for averaging down.

[23:53]
Profit-Taking Strategy

Describes a strategy of moving profits out of the main trading wallet into a separate 'treasury' wallet to physically limit risk and lock in gains.

[25:27]
Exit Strategy: Averaging Out

Recommends never selling a position in one clip. Instead, sell in 10-25% clips when up enough money or when a bull catalyst is triggered, securing initial capital and some profits while retaining upside.

[28:21]
The Power of Journaling

Stresses the importance of journaling after every trade. Ask four questions: What was the narrative? Why did I buy where I did? Why did I hold for how long? Why did I sell where I did?

The video concludes that successful memecoin trading is not about winning one trade but about consistent strategy, risk management, and continuous learning. The real money comes from compounding experience and building a strong network.

Mentioned in this Video

Tutorial Checklist

1 00:56 Set up your trading environment: Use a PC or laptop with multiple monitors for better speed and visibility.
2 01:34 Create a crypto-ready Twitter/X account and follow influential crypto accounts to populate your feed with relevant content.
3 01:46 Create a Telegram or Discord account for community communication and alpha.
4 02:12 Set up a Phantom wallet by visiting phantom.com, adding the Chrome extension, and saving your seed phrase offline.
5 03:08 Purchase Solana (SOL) on an exchange like Coinbase and send it to your Phantom wallet address.
6 03:21 Sign up for Axiom and connect your Phantom wallet to it.
7 04:14 In Axiom, go to 'New Pairs', select 'Pump Fund', and set the minimum market cap to $13,000.
8 04:54 Change your buy and sell presets to 'Efficient Fills'. Set slippage to 30% for buys and 40% for sells. Set priority and bribery fee to 0.03 each.
9 05:37 Enable MEV protection to avoid being front-run and sandwiched by bots.
10 06:19 Deposit SOL into your Axiom wallet by copying the Axiom wallet address and sending SOL from Phantom.
11 08:30 Research a coin's narrative: Ask what the story is, why it's valuable, and what future catalysts exist.
12 14:10 Research the narrative by checking the coin's Twitter, website, and Telegram. Look for the type of coin, supporters, and core trend.
13 15:09 Evaluate the community's strength by checking activity, interaction, and influential followers on Twitter.
14 17:43 Assess legitimacy using Axiom: Check top holder supply, dev sold status, snipers, and insider supply.
15 19:59 Apply risk management: Only invest money you can afford and are willing to lose. Always have a thesis and plan.
16 23:53 Move profits from your trading wallet to a separate treasury wallet to lock in gains and limit risk.
17 25:27 Exit trades by selling in 10-25% clips when up enough or when a bull catalyst triggers, rather than selling all at once.
18 28:21 Journal after every trade, answering four questions: narrative, buy reason, hold duration, and sell reason.

Study Flashcards (10)

What is the recommended minimum market cap filter for new meme coins on Axiom?

easy Click to reveal answer

$13,000

04:28

What slippage percentage is recommended for buying meme coins on Axiom?

easy Click to reveal answer

30%

05:08

What is the recommended slippage percentage for selling meme coins on Axiom?

easy Click to reveal answer

40%

05:37

What is the purpose of enabling MEV protection on Axiom?

medium Click to reveal answer

To avoid being front-run and sandwiched by bots.

05:37

What are the two types of capitulation in crypto trading?

medium Click to reveal answer

Price-based capitulation and time-based capitulation.

22:04

What are the two core rules of risk management mentioned in the video?

medium Click to reveal answer

Never invest money you can't afford to lose, and never invest money you're not willing to lose.

21:08

What is the recommended percentage range for selling a position in clips?

easy Click to reveal answer

10-25% clips.

26:34

What are the four questions to ask yourself when journaling a trade?

medium Click to reveal answer

1. What was the narrative? 2. Why did I buy where I did? 3. Why did I hold for how long I did? 4. Why did I sell where I did?

28:47

What does the 'DS' symbol on Axiom indicate?

medium Click to reveal answer

The dev sold.

18:09

What is the 'bundle' on Axiom?

hard Click to reveal answer

The percent supply that the developer is putting into hidden side wallets.

19:18

💡 Key Takeaways

⚖️

Narrative is the Most Important Metric

This is the core principle for valuing meme coins, shifting focus from technicals to story and attention.

08:30
💡

Understanding the Meta and Alpha/Beta Plays

Provides a framework for categorizing coins and understanding market dynamics, which is crucial for timing entries.

11:29
📊

Risk Management Statistics

Cites that 70-75% of traders lose money in their first year, highlighting the importance of risk management.

19:59
🔧

Profit-Taking Strategy

A practical, actionable technique for locking in gains and limiting risk by moving profits to a separate wallet.

23:53
🔧

The Power of Journaling

Emphasizes a disciplined, reflective practice that is often overlooked but critical for long-term improvement.

28:21

[00:02] last year trading crypto meme coins. But if I lost it all today, in this video, I'm going to show you exactly how I do it all over again to make my first 100K, you clicked on this video for a reason. You've seen people making life-changing

[00:17] money, 100x, 500x returns in days, sometimes hours, while you're continuously losing trades, not knowing what to do. My goal with this free other gurus out there who are forcing you to pay. I'm 19, handsome, a

[00:31] millionaire, and I left Cornell to do this full-time, and I'm 66. Okay, maybe not that last part, but I am about to break it all down for you from the exact setup, filters, live strategies, and principles I use myself till this day.

[00:43] locked in because I'm about to reveal some priceless knowledge. Let's get into it. So, before you even think about trades, what is the right setup? What tools should you be using? What apps? Where do you need to stay active? So, in

[00:56] everything my friends and I use to make millions from our PCs. So, first things first, I highly recommend you trade on a PC or a laptop instead of your phone. Trading on a PC or a laptop offers you a larger screen, better functionality, you

[01:09] can move between tabs a lot more easily, and the tools you need to trade with are meme coins, a split second can be the difference between making hundreds of thousands or remaining sidelined. Speed and visibility are essential. If you're

[01:22] trading on a PC, get more monitors. It's going to make your life a lot easier. I promise. For reference, here's my setup. The next thing you need is a Twitter or X account. Crypto Twitter is the most important platform for research. And if

[01:34] you'll see that all of them involve doing research on Twitter before buying in. Now, if you want to get your Twitter account crypto ready, follow as many I'm about to show you. You essentially want to change your for you page from

[01:46] showing you into crypto news, cryptoreated content. Next, what you're going to need is a Telegram or Discord account. Community is one of the most and Discord are going to be your main communication platforms for memecoins.

[02:00] Then, what you'll need is Salana, the biggest crypto used for memecoins. This is where communities around memecoins form, and developers or insiders are information and announcements in here. Then what you'll need is Salana, the

[02:12] biggest crypto used for memecoins. Now, how do I buy Salana? Step one, set up a digital cold wallet compatible with the Salana blockchain. And the best one at the moment is Phantom wallet. Just go to phantom.com, hit download for Chrome if

[02:26] that's what you're using, add to Chrome, add extension, and then you're going to seed phrase wallet. Set up a password that you like. And once you get to this words as you can see on the screen here. Make sure you save this offline. Write

[02:41] it down on a piece of paper if you have to. If anything happens and you lose recover it and you don't want anyone besides yourself to know this phrase. my recovery phrase. Continue and then give yourself a username. I'll just make

[02:55] it Alex Crypto Tutorial and you should be good. You've got the Phantom the Salana wallet set up, you need a purchase sold through a cryptocurrency exchange. You can use Coinbase, Binance, Kraken, whatever works for your region.

[03:08] For my example, I'll be using Coinbase. So, go to your Phantom, go to the Salana wallet address you've got here, copy it, click send crypto, paste it in, and you should be good to send however much soul you purchased. Next, you're going to

[03:21] meme coins with your soul as fast as possible. The best one in the space right now is Axiom. It has the fastest fills, the most features, and the cheapest gas fees. So, to set this up, go to the sign up button right here, and

[03:34] your Phantom wallet that we just set up. But whatever you use, make sure to put here down below. I've gotten a partnership with them just to give you guys the lowest fees out of any other Axiom user out there. Now that you're

[03:48] click the button at the top right right here. Head to account and security. Click view recovery key. Confirm. Same exact thing with your Phantom wallet. This is going to give you a seed phrase that you should save externally. It's

[04:01] your Axiom wallet address if anything happens to it. Once you've got that set up, head to the poll section right here. And this is where every new meme coin it's where you're going to be watching 99% of the time for plays. First thing

[04:14] you're going to do here is change the filters. So head to new pairs right here here. And the first thing you need to make sure is that Pump Fund is the only coins are pretty low volume. They're not going to perform that well. Pump Fund is

[04:28] Then you're going to go down, go to the middle, click on metrics, and for the market cap right here, put in minimum 13,000. This cleans out all the garbage give you early enough entry on the ones that do have potential. And that's all

[04:41] you'll need. You can filter out coins with snipers or insiders, but there are times where coins with both do run extremely high due to having a good leave it like this. Then, you're going to change your buy and sell presets to

[04:54] efficient fills. So to do this, click on the presets button right here next to going to do is change your slippage to 30%. With how much price can fluctuate for meme coins, your slippage needs to be this high in order for your buys to

[05:08] fill. Any higher or lower, and you could risk not getting filled or buying at too for meme coins. Your slippage needs to be this high in order for your buys to fill. Next, your priority and your bribery fee. So, these depend a little

[05:21] would personally set it to something like 0.03 for both. This ensures that you're trying to snipe a coin early. And then finally, you're going to turn me are going to get front ran and sandwiched by bots, and it's going to

[05:37] going to do the same exact thing with your cell presets, but leave slippage at 40 and change the priority and bribery to 0.03 each. Mer protection on, and you buy, you're going to change this to whatever amount you're comfortable

[05:52] buying these new low cap meme coins with relative to your portfolio size. So, this is going to be the amount of soul for your first buy for the meme coins for me, I tend to keep this around 5 to 10 soul, but with a smaller port, you

[06:05] like one. And a little trick I'm about to show you, do 0.0000. And now your buttons for the quick buy is going to be a lot bigger. into this stuff. These are the absolute highest risk plays. Finally, you're

[06:19] going to add Salana to your Axiom wallet by selecting the little wallet button right here. Click deposit. Now you've got your Axiom wallet address right here. Copy it. Head to Phantom. Go to Soul. Make sure you copy and paste the

[06:32] Axiom wallet address into the recipient Solana address right here on Phantom. comfortable with putting in. Now your Axiom's all set up. Once your setup is done, now you're ready to actually hop in the trenches and start making some

[06:44] trades. But you yourself know that the game of crypto and meme coins is ruthless and it's even worse when you're trading solo because you're likely to get farmed. So in step number two, here's my advice on how to speed up your

[06:56] learning curve. But before that, let me tell you a story that'll help you started trading meme coins, I would see these free Telegram groups on Twitter running them and they'd have hyped announcements where they'd say they'd

[07:09] drop a play at a certain time, but the entire time it was literally just them launching their own coins, picking up most of the supply and then selling on their own community on the call. These were also locked chats where I couldn't

[07:21] talk, learn, network. So, all I gained by being there was a red number. free alpha. Please do not fall for these kind of things. There's always a price trade with me personally in the link in the description below. I'm working with

[07:35] Twitter community who have made millions in their public wallets and are now calling bangers in my group fortune. We've been hitting absolute cooks recently, even in this market where we front ran a Coinbase listing, the

[07:48] highest volume crypto exchange on dog and me and another listing from an exchange on Keycat. From buying before huge insiders to trenching daily, we've community. Even people who were completely new to crypto only a month

[08:01] ago are now making their own calls and profiting off not just ours, but their me. There's a bunch of other groups, people out there on crypto Twitter that with them is not only going to help you progress immensely, but also expose

[08:15] yourself to a good network. The biggest connections I made have all originally your friends is going to give you an advantage. Just don't be leveling solo. how to find a community. But how do you dominate on the actual charts? Not all

[08:30] meme coins are created equal. And probably the biggest issue people have to value these coins to see if they'll blow up or not. So in step number three, I'll show you how to find your own 100x. And this is the same system I use to

[08:44] make 200K in one crypto trade. So the first and most important metric you're is a really broad concept when it comes to crypto, but it's the most important thing to understand when it comes to valuing a coin. Ask yourself these

[08:57] questions. So number one is what is the story behind the coin and what makes it valuable? Ask yourself what is the meme or trend that the coin is about? Maybe Trump said something really memeable. You want to find out what is the coin

[09:10] figure out why this story is valuable. For example, why would the story of Trump making a memecoin be valuable? Because it's the most popular man in the something that's going to get attention. And in crypto, attention equals value.

[09:25] the world launching his own memecoin is going to generate a lot of attention. and it's why my group was able to make a combined 8 million off this play. So, when I'm talking about a story, is the coin part of a movement? Does it solve a

[09:39] problem or is it speculation? So, Trump, for example, would be speculation of him launching a memecoin and being a part of a movement, Trump finally joining these stories, you need to be thinking of future bull catalysts. Always ask

[09:53] yourself if the coin is at $10 million market cap for example, why would What are future points that'll sustain or grow the story? A good example of a coin that solves a problem would be something like ARC over here which went

[10:06] 645 million market cap. So let me tell you a little tip on how to value these utility coins, these problem-solving coins. So something like ARC is a framework for developing AI applications. Sounds complicated, right?

[10:18] But remember, what's something I can instantly look at for a coin like this and know it's going to get attention. If I open the website for ARC, I scroll down, I can see ecosystem partners right here, Salana, Arbitrum, and Abstract.

[10:31] Huge multi-million billion dollar partners. And having partners those huge attention and therefore makes the coin's narrative valuable. So it doesn't matter is, you just want to look at it from a normal person's perspective and try to

[10:47] get attention? And with narratives, you always need to be looking for future bull catalysts. So this means, for example, if the coin is at $10 million at 100 mil? So this could be through ongoing development if it's a coin that

[11:01] potential listing on an exchange if the coin is big enough, or there could be more hype or upcoming updates or events around the story. So, for example, an AI have a better long-term narrative than a news-based memecoin that had one big

[11:16] moment and then would sell the news after. So, for baseline, a stronger and more attention and that's going to lead you know what a coin's narrative is, the next question you need to answer is how

[11:29] other coins? And to answer this, you need to know what is a meta and the meta every time you buy a coin, you need to ask yourself, how does the narrative of the coin fit into the current meta? For example, if we're in an AI meta, AI

[11:44] attention. But just because this is an AI meta doesn't mean non AI coins 100% won't perform well. So, if you find yourself buying an offmeta coin, think about why it might have the strength and uniqueness to differentiate itself and

[11:58] outperform among all the other oneta AI coins. So, off-meta plays can still would be Trump. It dropped in a time where AI Meta was going crazy. And even though it wasn't an AI coin, the narrative of this coin was so strong

[12:12] that it didn't matter that it wasn't an AI coin. So off meta plays can still work, but they need to be unique or have some kind of strength to stand out among other trending plays. And in every meta, there's something called alpha plays and

[12:24] beta plays. The alpha plays, a little corny, I know, but stay with me. So the alpha plays are the highest market cap coins with the most mind share and the beta plays are smaller copycat coins. Think of them as coke plays. So when dog

[12:37] with hatcoin went parabolic, the dog memecoin narrative gained a lot of strength. So for a while we were in a dog or a whiff meta. So in this example, whiff is the alpha play. And during this time in early November when whiff almost

[12:51] went to 5 billion market cap, whiff had other beta plays running as well. And the beta plays would be the dog coins that pumped because of the dog or whiff meta that was happening. So for example, dog with nunchucks at around early mid

[13:03] November when whiff was running it up, dog with nunchucks went from 2.5 million to almost 25 million market cap and catwift bagcoin right here which was the whiff dog's real sister performed extremely well in the same time frame.

[13:16] You can see this massive candle in early mid November. So some of the beta plays thing with beta plays though is that they're not guaranteed to go up just because the alpha is performing. A lot of the times beta plays actually die and

[13:29] never recover even if the alpha keeps up its strength. So it's extremely important to manage risk with these. If I compare with the alpha with back the you can see that when the market pulls back right here, the beta play is much

[13:42] though, strong beta plays can reach up to 10% of the alpha plays market cap. to play them if you can get a good entry for a beta for a high market cap coin. Just be sure to not get distracted by too many derivatives. Usually, only one

[13:57] plays. So, you know what the coin story is and how to value it, and you know how relevant the story is right now. The final question you need to answer about a coin's narrative is where can I find the narrative and how do I research it?

[14:10] Axiom. I'm going to check the coin's Twitter, website, Telegram, and search things I mentioned, you're going to look for three answers. So, what type of coin is it? Is it a problem-solving utility coin? Is it a news coin? Is it a

[14:25] problem-solving utility based coin? Is it a political news-based coin? You need understand its story. Next, who is following or supporting the project. Sometimes the people supporting the project alone can be a narrative. So,

[14:39] is following the coin's Twitter, that's a narrative that's going to get huge coin about? What's the trend, meme, news, tech that the coin is covering? through Axium. On the Twitter page, look through the followers and following

[14:54] a GitHub, if it's a utility problem-solving coin. Look for what other people are saying about the coin on Twitter through manual search. information in seconds once you get more experience. So, you've got the coin's

[15:09] valuation that you need is the coin's community. A coin can't get attention That's building hype, buying supply, and bringing my share. So, the only question community? And you can find this by looking through the coin's Twitter,

[15:24] to be looking at how active the coin's community is in these apps. How often is many of the holders are actually interacting? And especially on Twitter, you want to find out how many influential people on crypto Twitter are

[15:38] this, Collaterize is a really good example. They're consistently updating influential people following the account and they're getting more and more example of a strong community. And another point you want to focus on,

[15:52] especially on some older coins, is how old is the community? If the coin and and they've survived a lot of price draw downs and they've still been active for strength. So, what you're pretty much looking for is a cult. You want a cult

[16:07] backing you up. Think of early Pepe, Dogwift Hat, Shea Enu. And I'm not want to look for an audience that's going to follow the coin no matter the story, the people backing it up, and now the final thing we need to look at is

[16:22] the stats, we need to look at the coin's price action. So, price action is the raw data of how the coin is moving on the chart. And price action is usually the start. If you look through my live trading video, you're going to see that

[16:35] on every single coin I bought, the first thing that caught my eye was the volume that every single coin was getting. So, for example, you're sitting on Axiom and you see a coin getting volume by seeing how quickly the market cap is changing.

[16:47] you see that volume, that's a sign for you to do research. So that means go to Twitter manually, and just do some quick research for a couple seconds. So let me use this coin dog and me as an example. A coin we front ran at my group fortune,

[17:01] it on Coinbase right here. When I look at this chart, I want to ask myself this new pairs on Axiom, too. Has the coin been performing very well recently? And is it up by multiples? And if it is, usually, unless it's an extremely strong

[17:15] for a good dip before you buy. Pretty much every meme coin, even big ones like Doge and Pepe, experience multiple 50 to 80% draw downs. And Coinbase insiders probably have most of the supply in this coin after the listing. So, I'd be a

[17:29] here. So, for new pairs, you really want to focus on volume, while for old coins, strength during these draw downs, you want to assess the community. Look if they still believe in the narrative. Patience is so important when it comes

[17:43] to investments, not only after you buy, but before as well. Now, we've got the But the final thing we need to take note of is the coin's legitimacy. Seems a scammy? And Axium is going to be a lifesaver when you're figuring this out.

[17:57] here, Axium is going to show you almost all the information you need to know if the coin's legit. So, the first symbol my mouse is hovering over, that's going to be how much of the supply is being held by the top 10 holders. The bigger

[18:09] flag. Next one, the little chef symbol, if it says DS, that means the dev sold. be how much of the dev is holding. The bigger this number is, the more of a red flag. But if it's a problem-solving utility-based coin and it says dev sold

[18:25] supporting the project. Next one is snipers. This is going to show how much of the supply is being held by people who bought in the first block. So on the first transaction, any snipers at all is usually a bad sign. It's almost always

[18:38] through a bot. Next, you've got the little go symbol right here. and that's going to be how much supply the insiders of the coin are holding. And insider supply from the dev wallet. Insiders are okay if the narrative supports it. Now,

[18:51] Elon reveals his public wallet right here. And someone decides to make an Elon coin. And when they do, they send Elon 80% of the coin supply. Now, in this case, Elon's wallet would show up as an insider with 80% of the supply.

[19:05] You have a guy with some of the most influence in crypto holding 80% of your narrative. But outside of those scenarios where insiders are part of the usually something you want to avoid. And now the last thing is the bundle. So the

[19:18] bundle is the percent supply that the developer is putting into hidden side wallets. But almost every coin is going to have some kind of bundle. So the bundle starts to matter. And another cool thing Axiom does is if you hover

[19:31] many times the Twitter's name was changed. So for example, this coin right here, Duterte, it shows that the Twitter's had multiple names before. And Twitter was involved in a project before and you're going to want to avoid that

[19:45] also going to want to check for typos on the coin socials and websites and search the coin name to see if it's done before or if it's a copy. If you take all these be a lot harder for you to get scammed. Now, you know how to value these coins.

[19:59] But when we look at the data, 70 to 75% of people lose money in their first year of trading. The other 20 to 25% lose money in the next 5 years. And only 3 to 5% of traders are profitable or not losing money. And it all comes down to

[20:14] step number four, risk management, which is where the majority of people, maybe like you, end up burning their hard-earned money. Making money is so the difficult part. So here's the risk management system I implemented after I

[20:28] lost all my money and almost went broke last summer. I actually roundt the first Not because I didn't know how to find good plays. I did. I was calling bangers left and right. But my risk management was awful. I was buying too much into

[20:42] high-risisk plays, fomoing into top charts just because everyone else was talking about them. And soon enough, I watched my entire portfolio evaporate. I went from feeling unstoppable with six figures at 18 to being completely wiped

[20:55] out. That experience humbled me. But it also forced me to build a real system, a way to protect my capital and manage my emotions. And it was only after I make my first million. So here's exactly how I managed my risk. so you don't have

[21:08] first thing you need to put in your head is to one, never invest an amount of money that you cannot afford to lose. And two, never invest an amount of money that you're not willing to lose. Now, these sound really similar, but they're

[21:21] things. So, the first one's pretty easy to understand. You just should never affect your life. You always want to consider whatever amount you're buying you're in instantly hit the gutter, that should not affect your life in any sort

[21:36] of way. pretty easy to understand. You just want to be financially responsible. But for number two, what I mean by not willing to lose is that you need to be in. And this is because you're not going to capitulate trades as easily if you're

[21:49] of money you invested with. Speaking of capitulations, there are two types of capitulations in crypto. Price-based capitulation and timebased capitulation. help you understand those principles a lot easier. losses add up and trading

[22:04] because at the end of the day it really is just numbers on a screen. In price based capitulation, a trader sells because the price of the coin goes so them to no longer believe in the narrative or their position goes through

[22:18] so much of a draw down that they just cut losses. And again, if you only invest an amount you can afford and you're willing to lose, it is extremely capitulation. And this is because you don't have to cut losses if the price

[22:31] goes to zero, it's not going to hurt you because the amount is insignificant to your portfolio. And in memecoin trading, this is huge because so many times we see coins go to zero, revive, and then pull crazy multiples. With that being

[22:45] tradeby-trade basis. And there are definitely times when cutting losses is actually rugs or if there's genuinely bad news about the coin. The second type capitulation. And in timebased capitulation, the trader sells because

[23:00] price action. Now, I'm not saying the random coin you're holding in your wallet is going to be the next Dogecoin. But just think about how many people got shaken out during those boring periods of price action. So, there are two key

[23:12] always have a thesis and a plan whenever you make a trade. Let's say I have a large chunk of my board sized into Pepe. Before I press buy, I need to know what I'm getting myself into, the potential draw down I'd have to hold through, and

[23:25] the trade. Number two, never put too much of your liquidity into one play. emotionally. You're going to sell out of impatience or from seeing another coin that reason, you should always have enough liquidity available to buy the

[23:40] another coin. For example, even if a lot of my money is put into a big coin like Pepe, I still have enough liquidity to size into another coin if I need to. One little strategy I have to help with this is to literally move your profits into a

[23:53] about 50 soul in my wallet usually. And whenever my wallet goes over this 50 from hitting a good trade, I just move that money out. So, let's say this is my wallet with 50 soul and it goes to 100 soul after I make 50 soul on a trade.

[24:05] and then take 50 soul out of that trading wallet into my new wallet. And anytime my trading wallet goes over 50 soul, I'm going to keep adding over to going to act as a treasury for my money. This way, I'm physically limiting my

[24:19] to redeposit money back into my wallet. Cuz for me, this 50 soul is all I need adjust that amount to your port. You just need to remember we're in a bull come daily. And that's both a blessing and a curse. You need to stay grounded,

[24:34] stick to your thesis, invest responsibly, and do not chase green candles. Do this and you will outperform 90% of market participants. And now Co's everybody else. Like the scan on this coin right here, Pig Balls, at 1.9

[24:48] million market cap. We've got his thesis right here. And literally 2 hours later, the coin went to 70 mil on our call channel. And if you think this video is full of great value, just imagine what my circle is getting. For example, Co,

[25:00] papering trades and not knowing how to build conviction to making $3 million on his public wallet after working and trading with us personally. And on the screen right now have done the same. So, if you want to join in on the

[25:14] success, click the first link down below to apply. Now, we're on step five. Yeah, it's hard to do research and understand the value behind these coins, but the is actually entering and exiting these trades. That's what differentiates me, a

[25:27] random that enters a trade with a few hundred and then watches it go to zero. different. You can do the same. I just understand the concepts I was explaining in the previous steps and this exit strategy. So, you're sitting on Axiom,

[25:41] the concepts that I taught you, you finally find a good coin to buy into and you're up a solid amount of money. How do you exit? So, the most important that's cuz price in memecoins is extremely volatile. Things can change in

[25:55] an instant from a person with influence suddenly supporting the coin to a coin with a stronger narrative coming out at the same time and vamping yours and overshadowing yours. And because of this, it's almost impossible to time the

[26:07] where averaging comes in. You should never be selling your position in one clip. Instead, what you're going to do is average in on some trades, but always to buy less than you intend to in case you get a better entry. So, if you're

[26:20] not too confident of where you're buying at, buy 50% at one point and then 50% in size into a play and hopefully get better entry. But, you're going to always sell your position in 10 to 25% clips whenever you're up enough money or

[26:34] a bull catalyst is triggered. And a bull catalyst can be something like an going to lead to a lot of copy traders or someone with a lot of pull tweets about it. Elon for example. This way, you're able to secure your initials and

[26:46] some profits, but you still have some stake left in the coin. the case that it nowhere, you still walk away with money. If you see my $15,000 win here, you can transactions on the screen. And I actually have a live recording of that

[26:59] executed very well. And I'm about to walk you guys through the execution with this coin because of the volume that it was getting because price action is the eyes. And I found out that the coin's

[27:14] knew that was something that was going to get attention. And I saw that the time where AI coins were doing really well, meaning that we were in an AI meta. So I decided to buy 10 soul. And once I got my position, I did more

[27:28] with any news that was coming out about it. And surprisingly, the coin went down 70%. But because I implemented proper risk management by only putting in an and hold through draw downs with, I was able to keep my emotions in check and

[27:43] coin was going to get attention with all the catalysts that it had behind it. So what do I do? I average more. And now I have a better entry with more size. And after that, I keep doing research on the coin. I keep staying updated. And the

[27:56] coin finally bounces. And I take my initials here to be safe. And as the lighting up for this coin. influential people started buying in. My thesis played out completely. And as you can see, there's so many sells on the screen

[28:09] because it's impossible to time the top on a coin like this. So, I just sold bit by bit to make my exit point as close to the top as possible. And as you can see, by the end of that trade, I made 45.6 sold. But at the end of the day, none of

[28:21] this matters if you can't implement that number six. A lot of people don't do But me on the other hand, doing this is exactly why I've lost tens of thousands of dollars on trades, but then went on to make hundreds of thousands of dollars

[28:34] in trades. And that's because I actually care about journaling. But Alex, how should I journal? What should I even focus on? I got you. So, after every trade, write down and ask yourself these four questions. One, what was the

[28:47] narrative of the coin I bought? Two, why did I buy where I did? Three, why did I hold for how long I did? And four, why did I sell where I did? Once you've what you could have done better for each question. Nobody's a perfect trader.

[29:01] Even I have instances where I look back and I realize I could have executed this a lot better. And also ask yourself what you did well in these four questions and trades moving forward. And by doing this, you always know where you are as a

[29:14] trader in terms of your skill. You know your trading style and if it's working keeps you grounded and helps you look at things from a more objective view. and improvement. You need to understand that memecoin trading isn't just about

[29:28] winning one trade. You got to one accept that losses happen. Detach yourself from the outcome. Two, always refine your strategy. The meta is always changing. market condition might not work during

[29:40] long term. The real money in this game is going to come from compounding experience and the connections that you make. Now you know exactly how to trades like mine. But free education alone isn't enough, which is why I

[29:53] highly recommend you join Fortune, where we are changing lives daily with the to see a live breakdown of a $200,000 trade, check out this next video where I explain exactly how I executed it. Thanks for watching and peace.

More from Alex Choi Crypto

View all

⚡ Saved you 0h 30m reading this? Transcribe any YouTube video for free — no signup needed.