Original | Odaily Planet Daily ( @OdailyChina )
Author｜Nan Zhi ( @Assassin_Malvo )
Since October 8, the author has achieved a cumulative 24-fold increase by following smart money based on the ideas and methods presented in the first four Diamond Hand Evaluation System articles, but encountered a series of problems in the actual operation: the account evaluation process is long and time-consuming, the Diamond Hand has serious drawdowns, and improper position management.
Last week, the author reorganized and rewrote the evaluation system to address the problem of the evaluation process being too long . This article will share ideas and solutions.
Odaily Planet Daily Risk Warning: This system was launched on October 8 and has only been running for 48 days. Although it has achieved certain results, from an objective point of view, the amount of data and control experiments are insufficient, and the rigor is limited. It is for readers reference only.
Funding progress and strategy presentation
The current status of each account is shown in the following table, where:
Copy trading No. 1-7 was established based on the earliest version of the Diamond Hand Evaluation System. Problems that arose in practice included : during hot market periods, the copied party still operated at an ultra-low frequency, missing out on a large number of tokens; the Diamond Hand was too serious, and the copied party made a profit of millions of dollars on a single token but still refused to sell, resulting in severe drawdowns.
Regarding the first point, the authors solution is to mix styles. In a series of low-frequency diamond hand accounts, addresses with medium-frequency operations and low token overlap rates are added to increase the overall frequency of transactions. The reason for mixing rather than setting up separate accounts is to improve the efficiency of fund utilization.
The second point is a metaphysical question. Based on the author’s current subjective experience, it is recommended not to affect the operation of smart wallets, unless there is a short-term event-induced surge ( such as Ansem’s bop ) or a major market value threshold is reached (LESTER exceeds 100 million US dollars).
Sweep Chain No. 1 to No. 4 are ultra-high frequency addresses added during the hot market period, but overall their profitability is not better than the mixed style.
Big Brothers 1-8 are addresses that bring large single profits to Copy Orders 1-7 . The purpose of setting up separate accounts is to avoid being affected by other addresses.
Conspiracy 1 was an attempt to seize Cabal tokens, but is still under testing with no success.
Upgrade of documentary system
In the old version of the copy trading system, the authors process of selecting addresses includes:
Get the top 100 addresses with the highest token profits;
Eliminate addresses that have been filtered;
Screening through primary evaluation system scoring;
Use a deep evaluation system to evaluate address operation styles;
The address value is manually confirmed based on primary evaluation, in-depth evaluation and GMGN data.
In fact, except for the last manual step, the above operations can be completed automatically through the program, and the address features can be annotated with text.
The previous in-depth evaluation system consumed a lot of computing resources to count the operating styles of addresses on loss-making tokens. After reflection, the author believes that there is no need to evaluate loss-making tokens. As long as the address is profitable overall and in the long term, it can be used as a copy trading object , and only the copy trading settings should be adjusted as needed.
Other points to note include:
There is no need to focus on buying and selling styles in the primary evaluation system, which is more accurate and intuitive through in-depth evaluation;
In addition to total profit, the distribution of token profits should be considered;
In addition to the average entry price, attention should be paid to the first entry price;
GMGN will not be included in the win rate statistics if it is not sold, and the win rate should be recalculated.
In summary, the authors draft idea for writing the program is as follows. It is screened layer by layer according to the four sets of functions and finally enters the manual review stage for readers reference and iteration:
1. Based on rough data, positions that have been liquidated, overall losses, super P, and very poor profit and loss ratios are directly excluded; medium P adds profit and loss ratio and profit amount screening
1.1 Overall loss = total profit < 0 or 7 days < $15,000 + 30 days < $25,000
1.2 Super P = 30 days, more than 10,000 transactions; Medium P = 30 days, 2,000 to 10,000 transactions
1.3 Profit/loss ratio difference = 30 days income ÷ 30 days cost < 0.1
2. Based on recent transactions, those who often play small and whose maximum profit does not exceed 5 kU are excluded; the average number of times a 10,000 U profit is calculated; the real winning rate and average daily income are calculated (to be determined)
2.1 Playing small = single coin profit is less than 150 U (tentative), and will be reviewed later based on the chain scanning address
3. Based on the profit data, if the largest profit is greater than 2-10, exclude, unless the total profit is greater than 300,000 USD; if the largest profit is greater than 2-5, warn; if the largest profit is less than 10,000 USD, exclude; if the second largest profit is less than 10,000 USD, warn; count how long it takes to make a big profit (to be determined)
4. Based on the depth data, calculate the average shooting point and number;
Based on the above ideas, the program automatically screens and displays the interface as shown below:
Meme Cultivation Manual series of articles
Rebirth: I Want to Be a Diamond Hand (Part 1) | Produced by Nanzhi
Rebirth: I Want to Be a Diamond Hand (Part 2) | Produced by Nanzhi
Rebirth: I Want to Be a Diamond Hand (Part 3) | Produced by Nanzhi
Rebirth: I Want to Be a Diamond Hand (Part 4) | Produced by Nanzhi
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