You don’t need to be a genius to make money. Here’s how I do it and how you can too. If you trade memecoins daily, you'll often spot the prefix "pump" in the contract address, indicating it was created on Pumpfun. Here's my successful trading process:
**Tips and Tricks:**
1. **Search for Tokens:**
- Always search for the token before purchasing.
- Be cautious of duplicates; look for a unique ticker—there should only be one.
2. **Verify the Developer:**
- Check the developer's profile and click on "Coins Created."
- If the developer has a history of scams, previous project comments will often say "scam" or "rug."
3. **Assess Allocations:**
- Review the developer's share; it should ideally be 0% or between 4-6%.
- Be wary if developers buy a large portion—they may use it to manipulate the token.
4. **Avoid Live Stream Tokens:**
- Developers promoting their token via live streams are often scams.
- 95% of these tokens end up being rugs.
5. **Check Social Media:**
- Telegram: Observe community reactions and promises from CTOs/devs.
- X (Twitter): Look for additional community engagement and feedback.
6. **Manage Your Risks:**
- Only invest what you can afford to lose.
- Develop a personal strategy for identifying and trading tokens.
7. **Start Small:**
- Initially, invest a small amount, like $5-10.
- This allows you to learn the process without risking much capital.
8. **Practice and Learn:**
- Test your strategies on paper before engaging in actual trading.
- Hard work and continuous testing will lead to experience and success.
**Final Advice:**
- Always do your own research (DYOR) and approach investments with caution.
