I Lost $12K on Memecoins Before I Started Making Money. Here’s What Changed.

[Jeetdrops]

I'm not going to pretend I had a plan. I didn't.

Started trading memecoins late 2024. Solana was ripping. Every day some new dog coin doing a 50x, screenshots everywhere of people flipping $200 into $40K. So I jumped in like an idiot.

First month I made money. Second month I gave it all back plus some. Classic retail arc.

The problem wasn't the market. The problem was me. Aping into stuff based on Telegram calls, Twitter hype, and vibes. No system, no edge. Just gambling with extra steps.

Here's what actually changed.

**I stopped chasing and started tracking wallets**

Biggest shift. The guys making real money aren't sitting in Telegram groups waiting for calls. They're tracking wallets. Specific wallets.

I started using Cielo and GMGN to follow wallets that were consistently early on winners. Not influencers wallets. Big difference. When you see the same wallet buying into 3 tokens early and 2 of them do a 10x, that's a pattern worth following. When an influencer tells you to buy something, you're the exit liquidity.

**I set rules and actually followed them**

Took me losing real money before I did this.

- Never more than $300 on a single play
- If it 3x's, pull initial out
- If the chart looks like a pump and dump, it is one. Walk away
- Don't buy anything older than 24 hours unless the chart is structurally clean

Nothing fancy. The hard part isn't knowing the rules, it's not breaking them at 2am when something's pumping.

**I started checking contracts before buying**

Yeah, groundbreaking. But I used to just buy whatever was trending without even looking at the token contract. Now everything goes through RugCheck first. Takes 10 seconds and filters out the obvious honeypots and rugs. It's not perfect but the number of times it saved me is embarrassing to admit.

**I built a morning routine**

Every day before I do anything:

1. Check what smart wallets bought overnight
2. Look at what's trending on DEX Screener with real volume, not wash traded garbage
3. Scan for new narratives forming on CT

I pull most of this together through Jeetdrops so I'm not juggling 15 tabs. Shortlist 2-3 tokens max. If nothing looks good, I don't trade. Hardest lesson I learned sometimes no trade is the best trade.

**I accepted that most plays go to zero**

Sounds depressing, it's actually freeing. Once you accept 7 out of 10 plays lose money, you stop trying to be right every time. You focus on sizing and taking profits instead.

One 10x covers a lot of -80%'s. But only if you actually sell. Which I didn't for an embarrassingly long time.


I'm not rich off this. Not posting PnL screenshots. But I went from bleeding money weekly to being consistently up over the last few months. Wasn't some alpha group or magic indicator. It was getting disciplined about the boring stuff.

If you're starting out: track wallets, check contracts, set rules, take profits.

Nobody ever went broke taking a 5x.

[BitMaxz]

Memecoins are risky, plus the site you provided is broken; you might need to edit it.

I don't think this is an ultimate guide for meme. I don't recommend trading with Meme because it's too risky to trade. Your strategy will work, but it would be better to apply it to coins that have a use case than Meme, which is built for pump and dump.

Memes are very hyped during BTC bullish periods, but these days I don't think you can find a good meme nowadays.

[Bitcoin_Arena]

I did some experimental trades on memecoins earlier last year. All I can say is it's a wild, wild west over there. Probably 99% of the tokens launched are just planned rug pulls. Checking the smart contract for red flags is a must but even then, there is no guarantee that the token won't dump within a few minutes of launching

The classic rule is to make profit and get out as soon as possible. If you try to become greedy and hold on for too long, you will end up getting depressed all the time. GMGN was one of my favorite tools.

[yhiaali3]

It's good that you learned your lesson, even if you're a little late, but as the saying goes, "better late than never."

It's good that you discovered the trick used by those promoting meme recommendations, which, as you mentioned, is, "When an influencer advises you to buy something, you're the cash cow." Yes, this is the painful truth that beginners are unaware of, making them easy prey for these scammers. They see the huge profits before them and their mouths water, but they don't realize they are the victims these scammers are using to reap their profits.

[Jeetdrops]

Memecoins are risky, plus the site you provided is broken; you might need to edit it.

I don't think this is an ultimate guide for meme. I don't recommend trading with Meme because it's too risky to trade. Your strategy will work, but it would be better to apply it to coins that have a use case than Meme, which is built for pump and dump.

Memes are very hyped during BTC bullish periods, but these days I don't think you can find a good meme nowadays.

Sorry about that brother. I fixed it.
And yeah i totally agree with you.

[michellee]

Greediness makes you lose everything so that is the lesson you must remember. If you make a profit, you should controlling your emotion because your greediness can increases and makes you hard to thinks clear.

Your minds will telling about the opportunities to make money but you will not research instead just follow others suggestion and that is common mistakes happens to people and makes them just lose money.

It seems you learned from your mistakes and trying to move on, only few people can introspect the mistakes they make and learns it and fix it. No need to worry if you makes mistakes because you can learns that.

[DPHOR]

Memecoin is one the easiest way to lose money in the crypto space. The thing is you never can really predict when they gonna dump on the market or even pump it higher than expected.
Sometimes those who trade on memecoin only invest into the space during their seeding or Token Generation Event (TGE) only then they would hold it and whenever they are listed on Centralized exchange or Decentralized exchange you those who ventured the market earlier on time to have their entire bags dumped on the market on those who are rushing to buy it when it got listed they wouldn't know that they are being dumped on worthless coins. This is the reason why most people not like gambling with altcoin because it would lead to extremely volatile where you can't really detects or predict how the market should be going, especially that of memecoin. These are reason why most people just love buying Bitcoin than altcoin because the high rate of volatility.

[Strongkored]

Your suggestion sounds good, but for me, you only want to promote your website, and no matter how good and careful you are in trading memecoins, the risk of loss is still very high, because this coin was created to enrich its creators and the big holders because they know when the coins will be dumped, unlike retailers who only try to predict, so a better advice is to stay away from memecoins unless you are prepared to accept the risks.

[hostm]

I remember a story about the famous memecoin Pepe. Someone accidentally bought millions of Pepe coins at the launch. But he wasn't allowed to sell them. His wallet was simply blocked in the contract.

[YOSHIE]

I Lost $12K on Memecoins Before I Started Making Money. Here’s What Changed.

What an unlucky day and annoying situation $12k floated in trading in the crypto market, this is already above average risk.

That is why carrying out trading activities must be accompanied by a mentor, at least you will get guidance and direction on the best types of crypto and have the opportunity to profit in trading. Memecoin is indeed a disaster, those who think long-term will think 1000 times about trading with Memecoin, the current crypto market situation is unstable.

$12k is really a bad adventure in crypto trading, OP this is experience and a lesson for you, when trading crypto avoid Memecoin, it's not a good choice.

[The Cryptovator]

I'm not going to pretend I had a plan. I didn't.

Started trading memecoins late 2024. Solana was ripping. Every day some new dog coin doing a 50x, screenshots everywhere of people flipping $200 into $40K. So I jumped in like an idiot.

First month I made money. Second month I gave it all back plus some. Classic retail arc.

The problem wasn't the market. The problem was me. Aping into stuff based on Telegram calls, Twitter hype, and vibes. No system, no edge. Just gambling with extra steps.

Unless it's an informative thread, try to make it short, because it's hard to read the whole thread like this that is not very informative. However, I was never a meme lover. Had invested a small amount in Dogecoin and got some profits; then I am out from the meme. I saw a lot of people make a lot of money from memes, but it didn't inspire me to invest. I don't know why, but I am not a fan of meme tokens that pump for a while then dump hard, where investors lose a lot.

Even I haven't lost in memes, but lost in some shitcoins. So I have also learnt a costly lesson in my life, so now I invest carefully. If you follow so-called Telegram and Twitter posts and can't analyse or decide for yourself, then it's hard to make money from the market. Trading isn't so easy, or it's not any money-making scheme. However, you still need to learn a lot; be active here and learn.