One memecoin can actually change your life in just 24 hours.
How to turn 0.1 $SOL into 150 $SOL? Find insider wallets!
Step-by-step guide to building a copy-trading strategy🧵👇
→ Introduction
• Copy trading is the most popular and easiest type of memecoin trading
• All you need to do is just find successful insiders
• In order to find really good insiders, you need to have a good strategy and analysis
‼️‼️‼️
1/ The tool
• The best app for finding wallets is GMGN
• gmgnai is an artificial intelligence-based platform that scans millions of wallets and makes this data available.
• GMGN is very convenient, because on one platform you can search for wallets, analyze trades and even trade yourself
2/ GMGN
• Go to gmgnai
• Go to the “New Pairs” page
• Also filter the information:
• With at least 1 social network
• Top 10 owners
• Macro: minimum 100k.
• Liquidity: $20 thousand
• 1h TXs: 200
• Owners: 200
• When you find an interesting wallet, also go to the memecoin page and select “Top Traders” to find smart wallets.
3/ Checking security
• When you find interesting memecoins, check their security
• Go to @Rugcheckxyz and check the address
• Then check the distribution of tokens and connections between wallets on @bubblemaps
• Also check how interested and active the community is
4/ Analysis of selected wallets
• Once you find an interesting wallet, analyze it:
• The winning percentage of its PnL and the number of transactions
Choose wallets with a winning percentage of 40%+ and 7D PnL over 50% with less than 200 trades.
• Trader's balance
As simple as it may sound, choose wallets with a large (or medium) balance, because traders with a small balance either trade very rarely, or are not very good at trading or are just learning.
• Trading strategy
Analyze how a trader trades, when he buys and when he sells, traders without a strategy - red flag
Did you consider this post helpful? Don’t forget to like & follow me 💸#BitcoinETFOptions $BTC
