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The World's Shortest Memecoin Trading Guide You'll Ever Need

Alex Choi Crypto3:19

Transcription

Here's a trade I made $30,000 on. Another $11,000. One more $10,400. All from this past month at the age of 19. All from Solana Memecoins. And this is the world's shortest guide to how I did it and how you can do it too.

Step one, the setup. Buy Solana from Coinbase, Kraken, or Binance, whatever works in your region. Then set up the Phantom Wallet extension and send over the Solana that you bought on the exchange over onto it.

Next, make a Twitter account. This is going to be your radar for news, trends, and narratives, and it's a great way to network with other traders.

Then make a Telegram and Discord account. This is where you're going to be joining crypto communities to look for other coins, talk about the market, and network with other traders.

And finally, set up Axiom Pro as your trading bot. It's the fastest, the cheapest, and most secure Solana Memecoin trading platform. Y Combinator backed. Sign up with your Gmail or Phantom wallet. Link for Axiom is in the description for 10% off all fees. Make sure it says Fortune on the bottom bar to get the benefits.

Head to the second button at the top to open Pulse. This is where every new coin is going to come up. Your job is to sit here and scan for good coins. And for the best filters, you're going to hit the button over here on top of new pairs. Go down to metrics and put a minimum 10,000 market cap right here.

Step two, how do you find your coin? Three factors you need to scan for in every single play.

One, narrative. Ask, what does this coin represent? Who will resonate with it? And what attention is it about to attract? Example, you see on a coin's Twitter that a Harvard graduate is behind it. That's instant credibility and it screams attention.

Two, community. Check the engagement on Twitter and what people are behind the coin. Every coin needs a community supporting and pushing it.

Three, price action. Volume equals odds. If no one's buying, you can't sell. Always be on the lookout for red flags, whether that's fake narratives or news, or inorganic price movement.

Step three, the types of coins you're going to be looking for.

One, culture coins. These are going to be memes, crypto Twitter jokes, popular animals, something that's relatable, viral, or both.

Two, technology coins. You're looking for utility and a reputable developer. Look for the developer background and any past achievements that they have. You want to think like a degenerate venture capitalist.

Number three, news coins. You're looking for tokenized tweets or headlines. They need to be current, memeable, and about someone with influence.

Step four, how to research fast. First, set on polls on Axiom. Next, you're going to be looking for volume spikes. This means that the coin is getting eyes. Check the links on Axiom like the Twitter over here. Look for mutuals and important people that follow and evaluate the narrative, community, and price action as quickly as you can. No technical analysis. Beepoints are pure attention markets.

Step five, trading styles.

The first one is scalping. And these are going to be fast flips. So, you're trading volume and short-lived hype. You're either entering early on a dip or during hot volume. And you're selling fast. There's no bag holding here.

The next one is going to be trading high volume runners. And these are going to be bigger plays with strong narratives and a big future catalyst. You're averaging in and you're averaging out. These are plays you're looking for a minimum 3x on or it's not worth it.

And the final step is keeping a strong mindset. Don't chase. Sit out if you're unsure. Assume any money you put in is zero. Take profit selfishly. This isn't a charity here. You don't want to become a community member. And trade attention and not emotions.

Pretend I'm looking over you on every single move that you're doing. And if you want real-time calls like this 34x I called here, which I made 30K on live scanning and working with me and other traders who do this daily, check out Fortune Collective in the link in the description down below. And if you want more extensive breakdowns, all for free, check out the other videos in my channel. Thanks for watching and peace.