A brief overview on how I trade these memecoins

Since they usually don’t survive for very long, I aim to cash out my initials at around 2–3x. The majority of these memecoins tend to softrug, blatantly rug or just die out after the hype. However some of them also have at least 2 pumps which I will now discuss.

The first pump is at the time of listing. Here is where you can make the most x’s within a couple of minutes. When you ape in at listing before the contract is out you have to be careful. Especially when you do this regularly as it is highly likely that you may ape in into the wrong contract which has been designed for you to be rugged. This is why I always verify at least the Contract before I buy in and look for the distribution and locked LP but that is not a warranty for the correct contract…

One thing you can do when you see the potential correct contract address with for example the https://t.me/NewPancakeSwapListings or https://t.me/DEXTNewPairsBot bot is, that you already setup to buy the token on Uniswap or Pancakeswap and than wait until the team shares the correct contract address.

I also use high slippage and at least 4x more Gwei than for “fast” transactions.

The second pump takes place most of the time when the project begins trending on Dextool (which is not a guarantee). When I notice that the buy pressure has decreased I sell majority of my tokens, leave a moon bag and move on to the next memecoin kek.

Since memecoins have no fundamentals and are highly speculative you should never invest more than you are willing to lose. I hope that this medium could help you a little bit.
Feel free to give me any feedback of your experiences and if you would be interested in any more write ups in the future.

Symba