Good Wallets for Copy Trading
What are good wallets?
Good wallets = can profit when copy trading.
Good wallet requirements
I made more than half a million dollars in 6 months with copy trading, and I will explain the requirements for good wallets based on my experience. However, it’s just my opinion, and there are also many other ways to find good wallets for copy trading. (Disclaimer: This is my personal result based on timing, experience, and market conditions. It does not guarantee or imply that others will achieve the same results.)
ROI
The most important thing when finding wallets for copy trading (more valuable than win rate). Obviously, higher is better. At least 40% ROI is recommended.
Win rate
When I first started copy trading, I only focused on high win rate wallets, like 70% or more. But that wasn’t a wise choice. Trading is about profit in the end. A single high ROI trade can easily make up for a lower win rate. So, you don’t have to care too much about win rate.
Number of tokens traded
You will soon realize that there are many weird wallets that trade thousands of tokens daily. Don’t even think about copying them. You will lose money very quickly.
Good wallets do not necessarily trade many tokens. They sometimes trade only a few tokens weekly or even less. You can still consider wallets that trade many tokens daily, but always check their ROI, hold duration, and other factors too.
Hold duration
You will also see a lot of wallets like below.
7d ROI: 70%+
7d Win rate: 60%+
Tokens traded daily: 50+
And most of them will come with this, too.
Token hold duration < 10 seconds
Do not copy trade them. You might win a few times at first, but then you will lose them all soon. They usually use node trading bots. (They are also monitoring; they will find out that you are copy trading them, and they can farm on you any time soon.) It’s an expensive setup for beginners, and it's better not to try it even if you can afford it. You need to learn and build experience first.
* Cost for a node trading bot setup
- A decent node trading bot starts from $5,000 one time + monthly renewal or transaction fee
- You need a node to run it, and a node starts from $3000 one time + monthly renewal fee (They even purchase and stack multiple nodes to buy in faster)
- You need a high-spec VPS or a bare metal server to run the node trading bot, which costs at least $200 monthly
I would say at least $10,000 for initial setup costs if you want to compete against the other node trading bot users (Yet, it doesn’t guarantee any profit if you don’t know what to do).
There’s also a cheaper setup, but it might not be worth it because even the 0.01 second matters when it comes to that type of trading.
Furthermore, the free Telegram bots’ speed is getting faster and faster nowadays, so you might even lose to those free Telegram bot users if you use a cheap setup.
A harsh fact is that many node trading bot users are actually making no profit, while many free Telegram bot users are making six figures monthly. (Of course, the opposite cases exist as well.) The point is you don’t need a big fortune to start this, but it’s more about strategies.
Hence, we will start copy trading with a free Telegram bot in this guide. It’s more than enough for beginners and many advanced traders, too.
Ok, so when it comes to the hold duration of the target wallet, it’s recommended to copy trade wallets with at least 10 minutes or longer token hold duration.
Number of buy and sell transactions
Fewer buy numbers and more sell numbers. It will guarantee your profit when your target wallet makes a profit.
Ideal buy numbers: 1 or 2
Ideal sell numbers: 3 or more
It’s a good trading style to copy trade because this behaviour means the trader might be an insider or a professional trader with strong conviction towards the token.
On the other hand, there are many wallets that trade like Buy 1 / sell 1 / dump in 10 seconds.
What happens if you copy trade them is that they make a profit, and you lose money in the low market cap tokens. Because the low market cap token (like 5k market cap) price moves up and down easily with a small amount of funds.
So, even if they are a high ROI trader with more than 70% ROI, sooner or later, they will start farming on you for 20% or even less ROI once they realize that they have enough number of copy traders (They often like to wait for many copy traders for bigger farm profit).
They can simply do that by buying any dead tokens with a 5k or less market cap and dumping them all in 1 second.
When they buy dead tokens with 5 SOL for example,
- the token price goes up instantly and dramatically
- all the copy traders buy it for a much increased price
- they will sell it all at once (nuking the chart)
- they make a profit on the copy traders
- copy traders sell it all at the dumped price.
A.K.A.
= You were farmed
= You were nuked
= You were dumped
= You were their exit liquidity
Always! Move your profit to another wallet and do not leave too much Solana in your copy trading wallet.
This is why it’s very important to check the trading patterns before you decide to copy trade any wallets. And also remember that any legit traders can turn into dumpers if they want to.
Current Balance
You will sometimes find wallets with very high performance but with 0 current balance. So, you are not sure if they moved to another wallet or if they will come back and use the same wallet again.
Indeed, many good traders frequently switch to new wallets, but there are also other good traders who keep coming back to their wallets.
You can guess if that’s the case by checking their funding habits. There are actually many traders who fund SOL only when they want to trade. They often leave repetitive patterns such as funding SOL amount, funding frequency, funding source (CEX or private wallet), number of tokens traded, and so on (Cielo is a good tool for this purpose).
Wallets with previous trade history also have a chance to come back for more trades.
For example, if there’s a wallet like below
Current balance: 0
Recent trade / 1d / ROI 2,500% / Profit $5,000
Last trade / 30d / ROI 3,500% / Profit $7,000
It might be worth tracking and copy trading the wallet even if it has no current balance. Good traders often do this because they don’t want to be copy traded or for other reasons, like bundling.
What are bundling or bundle tokens?
Bundling is launching tokens with many wallets for rug-pulling purposes (Do not try it; it’s illegal). They launch tokens with a dev and sniping wallets, and buy a considerable amount right after launch. And then, they nuke the chart by selling it all together when they want to exit. They also operate with volume bots sometimes to manipulate the token price over time and make it look natural.
Target wallet’s buy amount
I’d say 0.2 to 2 SOL buy of the target wallet might be a safe range to copy trade. But you will find your own sweet spots as you experience more.
It’s risky to copy trade if the target wallet buys in with a big SOL amount in the low market cap (low liquidity) tokens (explained earlier in the ‘Number of buy and sell transactions’ section). Yes, you might get nuked.
However, a big SOL buy in the large market cap tokens (like 5 million or more market cap tokens) is a different story. It is possible to copy trade big buy wallets depending on other factors.
There are actually many whale traders who often buy in, like more than 50 SOL at a time. You can copy trade those wallets because even the 50 SOL buys don’t f luctuate the price much in the large market cap tokens.
Yet, always check other factors, too, like hold duration and buy and sell patterns, to make sure that it’s a safe wallet to copy trade.
Your buy amount
I definitely recommend starting with a small SOL buy amount. I started with a 0.2 SOL buy, but it can absolutely be 0.1 SOL or even less.
You have to learn and experience first before playing it bigger. And also, you can still earn a decent profit with a small SOL buy if you have the right wallets in your copy trading list (like $1,000 and more profit from 1 token).
Hence, try to test and learn as much as possible before increasing the buy amount. You will get more confidence when you start winning often. Later on, I increased the buy amount up to 1 SOL for each token, but I saw many other copy traders who buy more than 5 SOL and generate massive profit consistently. So, it’s all about your skill and capability. Go with what you are comfortable with and you can afford.
Your stop loss
One of the regrets in my copy trading was that I didn’t set any stop loss. I wanted to see how target wallets sell tokens (because when the target wallet sells, my copy trading bot also sells). Most of them did well since I already chose good wallets only. But some of them didn't manage their tokens after purchase. So, it went down to like -80% or even -90% if they bought the wrong tokens or they farmed on me on purpose.
You never know what’s going to happen. There’s no such thing as 100% in the Solana meme coin trading. So, it’s better to set up a proper stop loss. 35% to 55% might be a good range for stop loss since you kind of trust your target wallets already. But once again, you will find your own sweet spots.
Your take profit
Obviously, a multiple take profit strategy is better.
This is the TP setup I have used for a long time.
Both tables are the same TP setup. I showed in 2 versions because the take profit settings can be different by bots (sell of initial or current position).
The good thing about this setup is that you can get back your initial investment at 500% token price, and you still have 65% of the token amount you bought. Once the token hits 500%, then you can just watch it comfortably, how it goes for a potential big profit.
You might think ‘How many tokens could possibly hit 500% that easily?’ It will actually happen quite often because you will choose only the good wallets based on the factors explained above.
Honestly, I would say that 20x, 50x might not happen that easily, especially in the bear market. But, the 5x tokens pop up many times daily in the Solana meme coin trading (very different from the stock and forex market, and even the CEX market).
I also turned on the ‘sell with the same portion when the target wallet sells’ setting (most copy trading bot has this feature, and it will be explained later in this guide) to copy sell the target wallet.
So, the complete sell plan is,
my own take profit and stop loss + copy sell
Again, this is the setting that works for me, and it does not necessarily mean that it’s the best setting for you. There are many other ways of taking profit and minimizing risks.
For example, there is another strategy, such as taking an initial back at 100% profit (when the price goes up by 100%, then sell 50% of the token bought) to trade safer and profit earlier. I tried this when I first started copy trading, but I quickly went greedy and stayed with the bigger profit strategy.
It’s actually better to have a few different take profit plans like the one above if you want to copy trade various types of wallets.
You can start copy trading with this setup and move on to a better sell plan whenever you find it.
What are good wallets?
Good wallets = can profit when copy trading.
Good wallet requirements
I made more than half a million dollars in 6 months with copy trading, and I will explain the requirements for good wallets based on my experience. However, it’s just my opinion, and there are also many other ways to find good wallets for copy trading. (Disclaimer: This is my personal result based on timing, experience, and market conditions. It does not guarantee or imply that others will achieve the same results.)
ROI
The most important thing when finding wallets for copy trading (more valuable than win rate). Obviously, higher is better. At least 40% ROI is recommended.
Win rate
When I first started copy trading, I only focused on high win rate wallets, like 70% or more. But that wasn’t a wise choice. Trading is about profit in the end. A single high ROI trade can easily make up for a lower win rate. So, you don’t have to care too much about win rate.
Number of tokens traded
You will soon realize that there are many weird wallets that trade thousands of tokens daily. Don’t even think about copying them. You will lose money very quickly.
Good wallets do not necessarily trade many tokens. They sometimes trade only a few tokens weekly or even less. You can still consider wallets that trade many tokens daily, but always check their ROI, hold duration, and other factors too.
Hold duration
You will also see a lot of wallets like below.
7d ROI: 70%+
7d Win rate: 60%+
Tokens traded daily: 50+
And most of them will come with this, too.
Token hold duration < 10 seconds
Do not copy trade them. You might win a few times at first, but then you will lose them all soon. They usually use node trading bots. (They are also monitoring; they will find out that you are copy trading them, and they can farm on you any time soon.) It’s an expensive setup for beginners, and it's better not to try it even if you can afford it. You need to learn and build experience first.
* Cost for a node trading bot setup
- A decent node trading bot starts from $5,000 one time + monthly renewal or transaction fee
- You need a node to run it, and a node starts from $3000 one time + monthly renewal fee (They even purchase and stack multiple nodes to buy in faster)
- You need a high-spec VPS or a bare metal server to run the node trading bot, which costs at least $200 monthly
I would say at least $10,000 for initial setup costs if you want to compete against the other node trading bot users (Yet, it doesn’t guarantee any profit if you don’t know what to do).
There’s also a cheaper setup, but it might not be worth it because even the 0.01 second matters when it comes to that type of trading.
Furthermore, the free Telegram bots’ speed is getting faster and faster nowadays, so you might even lose to those free Telegram bot users if you use a cheap setup.
A harsh fact is that many node trading bot users are actually making no profit, while many free Telegram bot users are making six figures monthly. (Of course, the opposite cases exist as well.) The point is you don’t need a big fortune to start this, but it’s more about strategies.
Hence, we will start copy trading with a free Telegram bot in this guide. It’s more than enough for beginners and many advanced traders, too.
Ok, so when it comes to the hold duration of the target wallet, it’s recommended to copy trade wallets with at least 10 minutes or longer token hold duration.
Number of buy and sell transactions
Fewer buy numbers and more sell numbers. It will guarantee your profit when your target wallet makes a profit.
Ideal buy numbers: 1 or 2
Ideal sell numbers: 3 or more
It’s a good trading style to copy trade because this behaviour means the trader might be an insider or a professional trader with strong conviction towards the token.
On the other hand, there are many wallets that trade like Buy 1 / sell 1 / dump in 10 seconds.
What happens if you copy trade them is that they make a profit, and you lose money in the low market cap tokens. Because the low market cap token (like 5k market cap) price moves up and down easily with a small amount of funds.
So, even if they are a high ROI trader with more than 70% ROI, sooner or later, they will start farming on you for 20% or even less ROI once they realize that they have enough number of copy traders (They often like to wait for many copy traders for bigger farm profit).
They can simply do that by buying any dead tokens with a 5k or less market cap and dumping them all in 1 second.
When they buy dead tokens with 5 SOL for example,
- the token price goes up instantly and dramatically
- all the copy traders buy it for a much increased price
- they will sell it all at once (nuking the chart)
- they make a profit on the copy traders
- copy traders sell it all at the dumped price.
A.K.A.
= You were farmed
= You were nuked
= You were dumped
= You were their exit liquidity
Always! Move your profit to another wallet and do not leave too much Solana in your copy trading wallet.
This is why it’s very important to check the trading patterns before you decide to copy trade any wallets. And also remember that any legit traders can turn into dumpers if they want to.
Current Balance
You will sometimes find wallets with very high performance but with 0 current balance. So, you are not sure if they moved to another wallet or if they will come back and use the same wallet again.
Indeed, many good traders frequently switch to new wallets, but there are also other good traders who keep coming back to their wallets.
You can guess if that’s the case by checking their funding habits. There are actually many traders who fund SOL only when they want to trade. They often leave repetitive patterns such as funding SOL amount, funding frequency, funding source (CEX or private wallet), number of tokens traded, and so on (Cielo is a good tool for this purpose).
Wallets with previous trade history also have a chance to come back for more trades.
For example, if there’s a wallet like below
Current balance: 0
Recent trade / 1d / ROI 2,500% / Profit $5,000
Last trade / 30d / ROI 3,500% / Profit $7,000
It might be worth tracking and copy trading the wallet even if it has no current balance. Good traders often do this because they don’t want to be copy traded or for other reasons, like bundling.
What are bundling or bundle tokens?
Bundling is launching tokens with many wallets for rug-pulling purposes (Do not try it; it’s illegal). They launch tokens with a dev and sniping wallets, and buy a considerable amount right after launch. And then, they nuke the chart by selling it all together when they want to exit. They also operate with volume bots sometimes to manipulate the token price over time and make it look natural.
Target wallet’s buy amount
I’d say 0.2 to 2 SOL buy of the target wallet might be a safe range to copy trade. But you will find your own sweet spots as you experience more.
It’s risky to copy trade if the target wallet buys in with a big SOL amount in the low market cap (low liquidity) tokens (explained earlier in the ‘Number of buy and sell transactions’ section). Yes, you might get nuked.
However, a big SOL buy in the large market cap tokens (like 5 million or more market cap tokens) is a different story. It is possible to copy trade big buy wallets depending on other factors.
There are actually many whale traders who often buy in, like more than 50 SOL at a time. You can copy trade those wallets because even the 50 SOL buys don’t f luctuate the price much in the large market cap tokens.
Yet, always check other factors, too, like hold duration and buy and sell patterns, to make sure that it’s a safe wallet to copy trade.
Your buy amount
I definitely recommend starting with a small SOL buy amount. I started with a 0.2 SOL buy, but it can absolutely be 0.1 SOL or even less.
You have to learn and experience first before playing it bigger. And also, you can still earn a decent profit with a small SOL buy if you have the right wallets in your copy trading list (like $1,000 and more profit from 1 token).
Hence, try to test and learn as much as possible before increasing the buy amount. You will get more confidence when you start winning often. Later on, I increased the buy amount up to 1 SOL for each token, but I saw many other copy traders who buy more than 5 SOL and generate massive profit consistently. So, it’s all about your skill and capability. Go with what you are comfortable with and you can afford.
Your stop loss
One of the regrets in my copy trading was that I didn’t set any stop loss. I wanted to see how target wallets sell tokens (because when the target wallet sells, my copy trading bot also sells). Most of them did well since I already chose good wallets only. But some of them didn't manage their tokens after purchase. So, it went down to like -80% or even -90% if they bought the wrong tokens or they farmed on me on purpose.
You never know what’s going to happen. There’s no such thing as 100% in the Solana meme coin trading. So, it’s better to set up a proper stop loss. 35% to 55% might be a good range for stop loss since you kind of trust your target wallets already. But once again, you will find your own sweet spots.
Your take profit
Obviously, a multiple take profit strategy is better.
This is the TP setup I have used for a long time.
| Token Price | Sell Amount (of initial position) |
| 200% | 10% |
| 300% | 12% |
| 500% | 13% |
| 1000% | 13% |
| 2000% | 15% |
| 3000% | 15% |
| Token Price | Sell Amount (of current position) |
| 200% | 10% |
| 300% | 15% |
| 500% | 20% |
| 1000% | 25% |
| 2000% | 30% |
| 3000% | 40% |
Both tables are the same TP setup. I showed in 2 versions because the take profit settings can be different by bots (sell of initial or current position).
The good thing about this setup is that you can get back your initial investment at 500% token price, and you still have 65% of the token amount you bought. Once the token hits 500%, then you can just watch it comfortably, how it goes for a potential big profit.
You might think ‘How many tokens could possibly hit 500% that easily?’ It will actually happen quite often because you will choose only the good wallets based on the factors explained above.
Honestly, I would say that 20x, 50x might not happen that easily, especially in the bear market. But, the 5x tokens pop up many times daily in the Solana meme coin trading (very different from the stock and forex market, and even the CEX market).
I also turned on the ‘sell with the same portion when the target wallet sells’ setting (most copy trading bot has this feature, and it will be explained later in this guide) to copy sell the target wallet.
So, the complete sell plan is,
my own take profit and stop loss + copy sell
Again, this is the setting that works for me, and it does not necessarily mean that it’s the best setting for you. There are many other ways of taking profit and minimizing risks.
For example, there is another strategy, such as taking an initial back at 100% profit (when the price goes up by 100%, then sell 50% of the token bought) to trade safer and profit earlier. I tried this when I first started copy trading, but I quickly went greedy and stayed with the bigger profit strategy.
It’s actually better to have a few different take profit plans like the one above if you want to copy trade various types of wallets.
You can start copy trading with this setup and move on to a better sell plan whenever you find it.