Okay, so you're jumping into Solana trades with a bot, right? The biggest screw up I see? People connect their main wallet straight to some Telegram bot without a second thought. Boom-funds gone because some front running bot or MEV attack snipes your trade. Happened to a buddy last month. Lost 2 SOL on a "hot" meme coin because his buy got sandwiched. Don't do that. Instead, spin up a fresh wallet just for the bot. Fund it with like 0.5 SOL to start. Why? Limits the damage if shit hits the fan.
In my experience, this simple move saves headaches. Now, let's get you set up the right way.
Look, I usually stick with Trojan for quick tests. Setup's under a minute-no downloads. But test with tiny amounts first. Send 0.1 SOL, buy a shitcoin, sell it. See if it rugs or not.
Grab Phantom or whatever Solana wallet you like. But here's the thing-never use your daily driver. Create a new one.
What's next? Test the link. Check balance in bot dashboard. If it shows wrong, revoke and retry. Common glitch on mobile.
Sometimes Phantom glitches on desktop. Switch to mobile app. Or clear cache. Happened to me twice-frustrating as hell.
So you've got Trojan open. Dashboard stares back. Turbo speed? Yeah, crank it. Slippage at 3-4%. Why? Solana's fast, but memes pump 20% in seconds. Higher slippage = failed buys.
Buy menu: Paste token address or ticker. Set amount, like 0.1 SOL. Hit buy. Bot snipes at launch if you enable auto. But manual first. Watch it execute. Tx fee? Pennies.
Sell side same deal. Limit orders rock-set take profit at 2x, stop loss at -20%. Auto sells. Pretty much set it forget it.
| Setting | Beginner Pick | Why It Matters |
|---|---|---|
| Slippage | 3% | Too low? Tx fails. Too high? You overpay. |
| Speed | Turbo | Beats MEV bots by milliseconds. |
| Priority Fee | 0.0001 SOL extra | Validator picks your tx first. |
| Max Amount | 0.5 SOL/trade | No all ins. Risk 1-2% portfolio. |
Table's your cheat sheet. Tweak based on volatility. Pump.fun launches? Up slippage to 5%.
Ever buy a token and it dumps instantly? That's MEV bots. They see your tx in the mempool, front run with bigger buys, then dump on you. Slippage jumps 10-20% on $50k orders. Brutal.
How to fight back? Private RPCs. Free public ones lag 1-2 slots-game over. Paid ones like Helius or RPCFast sync perfectly. Costs ~$50/month, worth it for volume traders.
Priority fees: Add 0.0001-0.001 SOL. Your tx jumps queue. And bundle txs-pre sign buys/sells together. Less exposure.
Now, this is next level. Don't give bots full wallet access. Use Turnkey or similar for policies. I set one up last week-bot can't touch over 1 SOL or non USDC/SOL trades.
Steps real quick:
Here's a snippet I use:
const policy = { policyName: "Trade Limit", effect: "EFFECTALLOW", condition: "solana.tx.spltransfers.all(transfer, transfer.amount < 1000000000)"
};
Bot tries big trade? Denied. Saved my ass from a buggy loop once.
Okay, question: What's worse than a rug? Your bot DCA ing into a dead token. Set max drawdown at 10% daily. Hits? Pauses.
Per bot limit: 1-2% of stack. Cooldowns after losses-5 mins min. Grid bots? Wide spacing, cap capital at 5%.
In my experience, layering works: Stop loss + drawdown + manual override. Fees eat profits? Limit orders over market. Slippage drops 2-3%.
Forgetting SOL balance. Bot stalls. Fix: Auto check script pings if under 0.05 SOL.
Overcomplicating: Simple TP/SL first. Test on devnet.
Updates ignored: Bots patch rugs weekly. Telegram notifications on.
BirdEye API's gold. Free tier: Token lists, liquidity checks. Paid? Real time volume, MC filters.
I run this Python loop daily. Caught a 10x last week. Misses? Debug pretty print outputs.
Tired of 1% fees? Code one. Node.js + @solana/web3.js + Jupiter API.
Start small:
Security: Circuit breakers-pause on 5% loss streak. Audits? Self review first, then pro if big money.
Challenges? Slot sync. Monitor drift. Leader schedule awareness. Priority fees mandatory.
Deploy on VPS. $10/month DigitalOcean. Uptime 99%.
Morning: Check logs. Adjust filters for meta-meme season? Looser rugs.
Afternoon: Review P&L. Tweak slippage if volatile.
Night: Backtest strategies. BirdEye historicals free.
Sound familiar? It's grindy. But consistent 5-10% weekly? Pays off.
| Bot/Action | Fee | Pro Tip |
|---|---|---|
| Trojan Snipe | 1% | Volume tiers drop to 0.7% at 100 trades. |
| Banana Manual | 0.5% | Stack with priority fee: Total ~0.6%. |
| Network Tx | ~0.000005 SOL | 100 tx/day = 0.0005 SOL. Negligible. |
| Priority Fee | 0.0001 SOL | Boosts land rate 30%. |
Honestly, fees are low. Focus on win rate over nickel diming.
Token no sells in sim? Nope.
Dev wallet dumps 20%? Pause.
Bot lags 3+ slots? Switch RPC.
Your call. Trust gut over algo sometimes.