Topic: I quit binance futures trading and i do now only solana meme coins trading - page 2. (Read 380 times)

If you are already a professional trader, then I don’t have any problem with you going into future trading, you already have the appropriate knowledge and can manage your risk. But if you are new to crypto, don’t even try to go close to future trading because you can easily lose your money. Don’t think about the high profits when you trade futures, you should also think about the risk involved in it. You can lose the entire amount of money you are using to trade within a few minutes, so if you don’t have the appropriate knowledge, don’t go close to future trading.

It is obvious that you are euphoric right now, after several successful trades) But it will definitely end, since investing in a meme coin is just as risky as futures trading. Accordingly, no matter what type of trading you choose, you will need to use a risk management strategy, otherwise your deposit will be reset.

I agree, this is a huge risk. I also have memcoins in my portfolio which have several tens of millions of market capitalization and I am sure that I will make an even larger profit over time, than it is today. But there are coins that have much less market cap, and they brought me 20x and 10x in the first few days after the start. Of course, I understand that these were not very noticeable projects and I was just able to take advantage of the moment.

That's very risky. You only rely on trading meme coins which I think is much riskier than trading futures. What you are doing now is not trading, but more like gambling - you are just gambling your money on meme coins where the price is very volatile and at any time it can drop. If you still love your money, you should look for other sources of income with the money you have now. But if you feel confident enough with what you are doing now, that is your choice, but don't regret it if in the end all your money is lost in this meme coin trading.


Only a stupid person doesn't have a job but he wants to trade his money on meme coins like that, especially for people who are not educated. Because if you don't work, you should use the only money you have to find a job or start a small business. Trading meme coin has no guarantee that you can make money quickly from it - it is very volatile and if you make the wrong move, then all the money you have will simply disappear. Don't just ignore your rationality because you are looking for quick money from trading meme coins, be realistic and use your money as wisely as possible.

its good that you finally find something that you can make profit in, there's nothing wrong with trading meme coin as long as you know the risk carried with investing in some random coin with chance of rugpulls which fairly speaking can be mitigated easily by just observing the contract code whether it abide to the standard protocol and also finding out more about the meme coin but there's always chance that some of the meme coin creator are pulling some string to dump the meme coin when there's liquidity available in the LP draining them all in one fell swoop.
just be careful that the narrative might change, the meme coin trend might switch from solana blockchain to another blockchain nobody really know but usually after certain time it will switch.
so far seeing from dex screener there's indeed many meme coin still being generated and some of them are having good gains but you should also understand that the reason you can make profit in meme coin is because someone also losing in the trade probably buying the coin at peak which then become your exit liquidity same thing with future, its actually just the same thing different name only.

whether its meme coin or future trading in my opinion the risk carried is the same, you usually can find the same pattern like meme coin with new alts that just got listed where they are still in price discovery stage anyway.

Well, it's good for you if what you are doing is working out for you. Generally, when people get into trading meme coins, they tend to lose money because they invest in every meme coin they come across and they lose more money than they earn from these investments. 10x or more returns from a single project is a lot, one should be happy even if they get 2x from a single project since meme coins are extremely risky.

Those who are into futures trading can earn good returns as well but it all depends on how much knowledge and experience they have because you can only earn good profit from futures trading if you understand the market and its movements very well so that you can place your trades accordingly.

It’s surprising to me because i don’t see any difference between future trading and meme coins. The risk in the two is just too high. Just the way you said it, involving yourself in future trading and meme coins is just like gambling, you can either win or lose. I don’t know why someone will think investing in meme coins is better than trading futures, seriously, I don’t really encourage anyone to involve themselves in the two because I know the risk involved. But if I am left with the two options, then I will prefer to go into future trading because I know how to manage my risk in future trading.

Meme coins are mostly created just to scam people, most of them are just pump and dump coins, it’s always pump whenever there is hype, and then after people have already invested, they will end up dumping it.

This is a good decision of yours. As a small trader I think binance futures trade can only be done by whales. Because they have a lot of dollars. So they can add good liquidation. The market fluctuate so much that it is not possible to liquidate them unless the market suddenly crashes. So do real trade. Wait patiently you will surely get something good.
But I don't think it's good to trade with Memecoin. Memecoin does a lot of fluctuate. In particular, the spread of social media and the influx of small investors has boosted the market unimaginably. But at one time his hype decreased and investors started to leave. Just then those who hold lose a lot. A feature of Memecoin is that even if you want to do dollar cost averaging (DCA), it will not give you an opportunity to get out.

The OP didn't say everything, as if she had found a hidden gem but in fact she found a pile of crap in the trash. There is nothing certain about coin memes and OP feels 100% confident about being a coin hunter on Dexscreener. This is ridiculous because what is clear is that he is the long-awaited victim of meme coin scammers who are ready to withdraw liquidity at any time while the OP is asleep, the Solana network is the easiest place to do all that. compared to other networks. You could say it's a tradition every season, and you just have to look at the FOMO newbies without doing any research.

Are you talking about meme tokens that are on DEX and have a capitalization of only a few tens of thousands of dollars, a few hundred thousand dollars? And that's also what the OP is talking about. I don't invest in those high-risk tokens, I invest in meme tokens listed on top exchanges like Wif, Myro, Bonk...most of them are listed on binance, Gate...

If you are adventurous and know what you are doing, you can still invest in memes on DEX but I just want to advise you to only invest with a very small amount of capital and don't trust too much in someone's made 1000% profit from it. Most of the wallets that reap huge profits from those projects are developers' wallets and they make up stories to attract naive investors.

They will not pay attention to this, since they are ready to take risks in order to get a high level of profit. One way or another, some lose, while others earn, even if they deal with shitcoin.

Trust me, you will definitely have less worry about liquidation as with futures.

Instead you will have 100% guarantee that your Solana memecoins will never liquidate, they will go to almost zero without being zero.

People refuse to learn lessons about shitcoins.

It doesn't make any difference at all as both memecoins and future trading are equally risky which tends to provide huge profits or make your portfolio go zero anytime hence I don't see it making any real difference as both of them are same. Regardless, if you find SOL memecoins more easier and beneficial then go ahead and carry on with your profits as much as you can because these are temporary things.

I consider both meme coins and futures trading as gambling with the funds. The more risk is taken in both areas the higher is the return as well as there is a higher chance of losing the amount. I have never tried futures but I have invested in new meme coins. Some of them gave insane multipliers whereas someone didn't even last a day as they got dumped. I think it is better to stay away from both if you can't accept big loss.

Future trading is pure gambling. I do not recommend it to anyone unless they have experience and enough funds to recover their losses. Some people take excessive risks, like 10 to 20x, to get maximum profit. However, these risks are the main reason they get liquidated very quickly. Trading meme coins is not risk-free, either. No matter what meme coin you choose.

As logfiles said above, there are no support levels for the newly listed meme coin. Take Not, for example, a meme coin of TON backed by Telegram. They have airdropped 78% to the community, and the Not coin was dumped since it's listed on Top exchanges. Since it's a new coin, nobody knew where the dumping would end. It will be a dump because airdrop hunters want to cash their profit as soon as possible. But still, nobody can predict the support level of such meme coins.

You can't really compare lowcap memecoin trading and futures trading because both are far different things with different market dynamics; also knowing that the former is good if you have bigger amounts of money while the latter is only good for low amounts(because of the low spread and low liquidity).

How's the experience? Pretty sure that you're having a fun time because your speculation is much more riskier than usual trading since most meme coins have a really volatile market and you exactly don't know which one will have the most profit and hodling for a long-term profit isn't really a thing. I recommend that you should also participate in airdrops in prices because you will never if one of those airdrops might give you some more money to fund your trading or maybe even make you huge profits.

That's your decision, however if see potential with other options then don't hesitate to divert instead of risking with futures. We can't make it sustainable with futures when you can't monitor quickly the movement, many instances there's a possibility that you'll burn your asset when you can't set stop loss. Buying and sell options with meme coins could be a good options, but make sure your choices and decisions makings is nearly 100% profitable when initiating buy and sell order.

I tell you this 90% of memecoins are Ponzi schemes, i have actually seen people go on dexscreener and pick the top coins like you do to trade but that’s not how it is done. Firstly the people that engage in this things are called Degen traders; they are risk takers which have even more risk than trading to me. What most of them do is check the developer of the coin see maybe they have a record of getting out the best from their coins. They also check the trend and see if the memecoin correlates with the trend and they ape in. For the top or new coins which they don’t have prior information about, they look at the volume on the chart in dexscreener and then see maybe a whale makes a purchase and they ape in.

The strategy works for the degen traders but I warn you it is very risk. The whole process is a get in early and get out early. The secret from the whole memecoin trading is that they strongly have information from the developers before they proceed or they use the dexscreener volume chart

I tried also trading memecoins and almost everything I bought was a rug.

I went on Dexscreener and bought the new coins which are out for less than 1-2 hours, and 99% of them rugged within 6 hours.

Then I only bought the top 10-20 coins on the Dexscreener main page and still can't turn a profit. 50% of the coins I buy, go down 50% almost immediately and the rest maybe 2x or 3x and they go back to breakeven and I sell. Maybe you got some secret formula but it just doesn't work for me. Seems most of the meme coins are ponzi's. You only make money if you buy them early.