Meme Coin Trading Strategy — Step-by-Step Guide & Transcript

[00:00] This video I'm going to break down how I made over $10,000 in just a couple hours. But the thing about this strategy is it can work most days of the week as long as you are prepared

[00:12] to stomach a few small losses. So let's get straight into it. First of all I'm going to be using GMGN. I'll link it down below if you're interested in trying it. Now on here you can see we've got a pension tab in the top left. A lot of you will already know what this is. This is brand

[00:24] new pairs being launched but as I mentioned in my last video I don't like to play in this region here it's too risky too many things dump and you have to be a little bit lucky as well for something to

[00:36] really really run now you can get obviously two x's and stuff like that but hitting big figures consistently is very very difficult here's what I prefer to do so if you click on trending here and I'm going to just show you my filters here set up so click on filters and then here um eight

[00:51] anywhere up to two days i've just got 40 hours here it doesn't matter put minimum market cap 90 or 100k as i mentioned in the last video and then put total fees 13 soul 15 soul something like that so it's only legit coins now what i do in the morning when i start trading is all of these

[01:07] coins i open in a new tab i want to know what's ran over the last couple of days preferably what ran yesterday that's what i'm interested in so even here on filter you can ignore anything that's just launched and stuff you could put minimum six hours here so i just want to see stuff that's

[01:22] launched yesterday and i already have several tabs open of all of these and i keep these tabs open throughout the day simple as that and what i do is i organize my tabs left to right right being

[01:34] the ones that look like they're dead so run run now under 100k and i'm dying off and i have a look at not only the price but the volume the volume is dying off so in the last hour it's even 10k or 20k pretty much a dead coin i don't ignore it completely though i keep it there i just

[01:49] push it to the right so this is on google chrome so another one completely dead was running a little bit at the beginning now i'm not i'm not doing any fancy work checks scam checks anything like that at the moment and obviously if it's an established coin and it's been running for more than a day

[02:02] and it's had millions in volume it gets less and like less and less likely to scam anyway we'll do our checks in a minute if we're going to trade anything like this but this is what i do first and the better coins the ones that are holding better charts and what i mean by that is they've

[02:17] had a pump they're pulling back but they're not completely rugs like they've not gone to under 100k and below they're ones i take notice of in particular and another tip right now is i would

[02:29] focus on solana coins they've been running better the last couple of weeks much better than robin hood they're the ones where you can get the runners at the moment and this changes obviously changes week by week like if you want to trade mean coins properly you have to trade where the

[02:42] volume is at the moment and where the runners are right now it's back in flama and you can see here these are stronger charts shots that have run and pull back or are still running this is technically socket this is technically still in an uptrend now you do your new normal due diligence check bubble

[02:58] maps check what the narrative is see if it's something that's legit you don't want to open one of these and just see AI videos all over the place as I've described in previous videos. Lots of things you can do to check. And then when you find a chart that looks promising, for example

[03:14] this one, this is agency and this is the one that I did really well on, this is basically how I saw the chart. It was opened in a new tab and I've seen it's already, it's a day old now, it's already a day old. It had its pump barely touched five million and then completely collapsed from there went all the way back down to 1 million notice though it didn go all the way back down to 100k didn rug completely

[03:38] it kind of held around there went sideways did nothing and then found support at 1 million so we see that at 1 million we see that 100k as well where price kind of goes sideways doesn't

[03:50] completely die off. There's buyers there, there's buying pressure there and then we start seeing an uptrend. I'm still not in the coin here. What I'm doing is I'm looking for, again I've discussed this in another video, make sure you check it out

[04:02] it's on my channel, this downward sloping trendline breakup and we see it break out. Even then I wasn't actually in the coin. I got in a little bit later here because

[04:14] I saw continuing uptrend. Many times I see coins after they failed they kind of sideways and threatened like they're going to pump and then never do anything and the problem here was I didn't see any massive volume coming in breaking

[04:27] out so I was reluctant but then the chart was getting stronger and volume was coming in so I ate in with a decent amount of size because there's a no brainer here it was a strong looking chart and like I said in my last video

[04:40] all the attention is on coins like this right now because it's new it's just launched anything within the last 48 hours is going to have attention so if it's got attention plus volume ideally plus a deeper narrative this is a very strong narrative at the moment

[04:57] so again you can you can go onto twitter and read all about stuff like this and the flywheel and how it's working but this is a whole new type of ai related launchpad it's a whole new meta if you

[05:10] want to call it that and agency and there was one other coin these two were the earliest in this new better and who knows this could run crazy like things like stonk or it could go nowhere we don't know like you can't predict ceilings on these coins it's very difficult at the moment but we

[05:25] do know what's run recently so we do know that it ran to five it looks like it's breaking out so i knew well okay if it breaks out if it's a clean breakout it's going to run to 10 if it's not a clean breakout it might just double top here so those were the places where i was conscious so i

[05:43] take a little bit of profit here majority of profit I've taken at 10 million and you see it's still running so I'm still holding a position and it may run further who knows but basically again just to recap I'm checking what ran yesterday I'm keeping lots of tabs open I'm deleting the tabs where it's

[05:58] clearly died or still opening them leaving them open till for another day just in case they get resurrected you never know I'm marking off where all-time highs were I'm looking for technical analysis kind of breakouts like trendline breakouts higher lows oversold you can see at the bottom on

[06:15] the rsi at this peak as well on a five minute chart i'm only sticking to a five minute chart one minute 30 seconds too much noise 30 minute one hour it's too few candles to actually analyze properly five minutes kind of the sweet spot here with these 48 hour points and then as it runs i'm

[06:32] taking profits in places which actually make sense because this blue sky is here if it runs now For example, if I see volume completely tanking, there's a good chance that's the next all-time high, local top. Could be the all-time top, you just don't know.

[06:46] 100% sure. But if you're taking profits, it doesn't matter. What gives me a bit of confidence is when it runs through the previous all-time high, did it slice through it like butter, like this? Or did it mess about and consolidate here and struggle and pull back and struggle and pull back if it slides through very strong narrative very strong volume as you can see below so what next

[07:06] let's say it pushes again i'm looking around 15 million mark the next is under 20 it's never the actual level because so many people are taking profit here you're looking more like 18 and a half 19 million those are levels where it could run to now sometimes when you get these coins

[07:23] come around every few weeks that change the game they can just vertically go up too so that's a scenario so I've got a few scenarios in my mind one is it just goes crazy and just straight straight

[07:35] line to 50 million possible that's I see possible another more realistic is it's about to top at 15 or 20 and pull back so that's an option there so I'll put there 15 20 and another is

[07:49] it's topping now at 15, 13 to 15 and that's the all time high forever what I have to do when I'm taking profits here is I have to account for all of these different scenarios so that I still make as much as I can of my position

[08:04] but not sell too soon that I miss maybe a majority of the run because you don't know how often another coin like this will come around we do get a few every week but what if you're busy and stuff and you just miss all of them

[08:16] this one trade could make your entire week or even your entire month if you play it correctly so as the price is going up so let me just clear the chart another thing I do here and it's very easy with GMGN so let's just zoom in is as we're going up and we're making higher lows I trail my

[08:34] stop so I've got a stop loss so initially it was under 5 million as we push through 5 million and then as we've got these higher lows I can push it up a little bit I want to give the trade enough space but this is my 100% stop loss which means if it hits that I'm completely out of

[08:50] position and then I can do a smaller stop loss which is a little bit tighter where it's 50% some people prefer to do just nothing but again you just I mean you know I'm busy I don't know

[09:02] how busy you are if you're able to just watch the screen for the next few hours that's fine but if you can't you don't want to be distracted mistaking profits and price tanked to 3 million where you could have easily had some stop orders there on the way,

[09:16] locking in even more profits. You don't want that to happen. Same way, I put target profits, I already have them on my chart now at the levels I've just discussed. There's 10%, 10%, 10%.

[09:28] I've splattered them all over the place because that's actually safer nowadays than putting one firm level at 14.99 and price goes nearly there, spikes there, you never get triggered, and then it goes down to 3 million.

[09:41] Don't want to play that game. rather have 10% at 14, 10% 14.5, 10% 15, if that makes sense. I don't mean exactly those percentages. I'm just giving you an idea of where you maybe should splatter your take profit target

[09:53] rather than have one solid one and see it be missed. It's better you get some profits locked in. And obviously, it goes without saying, you'll know this already, but early on in the run, you can take out all your initials.

[10:07] I don't do that. With these coins, I live in more established. You're going in with size. I don't want to take out my entire initials when it's just gone up 2x because I don't have any size in the position then. I don't mind taking smaller profits. I know I'm not going to take a loss because I'm trailing my stock loss anyway.

[10:24] So let say I put for example I give you take 10 SOL in I don want to go up a little bit and then take all 10 SOL out when it up 15 SOL or 20 SOL I don want to do that I rather just take 5 SOL out and trail my stop loss

[10:38] if that makes sense. So going on these other charts, why wouldn't you get involved in these? Well these ran, pulled back, but look at the price action. What do we need to see here? I need to see this pump, pull back, higher lows, get some confidence back in the chart,

[10:52] maybe some volume, either flat or picking up in terms of volume. And then it's interesting to me. And I'm basing my decision, I'm just being honest with you, mostly on the chart. I'm not basing it on, I think this encyclopedia coin is better than agency coin or anything like that.

[11:06] I'm not doing that. However, at the same time, I have enough experience to know that this is something very, very different. If you have a look at the website, and I believe some of the fees are going directly to buybacks and stuff like that. you know it's this is you know potentially could be something it could be the next step the next

[11:22] matter and when you've been in coin for years you see something like this you're like yeah this this could probably run the other thing is when you've already thought i don't like trading coins if i've already taken a loss on some of these coins and some of these these other ones this

[11:36] is my point before is i took small losses on these because they didn't end up breaking out when it looked like they were threatening to break out but that's part and parcel of it i'm not here tell you every coin is going to do a 5x for you or more it's it's absolutely not at all you just

[11:52] have to make sure when you get that 3x to 5x or more you maximize the outcome in terms of profits you don't round trip and the ones that aren't going to work out you're very tight and you're

[12:05] very strict with your stop losses and you get out of the position quickly so let's say you put in $500 you want to leave with 400 ideally not really much less than that you don't want to

[12:18] buy something for 500 and lose $400 on it that's not trading but in this particular coin if if I do end up going fully out of the position I will still be watching this coin all week and if it

[12:31] does some massive pullback but it holds at a higher level volume stays consistent it's well supported at that level I'll be buying back in again because I've already made good profits on this coin so I know I'm not in a loss here to trade it again and I know it's very decent narrative

[12:48] and it's very decent chart and this is the other thing I prefer right now the ones that are not really great coins are the ones that are not organic these ones that are that is a very clear

[13:00] organic run from the beginning from nothing it did nothing and then pulled back to nothing and then did a little bit more of you know and then that's what I kind of did it didn't just go straight up in the first two minutes to 500k or 3 million or something and then kind of go

[13:16] sideways like that I'm avoiding those because those tend to be the ones that are a little bit more scammy not necessarily like an obvious rug but just ones that clearly there's a lot of

[13:28] messing about in the beginning calls involved bundles involved snipers involved stuff like that Kinda, you know, I'm more careful with that. If I see a chart like that, I'll still trade it and I still made money on those But I'm more careful if I see something genuinely organic like this

[13:42] Push up 5 million, massive pull back to 1 million. I'm a lot more interested So I'm not gonna leave this chart alone for a good week or two. That's it But at this point what questions you have however long you've been trading meme coins, please ask them below

[13:57] I'd be more than happy to do a video about it. And you know, maybe it could help. See you again soon