Is Copy Trading on GMGN.AI a SCAM!? || Dan Heilman Investing

[@danheilman2]

If you want to sign up for Bitunix to leverage trade or buy low market cap meme coins use the link below to get reduced fees: www.bitunix.com/register?vipCode=8688

[@tym5583]

Yeah that sounds about right actually. They just are farming people they know or copying them Only way it would work is if you found some solo wallet Trader and like you said higher market caps so they couldn't just move the price with their buy so much

[@reallyshel]

Its not a scam. The real work is finding a wallet that's good at catching hidden gems. And you're right, copying scalpers doesn't work on low MC coins.

[@tanvirtanvir6789]

Hi bro can you help me for tracking a gem 😔 i just tired i lost money

[@danheilman2]

that’s what I was thinking too. Gotta get done lucky massive gainers to offset the losses…

[@Vebol785]

It is a scam, whoever you copy trade knows they’re being copy traded, and they literally farm y’all for exit liquidity aka they buy knowing you’re gonna copy trade then dump on you

[@KenyonCotton]

So what's the formula - large MC's, what else?

[@reallyshel]

@@Vebol785 This isn't true. Tons of wallets just trade without knowing they are being copied. Some of the bigger wallets know sure, but there are ways around this. Still very difficult to find a good wallet. Plus Alot of the time they will create a new wallet to avoid being copied.

[@v1crypto410]

Whenever you do copy trading you have to make sure the wallet you are copying fits your trading style and also don’t trade with 0.001 sol you’re going to be paying mostly fees

[@shinigami9410]

Exactly. 0.008 sol is the base trade fee. Trading under 0.1 is not beneficial.

[@0xheartless.crypto]

Ya, fee are so high i think if we trade small, i have traded 0.03 sol, fee around $1+

[@smartsudheer3972]

@@0xheartless.cryptowhich platform you used for trading..?

[@yuvrajvaishnav2725]

@@0xheartless.crypto i learned this after lossing 100$ just in fees, so basically copying with min 10$ per trade so that u can cover the fees of 1$ per trade min

[@allroundersaeen8264]

For copy trade, don't copy the guys who are in the copy trading list. Because those create their own shit coins and buy their own coins and sell. Pick another profile guy who holds trades for 1-2 days or longer trades. Then you can be profitable.

[@instantskincareanti-agingn6232]

You need to use MEV protection on entry. Or they will use your liquidity and slip you. Also use higher slippage fee to get in fast. Also try to exit 50% at about 50% profit. Then exit 25% at 100% profit and ride the reminder 25% till they exit.

[@sacr4450]

OK, this is good information but is it not good to trade dollars cause I made a trade of $2.5 and made 28% profit but ended up losing money. I’ve tried looking up the fees. I can’t find them. Do you know about any fees?

[@837haja]

Where can we talk?

[@kitaiesdisguise674]

@@sacr4450 have you found where are the fees?

[@reminvestor]

what is your telegram so I can ask how you setup the 50% exit. I don't see how do set this up with copy trade.

[@instantskincareanti-agingn6232]

​​@@reminvestorif there is no auto exit % then use a price tracker to let you know when price doubles so you can exit 50% yourself Usually some copy trades have target levels that you can set yourself.

[@Sanji1337]

Its about finding good wallet.. look at their trades. you will loose 95% of copy trades if the wallet user is trading within seconds / below 5min.

[@Vebol785]

Truth

[@tommygunn2782]

Thanks for being open about your studies. Saved me a lot of time and money - thank you.

[@danheilman2]

You're very welcome!

[@v1crypto410]

Also the best strategy is to let the bot copy the buys for you but YOU have to manage your tps. Can’t be lazy

[@Bharath-c7g]

Thanks for sharing your real experience. There are very few people on YT, show the losses. The traders on gmgn copy trader list are all honey pots. Always look at the charts of their trades, before deciding to copy trade them. These days to people who make money on memecoins are either scam dev or insider.

[@vladimirrepan7764]

It’s good to get them on entries on higher cap coins. Then auto TP so not copying them on the sell side if that makes sense.

[@adamlevyvedellarsen4523]

Can you explain how I should set it up so get my profit?

[@muhammadrehan7668]

That's the only way to go

[@christophersteiner3074]

Hi, just wanted to say that you are not completely wrong on what your saying, like that the prices go up before your bot even buys in. But I think that the problem you had one your trades are mostly, because your buy orders where not even close to high enough, if you buy with like 0.001 sol, no matter what your slippage looks like, either which was your problem i guess, it takes too long to fill your order, or you just loose to much money on slippage. I personally think that the bot is working, you just have to know what you are doing

[@dannywelbz3650]

Are you fucking dumb ? Did you not watch the video.

[@JohnTyler2023]

Dont copy trade a whale. Thats what will happen. Copy Trade a wallet that has a wallet that trades mid to short term

[@sacr4450]

I made a profitable trade but now my PL is lower than before, is it because I was trading 2.5 dollars? And only had 4

[@Vebol785]

If they made long term trades there’s no copy trading them you just need a wallet alert software. I think copy trading is a scam i’ve only ever lost money never made any

[@snipersniper9668]

whatever you see in that wallet lists are visible to millions of people tho.... that guy knows he got a copytraders copying hes wallet and thats why he buys shit coins to dump on you guys. copytrading works when the wallet is not known to public and only you know that wallet. that way its possible to earn money. no other way.

[@reallyshel]

And someone who doesn't scalp low MC coins

[@blindlust01]

how do you find the wallets if its not known to public or private, you need an invite? doesn't make sense is there a wallet filtering website or something?

[@snipersniper9668]

@@blindlust01 i mean you can find wallets public but it has to be fresh or not know to everyone...

[@allroundersaeen8264]

I am doing this.

[@blindlust01]

​​@@snipersniper9668wanna learn this, how can I reach u.

[@fomixsound6242]

Ehhh you follow trader with 5, 10 ,20 sol on micro cap and you wonder you loosing and calling it scam ? This wallets are using such people like you to gain 😂 meanwhile you trade self or go to coins with at last 100k Market Cap

[@nikto-ky4kx]

If you copy trade.....you supply the exit liquidity for the scammers. They buy first....then immediately sell...you buy behind them and sell behind them with your copy trade. You will get wrecked and your money will go into their pockets. It doesnt happen every trade. But when it does I got 70% loss.

[@Vebol785]

Yes exactly it’s a scam meant for the “popular wallets” to farm noobs for exit liquidity

[@TerryDan-k3z]

What's the best settings for trading under 1 Sol?

[@kawshickmd2468]

Thanks for your honest opinion. Will save many of us

[@danheilman2]

My pleasure

[@thomasrenee6083]

Isn't that trade amount so low that you'd just constantly lose money to fees on every trade?

[@sjsmith91]

I did copy trading with 0.05 sol trades, found myseld a good wallet to copy, most trades being 50%-3x in profit.. balance is now 0 as all profits kept dissappearing.

[@SonGoku-zr9nc]

What do you mean by profits kept dissapearing?

[@sjsmith91]

@SonGoku-zr9nc figured it out, had mev enabled and was sometimes doing $3+ in gas, was stupidly low amount copy trading so the trader was sometimes doing quick multiple trades for small profits and eating away at mine in gas.

[@Europashorts22]

Ive had this problem say you put in 5 dollars and you make 5 dollars you think youve got 10 dollars gmgn gives you 4.50 back out the trade youll be down a dollar even if you profitu​@SonGoku-zr9nc

[@JorgeCastillo-tc1bq]

Fees

[@Europashorts22]

@JorgeCastillo-tc1bq yeah gmgn is hard work bro

[@daltonlow5939]

Your video is great! Make me think twice to copy trade!

[@e-man3237]

Any updates on this video? Were you able to find a way to make this work? My Twitter is fluttered with these GMGN copy trade post. I would imagine you’re able to put filters on the copy trades like certain liquidity limits, etc

[@danheilman2]

nope, spent countless hours on this then gave up, it just burns through my SOL. I have had better luck by myself.

[@e-man3237]

@ that seems to be the consensus. The Twitter posts about it are obnoxious

[@lombzlombzlombz]

what about if you increase the bribe price? / decrease slippage? Might make your copies go in faster? idk

[@abeermahmud968]

how much fee is required for copy trading?

[@danheilman2]

the fees are small, but the slippage costs more usually

[@BrokenLegnd]

Set up wallet trackers and take positions when you see good buys, im tracking about 30 wallets half being whales

[@WolfsH0ok]

Any decent wallet trackers

[@Bhay0n]

@@WolfsH0ok ray silver bullet

[@comdala]

GMGN wallet tracker is free and seems like no limits. Ray Wallet Tracker has also free version but is limited in how much per hour/minute notifications you can get

[@anjanieko702]

bro ive been up 32k since yestarday ima lose my mind

[@surfsupxdd]

@@anjanieko702 yo can you help me?

[@baeumlesolutions4913]

IT onlY works when real time copiing, any Plattform that can do so?

[@TheShahran82]

thank you Dan. you just save my time and money

[@OccultSagas]

Copy trading is a bad idea most of the wallets know and farm copy traders.

[@nikto-ky4kx]

Exactly. If you know people are copying your trades...you can take their coins easily.

[@AG-oo1sb]

Yes thats true whit most of copy bots thats always will be on loss, that guys you copying they eating from you dump price before you sell

[@sadu2953]

Why no available router when i copy trade on gmgn?

[@OnlineMarksmanAS]

It was a scam coin that's why

[@bodaciasllc]

sorry that happend to you bro you did mention forex trading how successful are you in that i do have sources and was wondering about demo trading in forex when someone demo trading in forex does the broker shows them live price action while demoing the trading ea.

[@WardMetz-y2n]

Step finance transforms bold moves into lasting legacies of success.

[@mudassirtajmuhammad]

I copy good wallets but ditn work only buys not sells or some time slippedge problems

[@skaterdude14b]

Can you tell me more about how it went? What strategy are you toying with now?

[@ChrisKoteck]

outside of buying high and selling low on new low market cap coins. even if you were to trade them at a more stable price. at 0.001SOL you're mainly paying fees. anything below .05 you have to sell at +35% or higher to break even.

[@WolfsH0ok]

True. I was testing with 0.1 to see how everything worked. Picked stuff with high volume no ruggers and good mcap but I was still just breaking even sometimes losing even selling at 2x

[@danheilman2]

oh ok, good point. Seems you need a lot of capital and luck to be successful

[@huha-e9z]

Huh. I was wondering why my account was going down even positive %. It's the fees. Not point on selling if you put in $2 and it turns on negative

[@abdulkarimmbazira2928]

Better use 0.1 Sol, then copy those using small amounts too, there are ones that were profitable for me

[@I8rah1mo]

dude every token you enter you will pay 0.002 sol + gas fees that you choose in settings so for example you choose to pay 0.0002 on fees so when you pay for example 0.05 sol you are paying 0.0522 sol

[@danheilman2]

I turned it all the way down to 0.001

[@sacr4450]

Wait for real. So many sol is a good amount? .06?

[@BeSmartMoney]

you dint have lightening turned on .....and your size is tiny

[@01Decapitator]

hey man tried to copy trade but for me it works so far in like 70% of cases sometimes "buy" doesent go of bcs of slipage ,anything i can do about it bcs i didnt see any way to adjust slipage on copy tradeing page?

[@danheilman2]

you can update slippage in the telegram bot, just click the wallet and it has a bunch of settings u can modify.

[@halafradrimx]

Obviously, you don't copy trade scalpers. As long as you don't touch scalpers you should be somewhat fine.

Boomer funds copy traders account by copy trading someone that knows lazy ass traders are ripe to get robbed blind by dumping on them 🤣

[@JedHurricane]

Copy trading's a good way to go to 0 if you don't do research. Doesn't matter the platform.

[@fadeyt321]

Dont copy trade! We can trade by myself 😢

[@ProjectDolphinn]

It's scam i copied many wallets with 30% of slippage and however some trades failed i went from $50 to $0

[@CryptoTech-AR]

i think you're a new in memecoins

[@nildash2230]

That's true gmgn copy trade sucks

[@Homelander4-m6f]

im really new to crypto and i just wanted to say thank you showing and highlting this! this bullshit is being spread all over twitter and its ridiculous.

[@ored_mortal]

Copy trading is profitable but its like everything else, its not a quick way to make you rich, but if you are persistent into it, itll work out. There are copy trading bots like Trojan, Odin, TradeWiz etc, copy trading from any wallet that “looks good” most likely youll end up losing money in fees even if the trade was profitable which is why you might see your sol balance decrease. Too low of capital can also cause this, anything below 0.7 sol and youll start losing money, test wallets with 0.01 (yes youll loose money but its better then losing all its just a test).

[@danheilman2]

your welcome!

[@st3ddyman]

I used to write my own eth copy trading bots. The only way to make money is to front-run the sell orders, which you can do on ETH via higher gas or Flashbots. I don't think the same process exists on SOL though you could increase the Priority fee.

[@depralexcrimson]

@@st3ddyman you can its called MEV bots

[@ZacharyFrancis-k2r]

@@st3ddyman would that prioritise the sell order aswell?

[@zabifunny]

Thanks alot for your good information I was lucky that I watched your video before I ape in copy trading a whale wallet

[@TaiwoSaidatAdegoke]

Can we get a video explaining $KIKI FLAMINKI coin on base? Want to learn more about this meme coin!

[@klonedbat]

the gas and priority fees are high if you have small cap to trade under 0.5 sol. same outcome from my copy trade of a few top traders, we buy high and sell low LMAO

[@Europashorts22]

@klonedbat lol I've wasted about 0.5 sol 😭 I've had no wins on this gmgn barely I've reverted to my old strategies of find a coin that just looks good buy and hodl I think its the only way tbh

[@marvingvrt6676]

bro playin with 0.001 buys with 0.001 fees ... how can you win anything like that :')

[@danheilman2]

I only wanted to risk 1 SOL which is now gone before trying bigger orders.

[@BelieveGodOnuegbu]

This same thing happened to me. It showed I got profit from the trade yet my SOL balance keeps reducing.

[@probablymar]

fees bro, you're losing to fees

[@MandelaoDigital]

of course it is... even doing a lot of profit my balance is not increased... I left from this big shit

[@reallyshel]

You're doing it wrong

[@kevinpinto8663]

I had the exact same issue these past few days was wondering where tf the money went

[@danheilman2]

yea, they burnt through it fast lol

[@MrWarrenRB]

The money goes to zero.

[@catdsnny]

you need to copy trade real people, not bots

[@SonGoku-zr9nc]

Why not bots if they are profitable?

[@soon6191]

You can’t do it with People only doing instant trades like this account

[@danheilman2]

agreed

[@KamilWasHere]

Managed to catch a 40x copy trading one guy, too bad I was trading with 0.01 sol

[@danheilman2]

not bad!!

[@thiyagaSundaran]

Can you please tell his address? 😢

[@mobileropa]

thats scam, they have latancy i copy need a minutes to copy. i think copy with a second

[@matthiasmeyer3881]

Remember you buy and sell after them. If they trade low cap with high capital you are fucked. Lots of well known wallets farm they copytraders.

[@danheilman2]

yup, exactly

[@balkanskeparodije]

Ye, but this is just for whales that trade small mc

[@havenrutter-shelden1767]

I lost $1300 on bullx

[@Alpha-vc4fp]

Skill issue

[@nawrasmadamani]

lol it is tho who tf apes blindly

[@danheilman2]

maybe

[@Homelander4-m6f]

I lost 2 bucks and stopped lol

[@ored_mortal]

Losing money is just the process, dont be scared. Come back with a clear mind and do better then before.

[@davidwells2083]

Bloke made 800sol one trade

[@ayodejiogundiran8666]

Yes, copied some of those top guys on this platform also.. burnt my entire portfolio.

[@danheilman2]

ouch

[@reallyshel]

You're doing it wrong

[@alexandercommander]

@@reallyshel so whats the correct way then? everybody says you're doing it wrong but what is the answer..

[@reallyshel]

@@alexandercommander You can't just copy the top guys. You have to find out the wallets that specifically find and hold hidden gems. Some top wallets perform great but they have such fast entries and exits from them using bots, you aren't going to get filled when they do.

[@Zulfx2323]

Same happened me I didn't know where money goes

[@ored_mortal]

If you are trading small amounts, most likely who ever you are copying is losing your money. Test potentially good wallets with small amounts. Even if a trade is profitable, and your wallet actually decreased, you are not breaking even with the capital you put in vs the moment you sold + fees resulting in a lower pnl.

[@Zulfx2323]

@ored_mortal I think we will become thier extra liquidity...some influencers promote thier wallet to get more prfts more people copy they will become more profitable Some people using sandwich, and mev for this and promote.. that account so they will get more liquidity to exit thier position

[@sacr4450]

@@ored_mortalI have good wallets, and have profitable trades. But my account is small, it was 4 dollars worth, yet I’ve only lost money while my PL has increased. The fees should be doing this.

[@RicheleColares-p4e]

Now I know why I losting money on this stupid thing haha

[@viral_factuk]

THANKS. Just want to say thank you for explaining i was going crazy i really did not understand what i was doing wrong.. Feel so bad though there must be a way to make this profitable it is soo cool 😭😭

[@Somebody703]

They are going in to low market cap coins and dumping on you. lol

[@fadeyt321]

Same me 😂