The 5 minute guide to Trading Meme coins on Solana

Alright I’m sick of seeing noobies being taken advantage of in here. This is a super barebones tutorial to increasing your odds of finding hot new tokens on solana in this meme coin craze.

It’s a called Photon and i will shamelessly plug my referral link Or google it if you’re paranoid.

Step 1 download phantom wallet write down your keys blah blah (phantom.app)

Step 2 use photon, connect to your wallet and fund it with TINY amounts to test. Trading requires lots of trial and error, its a learning experience. So don’t ape everything you have to try and make it overnight or you will learn a very painful lesson.

only use funds you can gamble

Going thru Photon setup

Deposit SOL into your photon wallet

Step 3

Once funds are loaded in, head over to “new pairs” section

Go to Trending or New Pairs to be even more degen

Step 4
Set filters to get rid of trash rug pull tokens. Activate the “LP BURNED” — “mint with disabled” and “social media” ones.

After that you may wanna set liquidity to a minimum of $5000+

This ensures that if you find something good, there’s enough money for you to sell. (Not gonna explain liquidity here go use GPT for that. Short story is if there’s not enough liquidity for everyone, not everyone can sell and get out so it is crucial to have healthy liquidity)

STEP 5

Gamble with tiny amounts. I’m talking 0.1, 0.25

This will teach you how the platform works, how FAST you can lose money and also how fast it goes up.
It takes a lot of losing to find winners. But with those filters and a minimum liquidity of $5000ish+. You can sort by most recents and find good opportunities with some common sense.

Higher slippage means your tx will go through faster but will take higher fee when you buy the coins

Step 6

Use common sense and scan the twitter accounts of the coins and inspect the buy/sell orders. Although this is not the most important, volume matters more. A project with lots of volume has lots of foot traffic. Which means it’ll be easy to sell and easy to buy — volume is the best indicator for an opportunity.

Step 6.5

Consider market cap for risk opportunity. If you are higher risk and seek a 100x (very unlikely you find it but ok) then you need to be comfortable with very volatile swings and draw downs of 80% in 20sec.

If you are looking for more consistent, stable pumps — stay at a minimum of 10M Mcap. This assures enough volume and liquidity, and enough stability you dont get wiped 80% in a moment.

IF YOU BUY TOO LARGE ON A TINY MCAP YOU WILL PUMP THE PRICE.

Step 7

Repeat process and don’t be scared of losing some funds. You will come out a smarter trader. TRUST YOUR OWN INSTINCTS OVER OTHER PEOPLE’S CALLS.

Take profit when it’s there. You will never lose money taking a profit.

Be ruthless and non-biased. Keep a journal to note your learnings and lessons for each coin. Do this and you’ll learn very fast in a week.

Step 8: Regularly withdraw profits.

I don’t know anything about the Photon company, i’m not affiliated with them — but its NEVER a good idea to leave all your money on a single centralized website. Always withdraw profits and know it’s a risk leaving funds with an anonymous group of people on the internet.

Cheers and dm to use my photon referral link.

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