5. Do Your Own Research
🚨 IMPORTANT 🚨
The wallets & information shared by WalletX are based on our own bot analysis and historical performance. We DO NOT provide financial advice. Each trader must conduct their own research (DYOR) before copying any wallet. Trading cryptocurrencies involves substantial risk—your capital is at risk, and past success does not indicate future performance (Especially memecoins)
Remember to: 1️⃣ Test with small amounts and monitor the trades until you get more experienced. 2️⃣ Use Solscan to understand the mirror's trading style and adapt your strategy accordingly. 3️⃣ Pause trades while sleeping or when unable to monitor (until you get the pattern). 4️⃣ If you copy a scalper, sell manually before them. 5️⃣ Use lower slippage if the mirror trades on low liquidity tokens. Rather not enter a trade than lose it all. 6️⃣ Use all the protections that copytrading bots offer. Going degen mode will make you lose long-term. 7️⃣ Look at each token's chart individually using tools like Dexscreener, GMGN, etc. 8️⃣ DYOR and select your wallets based on these criteria:
Big wins on several different tokens.
Few recent losses.
No large buys or sells.
Exit slowly over several sells.
Transactions are structured such that they are not likely to be MEV or other bots.
Although we are not responsible for your losses, we are here to help. So, feel free to ask questions, and we will answer them to the best of our knowledge. Submit the wallets that caused you multiple losses, and we will analyze them to guide you accordingly and adjust our wallet drops.
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