Content pfp
Content
@
https://warpcast.com/~/channel/no-channel
0 reply
0 recast
0 reaction

Robotandkid  pfp
Robotandkid
@robotandkid
Sniping bot win rate for the past 15 trades is 4/15, where a win is a trade with a 400% gain. The problem though is that 400%, believe it or not, is not that much money: * suppose each trade is $1. * You're in the hole for $15 (15 x $1). * If four of those 4x, you made 4 x $4 or $16. * Or just $1 in profit!!! (which is around a 6% return) * And note that most of those other coins tanked so you can't sell off most of the losses. You have no choice but to go big.... after the 5000% returns. The win rate now drops to 1/15. But profit is now a 200% total return. Sniping bot still has an issue where buy/sell transactions sell too much so need to investigate. Also, 15 trades is still a lot... on solana, minimum is $25 per trade to make gas fees negligible. So that's still a lot of initial up-front capital.
0 reply
0 recast
0 reaction