Copy Trading on FOMO: Step-by-Step Guide & Transcript

[00:00] People are making millions of dollars from the FOMO trading app, which has taken the crypto space by storm. It has completely revived the memecoin trenches, and as you can see, people are making loads of money from it.

[00:14] This is the weekly volume from the FOMO app, and as you can see, it has like 10x in the last few weeks, mainly because the Robinhood chain has become massive for memecoins as well, and FOMO is the perfect place to trade.

[00:28] So in this video, I'm going to show you the best ways for you to copy trade all of these profitable traders. Because if people like this guy is making a million dollars in the last 30 days, then technically, if you would be able to copy exactly what he does, you would also be making some really decent gains.

[00:46] So the FOMO platform itself does not have integrated automatic copy trading. They might add this in the future, who knows. But for now, there's really two different ways that you can copy trade these people. The second way probably being better, but a bit more advanced.

[00:59] I'm going to quickly show you both ways so that you can do this for yourself and hopefully make some good money. If you have not signed up to FOMO, it's basically where everything is happening. Volume is exploding. Coins are running to millions of dollars in market cap every single day.

[01:14] And people are making thousands. So if you haven't signed up, it would help support me and yourself if you use my link down below in the description. Because you will get 10% less fees on every single trade. And if you're not familiar with the platform, go check out my previous video where I did a full walkthrough of the platform and how you can actually use it and get started with it.

[01:33] But essentially, this is what the FOMO homepage looks like. Just quickly, the biggest benefit of FOMO is that as long as you deposit cash, you can deposit your CC on any chain. As long as you have that in your cash balance, you can trade tokens on any chain without having to bridge them back and forth between the chains.

[01:50] Because as you can tell, some of these tokens launch on Robinhood Chain, some launch on Binance Smart Chain, while others launch on Solana. So normally you would have to bridge back and forth. But because of how FOMO has built this app, they make it so easy to trade any token across any chain, as long as you have some cash in your balance.

[02:09] And that is also one of the issues when it comes to copy trading, because people are obviously trading tokens across chains, while most copy trading bots are specifically built for a single chain. That's essentially what makes copy training a bit more complicated when it comes to FOMO.

[02:25] But the first method and the most simple method is to essentially find traders that you like on this platform. You have this leaderboard on the 7 and 30 day. You can see the top 100 traders on the 7 day, the 30 day and 24 hours.

[02:40] I recommend you to use the 24 hours because here you have some new people entering every day and you get more different wallets every single day. meaning you can analyze 50 to 100 wallets every day and add new people if you find some good

[02:54] traders. And if I click onto any of these traders, you can see his portfolio in the last 24 hours. You can see that he been doing pretty well up in the last 24 hours But you obviously also want to check how he been doing in the last seven days And as you can see he been doing pretty well in the last 7 days too And also pretty well in the last 30 days Well if you look into some other traders they might have been doing well in the last 24 hours

[03:19] But in the last 30 days, they have not done as well. So you obviously want to look for people who are pretty consistent over time. Here you get the information on the average hold time. So this guy averagely holds the token for 6 days, which is a good amount.

[03:33] I don't personally like to copy people who only hold tokens for like 10 minutes because it's just too short in my opinion. I want traders who hold the tokens for at least like 5 hours to like a few days at a time.

[03:46] They also have information on his best trades, his active and closed positions, and all of the last trades he has been doing. Now this guy, as you can see, has not made any transactions in the last 4 days.

[03:58] So maybe I wouldn't copy this guy because I obviously want people who trade actively every day at least make a few trades a day. For example, this guy has an average hold time of just over two days. He does make a few trades every single day, which is a good time.

[04:12] So let's say I wanted to copy this guy. All you need to do is click follow and this account will then show up in your alerts. Here you can see anything that the people you follow actually post and buys.

[04:24] And you get notifications whenever they actually buy something. So another great thing with FOMO is that they have an incredible mobile app, which is connected to the same account as the web application. So they have a great interface on their phone application.

[04:38] But basically on the web app, I get sound notifications whenever any of the people I'm following buys into the token. Like for example here, I got a notification 26 minutes ago that Aurelius bought into this

[04:50] stock token. And I also got that notification directly on my phone. And because the people I'm following hold all of their tokens for at least a few days, or a few hours it doesn't really make a big difference if i get into a token like a minute

[05:03] after them theoretically that won't make a big deal on like my entry compared to his entry and the end profit while if you were to copy people who holds the tokens for 10 minutes you probably

[05:15] want to get in only a few seconds after for it to actually be worth it because if you get in two minutes after him then that might be a completely different trade than what he got into so that is pretty straightforward and the easiest way to basically copy trade good traders. Research

[05:32] wallets every single day from the 24-hour leaderboard. If people look promising and ideally have less than like a thousand or two thousand followers, like this guy only has 160 followers, meaning not many people are copying him most likely, because if too many people are copying

[05:49] the same person, then it will probably be hard for you to actually make decent gains. But if you find good traders with not so many followers that you can copy trade then just click follow and you will get alerted anytime they buy into a token and you can then just click into the same token

[06:03] and easily make a transaction and buy into that same token but the second method for how to actually copy trade traders on FOMO is to actually use a copy trading bot which does this automatically now it a bit more advanced because like I said copy trading bots are built specifically for certain chains and they might not work like a cross chains like FOMO does but obviously the benefit is that it automatic so as soon as the person

[06:28] you're copying buy something you will copy his entries at the same exact second and get the exact same entry and to show you how you actually could do this if you find a good wallet for example this Logan guy let's say I want to actually

[06:43] set up a copy trading box for him. First of all I need to figure out what chain he mainly trades on. Katana is on Solana. The social token is Solana. This one is BNB train. This is Solana.

[06:55] Belisha is Solana. Sirius cat is Robinhood. Froggy is on Solana. So he mainly trades on Solana. So what I can do is actually set up a copy trading box on Solana to copy all of his Solana trades.

[07:07] Now he won't copy all of his other trades but he mainly does trade on Solana and has been very possible on falana so that should still work fine now the other issue is because formal trades across chains it doesn't actually give you the specific wallets that these people are using to trade with

[07:23] so you need to actually find these specific transactions so for example this guy i see that he sold this token one hour ago for 618 so i can just copy the contract to this token i can go into

[07:37] a different platform like axiom or terminal or padre i can search up the actual token here we have all the transactions i can go to filters i've already done this but just go to filter and enter

[07:49] minimum transaction filter of let's say 400 here i can see all of the transactions that have been made on this token for over 400 and i can easily find the transaction right here this is his cell

[08:02] transaction for 618 dollars one hour ago and you can even see that this was done on the FOMO app so you can easily tell that this is the correct transaction and you can then click on to this guy

[08:14] and just based on this trade history you can see that this is obviously the same person trading katana social best village so this obviously only shows his solana trades so that's great because now i have his actual solana wallet i can copy that wallet go into a copy

[08:30] training bot like trade with i've talked about trade with many times before in this part here because it is the best copy training bot when it comes to copying main point traders you have same block execution so you get the same exact entry you can easily set up a copy training task just go

[08:46] to add task or add copy you don't need to care about most of these things it seems complicated it's not that bad you just do a tag which is the name of the task so in this case his name is logan

[08:58] so I'm just going to name this town for Logan FOMO. You then just enter your target wallet, so here you just paste in the wallet you just found. You then have the buy percentage, because this guy obviously trades for hundreds of dollars.

[09:11] I can't copy that, because right now on my trade list account I only have $70. What I can do is put copy percentage to, for example, 5%, so if he buys for $100, I will copy him for $5.

[09:25] So obviously you want to put this percentage based on your own portfolio compared to the person you are trading And those are really all of the settings you need to worry about If you want to go into detail there are a lot more things you can choose to do

[09:39] Less max buy amount, minimum buy amount, buy limits per token. You have the buy and sell slippage, which you can change obviously. But the settings I showed you are the main ones. And then you just click create. And you are now copying all of Logan's trades that he does on the Solana chain.

[09:54] Now, TradeList, just a few weeks ago, did actually also launch their own web app where you can copy trade people on the Robinhood chain. So, if you want a full in-depth video on how to use their web app to copy trade Robinhood mean coin traders from FOMO or other platforms, let me know and I can make that next.

[10:13] So, those are essentially the two best ways to copy trade people on FOMO. For most people, the first method is fine, but for more serious traders who want to actually get the same block execution, get the same exact entry, and take this more seriously, then the second method is obviously the better choice.

[10:32] And you can set up a specific task for Solana. You can then use their web app to set up a different task for the same guy for Robinhood. And then you're all of a sudden copying all of his Solana trades and all of his Robinhood trades.

[10:44] But when it comes to copy trading, the most important thing is mainly just that you actually spend enough time researching different wallets so that you find the best ones to follow and copy.

[10:56] Because if you have a bunch of rubbish, bad traders that you're following and copying, then obviously you won't make any gains either. and if you're only following these top guys who have like 200 000 followers you can bet that there

[11:08] are hundreds if not thousands of other people also copying all of their trades which will make it very hard for you to make any gains with this strategy it is obviously a bit limiting that you can only see the top 100 traders but that is why i prefer using the 24 hours at least you will get

[11:23] new fresh traders every single day but another good strategy you can use is actually click on to any of these tokens because here you can see all of the live swaps going on so here you can easily just hover over any profile and find more underrated people obviously this guy has five

[11:39] followers but he is down fifteen hundred dollars in the last seven days so i'm not gonna copy him well this guy has a six hundred dollar portfolio he's up hundred and seventy dollars in the last seven days which is not bad at all so i can actually go into this profile he only has one

[11:54] follower but since he started trading he's actually been performing really well so this This is a super under the radar wallet that I can now copy trade. So I hope this all made sense. If you have any questions, do let me know down below in the comment section or in my

[12:07] Telegram. Like I said, the links to FOMO, but also to TradeWiz and the Terminal Trading app are all down below. You do get 10% less fees on all those platforms if you sign up using the referral link.

[12:20] And it would support me if you use mine down below. I would highly appreciate that. Let me know what you want to see next on the channel. If you want to see more FOMO content or coffee trading content or anything else, just let me know and I will make sure to make that next.

[12:33] Make sure to like and subscribe for more content like this. With that said, I hope you have an amazing rest of your day and I'll see you guys later. Peace.