How To Buy Memecoins BEFORE They Explode [FULL BEGINNERS GUIDE]

all you need to understand to actually make money trading meme coins is look if you're watching this video odds are you're aware of the absolute Insanity going on in the meme coin market right now multiple people just became millionaires off of buying a coin named after a stupid Tik Tok Trend called chill guy no seriously you can just go check the blockchain I'm not making this stuff up Elon Musk literally just named a branch of the United States Government after Dogecoin the biggest memec coin in the world and price chart of that is moving accordingly meanwhile Tik tokers are finding out that anyone can buy these magic internet money coins and figuring out how easy it is to lose money if you don't know what you're doing it's time that we sit down and make a full a toz beginners guide on how to make sense of this whole crazy thing while the market is still hot because if you ask anybody who's been in crypto for a long time they will tell you the super hot moment in the market only last a very small amount of time so in today's video I'm going to give you a full raw guide on exactly how to trade meme coins all the way from Level zero buying your first bit of salana all the way through successfully making a trade by the time you leave this video you will have learned how to acquire salana so you can start trading mem coins how to set up your wallets and get onboarded to the best meme coin trading tools what settings to use on all of these tools and what all this stuff actually means I'm going to show you what places you need to look to actually find the right coins to buy and throughout this whole video I'm going to be explaining tons of new Concepts that may be foreign to you if you're new to these markets so if you hear stuff you don't understand don't worry just watch this whole video take notes and I got you along the way now before we jump in bear in mind that if you want to get fully up to speed learn how to trade and get access to the best tools not only for mem coins but the entire crypto market so that you can take advantage of this small Bull Run window that we have you can join my own private Trading Group Champs only we have a full-time team dedicated to educating you guys on the space and finding picks we run daily live trading streams with hundreds of live viewers and we have an extremely Advanced and comprehensive tool set for all of our members to stay ahead of the market and overall just truly care about getting you guys up to speed while we still can which is probably why our best members are submitting wins like this in the Discord every single week fair warning we are raising prices again at the end of this month so if you want to trade with me and my people before that happens the link to join will be the first one down Below in the description I'll see you inside with that said let's jump right into the rest of this video and by the way for the purposes of this video I'm assuming you already know what a meme coin is if you don't know I'll link another one of my videos Down Below in the description that explains the concept all right so if you want to trade mem coin step one is actually going to be acquiring salana salana is the blockchain or base layer upon which basically all of the most popular meme coins are traded so if you don't already have salana either on a centralized exchange or on a wallet somewhere you're going to have to buy some and if you do already have that you can go ahead and skip this step now there's tons of different ways that you can go buy salana and then navigate out into the general crypto ecosystem but for the purpose of this video I'm just going to show you the simplest possible way and assume that a lot of you guys just want to be able to buy it straight from your phone with Apple pay or credit card now the fastest way to do that in 2024 is just going to be to use an app called moonshot that lets you buy meme coins with Apple pay or credit card I'll leave my partner link to go download that down below in the description now once you've downloaded moonshot and I'll literally do this live on screen for you guys all you're going to do is go to salana click buy you're going to input the amount that you want to buy I'll do $100 for this video and then you're just going to be able to swipe to buy salana on this app now in order to actually go and trade meme coins you're going to have to move this salana to your own self- custodi wallet called Phantom you can think of a phantom wallet as basically just like your own little digital crypto wallet wherein you actually control the funds entirely as opposed to hosting them on a big centralized exchange like coinbase I'm going to keep it very simple for the purposes of this video in order to get a phantom wallet all you have to do is is literally just go Google Phantom wallet you're going to be able to go to their site add it to Chrome it's very simple you just add the extension you're going to go to create a new wallet you're going to go to create a seed phrase wallet you don't have to use your email and when you make this Phantom wallet it's going to give you something called a seed phrase now you can think of this seed phrase as basically a string of 12 random words that you can use anywhere to recover access to this wallet you can use it to recover it on your phone if you download the Phantom mobile app you can recover it on any computer anywhere in the world it's literally the keys to your wallet if you lose your seed phase and lose access to your wallet you will never be able to get in again and if anyone gets access to it they can get full access to your wallet and all of the funds in it so be extremely careful with the seed phrase never write it down on your computer or anything backed up to the cloud at minimum put it on a piece of paper and hide it somewhere safe better yet put it in a safe better yet etch it into something that is not flammable and that will not be destroyed by water it's very important it's like the keys to your bank and there's nobody you can call to get access back if you lose this I sorry I just want you to understand this now in order to get one step closer to actually being able to trade mem coins you're going to have to send your salana from moonshot to this Phantom wallet in order to do that you're going to go to the salana address at the very top here you're going to click this to copy that address now in order to send that salana from moot all you're going to do is go to send you're going to input the amount of salana that you want to send to Phantom you're going to swipe to start you're going to click this little person logo to switch it to a wallet logo and then you're going to paste in that exact same salana address that you just copied from your Phantom I'm going to go ahead and swipe to send right now and here in just a second you will see it populate on my Phantom wallet okay so it's officially sent and you'll see it come through right now there it is now we have it on Phantom now guys you might be watching this noticing that you can trade some meme coins directly on moonshot which is great but the selection on moonshot is going to be pretty limited coins have to actually get listed on there and by sending it to your Phantom you unlock the ability to trade literally any coin as soon as it is created if you're wondering how I just directly pasted it from my laptop to the app on my phone that's because I have everything back up to iCloud and I can copy and paste directly from my laptop to my phone if you can't do that you can either write it down and then write it in or you can just download the Phantom app directly on your phone so that you can just copy and paste it directly from your phone it's super easy now to continue getting set up the next platform that we're going to need to get is one called Photon I'll leave a link Down Below in the description to go sign up for this tool it is simply the best and fastest mem coin trading tool and what everybody on the market is using to trade right now if you're not using Photon honestly you're just losing so you're going to go to that link and then you're simply going to come click the connect wallet button now if you're doing all this on Phantom mobile instead of on desktop like I'm showing you it's very simple I'll put the recording on screen right now all you're going to have to do is open up the Phantom app go over to the internet Tab you're going to copy the link to Photon that you see in the description of this video and you're going to paste it into the URL bar on the Phantom app and whenever you open it in the Phantom app like that you're going to see that same type a connect wallet button and be able to do the same thing that I'm doing on desktop right now for the rest of this video I am going to show it on desktop you can do all the same stuff on your phone so once you've connected your wallet to Photon you're going to go ahead and generate a private key make sure that you save this because you're going to be able to use this to recover this wallet anywhere and after that all that you're going to have to do is deposit that salana into Photon and you can start trading to do that all you're going to do is go to the wallet management button you're going to go to deposit you're going to enter in the amount of soul that you want to deposit in this wallet I have. 39 Soul so I'll go ahead and send 38 soul in to deposit I'll enter that number I will click deposit I will click confirm on my wallet that transaction will send it'll take just a second and in just a moment you'll see that this salana has landed in my Photon okay great now I have it in here and now I can go trade now before I continue guys if any of this is confusing bear in mind that inside my private Community Champs only we have extremely detailed guides for all this a full-time team to help you get onboarded with as much detail as you need and if you find any of this stuff challenging to do on your own you can just hop in our community and we help you get fully set up with that said the next thing that we need to go over is the settings that you need to apply to make sure that you are able to successfully and safely trade on photon so I'll go to settings here and I'll walk you through this here you're going to see S1 S2 and S3 these are basically just presets for your settings that you can click through but for all intents and purposes if you're new you really only need one of the first thing that you're going to see on your screen here is slippage this basically means the percent price difference that you are willing to accept whenever you click buy or click sell so if I had this set to 20% that means that if I click Buy on something when it is at 10 cents I would be okay with that buy going through all the way at 12 cents or all the way at 8 cents I personally like to keep my slippage very low at 2% I don't want my transaction to vary almost at all from the price at which I actually want to buy this asset now below this is a setting called Mev protection if you're using higher slippage I would recommend you have Mev protection on if you're using very low slippage you can get away with having Mev protection off although sometimes your transactions just won't go through and you're going to have to try multiple times now very quickly if you don't know what a Mev bot is or what MF protection is it requires a slight understanding of how blockchains work in general so when you are transacting on salana I. E you're buying and selling any meme coin that is built on top of the salana blockchain you are paying what is called a priority fee and a transaction fee I.

E if I go buy some random memec coin on salana I am paying a small amount of salana in order to make that transaction go through and the more fee that I pay the faster that transaction goes and to put it very simply what a Mev bot is doing is seeing your transaction as soon as you start it even though it only takes a couple seconds it is buying the same coin that you were trying to buy even faster than you by applying a very high priority and transaction fee it is pushing the price up so you end up buying the asset way higher than you wanted it to and then immediately dumping on you and what ends up happening is this I'll just use a random Char as an example you would try and buy it right here where my mouse is you'd start your transaction the Mev bot would push the price up all the way up to here you would end up getting a buy at $1. 70 and then it would immediately sell it back down to $160 so basically what would happen is that you would have just immediately lost money bought it for more expensive than it actually is and gotten farmed by this bot however if your slippage is set very low you can actually keep your smart MTH protection on fast but if you set this slippage higher like some more advanced traders who are trading really volatile assets do you're going to want to have this Smart M protection on for the purpose of my settings and how I like to trade you can keep it on Fast up next is your priority fee now I mentioned earlier that anytime you make a transaction on the salana blockchain you're paying a transaction fee and a priority fee and the priority fee is basically just an extra little bit of salana that you pay to make your transaction go even faster faster than other people that are also transacting at the same time now if we go look at the average priority fees being run on salana over the past 24 hours you can see that it usually hovers pretty low around 0. 001 but in some cases Spikes all the way almost to 0.

01 so I'm always going to keep my priority fee at 0. 01 without over complicating this this basically means that I always know that I'm paying a higher than average priority fee it's still a very small amount of soul but it's going to make sure that my transactions go through fast and then on the bribery fee I'm just going to go ahead and Di that up to 0. 003 just to try and incentivize those transactions to go even faster because speed is the name of the game now these presets down here are simply the amount of salana that you want to be able to press what's called quick buy buttons for I.

E just little fast buttons on photon to automatically adjust how much salana you want to buy this is going to be totally up to preference now for me I'm always going to have a one Salon button a two salana button I have a five salana button a 10 and then I have a 20 and a 50 which I don't use very often that's obviously bigger size now the next part of this tool where you're going to need to get your settings right and familiarize yourself is going to be the meme M scope tab now I've already made an entire other video explaining what this is what pump fun is the site on which all these tokens are launching what it means for them to graduate and migrate over to radium and I'll link that video down below if you haven't watched that as well so I'm going to assume that you know what meme coins are and what pump fun is but this is the tab on photon where you're going to be able to watch all those freshly launched tokens see which ones get enough buys to then migrate over to radium and there are quick buy buttons that you can use to ape into these tokens immediately as soon as you see them so I'm I'm going to recommend that you go ahead and set that to whatever amount of money you are literally completely okay with going to zero and losing because 99% of tokens don't even graduate from pump fund meaning they don't even get to a $100,000 market cap and then most of them go to zero anyway so this is really kind of actually this isn't even like playing roulette this is like playing roulette if the odds were rigged 99.