This is your main weapon. You shouldn’t trade on pump.fun or on the dexscreener from your wallet directly. All the best traders use bots as they are much faster and more convenient. The choice of your bot will directly impact the cost and speed of your transactions. I remember how I could miss 10x trades, because my orders didn’t fill in 20 seconds even when I paid really big fees. I switched to another bot eventually. So if you have any problems, switch immediately. Save your precious sol.
There are many good bots to choose from and I recommend test every one of them and choose the one that you like the most. My favorite bot right now is Nova https://t.me/TradeonNovaBot?start=r-3GDOLB9C. It is the fastest bot right now. It also have some bonus features like sniper. And it also has this special feature Nova click, so you can use it with any web bot like bullx or photon. I personally use Bullx Neo charts and Nova to execute trades. Never had problems with it yet.
The single most important skill every trader needs is reading blockchain. Without this skill you are basically gambling with closed eyes. But when you learn this skill, you can see clearly everything. You know, why certain coin pumped, why another coin dumped. You will also suddenly understand how rotten this space is and why it is really hard to trust anyone. But above all this one skill will allow you make insane amount of money.
Most of my time if I’m not actively trenching, I spend on https://solscan.io/. Here you can find all the transactions that happen on solana blockchain, so you know when certain wallets buy or sell. Also you can find wallets that belong to certain people you want to track. (Not the doxed wallets but actually good wallets nobody knows about).
When you find good wallets you use wallets tracker to notify you when they buy or sell something. I personally use Ray wallet tracker (in telegram). It costs 0,4 sol per month for 200 wallets. For me 200 wallets is usually enough. But if you can’t afford to pay sol for wallet tracker yet, I recommend using Bullx Neo wallet tracker. It is free and quite good. But for me telegram bot is just more convenient. Another great feature why I love this Ray bot it that it also shows sol transfers between accounts, while Bullx wallet tracker only shows buys and sells. Sometimes people transfer funds to new wallet and it is important to know, when they do this.
This is where you will find all of the info on every memecoin. Firstly, everyone use twitter to bullpost their bags, so you should follow big accounts to know what is happening. Also if you bought any coin, start bullposting it yourself. Secondly, every coin with dev or established has twitter account where all the info is posted. And finally a lot of big accounts like Elon Musk, Trump etc. can literally push a coin to millions mc just by posting a single tweet, so follow this accounts.
Telegram was much more popular before. Nowadays I almost never check coin’s tg. But I still in some channels. Main tg use is for alpha chats or something like this. Same thing is true about discord. There are several good discord servers, but most of my time I spend on twitter and not in tg or discord.
Also sometimes I use discord to find new coin launches, but be careful as most of the launches in discord servers are pump and dumps.
Other tools aren’t essential, but there are some tools that you should know about and use depending on your style of trading.