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

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  • Опубліковано 25 гру 2024

КОМЕНТАРІ • 121

  • @danheilman2
    @danheilman2  24 дні тому

    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
      @tym5583 22 дні тому

      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
    @reallyshel 23 дні тому +25

    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
      @tanvirtanvir6789 23 дні тому +3

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

    • @danheilman2
      @danheilman2  22 дні тому +6

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

  • @instantskincareanti-agingn6232
    @instantskincareanti-agingn6232 22 дні тому +9

    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
      @sacr4450 21 день тому

      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
      @837haja 20 днів тому

      Where can we talk?

    • @kitaiesdisguise674
      @kitaiesdisguise674 День тому

      @@sacr4450 have you found where are the fees?

    • @reminvestor
      @reminvestor 23 години тому

      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
      @instantskincareanti-agingn6232 15 годин тому

      ​​@@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.

  • @v1crypto410
    @v1crypto410 21 день тому +4

    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
      @shinigami9410 21 день тому

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

  • @tommygunn2782
    @tommygunn2782 10 днів тому

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

  • @daltonlow5939
    @daltonlow5939 13 днів тому +1

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

  • @TerryDan-k3z
    @TerryDan-k3z 21 день тому +2

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

  • @sjsmith91
    @sjsmith91 20 днів тому +5

    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
      @SonGoku-zr9nc 5 днів тому

      What do you mean by profits kept dissapearing?

    • @sjsmith91
      @sjsmith91 5 днів тому

      @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.

  • @fomixsound6242
    @fomixsound6242 23 дні тому +6

    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

  • @snipersniper9668
    @snipersniper9668 23 дні тому +6

    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
      @reallyshel 23 дні тому +2

      And someone who doesn't scalp low MC coins

    • @blindlust01
      @blindlust01 14 днів тому

      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
      @snipersniper9668 14 днів тому

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

  • @JohnTyler2023
    @JohnTyler2023 23 дні тому +19

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

    • @sacr4450
      @sacr4450 21 день тому

      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

  • @christophersteiner3074
    @christophersteiner3074 22 дні тому +2

    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
      @dannywelbz3650 21 день тому

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

  • @viral_factuk
    @viral_factuk 23 дні тому

    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 😭😭

  • @nikto-ky4kx
    @nikto-ky4kx 3 дні тому

    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.

  • @vladimirrepan7764
    @vladimirrepan7764 16 днів тому +1

    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.

  • @Sanji1337
    @Sanji1337 22 дні тому +1

    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.

  • @TheShahran82
    @TheShahran82 18 днів тому

    thank you Dan. you just save my time and money

  • @ChrisKoteck
    @ChrisKoteck 23 дні тому +9

    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
      @WolfsH0ok 23 дні тому

      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
      @danheilman2  23 дні тому

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

    • @huha-e9z
      @huha-e9z 22 дні тому

      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

  • @lombzlombzlombz
    @lombzlombzlombz 6 днів тому

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

  • @MandelaoDigital
    @MandelaoDigital 23 дні тому +3

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

  • @AG-oo1sb
    @AG-oo1sb 22 дні тому +1

    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

  • @v1crypto410
    @v1crypto410 21 день тому

    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

  • @BrokenLegnd
    @BrokenLegnd 23 дні тому +3

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

    • @WolfsH0ok
      @WolfsH0ok 23 дні тому

      Any decent wallet trackers

    • @Bhay0n
      @Bhay0n 23 дні тому +1

      @@WolfsH0ok ray silver bullet

    • @comdala
      @comdala 22 дні тому

      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
      @anjanieko702 13 днів тому

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

    • @surfsupxdd
      @surfsupxdd 12 днів тому

      @@anjanieko702 yo can you help me?

  • @01Decapitator
    @01Decapitator 24 дні тому

    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
      @danheilman2  24 дні тому

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

  • @bodaciasllc
    @bodaciasllc 17 днів тому

    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.

  • @OccultSagas
    @OccultSagas 21 день тому +2

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

    • @nikto-ky4kx
      @nikto-ky4kx 3 дні тому

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

  • @I8rah1mo
    @I8rah1mo 23 дні тому +3

    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
      @danheilman2  22 дні тому

      I turned it all the way down to 0.001

    • @sacr4450
      @sacr4450 21 день тому

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

  • @CryptoTech-AR
    @CryptoTech-AR 22 дні тому +2

    i think you're a new in memecoins

  • @KamilWasHere
    @KamilWasHere 8 днів тому

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

  • @fadeyt321
    @fadeyt321 23 дні тому +1

    Dont copy trade! We can trade by myself 😢

  • @JedHurricane
    @JedHurricane 23 дні тому

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

  • @catdsnny
    @catdsnny 2 дні тому +1

    you need to copy trade real people, not bots

    • @SonGoku-zr9nc
      @SonGoku-zr9nc 2 дні тому

      Why not bots if they are profitable?

  • @halafradrimx
    @halafradrimx 15 днів тому

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

  • @marvingvrt6676
    @marvingvrt6676 22 дні тому +1

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

    • @danheilman2
      @danheilman2  22 дні тому

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

  • @BelieveGodOnuegbu
    @BelieveGodOnuegbu 23 дні тому +2

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

    • @probablymar
      @probablymar 23 дні тому

      fees bro, you're losing to fees

  • @klonedbat
    @klonedbat 23 дні тому

    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

  • @kevinpinto8663
    @kevinpinto8663 24 дні тому

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

    • @danheilman2
      @danheilman2  23 дні тому

      yea, they burnt through it fast lol

    • @MrWarrenRB
      @MrWarrenRB 23 дні тому

      The money goes to zero.

  • @Homelander4-m6f
    @Homelander4-m6f 23 дні тому +1

    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
      @ored_mortal 23 дні тому

      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
      @danheilman2  23 дні тому

      your welcome!

    • @st3ddyman
      @st3ddyman 23 дні тому

      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
      @depralexcrimson 22 дні тому

      @@st3ddyman you can its called MEV bots

    • @ZacharyFrancis-k2r
      @ZacharyFrancis-k2r 22 дні тому

      @@st3ddyman would that prioritise the sell order aswell?

  • @nildash2230
    @nildash2230 23 дні тому +2

    That's true gmgn copy trade sucks

  • @balkanskeparodije
    @balkanskeparodije 22 дні тому

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

  • @Homelander4-m6f
    @Homelander4-m6f 23 дні тому +2

    I lost 2 bucks and stopped lol

    • @ored_mortal
      @ored_mortal 23 дні тому

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

  • @Alpha-vc4fp
    @Alpha-vc4fp 24 дні тому +5

    Skill issue

  • @havenrutter-shelden1767
    @havenrutter-shelden1767 23 дні тому

    I lost $1300 on bullx

  • @soon6191
    @soon6191 10 днів тому

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

  • @KristyEngro
    @KristyEngro 23 дні тому

    You're doing a fantastic job! I need some advice: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How should I go about transferring them to Binance?

  • @Zulfx2323
    @Zulfx2323 23 дні тому

    Same happened me
    I didn't know where money goes

    • @ored_mortal
      @ored_mortal 23 дні тому

      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
      @Zulfx2323 23 дні тому

      @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
      @sacr4450 21 день тому

      @@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.

  • @VàngThịPhù-x9h
    @VàngThịPhù-x9h 12 днів тому

    Very good video! I have TRC20 USDT in my OKX wallet and I have my recovery phrase: 《pride pole obtain together second when future mask review nature potato bulb》 How do I transfer them to Binance?

  • @Somebody703
    @Somebody703 21 день тому

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

  • @RicheleColares-p4e
    @RicheleColares-p4e 11 днів тому

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

  • @ayodejiogundiran8666
    @ayodejiogundiran8666 23 дні тому

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

    • @danheilman2
      @danheilman2  23 дні тому

      ouch

    • @reallyshel
      @reallyshel 23 дні тому

      You're doing it wrong

    • @alexandercommander
      @alexandercommander 17 днів тому +1

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

    • @reallyshel
      @reallyshel 17 днів тому

      @@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.

  • @fadeyt321
    @fadeyt321 23 дні тому

    Same me 😂