🧱 Step 1: Set Up Your Phantom Wallet
Your wallet is your base layer.
Treat it like a vault.
Download Phantom (mobile app): phantom.com
Secure your seed phrase
Write it down
Keep it offline
Never share it
No screenshots. No cloud. No exceptions.
Fund your wallet
Tap Buy
Choose Solana
Purchase via MoonPay
For longer-term holds
Move assets to a Ledger hardware wallet for cold storage
If someone gets your seed phrase, they own your wallet. Period.
⚡ Step 2: Set Up Your Trading Terminal
Padre Terminal | Your Edge in the Trenches
The fastest and most reliable memecoin trading terminal.
When you sign up, the terminal generates a trading wallet for execution speed.
This wallet is used to place trades—but custody is still your responsibility.
Do not skip the next step.
🔑 Step 3: Export Your Trading Wallet Into Phantom
If you don’t control the keys, you don’t control the coins.
You should always manage your trading wallet inside Phantom, where you hold custody.
What this does
Keeps the same wallet
Preserves balances and transaction history
Ensures you—not the platform—control the funds
How to export
In the trading terminal, locate your generated wallet
Export the seed phrase or private key
Open Phantom → Add / Import Wallet
Import using the exported seed phrase or private key
Once imported:
The wallet appears inside Phantom
You retain full ownership
You are no longer dependent on any platform for custody
Never leave funds in a wallet where you don’t personally control the keys.
Your keys. Your coins. Always.
🔧 Step 4: Basic Setup
Before placing a single trade:
Set default slippage conservatively
Start with small position sizes
Use one wallet for trading, separate from long-term storage
These aren’t optimizations.
They’re safeguards.
🧠 Step 5: Mindset Before You Trade
This is not a casino.
It just looks like one.
You are reacting to narratives, not predicting tops
Missed trades are better than bad entries
Capital preservation > constant action
Early on, the goal is not maximizing upside.
The goal is staying in the game long enough to compound experience.
🚫 Common Mistakes
Most losses don’t come from bad tools.
They come from bad habits.
1. Overtrading
More trades ≠ more profit.
Clicking because you’re bored
Forcing entries with no clear narrative
Chasing every candle
Fix: Trade less. Be selective. Wait for clarity.
2. Chasing Green Candles
If it’s already vertical, you’re late.
Buying after multiple 5–10× moves
Entering because “it’s still going”
Letting FOMO override structure
Fix: Enter early or don’t enter at all. No exceptions.
3. No Exit Plan
Entry is easy. Exits decide outcomes.
No take-profits set
Holding winners until they round-trip
Panic selling dips, diamond-handing tops
Fix: Decide exits before you enter.
4. Ignoring Position Size
Most blowups are size-related.
Going too big on “high conviction”
Treating every trade like a moonshot
Forgetting you can always re-enter
Fix: Small size keeps you objective.
5. Mixing Long-Term and Trading Wallets
This is how portfolios disappear.
Trading from your main wallet
Clicking fast links with cold-storage funds
Exposing everything to one mistake
Fix:
One wallet for trading.
One wallet for holding.
Never mix them.
6. Revenge Trading
The fastest way to compound losses.
Losing a trade and immediately re-entering
Trying to “get it back”
Fighting emotions instead of the market
Fix: Step away after a loss. The market will still be there.
7. Confusing Noise for Signal
Most information is useless.
Too many chats, feeds, and opinions
Letting loud voices override your plan
Mistaking activity for insight
Fix: Fewer inputs. Higher-quality signal.
Final Reminder
You don’t need to trade every day.
You need to survive long enough to trade the right days.
Patience is a strategy.