Getting started with copy trading is simple, especially with tools like TradeWiz. Here’s a step-by-step guide:
• Find a Smart Money Address: Start by identifying a profitable trader to copy. TradeWiz’s smart money feature helps you find the top-performing addresses for popular tokens.
• Analyze the Trader’s Performance: Look for traders with high win rates, large profit multiples, longer trade intervals, and smaller transaction amounts. This ensures you’re copying a reliable strategy.
• Set Up Your Copy Trading: Once you’ve chosen the right smart money address, add it to your copy trading settings in TradeWiz. Adjust parameters like the amount you want to invest per trade.
• Automate Your Trades: TradeWiz will automatically replicate the smart money trades within seconds of their execution, ensuring you capture the same opportunities.
• Monitor Your Results: Keep track of your copy trading performance in real-time and make adjustments as needed.