Original | Odaily Planet Daily (@OdailyChina)
Author | Nan Zhi (@Assassin_Malvo)
Since October 8, the author has accumulated a 24-fold increase by following smart money based on the ideas and methods presented in the first four articles of the "Diamond Hand Evaluation System." However, a series of issues have arisen during the practical operation: the account evaluation process is lengthy and time-consuming, significant drawdowns from diamond hands, and improper position management.
Last week, the author reorganized and rewrote the evaluation system to address the issue of the lengthy evaluation process. This article will share the ideas and solutions.
Odaily Planet Daily Risk Warning: This system has been operational since October 8 and has only run for 48 days. Although it has achieved certain results, from an objective perspective, the data volume and comparative experiments are insufficient, and the rigor is limited. It is for readers' reference only.
Funding Progress and Strategy Display
The current status of each account is shown in the table below, where:
Copy Trading 1-7 is based on the earliest version of the "Diamond Hand Evaluation System." The issues encountered during practice include: during hot market periods, the copy trading targets still operate at an extremely low frequency, missing out on a large number of tokens; severe drawdowns from diamond hands, where the copy trading targets do not sell even after making millions of dollars in profit from a single token, leading to significant drawdowns.
To address the first point, the author's solution is a mixed style, incorporating mid-frequency operations and addresses with low token overlap among a series of low-frequency diamond hand accounts to enhance the overall trading frequency. The reason for mixing rather than establishing separate accounts is to improve capital utilization efficiency.
The second point is a metaphysical issue. Based on the author's subjective experience, it is recommended not to interfere with the operations of smart wallets unless it is a short-term event-driven surge (e.g., Ansem's call for bop) or reaching significant market cap thresholds (e.g., LESTER breaking $100 million).
Scan Chain 1-4 are ultra-high-frequency addresses added during hot market periods, but overall, their profitability is not superior to the mixed style.
Big Brother 1-8 are addresses that bring significant single profits to Copy Trading 1-7, and the separate accounts are aimed at avoiding interference from other addresses.
Conspiracy 1 is an attempt to capture tokens from the "Cabal," but it is still in testing and has not yet yielded results.
Copy Trading System Upgrade
In the old version of the copy trading system, the author's address screening process includes:
Obtaining the top 100 addresses by token profit;
Excluding already screened addresses;
Screening through the primary evaluation system scoring;
Using the deep evaluation system to assess address operation styles;
Manually confirming address value based on primary evaluation, deep evaluation, and GMGN data.
In fact, except for the last manual step, the above operations can be automated through programming, and textual annotations can be made on address characteristics.
The previous deep evaluation system consumed a lot of computational resources to analyze address operation styles on "losing tokens." Upon reflection, the author believes it is unnecessary to evaluate losing tokens; as long as the address is overall and long-term profitable, it can be considered a copy trading target. Only the copy trading settings should be adjusted as needed.
Other points to note include:
In the primary evaluation system, there is no need to focus on buying and selling styles; deep evaluation is more accurate and intuitive;
Besides total profit, the distribution of token profits should be considered;
In addition to the average entry price, the first entry price should be noted;
GMGN that does not sell should not be included in the win rate statistics and should be recalculated.
In summary, the author's draft for the program's logic is as follows, filtering through four sets of functions before entering the manual review stage, for readers' reference and iteration:
- Based on rough data, exclude addresses that have been fully liquidated, are overall losing money, are super P, or have poor profit-loss ratios; include mid P with profit-loss ratio and profit amount filtering.
1.1 Overall losing money = total profit 0 or 7d $15,000 + 30d $25,000
1.2 Super P = more than 10,000 trades in 30D; mid P = 2,000 to 10,000 trades in 30D
1.3 Poor profit-loss ratio = 30d profit ÷ 30d cost < 0.1
- Based on recent trades, exclude those that frequently play very small amounts, with maximum profits not exceeding $5,000; calculate the average number of trades to achieve a $10,000 profit; calculate the real win rate and daily average income (to be determined).
2.1 Playing very small = single token profit below $150 (tentative), to be reviewed based on scan chain addresses.
Based on profit data, exclude if maximum profit is greater than 2-10 names unless total profit exceeds $300,000; if maximum profit is greater than 2-5 names, issue a warning; exclude if the largest profit is less than $10,000; issue a warning if the second largest profit is less than $10,000; calculate how long it takes to earn a big profit (to be determined).
Based on deep data, calculate average entry points and frequencies.
Based on the above logic, the program automatically filters and displays the interface as shown in the following image:
"Meme Cultivation Manual" Series Articles
Rebirth: I Want to Be a Diamond Hand (Part 1) | Produced by Nan Zhi
Rebirth: I Want to Be a Diamond Hand (Part 2) | Produced by Nan Zhi
Rebirth: I Want to Be a Diamond Hand (Part 3) | Produced by Nan Zhi
Rebirth: I Want to Be a Diamond Hand (Part 4) | Produced by Nan Zhi
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