My trading journey on how I ran up 1SOL - $1 000 000+PNL in under 2 years
I started trading with 1SOL on the 9th of May 2024. I went into the memecoin space with no connections / networks. I started by downloading X and searching up "memecoins" in the search bar and my goal getting into the space was trying to get into groups and find likeminded people.
So I did. The first day of getting into memecoins I got super lucky and joined a group and was able to find a group of trenchers who helped me out a lot. I was super blessed to get gifted a couple SOL from these fellow trenchers as I had 0'ed my port within the first week. Trading during 2024 was way more different to how it is now. You could simply buy literally any random cute animal ticker and literally print minimum 10x on any coin back then. I would sit in these chats for hours bidding 0.1's to 0.2's on random shitters and after around 2-3 months of trenching I ran up this 1SOL of mine to a port of around 50-100SOL.
The most important factor I learn't whilst trenching as a beginner with a small port is RISK management. The amount of people I know that have serious gambling addictions and always want to chase that loss / make it back is mainly the reason you will lose or rinse your profits in this space. Execution is a big factor. Coming into the space with a small port can make it difficult however you need to learn you can't come into this space trenching new pairs as 99.9% of the time you will get rekt, my advice is to wait for really good narratives or things with mindshare to bid which you can confidently "fullport" and hit a minimum 3-5x for easy gains to build your port up.
Fast forward into my 4th month of trenching this is when I started to get the hang of everything and I found my own strategy that worked for me. I had the skill of finally understanding whats a good coin to bid and would strictly stick to new pairs and bid at floor and continously sell for 2-3x. (Yes this is insanely jeet behaviour and I fumbled numerous runners, however this is what worked for me best)
With this strategy my risk to reward was incredible. I went months without any red days and was continuously making minimum 20SOL a day with upwards up to 40-50SOL consistently. Still to this day I still have the same strategy and you guys have to realise whatever is working for you is what you gotta stick to. The amount of people I see trying to switch up their strategies and revenge trading or trying to slam size and get rekt will ruin you.
If you are coming into the space right now I truly believe it is way more difficult then it use to be, however it doesn't mean its impossible to make it. As an average trencher without being a KOL or someone having motion in the space it is definitely possible to be making 10SOL minimum a day in these conditions which is well more then any average job, just by clicking a few buttons. Learn narratives, learn your style, and document what you do wrong and improve.
Hope this helped, leave questions down below I will answer
Pickmon stole one of Elpsy's designs, time to show them the recognition they deserve @ElpsyFake01
ExzciaxfaAte2ZnQ9qCfRbAhcRBQfCDSrDUXuqMWpump
https://t.co/UNZvAm1Qdh
20 months ago, I tweeted this out, I had less then 5 figures to my name, but one thing I did was never stop. A lot of people lose hope, get demotivated, but the people that win are the people that never give up. I was the regular trencher getting rinsed on chain buying with 0.05SOL a year ago and a bit. Thank you Solana and Pump Fun for changing my life.
Thank you God 💕
Meme coins were born for fun, but with the arrival of the trenches and pumpfun,that has changed.
Fortunately, in the recent weeks we've seen a return to the origins, and if that happens, trust me, it's much easier to make money by buying a coin and checking the chart once a day than by spending 12 hours on it and ape 100s of coins.
Most of the trenchers has blown their port in the last few months and all this people that has joined in the meme space with pumpfun have never worked their bag but they will be forced to do it or they won't make money,they will keep shilling and pvp for 100k toppers while the OGs and the bagworkers will print 10-100x more than them.