Tips for choosing a wallet

This is just the beginning. The more you analyze wallets and copytrade, you'll get more experienced and better at this. But just to start out, when choosing a wallet:

• Make sure you understand what Trade Percentiles are.

• Win rate is important but how big the losses are is even more important. If one wallet 10th percentile is -50% while the other is -5%, the second is MUCH better.

• Be careful with too many open trades

• If his Best Trade is a high % amount of his Sum of Pnl (more than 70-80%, be careful - his profits might be just a lucky shot)

• Prefer high delta wallets

• Always check the wallet trading patterns on DexScreener (you can find the direct link as mentioned on Avoiding Snipers & HFT's) - imagine your bot will enter a few seconds/candles after the wallet. Would it still be profitable? Also, does the price falls hard after he sells? Or does price increase considerable seconds after he buys? (this could be an indicator that he's being heavily copytraded)

• Read The research phase for more insights on choosing wallets.