# I started a diary on memecoin's trading.

By [radic3](https://paragraph.com/@radic3) · 2024-12-01

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Initial Premise
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I decided to start writing a journal about trading memecoins. I was definitely influenced by the algorithm, which often shows me people flaunting astronomical profits online (real or, more likely, fake). So, together with a couple of friends, I decided to give it a shot. I've been in the trading world for 5 years, and more importantly, I’ve spent those 5 years studying narratives, technologies, projects, and tokens every single day.

Now I feel confident enough to say: _"Alright, let’s gamble a few hundred euros and see what happens."_ I contacted two friends, showed them what “crypto betting slips” are, and we started hunting for projects on Discord, each putting in a few dozen euros for fun.

First Attempt: Total Chaos
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As my first experiment, without any strategy yet, I literally opened pump.fun, picked 4 coins, and put $50 into each. I ignored the wallet for a week and then reopened it. The result? All four went to zero. A 100% loss.

From that moment, I decided to look for a more logical approach. After various studies and simulations, I realized one fundamental truth: traditional logic doesn’t apply to memecoins. Forget math and science; just have fun—but with some degree of strategy.

![](https://storage.googleapis.com/papyrus_images/1fca780987d8c4b9fcdd252cb862bb616565e893d81dc0d136ed384cacbd95d2.png)

My Criteria for Picking Memecoins
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After a month of observation and 10-12 simulated entries, I came up with my own logic for choosing coins. Here are my criteria:

*   **Ticker and image**: I avoid vulgar names or niche references. I prefer simple tickers and recognizable animal or meme images.
    
*   **Market cap**: I pick coins with a market cap between 100k and 3M—not too high or too low.
    
*   **Chart analysis**: I focus on accumulation areas and key levels rather than pure technical analysis.
    
*   **Number of holders**: I go for coins with at least 7,500 holders, preferably with a growing fanbase.
    
*   **Token distribution**: I avoid projects where a few wallets hold large amounts of tokens.
    
*   **Volume and transactions**: The more movement, the better—but I stay cautious of bots.
    

![](https://storage.googleapis.com/papyrus_images/8f502c23552f0340e29db6234c162ca53a34476d57deb5332c9844b5066359f8.png)

First Night of Real Trading
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One evening, a friend and I decided to dive in for real. Dinner, loud music, and… playful trading. We followed a simple criterion: enter based on gut feeling, but with small sizes.

### **Results of the evening:**

*   **Trade 1:** Entered with 0.5 SOL. The coin grew, then a sudden dip. I added another 0.5 SOL and sold at +77%.
    
*   **Trade 2:** Same technique, but the dip continued. Closed at -46%.
    
*   **Trade 3:** Invested 0.25 SOL and exited at +46%, seconds before a total collapse.
    
*   **Trade 4:** Complete rug, -103%.
    

In the end, we closed with 6 total trades and a final balance of **2.93 SOL -> 1.97 SOL (-0.96 SOL)**. Fun, but not profitable.

![](https://storage.googleapis.com/papyrus_images/ee6ac58237a08634ee018217f6c2b7aa5d32797b46de913dbdf7e5d6ab30c6dd.png)

What’s next?
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Despite the losses, this experience was helpful in refining my approach. I’m currently following a new coin that looks promising: zero dev holdings, a 10k fanbase, and a current narrative. I’ve invested 0.5 SOL, and so far, I’m secured my lost capital and fully recovered. I’ll update you in the next post!

![](https://storage.googleapis.com/papyrus_images/437488ffb142b0708ec6a686816753657125f1295f0c2246a163dd252fc37f03.png)

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*Originally published on [radic3](https://paragraph.com/@radic3/i-started-a-diary-on-memecoin-s-trading)*