How I Make $100/Day Trading Meme Coins While I Sleep

Handsome Finance
31 Jan 202413:32

Summary

TLDRThe video discusses strategies for trading meme coins and making profits, even while being inactive. It introduces three levels of expertise: beginner, advanced, and expert. Beginners are advised to use tools like DEX to identify new coins before they appear on major platforms. Advanced users automate trading with bots, while experts copy successful traders' moves. The host shares personal experiences and emphasizes the high risks involved. The video aims to educate viewers on leveraging meme coins for potential profits, especially during bullish markets, with a humorous, laid-back tone.

Takeaways

  • 😎 **Trading Meme Coins Can Be Profitable**: The speaker brags about making 100% returns from trading meme coins and mentions others who have made even more.
  • 💡 **Strategy is Essential**: Despite the seemingly random nature of meme coins, having a strategy is crucial for success.
  • 🌐 **Automated Trading**: The speaker operates in an automatic mode, implying that they don't need to actively trade to make profits.
  • 📈 **Three Levels of Trading**: The script outlines three levels of trading: beginner, advanced, and expert, each with its own strategies and potential gains.
  • 🔍 **Beginner's Tools**: For beginners, tools like CoinGecko or CoinMarketCap are mentioned, but the speaker advises looking for opportunities before these platforms list the coins.
  • đŸ› ïž **DEX Tools for Gains**: DEX tools are recommended for tracking gains and identifying potentially profitable meme coins.
  • đŸ“± **Smartphone Trading**: The speaker mentions the convenience of trading from a smartphone, suggesting accessibility is key.
  • đŸ€– **Bots for Advanced Trading**: For the advanced level, using bots like Unibot on Solana is suggested to automate trades and manage risk.
  • 🔎 **Expert Level Screening**: At the expert level, the speaker uses screeners to identify high-performing pairs and follows the 'smart money'.
  • 📊 **Copy Trading the Smart Money**: The speaker reveals a strategy of copy trading, where they follow the trades of successful traders to profit without much effort.
  • đŸ€« **Secret Boss Strategy**: There's a 'boss move' strategy that the speaker is not ready to disclose publicly, indicating there are still undiscovered opportunities.

Q & A

  • What is the main topic of the video?

    -The video discusses strategies for making money by trading meme coins at different levels of expertise, from beginner to expert, and emphasizes using bots and tools to automate trading.

  • What are the three levels of meme coin trading mentioned?

    -The three levels are beginner, advanced, and expert. Each level involves different strategies and risk levels when trading meme coins.

  • What tool does the speaker suggest beginners use for meme coin trading?

    -The speaker suggests beginners use DEX Tools, which helps track gains and find new meme coin pairs that have not yet been listed on popular platforms like CoinGecko or CoinMarketCap.

  • Why is it important to trade meme coins before they are listed on platforms like CoinGecko or CoinMarketCap?

    -Trading meme coins before they are listed on platforms like CoinGecko or CoinMarketCap allows traders to get in early, potentially making significant profits before the coins become widely known and traded.

  • Why does the speaker recommend using bots for advanced meme coin trading?

    -The speaker recommends using bots for advanced trading because the meme coin market can change quickly, and bots can automate the buying and selling process, preventing traders from missing out on opportunities due to slow manual actions.

  • What is the name of the bot mentioned for trading on Solana, and why does the speaker like it?

    -The bot mentioned is Unibot on Solana. The speaker likes it because it is user-friendly, automates trades, and offers additional perks like airdrops.

  • What is the key strategy for expert-level meme coin trading?

    -At the expert level, the key strategy is to copy trade smart money by tracking successful traders' moves and following their transactions automatically.

  • How does the speaker automate their trading to make money while sleeping?

    -The speaker automates trading by following smart money traders using copy trading, allowing the system to buy and sell meme coins based on the traders' actions without the need for manual intervention.

  • What does the speaker mean by 'smart money' in the context of meme coin trading?

    -'Smart money' refers to traders or investors who consistently make successful trades, often getting in early on profitable opportunities. The speaker follows their trades to benefit from their expertise.

  • What is the speaker’s advice regarding the capital to invest in meme coins?

    -The speaker advises not to invest large capital in meme coins, as the market is highly volatile and risky. They recommend starting with small amounts, especially for beginners.

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