Topic: I quit binance futures trading and i do now only solana meme coins trading - page 3. (Read 380 times)

As someone who engages in both, I understand OP's plight about binance futures vs Memecoin trading and why he prefers memecoin trading instead. My memecoin track record haven't been one of the best because I'm yet to do some on-chain sleuthing to know which project smart money wallets are apeing into next. But I've recently come into having plenty of time on my hands that I'm willing to invest in my memecoin endeavor. I'll send a dm to you OP.

Binance futures or any other futures network like Bybit's or OKX's still have plenty of opportunities. Just last week, I missed putting out a trade on NOT just a few days before it did a 130%. For 10x leverage, that's a 13x profit.

Good for you!

I've been dealing up with solana meme tokens for a while now but i do only able to hit up projects that do able to increase 10-20x on which this is something that i could count with my fingers.
Not all the time that you would really be seeing those projects who do have a good looking site and some LP locked will really be giving out an assurance that you do able to hit up the right project but its true that
tracking up some wallets on where you could really be able to at least assume that they would really be making one. It would really be a rinse and repeat thing on where if those projects didnt hit up a few multiplier then they would really be just simply create another one which would really be in line with the narrative.

Now, if we do tend to compare it out on futures trading then the risks is something that should really be that equal. The shit thing that you do able to experience on futures is that on the moment that you would be able to hit up that liquidation price then there's no way that you could really be able to take it back which unlike in trading not on futures which you could still get a hold of your coins if it goes negative.
The only shit thing that you could experience is that there's high chance that you would really be able to point yourself on rugged projects with those shit devs.

Trading with Dex is different from trading with futures as you can see we are trading with futures because we can lend from the exchange that we can use for trading if we have a small amount depending on your current capital you can multiply your capital by using the leverage.
I don't see more difference between DEX exchange it is just like the same as spot trading you just make a huge profit because Memes are too volatile without risk management that profit will also be turned negative if you keep them holding.
Memes are not good for the long term unless they have a strong community but still, I don't see any use for them when the Bitcoin price is in a bearish week you will notice they also drop a lot same when bullish so why not watch BTC too since most of the altcoin and tokens are dominated with BTC.
If you made a profit today then better wait again for a bearish week before your entry but the strategy of your is not always work unless you analyze the market and you know when to entry.

You're not greedy in that case but you're making 5x-10x and that's no futures, correct? If that is what makes you profitable then that's better. And if you have found the best way to trade through spot with meme coins, there's no need for you to get back to futures as many are quitting it then too. Continue where you are profitable and do not change the coarse you're going. Because many lives have been changed with futures and even they're experienced, they've actually quit the actual market and investing on it.

I don't expect you will have the same experience from your meme tokens with futures trading. I hope you have better luck with your memecoin.
but I just want to say that you can see many memecoins being born on the Solana network. it will just come and go because very few will last very long. it's like a community structured to create one pump meme and then a dump. and when finished they will go back to talking about new memes.

Now you enjoy it, but be careful when encountering a rug pulls project. We've seen quite a lot of memecoin projects that experience that.

It's good if you have found your trading market because you can make a profit. Not many people can search for a trading market that can generate profits. As long as you can still make a profit, you can continue, but be careful because you won't always be able to make a profit, especially if it's a Solana-based meme coin. It would be even better if the profits you get could be used to buy Bitcoin as a long-term investment to make even bigger profits later. The important thing is to be careful when trading meme coins.

It's true that Binance futures or futures trading takes time and is risky if someone does it with high leverage but it's still 10x better than meme coins trading. In meme coin world, only those can survive who study the market properly and have enough information about the project on which they invest their money.

I have seen many traders losing 10-30 Solana per day by investing in wrong projects. There are many new Solana presales on sites like Pinksale these days and if you give proper time to observe those then you will see that how investors are losing money by investing in wrong projects.

I know that someone who's good at meme coin trading can gain some profits with it but I would call it gambling instead of trading. If someone gambles on good project then he/she can have 2x-5x and even 10x profit if he/she gets early in a project, but in most cases the project are rugs and there are so many ruggers and jeeters who take out money of those who gamble on wrong projects. In the end it's dev's who make money with meme coins by rugging and jeeting on others.

This year, many people have put a lot of money into their wallet thanks to memcoins. But first of all, it must be said that this is not due to the exclusivity of a certain project, but due to the use moment. Memcoins need investment and the one who sells the tokens the fastest will win. But they can be sold without waiting for the peak. And I’m not talking about those memcoins that are market leaders mems.

I don't see much of a difference between investing in memes and trading futures, both of which are extremely risky ways to make money and more akin to gambling. Although I have also invested in some memes on Solana because I believe that this season, Solana will have a lot of interesting things and projects that bring huge profits can come from the Solana blockchain. But I consider this just a gamble, a speculation , meaning I accept the risk and am willing to lose that small investment of mine. And I don't think it's wise to focus or invest entirely on memes.

If you think making money and getting rich from memecoin is easy then I advise you to be careful with your choice . I think our long term investments should still focus on bitcoin and some of the top altcoins will still be better.

The same applies to meme coins too. It takes time to research, watch and worry about rug pulls. They are quite many, by the way.

There is no such thing as support levels, especially in newly listed meme coins, lol. Everything is mostly about speculation, FOMO, Pump and dump. If you don't follow the rules, you get burned

To trade futures it takes time and need to watch and a lot worry about liqutation.
Who ever made solana and Dexscreener its genius and im thankful for this opportunity.
Im trading meme coins i try to look support before entry in trade and make sure there is enough liquity locked burned and good volume and project have some website and Community then i entry usually i make now 5x-10x in 24hours Im not too greedy Because better to have constant profit.
But i also buy some good projects for longer wich i belive Will do good in future i have for longer holding crodie and gatsby i belive they are definately good projects then i have cat project wich will teach kids about crypto so those are my coins for longer hold.
On solana chain it's easy to find coins becouse you can track the wallets usually one successful project is connected another good coin so it takes just some decteve work tracking the wallets and txt on blockchain and Im good to go.
I wish more people learn this becouse right now it's allmost only income i have and unemployment benefits also i will be working until Im full pro with meme coins If you entry right time you could see coin price goes up like 1000% in few hours.
If you don't get too greedy then it's easy to make money also i like trading meme coins becouse a lot volatility and alot capital Are in Meme coins specially solana chain and cheap fees Also i like that i don't need watch btc price becouse meme coins world there is always movement never Boring and for unemployed and without education it's perfect way to earn decent money
I use jupiter it's best dex exchanger.