Max Profit Copy Trading!
Last week I showed you the two best tools for copy trading on the Solana network. TradeWiz and Degen Wallet Checker. But tools are only one part of the equation to being successful and making those all important profits when it comes to copy trading. You now need to take those tools and create the right strategy for success. Most people seem to think if you find one great wallet then I can just set and forget and start partying on my yacht. Surprise surprise It doesn’t work that way and if it did I wouldn’t be sitting here writing this article to teach you otherwise.
The Best Two Tools for Copy Trading
A Choice of Copy Trading Strategies
Now I have a few of my own strategies that I have used over the last 6 months or so and I will say I lean more on the conservative side looking for consistent gains. Others and yourself included might be different and go for a more riskier strategy hoping for 5-10x gains per trade. Totally up to you how you want to play it and kudos if you are winning either way because that’s what we want to see in our Degen Meme Calls community. Recently in our premium community one of our most profitable members posted his copy trading strategy. Like me it is a strategy more on the conservative side but yet on a whole other level when it comes to the approach, discipline and executing such a strategy in order to make consistent profits.
Not only that if you are struggling to make profits and are on a losing streak then this strategy is a good lesson and will make you refocus and slow down the process and if you follow it the chances of you turning things around are quite high. So a big thanks to the money printer Mr Alpha for posting such an amazing strategy and allowing us to share it here in this article and video.
Speaking of the Degen Meme Calls community, I must say it is without a doubt the best meme call community to be a part of and I am not being biassed it just is. People are printing so don’t be shy and get on board you will not regret it, links are in the description below.
A Fool Proof Strategy
This copy trading strategy has 3 detailed steps to follow and I am going to detail and outline these steps the best I can. Now if you have any further questions after this video then the best place to find me and our profitable community members is inside the Degem Meme Calls premium channel. It is the best community with the best tools at the lowest price by far.
- Choosing the Right Wallet
- Testing the Wallet
- Trading and Scaling
Let’s dive in and detail each step so make sure you are ready to take notes.
Choosing the Right Wallet
Use these parameters to find the best wallets
- The wallet must have funds to trade with.
- Trading history not more than 50 days.
- ROI above 25%.
- Win Rate At least 68%.
- Avg. Investment: Less than 2 SOL
- Total Trades: Over 50.
- Buying Pattern: Less than 2 buys per token and more than 2 buys per day.
Next, analyze the wallet’s trades using its attached Excel sheet:
- Gas Fees: Buy/Sell shouldn’t exceed 0.002 each.
- Loss Pattern: No more than 5 consecutive losses, and losses should stay below 25%. If there are a few larger losses, check if the wallet recovered quickly with profits afterward.
- Trade Duration: Trades should last no longer than 1 hour.
Testing the Wallets
Test the Wallet Thoroughly
- Test your new wallets with small trades.
- Begin with 0.01 SOL and slightly higher gas fees (e.g., if the wallet uses 0.002 SOL, set yours at 0.003 SOL).
- Copy 2-3 trades. If any buy or sell fails (due to slippage, MEV, or gas fees), move on to the next wallet.
- Compare Results: If your profit/loss differs by more than 20% compared to the wallet you are copying, drop it and find another.
Trading and Scaling
Time to Trade for Real
- If the wallet passes the testing phase, gradually scale up:
- Begin with 0.1 SOL while closely monitoring entry and exit points.
- If the wallet consistently makes good exits, trust it and slowly increase your trades to a maximum of 0.3 SOL.
- If the wallet often sells too early or too late (e.g., selling at less than 50% profit when the token reaches more), set your own take-profit rule: sell 30% of your investment at 50% profit and hold the rest.
- If the wallet has 3 consecutive losses greater than 25%, stop copying and move on.
- SL is not in use for these wallets but that is your personal choice
Compare the Results
This shows that I am within that 20% profit/loss range of the wallet i am copy trading and is good to continue to scale up while performing with these results.
That about wraps up one of the best copy trading strategies you can find that will help you get started or even get you out of a rut that you might be experiencing as it can sometimes happen. For the full video watch it here. Remember to stay active and continue the hunt for wallets. The only way to stay consistent with copy trading is to be consistently hunting for new wallets. For further questions or help the best community for that is the Premium Degen Meme Calls Community where people are literally printing profits every day.
