No jargon, no assumptions. Pick a step below and follow along — read it once and you'll know more than most people in the chat.
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A wallet is your bank account for crypto. Download Phantom (phantom.app) on your phone or as a browser extension, tap Create New Wallet, and set a password.
Solana ($SOL) is the money you trade meme coins with. Buy SOL on an exchange like Coinbase, then send it to your Phantom wallet address.
Every coin has a contract address (CA) — a long string of letters that acts like its unique barcode. Calls in our groups always include the CA.
Buying is just swapping: you put SOL into the coin's liquidity pool (a shared box of SOL and tokens) and get tokens back.
Market cap = every token in existence multiplied by the price. It's the size of the coin, and it's how you judge how much room it has to grow.
Selling is the same swap in reverse: you put tokens in, you get SOL back. Deciding this ahead of time is the whole game.
Most beginners don't lose money to bad trades — they lose it to scams. These rules cover almost all of it.