TL;DR
- Copy with at least 5 SOL of net worth in your agent wallet
- Use the suggested Copy Percentage (your net worth ÷ the leader’s)
- Skip leaders whose average position age is under 18 minutes
- Keep the token filters on: Minimum Market Cap, Minimum 24h Volume, Minimum Holders and Jupiter Organic Score (50 or higher)
- Leave Meme Protection on and set a stop loss
- Start small, then scale once you trust the wallet
1. Copy With at Least 5 SOL of Net Worth
Every copied position pays a swap in, a swap back, and Solana fees and rent on both. That cost is roughly the same whether the position is 0.05 SOL or 5 SOL, while fee income grows with size. Below a certain size, a position can be a good trade for the leader and still lose you money. The copy dialog shows this advice at the bottom of the step list. It is a recommendation: nothing is blocked. Lowering your copy size doesn’t fix a small wallet, it just spreads the same fixed cost over less capital.2. Size From the Two Net Worths
Copy Percentage scales every leader position. To make each copy the same share of your wallet as it is of theirs:3. Research the Leader
On Smart LP and on the leader’s portfolio, check:- Avg age: wallets that hold for minutes make you pay the round trip on every flip. The copy dialog shows a High-frequency warning under 18 minutes.
- Win rate and EV: a high win rate with a negative EV means small wins and big losses.
- Fees vs profit: Smart LP already hides wallets whose fees are under 10% of their profit. Look for leaders whose profit is mostly fees.
- Token style: small caps (higher risk, higher reward) or big caps (steadier). Look at their open and closed positions.
- Strategies: DLMM leaders use Spot, Curve or Bid-Ask. In What to copy you can untick the strategies you don’t want to follow.
4. Filter the Tokens
In Settings > Security, set floors that every copy must pass:
Add tokens you never want to touch to the Blacklist. Copies that fail a filter show in Copy Logs with the reason.
Leave Meme Protection on in the copy dialog: it skips copies where the SOL, USDC or USDT side would be nearly empty. If a leader often pulls a token out and puts it back as that token alone, those re-adds get skipped too. Turn on Smart Token Retention for that leader (below) so they can go through.
5. Protect Your Capital
- Stop loss: set one in Exit rules. Around 15% is a common starting point. Too tight and normal price moves close you out, and every close pays swap and network costs.
- Fund protection: on the Copy LP page, set a loss limit for all your copies. It pauses new copies when your closed-copy losses hit the limit, while exits keep following your leaders. See Managing Your Copies.
- Smart Token Retention: for leaders who pull and re-add the same token within a minute, this can save a sell and a buy, and it lets those re-adds pass Meme Protection. It also means holding the token for a short time, so only use it where the stats in the dialog show frequent re-adds. When a fast wallet re-adds often, the High-frequency warning in Sizing says so and offers Turn on Smart Token Retention.
6. Start Small and Scale Gradually
- Test: start with a small copy percentage or a low max per transaction.
- Learn: copy for 1 to 2 weeks. Check Analysis and Copy Logs to see what was copied, skipped and why.
- Scale: raise the size on the wallets that work for you, and pause the ones that don’t.
Common Mistakes to Avoid
- Copying with a tiny agent wallet, where swap and network costs eat the fees
- Picking a copy percentage by feel instead of using the suggestion
- Keeping an old Max of 0, which copies nothing. The dialog marks it in red; clear the field or set a real amount
- Copying a high-frequency wallet and paying the round trip on every flip
- Turning off the token filters to get more copies
- Not checking Copy Logs when copies stop appearing. It is usually low balance or slippage, and the fix is one click away