Market and Mentality
Having good market and mentality is best when running the drop trader!
You need to kind of run this like a robot yourself, there will be times where there will be losses and depending on the situation, it could be bad. If you're going to force trades and chase to regain losses, it usually will end up with losing even more, so keep a cool head. Its also better and easier to trade on more active days. Peak Times: Monday - Friday from 9AM EST - 3AM EST Trading in those times will can result in easier trades. After running for a bit, it becomes second nature so its kind of hard to give advice on this subject. The best thing I can say is ACT LIKE A ROBOT, DO NOT TRADE ON EMOTION, at the end of the day you're buying a price impact from when someone sold a BIG amount of that token, usually these dips are very likely go back up, if you're running lower config settings ex: 10% dip, you're not buying price impact and can easily go down even more. Just an example, if a 10M Market Cap coin dips to 5M in a 1 second candle, it's very probable that it goes back up a certain amount (besides rugs and other specific things). Make sure to ease into it, as I usually trade larger amounts, mistakes can cost a lot. I've been running our drop trader for a while now, around a year, but it took me a few months to have 5 mil volume on sol on photon, and around the same on base ALL manual with photon while it was still possible. With our drop trader, I've been able to clear that within a week and have been running our drop trader for around a year. We've been doing this for a long time, and yet I still make mistakes, it's impossible not too, try to take those mistakes and learn from them so they don't repeat. Just be cautious and don't involve your feelings, stick to buying what your supposed to.
Summary
When you're using our bot, you're buying when a large price impact when someone else sells, usually it will go up because of how fast it happens, some tokens will dip more often then others based on how much of that token people hold. These dips happen so much just go look on the 1s chart of tokens that have a lot of volume. Depending on the amount of liquidity the token has, it will determine profit per trade, the more is generally better, same applies to volume. I can only tell you guys a threshold for your config settings cause every token is different. As time goes on and the more you look at tokens in this particular way, the better your skills will improve, this is not a plug and play kind of bot, there's a decent amount of micro managing. But once mastered is SUPER SUPER lucrative, we've been able to secure a lot of profit while running.
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