Turn $100 to $450k: How to Mirror Profitable Wallets!
Have you ever imagined how to maximize profit in crypto trading and you are searching for how to achieve this? Search no more! This article will show you how you can maximize profit in a single trade. This is not a fluke. A Dogwifhat’s trader did this and there are ways to mirror their trades.
These traders are privileged to have insider information on the coin to buy and a good time to place their trades.
There are strategies to mirror or copy their trades so that you buy when they buy and sell when they sell. This happens automatically.
You will need these tools:
- Dexscreener
- Dexcheck
- Telegram
- Trading bot that supports copy trading. Example; Unibot.
- Zerion or Zapper to track your trading activities.
Below are the step-to-step strategies to do this:
- Go to Dexsreener.
- Choose the network you want to trade. Examples are Ethereum, Base, and Solana which are trending networks. But if you are a new trader, I would not advise trading on Ethereum because of the huge gas fee you have to pay. For this article, we will be going with Base.
- Select gainers.
- Choose a 24-hour time frame.
- Look at the 24-hour trade volume, liquidity, and the market cap of the asset you wish to copy
- Then copy the wallet of the trade you want to copy.
2. Go to Dexcheck.
- On Dexcheck, click on the wallet analyzer, and paste the address on it to get more insights on the wallet.
- Check out the gross profit, the winning wallet, the network it is trading on, and the coin it is trading.
- At the trading history, check on places the wallet buys from, and the methods or type of trade.
- Then if you notice that the wallet is profitable, go ahead to copy it.
3. Telegram
When you are through with analyzing the wallet on Dexcheck, head to telegram. Look for a trading bot for your trade but it is advisable to get a different telegram account from your main telegram account.
- Use a Unibot trading bot. It gives you three wallets each for Ethereum, Arbitrum, and Base Chain.
- Select the Base chain because it has copy trading.
- You can create a new wallet or import an existing wallet, and view your privacy key when you click on settings.
- Fund your wallet with Ethereum to begin trading.
- Click on copy trade and select the wallet you have funded.
- Select the amount of Ethereum you want to use for the trade.
- Select the wallet you want to copy with, it becomes enabled.
- Copy the trade address paste it and click enter.
This means that you have started copying the wallet, whatever it buys; your wallet buys.
To sell, click on copy sell. There are two modes to sell a trade.
- Emergency mode triggers whenever the wallet sells its entire position; your wallet also sells the same thing.
- Percentage mode is when that wallet sells a percentage of what they bought, your wallet will also sell the same percentage of the token you bought.
So select the mode you wish to trade on.
Whenever you want to stop copying the trade, just click on the wallet that is enabled and your wallet stops copying that particular wallet.
So to track the activities of the trade; when the buy or sell is happening, copy your wallet address then go to Zerion or Zappa and paste your wallet there. It gives you a notification on whatever activity that is happening in your wallet and you can come to stop it or enable it.
You can try this out but it is advisable to start small and learn as you go. For more of this content, subscribe to our website in order to get a notification when the next article is posted. However, bear in mind that you need to do your research.
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