DimBoy

Summary of Evil Panda Strat from Advanced Bootcamp #7 video. The strategy involves using a wide range to capture fees from a coin dump and then selling those coins on the first bounce offered by the market. Please watch the video for a more detailed explanations of some of the steps. youtube.com/watch?v=L7SB__Nf… Part 1 - Coin Selection - Dexscreener Filter -> 250k MC & 1,000,000 24h Volume - Sort coins by Age - Ignore coins without picture or press the profile button - GMGN -> fees over 30, phising < 30%, Bundling < 60%, Insiders < 10%, Top10 < 30% Part 2 - Entry Criteria - Dexscreener Chart - Add Supertrend Indicator - On 15 mins chart - Wait for price to break above Supertrend before opening one sided SOL DLMM position, SPOT or Bid/Ask is up to you. - Generally use 80/100/125 bin pools, -86% to -94% range. Part 3 - Exit Criteria - Dexscreener Chart - Add Indicators, BB, MACD, RSI. - Change the RSI setting to 2 and upper limit to 90. - Wait for price to dump and we earn fees. - Exit signal is a confluence of at least 2 indicators. - Either RSI(2) close above 90 + Price closing above BB Upper line happening at the same time. - OR RSI(2) close above 90 + MACD first green histogram happening at the same time. Part 4 - Emotions - I prefer to only use the 15mins as it gives me time to do other stuffs and no need to keep watching the charts. If you want to play on 1min/5min charts it is up to you. Just know that there are more traps on those charts. - We want a dump to earn fees, so there is no need to panic when we see price dumping, we should feel happy instead as when the coin bounces we will earn from those token fees increasing in value. - Sometimes when the market is dry, there is no need to purposely find coins to DLMM, better to just do nothing until a good coin that passes all the filters appear. - Don't use emotions, when the strategy tells us to exit we exit, no need to overthink if you can get higher prices, such thinking will eventually lead to getting rekt. - If you made a mistake, admit it and cut the position even if at a loss. Remind yourself to never make the same mistake again. - Trading is a long game, don't over position, divide your portfolio into at least 6 positions, that was if one rugs you still have capital to make it back. - Increase positions as a reward, if you made a perfect day of trading without losses, you can increase positions next day. This way eventually you will only look for less risky plays. - Health is important, don't open positions after 6pm as you might have to babysit the position overnight, giving you bad sleep and lack of focus the next day, repeat it over a few days and you will make a costly mistake eventually. - The market will always be there, no need to rush taking all signals, take a break if you made a loss until tomorrow. Don't do revenge DLMM, losses tend to lead to more losses when emotions are involved. - Focus on being profitable to increase your confidence, a big loss will wreck mentality causing fear and self doubt. Remove emotions and just trade the strategy. @met_lparmy @MeteoraIDN @MeteoraAG