# 👍 Featured Smart Money
*\[*Featured *Smart Money] is a compilation of high-quality addresses directly recommended by platform users after in-depth testing. It is updated irregularly to reduce users' difficulty in choosing addresses, allowing for quick and easy experiences with direct recommendations.*
Quickly understand the data on the selected Smart Money wallet card. Here's a quick understanding:
1. On the far left of the wallet card is displayed the wallet's historical Profit/Winning Rate/ROI (Return on Investment) data. This helps us grasp the overall performance of the wallet, which can be combined with the distribution highlighted in red box 4 above. Red box 4 represents the overall profit trend chart of the address.
2. The part marked with red box 2 in the screenshot above shows the overall token trading performance of the wallet. It lists the number of tokens traded by the wallet that have multiplied by 5x, 20x, 50x, and 100x respectively, as well as their proportions relative to the total number of tokens traded. If a wallet has a significant number of tokens that have multiplied by over 50x, we should set high multiplier profit stops when following this wallet. Conversely, if previous tokens traded by the wallet have only yielded low multiples like 5x, we should adopt low multiplier profit stops when following this wallet. This approach allows us to maximize the benefits of following.
For details, refer to
{% content-ref url="/pages/09l5Jwq0WXZZBZhfqVkj" %}
[☂️ ProfitTaking/StopLoss](/logearn-tutorial/key-features/take_profit.md)
{% endcontent-ref %}
3. The part marked with red box 3 in the screenshot above represents the wallet's ability to participate in initial offerings (IDO). As everyone knows, meme tokens on the blockchain often see significant price increases. Therefore, if we buy these tokens right when they start trading, our profits can be maximized. The measure of a wallet's ability to participate in IDOs is defined as the proportion of meme tokens it buys within the first 5 blocks after the token starts trading (or block 0 for Ethereum). A higher proportion indicates a stronger ability of the address to participate in IDOs. When following such wallets, we can focus on IDOs of meme tokens (in the following strategy, choose only to buy tokens within 15 minutes of launch, and only follow buying actions while setting appropriate profit stop ratios).
4. The part marked with red box 5 in the screenshot above represents the integrated evaluation of the wallet's data by the system. This serves as a direct reference for understanding.
## After establishing a following strategy, here are additional considerations:
1. There is a significant difference in GAS fees between ETH and BASE chains. When initially experiencing following, it is advisable to use addresses on the BASE chain. Also, start with smaller following amounts, such as in the range of $5 to $10. Once you become more proficient, you can increase the amount or migrate to the Ethereum blockchain.
2. When establishing a following strategy, carefully read the tutorial on "How to Set Following Strategy Parameters". Setting appropriate profit stops is crucial; different addresses should have different profit stop strategies set accordingly.
{% content-ref url="/pages/vSR2KtpPMFVzemgVV1sn" %}
[🛫 Params of copying strategy](/logearn-tutorial/key-features/copy-trade-params.md)
{% endcontent-ref %}
{% content-ref url="/pages/09l5Jwq0WXZZBZhfqVkj" %}
[☂️ ProfitTaking/StopLoss](/logearn-tutorial/key-features/take_profit.md)
{% endcontent-ref %}
3. If you want to receive real-time trading notifications, you can bind the Telegram (TG) BOT.
{% content-ref url="/pages/GVRXvV8MejVeUZsEJbNF" %}
[🤖 Telegram Bot](/logearn-tutorial/guidebook/telegram-bot.md)
{% endcontent-ref %}
4. When first starting out, upon any transactions occurring, it's helpful to regularly check your own wallet and monitor the situation of the tokens purchased. This allows you to quickly get a feel for following. Additionally, if you are following multiple addresses, it's beneficial to periodically manage your wallet addresses by promptly selling underperforming tokens and holding onto promising tokens for longer periods.
5. It's inevitable to encounter tokens that turn out to be worthless or tokens that are withdrawn from liquidity. This is a normal occurrence. For understanding or managing these tokens, you can refer to
{% content-ref url="/pages/otC1fB3mmyqnqtcsB1V1" %}
[💩 What is HoneyPot or Liquidity-Remove?](/logearn-tutorial/key-features/honepot.md)
{% endcontent-ref %}
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