Hey friends! I’m excited to share the lessons I've learned in taking $100 and turning it into $10,000!
If you know anything about memecoins, you know it’s a wild ride—full of pumps, dumps, hype cycles, and (hopefully) some gains. But like any journey, it’s been a learning process for me.
I’ve gone through three major stages of growth that have completely changed how I approach my portfolio, and I think some of these insights might help you too!
Here’s the three crucial lessons I’ve learned since I started this rollercoaster ride.
Lesson 1: Learning to Sell
When I started trading memecoins, I wanted to turn $100 into more while developing a strategy to consistently win. Starting with a small amount let me focus on making smart decisions without worrying about large dollar amounts. Like poker, the goal was to prioritize good moves over outcomes, trusting that consistency would lead to long-term profitability.
Before this, I had experimented with platforms like pump.fun and lost all my Solana by getting dumped on. My key takeaway: I will get dumped on, so discipline is crucial. To enforce this, I set a simple rule: take 20% profit on any coin, no exceptions. This way, I wouldn’t hold too long and could lock in gains. Most importantly, I would learn discipline by following my rules.
“Who cares if you miss out on a 10x pump? You still have more than you started with.”
In November 2024, Clanker launched on Warpcast. The small community made it easy to monitor new launches, with 20–30 opportunities daily to buy into coins that hit $200K–$300K market caps before reversing. I jumped in early and followed my new rule: sell when I hit 20% profit.
It worked better than expected! Many coins showed profits within minutes, but if you waited too long, you’d become exit liquidity. It was perfect for building the habit of selling.
Of course, there were hard lessons too. For example, I took a 6% profit on Luminous ($LUM), a token launched via two AI chatbots, only to watch it skyrocket days later. My $1,300 investment could have been worth $10,000. Similarly, selling $CLANKER early meant missing out on turning $1,500 into $150,000!
Bummer, right? But here’s the thing: those were still good plays. Most of the other coins in my portfolio were worthless within days. Playing the odds worked.
Key Takeaway: Taking profit is never a bad move. Sure, you might miss out on a pump, but securing gains is a win. If you struggle to sell, try scaling out gradually—sell a portion at your target price and let the rest ride.
Lesson 2: Learning to Hold When I Have Better Information
Once I got better at selling, I realized there are times when holding is the smarter play—especially when you have an edge.
Memecoin markets are often driven by speculation. But if you have better insights than the broader market—like knowledge about a developer’s reputation, roadmap, or the community—you can confidently hold your position.
I learned this the hard way with $CLANKER. I sold early, even though I knew the developer was reputable, the coin was trending in the AI meta, and it had strong signals on Warpcast and crypto Twitter. I doubted my research and missed out on massive gains.
Now, I ask myself two questions before selling:
Do I have information the broader market doesn’t?
Is this a project I believe in long-term?
If the answer is yes, I’m more comfortable holding through the noise.
Key Takeaway: Trust your research and don’t let impatience stop you from seeing the bigger picture. But balance this with discipline—don’t get greedy!
Lesson 3: Learning to Identify Peaks and Rebuying to Maximize Gains
Once I mastered selling and holding, I began thinking more strategically about maximizing gains. This meant learning to identify peaks, take profits, and reinvest during dips.
Here’s an example: I bought into BankrCoin ($BNKR), developed by Deployer, a trusted developer with a track record of shipping great projects on Warpcast. The AI meta aligned perfectly, and I saw this as a long-term play.
Soon after, Bankless mentioned $BNKR in their newsletter, and my $1,000 investment tripled to $3,000. Previously, I would’ve sold everything and taken my profit. But I remembered the $CLANKER lesson—this project had staying power, and I believed in its future.
I decided to hold, knowing there’d be a pullback. While holding wasn’t a bad move, I realized later that strategically selling and rebuying during the dip could have grown my position significantly.
Here’s the math:
Buy and hold strategy:
Buy at $0.0001 with $1,000 = 10,000,000 $BNKR
Total $BNKR forever = 10,000,000Sell and rebuy strategy:
Buy at $0.0001 with $1,000 = 10,000,000 $BNKR
Sell at peak ($3,000) = 3x profit
Rebuy at dip ($0.00016) with $3,000 = 18,750,000 $BNKR
Total $BNKR after 1 dip = 18,750,000 (a free 8.75M coins!)
Key Takeaway: Learn to spot peaks and rebuy during dips to grow your position. It’s not just about profits—it’s about building your portfolio strategically.
This is where I’m currently at in my trading journey. I’m focusing on refining this strategy and learning to execute it more effectively. It’s a work in progress, and like any skill, it takes practice and constant adjustment.
I’ll continue experimenting with spotting peaks, timing dips, and building my portfolio strategically. As I keep learning and growing, I’ll share more updates on what works, what doesn’t, and any new insights I uncover.
Stay tuned—this journey is far from over!
Socials:
Warpcast: @daveshake
X: @tiltmode_
