The scale up phase
Last updated
Last updated
At least once per day, check all trades. Monitor them on Ray. See how each wallet is performing. Also keeping it on a spreadsheet will help.
Some wallets will perform bad. Some will do good.
If they're not doing as expected, we got to remove them. But first, wait at least 3-4 trades before excluding a wallet from the testing phase. Try to discover why they did not work. This is very important.
For the wallets doing good, wait at least 3-4 trades before increasing the trading size.
Analyze their trades on DexScreener. See how this wallet trades. The tokens it trades. When you find similar wallets on the research, you will know it's a good candidate.
By using the you will be able to know how well you're doing relative to the wallet you're copying (Lead wallet).
It is normal to perform worse than the copied wallet. What we are looking for here is to be profitable. Don't expect to have the same results as the wallet you are copying.
If you are seeing consistent results from a wallet, increase the betting size. Doesn't need to be a lot. Just something reasonable and wait a few trades to see how it performs. If it's still performing well, you can increase even more. Always analyze the trades before increasing the size.