Using the Tool for Copy Trading

• Identifying Reliable Traders: Look for traders with consistent performance, with at least 20-30 trades closed. Trades and Delta percentiles must make sense, these are the most important metrics for a copytrader. Otherwise, better keep doing your research.

• Avoiding HFT Strategies: Be cautious of traders who use high frequency strategies like arbitrage, sniping or MEV. You will not be successful copying these traders.

• Diversifying Your Portfolio: Try to find copy traders with different trading styles and strategies to reduce risk. Traders with a low correlation to each other will produce the best output in the long run, it doesn't matter the direction of the market.

• Monitoring Performance: Start with small trading size and regularly monitor the performance of your copy trading portfolio and make adjustments as needed. We have an advanced tool for copytrade performance monitoring that can be used by typing /tracing leadWallet,copierWallet (separated by comma)

Remember:

• Always conduct your own research and due diligence before copying a trader.

• Never invest more than you can afford to lose.

• Diversification is key to managing risk.

• Stay informed about market trends and news.

• Chat with professional traders on our public group https://t.me/dEdge_Solana

By understanding these key metrics and following these tips, you can make informed decisions and maximize your returns in copy trading.