Some first-week observations on Robinhood chain 🟢🏹📝

There’s a way to operate here and many ways not to.
At first I was going substantially into plays from my $1k starting balance. But since many are a few hundred k market cap when you find them, and saturation is now high, that’s not the play anymore.
So in a week I went from $1k to $2.5k. Some would say that’s not too impressive, and tbh it’s not, considering I peaked around $5k.
But here’s how I’m playing it now. I’m avoiding new launches unless conviction is extremely high. Most will not make it.
1) The plays worth getting into are ones at least a couple days old, which still have volume/liquidity and have proven themselves at least at a cursory level.
2) There must be mindshare. If I search a token and can’t see many people talking about it or most look like bots, I avoid.
3) This is crucial. Run every single ca through this tool: If it comes up as honey pot, unverified, LP not locked, ownership not renounced, but/sell tax or high concentration (above 25%) in top-10 wallets, hard pass.
4) If you see it come up in a call group or even an official X account mention, don’t FOMO. Run all your checks first and then enter SMALL. You can always add your full size later.
5) Once you hit 2X, take the initials out to secure your investment. Attention and narratives can pivot quickly.
6) If volume/liquidity dries up, attention has moved on and so should you. This is true for everything that’s NOT a high conviction play.
7) A prime example of this with $REPE, which hit $4M and then came back to sub-$1M. $HOPPY went to $4M and pulled back to ~$1M. Even if the lore feels insane, you will get a second entry almost every time.
8) Use Dexscreener and Gecko Terminal for a cursory overview of what’s trending and where the narratives are.
9) Think for yourself. If something seems overdone, it probably is. Don’t buy a new token that launched a few hours ago, when the OG version hasn’t gone away. You will end up buying the fake one.
10) Trade tiny size. I am comfortable putting in $50-100 on day trades, with more on confidence swings. But nothing too crazy. The flywheel kicks in after you turn a couple of those $50-100 into $300-1000.
I hope this helps! Feel free to add to my list. God bless 🙏