Memecoins can make you a millionaire in just days. However, 70% of traders lose their deposits because they ignore trading rules. Here's how you can avoid that and potentially earn massive profits.
1: Donât Buy a Coin Blindly
Avoid opening Dexscreener and randomly buying top coins; there's a 99% chance you'll lose everything.
2: Use Filters to Avoid Trash Coins
I recommend using these filters to find hidden gems:
- Liquidity: Min $7-10k
- Market Cap: Min $30k
- Max Pair Age: 24-48 hours
- Min 24-hour Buys: 60
- Min 24-hour Sells: 40
- Min Transactions in 1 Hour: 60-100
3: Remember to DYOR (Do Your Own Research)
- Copy the contract address of the token.
- Move to [rugcheck.xyz](https://rugcheck.xyz) and paste it.
- Use @getmoni_io to analyze the socials.
- Check the risk analysis and the number of tokens in top wallets.
4: Buy Dips
Set the sniper bot's price alerts or limit orders to catch the deep. Buying on the highs can be a big loss or a long hold.
5: Avoid FOMO (Fear of Missing Out)
Fear of missing out can lead to rash investments. When you buy based on FOMO, you risk purchasing a coin at a higher price.
6: Donât Invest All Your Money into One or a Couple of Tokens
Allocate 10-15% (for example) of your deposit to trade memecoins. Invest only what you are prepared to lose.
7: Diversify Your Portfolio
Allocate 50% of your meme tokens deposit to low-cap coins (up to $10-20M) and the other part to middle and high-cap coins. This action minimizes your risk.
8: Explore Detailed Guides
As you explore these rules, check out detailed guides on catching early gems with Dexscreener.
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