Thread by @DeFiMidas

How to make money trading without any trading skills?

It's simple - just copy the trades of whales!

By following their moves, I made $280K in a month.

Here's a complete beginner's guide 🧵👇

Today: copytrading

I believe it doesn't get the attention it deserves, despite its huge profit

Copytrading is a strategy where you find the wallet of a successful trader and then copy their trades

Now, here's how to find such a wallet and set up notifications 👇

Searching for a trader's wallet

✦ Go to: @dexscreener

✦ Select any token of your choice

✦ Go to "Top Traders" tab

✦ Analyze the most profitable traders

To analyze a wallet, use @solanasniffer

This site will show you how successful the trader is.

I recommend tracking wallets with these criteria:
✦ Win Rate ≥ 65%
✦ Realized PNL $300,000+

Setting up notifications

✦ Go to: @RayBot_sol
✦ Sign up
✦ Add the wallet you want to track

P.S. This is a Telegram bot, so you'll need to download Telegram if you don't have it already.

Checking Smart Contract

Before buying any token, it's crucial to check the CA to avoid purchasing a scam coin.

✦ Go to: @Rugcheckxyz
✦ Paste CA
✦ Click "Check"

Analyzing project's Socials

When evaluating a project, an important indicator is its social media presence.

✦ Go to: @TweetScout_io

✦ Enter the project's username

✦ Analyze the provided information

Quick buy/sell

Traditional transactions through DEX are not efficient for meme coins, so we will use a sniping bot

✦ Go to: @bonkbot_io

✦ Sign up

✦ Add funds

✦ Configure the bot to fit your strategy

My settings:

✦ Auto-Buy: Enabled

✦ Slippage: 40%

✦ Price Impact: 40%

✦ Transaction Priority: Very High

Conclusions

✦ Always remember the risks. Don't invest more than 1-3% of your deposit in meme coins, or 10-20% if your deposit is small.

✦ Approach your work with a clear mind, and try to keep your emotions in check.