How I Make $500 EVERY Day Trading Meme Coins [Step By Step Tutorial]

in this video I'm going to show you exactly how I make at least $500 every single day trading meme coins meme coins especially on the blockchain salana are blowing up right now but you need to know exactly what you're doing otherwise you'll actually end up losing money so in this value packed video I'm going to share with you as many insights as possible if you've been enjoying these videos please hit the like button and subscribe if you're new to the channel I regularly release videos like this so I use Dex screener this is dexc screener. in before this is basically a platform where they share any new meme coin launches and this particular software automatically scans for new launches so anytime anybody anywhere in the world is launching a new collection for example a new meme coin on salana it automatically appears here so I'm going to show you uh a few tips in terms of quick orientation in the middle here we've got the chart in the left we've got the general menus you can create your own watch list you can have a look at new pairs you can see what's trending at the moment gainers and losers you can add your portfolio Etc so middle we've got a chart and then on the top tab we have what are trending at the moment the trending meme coins these tend to be the ones with the biggest um short-term volume spikes at the moment and this one here I've opened is GameStop and this is one where I've made a lot more than $500 but this is one that's actually a rarer type of meme coin this is what I call a wave3 coin it's trending longer term and in mem coins the time frames are very short so longer term when it comes to mem coins is believe it or not anything more than a day or two literally on the right hand side we've got the Social Links here for each coin website Twitter telegram you see a little icon next to the gme ticker if you click that it automatically copies the contract very very useful if you're using Bots and scanners to analyze this in more detail and to set up Snipes on this we've got liquidity here the market cap 42. 7 million now we work in market capup so that's what I advise you to do anyway so I would first switch this instead of price price to market cap um really easy thing to do and that gives me better idea of what price is doing at the moment and also a better idea of how I would do for example if I bought in here at 20 million I know that if I get to 40 million that I've twox my money and it doesn't matter what all of the other the actual kind of coin figure is 06 Etc that doesn't mean anything to most people that's why it's always easier to switch to market caps there's another secret reason for this and that is what I think is going to happen right now and why I'm going to be taking profit very soon I think when we get to the round number of 50 million there's going to be a lot of profit taken now that might be small profit taken it might be large but these psychological numbers as a tip for you there are very very important they're like magnets so if we if we do move continue to move up we might get a little knock back now cuz we're at alltime Highs but if we continue to move up what I think is going to happen is we could actually get a really big drop which sounds strange as this been pumping for the last few days but I think we might get a drop all the way down to 25 million why do I say that I've not plucked these numbers out of thin air I've seen other collections I've done my research and I've seen other wave three collections get to 50 million and then have sometimes big pullbacks cuz that's an area where a lot of people take profits now I have no idea if that's going to happen we might get a little knockback we might not get any at all we don't know for sure but this is what I mean by research when you start looking through lots and lots of coins and trade a lot more and look through a lot of charts The Experience really helps when it comes to memec coin trading so don't be hard on yourself if you struggled this far it's definitely not easy for a new beginner my next tip let's hide this sidebar so we can see the chart in more detail what I would advise you do is you split up most collections into waves so let me show you how 99.

9% of meme coins go they go up Pump and then they dump and then they tail off this is Believe It or Not 99. 9% of collections the area where they Peak could be anything from 5 minutes it could be an hour it could be 2 hours one day 2 days and then usually not much more than that unless you're in a wave three like GameStop which is a rarer one in a th000 coin so most of them will have this pump and dump why am i showing you this I'm showing you this because one of the best strategies when it comes to meme coins is getting in and getting out very very quickly and I mean really quickly in a wave W move I might only hold a position for 5 minutes sometimes maximum 8 to 9 minutes and that's it and usually I've made a 2X or a 3X and I'm out that's how you do well with meme coins and that's really efficient way to do well as well because then you literally only might need to trade 15 20 minutes a day or if you do a couple of really good trades maybe half an hour so you can make your money very quickly too that's why a lot of people do very very well in meme coins next tip is to separate into three waves now it's kind of harder to see here cuz the initial wave was so small in comparison but basically there's a wave one that got to like a couple of million market cap that's one this is all a wave two and then from here and now extending onwards from 4 5 million uh lows all the way up to now 40 that's a wave three so like I said the first one this is most collections they only ever achieve a wave one top at maximum that excludes all of the rugs and scams and stuff like that which you usually get found out within the first few minutes then a smaller percentage do a wave two and an even smaller percentage to a wave three it's good to think like this when we go into the new pairs right now because then you know what type of trade you're placing you have to kind of have a better idea of how markets move longterm when it comes to me coins so let's use an example let's click on new pairs here and a little trick I I do here is we've got age 24 hours I sometimes reduce this to like up to 3 hours and then I can even sort it by platform because my favorite platform to trade on at the moment is salana I I use all of them but salana tends to be the best one for liquidity for pumps um transaction fees Etc so it tends to be a really good one and you get a lot of volume of new collections coming up as well which I really like so what you can do here is click on age and click on age again and now these are all the new launches literally these only launched a minute ago so if I open these in new tabs I can see that they've literally just launched and this is how you can get a wave 1 trade setup and I'll show you one of my favorite wave 1 setups at the moment when I involved in Wave 1 so that's the initial 1 hour max 2 hours of a new launch what I always do is I click on second chart I need to be on a second chart not on a minute or 5 minutes because then I can't really see the price action properly and I can't get good entry points now the problem in wave one is you get a lot of rugs and scams so you need to scan the contract and check how many people are holding that particular collection make sure the dev isn't holding like 99% of the tokens uh because he could just dump all over make sure the liquidity is burned you should see a green lock sign here if you're not seeing it then there's a risk they will pull the liquidity if you don't know what all of these words mean don't worry in another video I'm going to discuss this in a lot more depth and you see already this is pumping now like I said with this one the liquidity is unclear so this could still be absolutely a scam so you have to be very very careful with that and this is another one we just launched we'll get it onto a seconds chart um I like to have the sidebar up here so I can keep an eye on the liquidity and information about that let me just refresh the page see if there's any updates there's no updates at the moment usually liquidity is burned after the collection goes live The Collection starts trading as soon as the liquidity pool is live the lp is live so as soon as Mars tokens have been exchanged with salana in some sort of pool somewhere like radium but again don't worry if this is all going over your head you don't need to necessarily know this for mcoin trading it is however massively helpful if you understand this you'll avoid a lot of scams and rug pulls so basically yeah that that's the basics of a brand new launch so that's how I would find new pairs that are launching a wave 1 now if I want to do a wave two trade this is something that's already pumped and is now settling i' same go into new pairs again but I'd stick to 24 hours and then I would sort by liquidity and I'll just have a look and see which ones have the uh most liquidity uh generally and and aren't kind of dodgy looking collections legitimate looking Collections and they really need to be on sold so I'm looking for anything from like 20,000 to about 60 70,000 these have potential so let me just open a couple of these just to show you an example so this is Tri for example I'm just going to open this up right now and then this is Silk Road and now I do want to get on a 1 minute or a 5 minute chart just to kind of zoom out and then I can see the wave one there very clearly so we already did a wave 1 and this was the low here the buy the dip opportunity and we now could be starting a wave two so you see how just uh doing it that way just makes things a lot easier in terms of identifying kind of where we might be TR out same thing I would get on to a 5 minute minute 1 minute or 5 minute zoom out you can see liquidity here is locked it's got the green sign so those are all good signs and you can see this had a massive pump at the beginning and it's it's died off but not completely it's still got some signs of life so now we're trying to see is this going to make really going to make an attack back to alltime highs which were about just under 2 million are we are we going to get stairs going upwards rather than downwards have we had a break a trend line breakout these are all the things I look at I'm not going to bore you with all of the different types of technical analysis I do right now cuz this is just overview video but these are the type of things I look at for a wave 2 trade which can also be very very profitable to show you how profitable this move um which looks like nothing from here to here in terms of price range in terms of multiples this was a 1. 5x so you know maybe a 2X uh sorry 200% so a 3X at maximum so these are not small moves and if you have a look on this one um this is called Silk Road and let's have a look at the initial move up at the beginning so let's switch to Market capup again let's just zoom into the um chart a little bit and you can see we got to 1.

2 million Fair fine fair enough so so that's nice we got to round numbers and stuff and we've been dumping since but the interesting thing is over that first few hours where do we start from look what the uh values were here 14,000 so literally this in a wave one look at how much it went up so 28 th you know 2800% 2800% crazy amounts like 20 x's and stuff like that what that basically means is you put one soul in here then you come out with 20 Soul crazy crazy figures so you can see now why making five Soul a day is not terribly difficult as long as you avoid a lot of the rugs and the scams and you know what you're doing and you look for the right setups so let's have a look at some of the new pairs here at the moment and same thing so we're just going to have a look and see if any have any kind of decent liquidity and we're going to open them up there's a lot of Jupiter ones obviously because of um all of the buzz um and the narrative around around the Jupiter launch uh going live so obviously there's a lot of memes related to Jupiter you'll see things like Jupiter's wife all kind of stuff or Pluto or other planets um so let's open a few of these up and see if there's anything interesting for us that potentially could be a good trade let's check coni as well they got a picture there which means uh probably they've got socials as well and stuff linked there one called Stealth have a quick glance at these and this is on a one minute chart for now um and I'm having a look at here liquidity as well and I'm going to have a look and see well I can see this one's locked so let me click on market cap here this is a little bit safer just cuz it's locked liquidity you can see it pumped to about 20,000 let's see if it's got another wave here um yeah everything looks decent enough it looks like they made some sort of effort in terms of uh um marketing and stuff like that so let's get on to a second chart and I'm basically just buying the dip here let's see how far we dip this is my Panic dip strategy is a wave one strategy works really good um so let me just get my bot ready and what we're going to do is we're going to place a small buy um this is a good level about 7,000 transactions a little bit slow so I'm probably not going to get that price I think I probably got in around this price which is annoying 8,000 so you see it's just a literally a few seconds and you know I'm paying 20% more it's not great but this is why I'm on a 1 second chart so I can really really see if I can get some good prices I mean just based on you know a little bit of the information and just having a quick glance with my instinct and experience this should be worth you know maybe worth 20K uh our best Market cup so I'm just trying to get a little 2x here um fresh Twitter account nothing special there to be honest nothing special about this I've probably seen similar name ones all the time I've seen things like Pon and stuff like that nothing special at all and now it's just a decision um once everybody's kind of GED out the initial flip flippers with the initial kind of bots and snipers and stuff like that come we get a little pump so let me buy for a couple of Soul um again I probably just launched a bit too slow there but basically I'm in for a couple of souls so let me just show you my position you can see the position there con and you see my profit and all I have to do is as you can see I'm down at the moment so I put in two so if I refresh it it will show my profit and you can see I'm actually up now cuz the price has probably gone up a little bit and I keep an eye on this and if I need to sell 100% I've got 100% Buton a 25% Buton a I prefer to take pieces you can see it's it's pumping nicely so I'm up nicely in my position now how high can we go with this and where do you take profits well when I look left here definitely the alltime highs 19,000 if we got there miles away yet but if we got there I would take some there but I'd want to take some earlier as soon as I see we're hitting a little bit of resistance it can happen at 10,000 but we seem through there let me just have a look on a one minute and let me have a look at the volume bars and at the bottom are they consistent or they dropping drastically they're okay they're not too bad so maybe they've done a little bit of marketing and stuff like that so not not too bad at the moment see me getting a bit of a sell off there I'm actually going to hold my position here it doesn't make it sense to kind of just break even here and then have to jump back in because like like you just saw there you can get some sudden quick buys if we get back up to this High I may take off 25% just to protect my position I'm not sure yet yeah I probably will let me take off 25,000 take some profits um so I'm just waiting for that transaction to go through yeah that's true so we've taken some profits already we've taken a little point2 soul off I've still got nearly two soul in the position because remember it's just the profits have taken off which was about 25% so let's see what happens with this position now going forward um yeah pumping nicely so I'm not going to rush to take any cuz remember my entry price was all the way here at 7,000 8,000 and notice on the right I've seen lock liquidity I'm clicking on the 5 minutes sorry I'm talking really fast cuz trying to keep an eye on the chart as well but basically that's what I'm looking for here I pump towards alltime highs and then I might leave a little bit if we get a little bit further let's see how it goes volume's looking good and then the other thing I like to do is here just click on USD and click on over 100 cuz I don't want all the noise I just want to see the big transactions any big sells actually to be honest a decent amount of buying in the last 2 3 minutes that's a good sign too not seen any massive profit taken so that's a really good sign and remember we're very early in this collection it just launched so we're not even barely 10 minutes in so I'm going to take some profit here cuz we're getting to alltime highs and it's not a massive profit it's just a little 25% we're going to shave off and I want to take it before everybody else starts selling so I'm going to I've clicked the button now and because I want to take the profit now let me just show you my position so you can see my position here so I've taken some more profits here and I still have 1. 5 left and so far net profit of 043 so it's running really well let's see if we can get a little bit more so I just refreshed that and you can see I'm up 54% in my position and it's going well refresh it again up 90% so it's really pushing now let's have a look at the price you can see price pumping really nicely look from alltime highs we got that sell off now I can actually click the sell 100% button if I'm nervous or if I think there's going to be a little bit of a drag down you know if the collection does get some legs then the next resistance by the way after this is we're looking all the way up at like 50,000 and stuff potentially nice round numbers so we start with 30,000 and then move from there but we're not even at 20 yet so we've got a bit of a way to go so these are this another massive tip like I shared earlier these massive round numbers psychological levels very very important so yeah this definitely turning into a decent uh flip right now and now it's just a case of managing your position again I'm looking at the ticker below this is the ticker any massive cells anybody dump in massive positions not really look at that we jumped all the way to 28,000 got some uh consolidation so it's really pumping but remember it's when it's pumping you want to take positions you see I had a little bit of a chance there but I didn't but price is right back up let me take another 25% off to be safe so I've just done that I may have clicked 25,000 twice which is annoying but anyway um yeah we're miles up now but it's 50,000 where I I personally don't think this collection has a lot of legs just from initial look but again I've not re researched it in that much detail so let's jump on a back on a 1 minute and you can see the volume is excellent a lot of buying volume you see there's a a couple a few big massive cells coming in now so I have to be careful so we're still at that 28 but a lot of people are buying up the cells which is really good we got to the 40 and we're pulling back remember we're still on a second chart and let me just refresh my position yeah we're doing really good in this one and yeah if if we get I'm going to sell another 25,000 here I don't want to start seeing a downtrend that's the other thing I'm worried about so you can see I I I do Sell aggressively cuz I'm so used to these suddenly dumping at any second so you have to be really careful with that so again check the ticker there's yeah there's definitely more selling coming in but not anything major and I've only got a small position now so where are we up to now um take another 20 uh we took another 25 before so where are we up to I think one of my transactions failed which was a good thing is they still going up so so far what we have left is wow we still have two Soul left I only put two soul in and I've taken loads of profits so the only reason it's still showing us to soul is because we're just that high in profits now it's crazy so you can see there my profit is 373 so now it's 2 46% so still way up lots of profits so I need to sell more of my position now to book those in again collection still looking strong it looks like we may attack 50 so I want to definitely keep some in case we do um and I might just take another 25% there if we can get that done yep that one's done just refreshing we have like one Soul left there so I'm going to let one Soul Run cuz we've booked a lot of profits already um a lot of them in these areas but you see I had to do it gradually along the way I have to do that because I have to protect my position protecting your trading capital is the most important thing so we're going to just watch it for a couple more minutes and see but usually what happens is around psychological level so I even draw them on if was easier for you you can actually just draw them on so draw one on at 50 you can see price uh consolidating underneath this high of 41 that usually means we can get a bit of a breakout but I would be worried that after a Breakout how we might get Mass selling straight after because like I said I don't know if this collection has massive legs or not um it's so difficult to know but I have to leave one so in just in case now if we start getting back under 20,000 I'm I'm going to definitely sell out remember my position I bought in what was it I can't remember it was about eight or something crazy low but um from those lows how many minutes has it been so 5 minutes 5 minute trade now you can see you see that some big sells coming in now but are we still consolidating or are we going to sell off like I said I'm getting closer to considering selling my position I'm still holding that little bit of soul I have um actually is worth 1. 33 let me just sell another 25% first before I rush to sell the entire amount let me just show you an update of the position as well this is an update of the position again I have to show you quickly so I don't miss any massive selling the update of the position so this is what we've got left let's just refresh that 353 we're up overall loads of profits we've booked so far Wallet balance going up nicely and we still got the final one so this is very very bullish this is an ascending triangle pattern into consolidation usually very bullish means we're going to have a bit of a breakout here so yeah in hindsight you know obviously in hindsight you can say hold the entire bag but you know you never know what's going to happen but yeah very bullish I expect some definitely some selling at 50 but people might get in earlier cuz they know maybe they know my techniques where where the round numbers are places where a lot of people sell so well I have 1.

1 Soul left because obviously the price keeps going up which helps um so I've got plenty to play with so just before I see any Mass selling I may sell another 25 here let's do that keep booking in the best Traders when it comes to meme coins they aggressively take profits you have to do that um because you never know which ones are going to moon and which are not and this is yeah fair enough it may get 50,000 market cap that doesn't mean it's mooned or anything that just means it's got 50,000 which nowadays in meme coins is nothing um GameStop at the moment I think it's at 40 million that was another one I was involved in that's doing really well um you can see we got a bit of a double top here which sometimes can be a topping sign so you have to be a little bit worried about that so let's see uh sorry you're probably bored now now or you're very excited but look you see the big sellings coming the double top is something I don't like so in a bounce now now I'm going to wait for a bit of a bounce and then probably sell out if we get more negative selling pressure yeah we're getting selling pressure I'm going to leave so I've submitted did my 100% transaction it's taking a while let me see if I can get out of the position it could still go up and moon to hundreds of percents I don't know but even if it goes up there will always be pullbacks on along the way so I'm technically out of the position so let me just show you that right now so let me just uh refresh here and let's have a look so we shouldn't have any more positions it just needs to kind of update but basically the Wallet balance so let me refresh the wallet button says 31. 5 n but let me get an up toate refresh because it's still showing as I have a position which I actually don't anymore let me just refresh wallet so my wallet has refreshed now and it's 32. 2 n in Soul so let's work out what the profit was there um let's just find my wallet just before the trade so my wallet just before I was about to start on con which you can see down below my wallet balance is before was 29.

09. 2014 2 so that's 3.