How to Find Profitable Crypto Traders to Copy Step-by-Step

[00:01] cryptocurrency and it blew up and turned into over $100,000 well that's exactly what this Trader right here did so what if you had access to see exactly what this person was buying and selling in the future and

[00:13] the beauty of blockchain technology is that everybody's wallet is completely track it and with a little bit of detective work you can find some of the most profitable traders in the entire crypto space and follow what they do and

[00:26] exactly how you can do that step by step one 100% for free as a blockchain developer myself who works this technology on a daily basis so if you're this channel I turn you into a blockchain master so if that's something

[00:40] like button down below and subscribe and while that's definitely some good opportunity to get in on these coins before they blow up the absolute best increase your income by becoming a blockchain developer and I can show to

[00:53] do that step-by-step for hard to finish over at dap university.com booot camp talk about how to find profitable traders in the blockchain and copy their

[01:07] trades for profit okay so obviously nothing I'm saying this video is design you to buy or sell any specific cryptocurrency based on this information or ATT track any of the wallets that I'm mentioned in this video but with that

[01:19] into my computer and show you how this works all right so the first major step in this process is finding wallets to track okay so thankfully there's a a free tool that's going to help us do

[01:31] this and this is Dex screener if you're not familiar with it so what is Dex screener well it's a website where you can go look at every single decentralized exchange out there on any blockchain and look at the tokens that

[01:44] token's created it'll automatically get listed on Dex screener and you can watch you know the charts uh really from the first you know seconds that it starts trading so what you can do is you can go look at any token that you can possibly

[01:58] you can look at a token like a whiff that was wildly successful and you can actually look at this tab called the top Traders okay and what that's going to do is Show you people who made the most money off of this coin so hint hint that

[02:13] out for and now unfortunately you can't go back in time and copy the trades that these people did but you can do the next best thing you can look at their wallets track record of finding at least something really good early and then

[02:29] watching what they do next to inform your next move for trading coins now I'm because when I filter by the top Traders here most of these people are putting in really large amounts of money okay in order to achieve the type of results

[02:43] because whff is a massive coin you know it's a three billion doll market cap so people could have bought in with you know hundreds of thousands or millions of dollars uh and made good profits that way this is based on total profit not

[02:55] necessarily uh Roi so what I'm going to do is look at a different coin with a smaller market cap okay and look at the top Traders here to demonstrate how this works so this is the fiw coin I'm not actually going to say the coin's name uh

[03:09] uh you can just go look up this Ticker on salana you'll see why you can get my going to do that uh so anyways I'm going to go to the top Traders here uh and so why I pick this project it's related to whiff uh the whiff deployer the person

[03:23] who created whff had some you know activity on this project and that's how tracking these Wallets on chain so I'm giving you insight to my process but if see this wallet right here turned you know

[03:36] $437 into $102,000 okay this one turned $145 into $70,000 so what we can do is expect these wallets activity on chain uh to see what else they're buying okay so

[03:51] you can actually see on De screener it will show where you bought where they that's going to give you insight to this Traders activity where you know buying

[04:03] where you just click a button click buy and then click a button and click sell uh you know some random point it's usually like a single buy or multiple buys and then multiple sells uh to realize their profit because nobody

[04:16] perfectly knows what the price is going to do next so anyways um you you this is Traders is by looking at the top Traders in this list a couple things to watch out for here you want to make sure that you're finding wallets that actually

[04:30] bought the tokens um you know when they sold them sometimes people would just be maybe they purchase from a different wallet okay and then send it to this not going to give you a very good idea of their p&l maybe it's a developer of

[04:45] connected to it who received tokens for free you want to verify that they're actually buying and selling uh from the wallet in order to watch out for that this point is take the address and go try to find other things that they're

[04:59] they're profitable on other trades because sure somebody could be right once what you want to find somebody who's consistently uh right where you can use them as you know a signal to potentially enter into position and so

[05:12] addresses uh you know full disclosure I'm not telling you to copy trade this person okay so definitely don't do that this is not Financial advice I'm just using this as an example here so I'm going to uh click the filter button okay

[05:27] um and then when I do that I can actually look the address and copy it and I can put it into Soul scan so if you go to Soul scan. all right this is already got the address pulled up here but you can just paste it in all right

[05:40] click on address and now you can see all the activity uh from this wallet all right so what you're going to do is click on the uh SPL transfers because traded uh on these decentralized exchanges and you can see the recent

[05:54] activity like this is a Mr Frog token you can see tokens that are entering transaction ction okay you can see that um it's interacting with pump. fun okay stuff for now this is harder to track pump. fun is a website where people can

[06:08] sort of speculate on tokens pre-market before they start trading on dexes uh so we're going to actually try to find transactions uh where they're buying that's easier to track the profitability of all right so if I scroll back a

[06:21] little bit I can see a simple transaction here all right I can see this one uh was actually purchased on a decentralized Exchange change all right so if I look at this one I click the uh token right here I can copy the address

[06:35] screener I got it pulled up but I'll show you to find it uh you paste in the token address here all right and you can see uh this token that was launched and what you can do is you can filter by the maker address you can paste it in there

[06:49] click apply and we can see a five sold bu uh down when this was about a $122,000 market cap and now it's at a $455,000 and just so you don't have to pull out your calculator let's see your 455

[07:04] divided by let's just say 15 all right that's a 30X and so with that information in mind we can see that this person you know obviously had a wild home run by identifying this coin early but they also have a track record of

[07:17] finding other coins early as well before they blow up in price now that being said of course you do not want to blindly copy trade people for several reasons which I'll explain here in a minute but that's one method where you

[07:30] can go look and find people who have proven track records of you know getting other projects they've gotten on early on and then start you know trying to watch what these people do in the future now how can you do that how can you

[07:45] actually look to see what they what they do next um so you can do it a couple ways one is you can bookmark a page like this um you know in your web browser and just go check it periodically to see what positions they've entered you could

[07:59] just sort of have a list of wallets that you watch and do that um but that obviously takes time and energy so what if you wanted to get notified about this so you can use a telegram bot for this all right and there's several different

[08:12] ones out there I'm just going to mention one the salana raybot wallet tracker okay so what does it do well basically it's a telegram bot you can just find this uh you know link here on Twitter look this account up and look at the

[08:24] telegram channel here and whenever you do it'll open up a telegram channel on your uh app okay you just click Start all right if you don't have telegram installed you need to do that either on your phone or on a desktop all right and

[08:37] what you can do is there's a button that basically says like hey you know add a wallet to track okay a couple different commands that you'll see and what you can do is you can just paste in a wallet address you know on each line and you

[08:49] paste in the wallet address and you give it the name and you can specify you know see from that wallet is it going to be for you know actual trade just token to filter out stuff you don't care about like Soul transfers you want to pay

[09:03] attention to uh the tokens when they're actually traded uh that being said if you want to see all their activity just to have more information you can do that have push notifications uh alerted for you anytime that you know something

[09:16] happens on chain related to that wall that you specify this application that way you don't have to sit here and you know look at um you know Soul scan on a regular basis you can just get notified straight on your phone okay so now let's

[09:28] rules for copy trading all right so rule number one is do not copy the address I showed you in this video okay because again this is not designed to be person to follow I'm showing you the thought process about how I can find

[09:42] people uh and then you know you can do the similar type of research to look up wallets that you might want to track but not necessarily blondly follow which I'll get into in a minute all right so uh rule number two is you do not want to

[09:56] one wallet that you're going to be able to you know follow religiously and then just ride your way to the Moon okay uh because what you might find is some really profitable Traders don't really trade that much all right they may enter

[10:10] into a position and let it just sit for a really long time uh or there's certain traders that start you know doing things that you don't want to follow okay the whole idea here is to have multiple different data sources and what you can

[10:22] which brings me to my next point which is do not copy trade blindly okay because the the last thing that you want to do is you know just do the exact same thing every single Trader does all right because you know while some people are

[10:36] profitable and some trades they're not always profitable on other trades it's profitability that really makes up for everything in the long run and if you only copy their losing trades okay and you blow yourself up you're not going to

[10:48] you're not necessar going to match your position size the same way that they would so another reason not to blindly copy trade anybody is if somebody becomes really uh popular uh like the person I showed you a minute ago because

[11:03] they are the top Trader for a specific token that everybody knows about on Dex token that everybody knows about on Dex screener they might uh you know find out that people are trying to copy them and so they may enter into positions uh and

[11:15] exit those positions quickly because they know that other people are trading examples of this type of thing where somebody buys in and they sell really they buy it's going to trigger a wave of on chain activity all right and then

[11:29] uh you know other people might be selling right after them you can see a spike just like that on the chart so you can't always just uh go in without discretion anytime somebody buys because they may sell right after you because

[11:41] technique that I'm showing you in this video and use it as a discovery tool to find out about new projects before you start buying things just like you might use Dex triner to look at what's trending right now or filter by other

[11:55] criteria like you know 5 minute volume increases 1 minute volume volum increase token creation time etc etc this is just a different lens through which you can look at the market and find out about new entries or even new coins that you

[12:07] may not have known about before but not necessarily just buying because a whale did but discovering a token that you might want to do more due diligence on position which brings you to my last rule which is never ever ever ever ever

[12:22] automate copy trading all right if you're a developer and you know how to this channel you don't want to just blindly uh copy trade somebody else uh all the time because that's probably a Sure Fire we to lose money all right um

[12:36] and then or if you have a bot that automates copy trading uh you definitely any sizable amount of money because you could probably blow yourself up all profitable crypto Traders on the blockchain and track their wallets for

[12:49] down in the comment section below do you have any specific wallets that you like whenever you're finished leaving your comment make sure you smash that like button down below for the YouTube algorithm subscribe to this channel it's

[13:02] before this bull run ends so you can really help me out by subscribing and as opportunity to make some quick money by trading crypto the absolute best way to increase your income by becoming a blockchain developer and I can share do

[13:17] that stepbystep for start to finish over adap university.com booot Camp you started today I've helped people with zero coding experience become real world blockchain developers in a matter of months so that's all I've got the next

[13:29] next time thanks for watching dap diversity