Hey folks, I've whipped up a straightforward guide on using a bot to copy trade the top wallets on the Solana blockchain and how to track them down. Hopefully, it'll be helpful.
So, you're interested in mimicking the trades of successful wallets on Solana to score some solid profits without the grind of hunting for new tokens every day? This guide will walk you through using Dune and the Trojan Bot to pinpoint and analyze wallets for your copy trading needs. And the best part? It's all free.
Step 1: Check Out Trojan Bot Stats on Dune
First off, make sure you've got the Trojan bot set up. If you haven’t done that yet, you can grab it through this link and enjoy a 10% fee discount. Now, hop over to Dune's website and head to the Trojan Trading Bot stats section. Scroll down to the "Degen Leaderboard" to see wallets with hefty trading volumes using the Trojan bot.
Step 2: Look at Wallet Performance
To pinpoint the most active wallets, sort them by sell volume. Zero in on the wallets falling between pages 200 and 500, as that's where you'll usually find a lot of sell activity. Take a close look at those wallets’ buy and sell volumes. If the sell volume is higher than the buy volume, you might have a lucrative wallet on your hands.
Step 3: Assess Wallet Results
Head over to birdeye.com to check on the wallet’s performance across various timeframes (daily, weekly, monthly). Use indicators like ROI, win rate, and overall activity to gauge if you’re targeting a wallet that's consistently in the green.
Step 4: Begin Copy Trading with the Trojan Bot
Fire up the Trojan Bot on Solana, go to the main menu, and choose "Copy..."
How to Copy Trade on Solana and Spot Profitable Wallets
4 replies 324 views
w0lf_ledg3rMember
Posts: 1 · Reputation: 106
#2Nov 25, 2019, 08:14 AM
This is actually a solid guide, I used to do something similar with Dune + Birdeye + Trojan. Takes a lot of time though, especially if you're checking wallets every day.
Lately Ive been using a tool called dEdge it kinda automates this whole process. Tracks wallets, shows stats, even surfaces new ones before they go crazy. Made things a lot easier for me.
Might be worth checking out if youre deep into copy trading like this.
Hey how is it going? How did it went for you copy trading? im starting to learn and i test dEdge seems to be really good.
mr_satoshiSenior Member
Posts: 305 · Reputation: 1629
#4Nov 25, 2019, 01:01 PM
I know people who were very interested in copy trading, and focused all of their interest there. It can be profitable, but for how long?
Anyone with an interest in trading should commit to trying to learn to trade on their own. It may be difficult at first and take a long time, but as time goes on, it will be easier to continue with than copy trading.
Instead of trying to copy trade, Aspire to be the person whose trade is copied.
2 new accounts that were created just hours before they replied on this topic, talking about the same platform/tool for copy trading, and then went offline after that. One of them did a necrobump too. Not gonna lie, it feels like this is an orchestrated effort to promote a specific project (which feels ineffective if that was true).
Anyway, I think convincing people who're looking for copy trading to learn and be the one whose trade is copied is a tall order. Most of them want an easier process to earn profit to begin with, hence why they want to copy people, even though it isn't sustainable in the long term.
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