The Ultimate Guide to Trading: How to Smartly Track Smart Money?

Author: Dami-Defi

Compiled by: Deep Tide TechFlow

In the cryptocurrency field, working smart is often more effective than working hard. This year, I specifically allocated a portion of my funds to copy trading large investors. I studied their strategies, automated trading bots, and secret tools.

Through copy trading, my funds grew from $300 to over $300,000, and the process was surprisingly simple.

Here is the detailed ultimate guide.

The market offers various tools to track the movements of the best traders, allowing you to simply copy their trades and profit from them.

It's so straightforward that you might think it wouldn't work at all. But the fact is, making money doesn't have to be hard work.

VanEck recently applied for a SOL ETF, and we can see companies like BlackRock doing the same.

This means the Solana ecosystem is about to awaken, and memecoins will explode everywhere. Now is the best time to track whales and discover the next $WIF before 99% of the market.

What skills should you hone?

1. Proper risk management

2. Finding and analyzing profitable wallets (tools)

3. Setting up your trading bot

1. Proper risk management

Memes are a high-risk investment, and they can easily drop to $0. You need to identify, assess, and control potential losses.

In general, do not invest more than 2% of your meme portfolio into a single coin.

However, if your portfolio is smaller, you can increase risk appropriately, provided you conduct thorough analysis.

Be decisive when taking profits.

• At 2x returns: take partial profits

• At 3x returns: take partial profits

• At 4x returns: take partial profits

• At 5x returns: keep some as a "moon bag"

A "moon bag" gives you the chance to achieve over 100x returns.

2. Finding and analyzing profitable wallets (tools)

@dexscreener

• Go to dexscreener.com

• Filter tokens by market cap, price change, and new pairs

• Click on one of the top-performing tokens

• Under its chart, click the "Top Traders" tab.

@solanasniffer

Next, we analyze these top traders. Pick some of the most interesting ones you can find, preferably those who turn small amounts into large profits.

Save traders with a win rate of ≥65% and who have realized profits or losses of over $300,000.

@RayBot_sol

• Now that we have filtered the wallets we want to analyze, we will monitor them.

• This bot will keep you updated on the latest trades from the wallets on the list.

@Rugcheckxyz

Scammers will try to steal your money, so you need to be extra cautious.

• Go to rugcheck.xyz

• Paste the token address

• Only deposit money into the token when it is marked as "Good"

The power of a meme depends on its community.

Using @TweetScout_io

• Identify coins with high trading volume

• Check the growth of the number of holders

• Evaluate TG and Twitter activity

• Assess the engagement of KOL promotions

@bonkbot_io

• The last tool needed to complete the setup for copy trading is a good sniper bot.

• Timely and quick execution of trades is crucial to maximizing your potential.

• Most importantly, you need to configure the bot correctly.

3. Setting up your trading bot

You can copy my sniper bot settings:

• Auto buy: enabled

• Slippage: 30%

• Price impact: 50%

• Trade priority: very high