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: Don’t 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: Don’t 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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