Overview
The speaker describes a 30-day experiment trading like an "insider" using blockchain analytics, resulting in substantial profits, and outlines the strategies and tools used, emphasizing the risks involved.
30-Day Insider Trading Experiment Results
- Started with less than $5,000 and made over $20,000 through trading.
- Did not trade for the full 30 days due to other commitments.
- Also made $40,000 trading meme coins on a separate public wallet.
- Shared trade records on Twitter for transparency.
Trading Strategies and Tools
- Utilized perpetual futures with leverage for both long and short positions.
- Emphasized that trading perpetual futures is risky and not recommended for most people.
- Used blockchain analytics to track "smart money" movements (large/profitable traders).
- Relied on tools like SoulScan and Stock Chain to monitor live transactions and holdings of major wallets.
- Focused on identifying accumulation and selling by top holders as trade signals.
- Prioritized trades where significant buying or selling pressure was detected in real time.
- Set notifications for high-value orders (e.g., above $25,000) to spot actionable moves.
Example Trades and Analysis
- Described specific trades with varying results (e.g., +85% on Jupe, +61% on Retardio, +78% on House Coin, losses on Warm and House).
- Provided methodology for entering and exiting positions before major movements complete.
- Highlighted both positive and negative trades to illustrate the approach's variability.
Insights and Warnings
- Stressed that this strategy is labor-intensive and requires in-depth on-chain research.
- Noted that access to some analytic functionalities requires paid tools.
- Advised that "insider-style" trading has limited value for those with less than $1,000.
- Warned repeatedly about the dangers of leveraged futures trading.
Recommendations / Advice
- Trading based on on-chain analytics is complex and risky, and not suitable for everyone.
- It is important to thoroughly learn about on-chain analysis before attempting similar strategies.
- Only use paid tools and advanced methods if truly committed and understand the associated risks.