Define success before measuring it
Decide whether success means net realized P&L, consistency, drawdown control, repeatable trade quality, or another documented measure. Gross token movement is not profit.
Use an honest time window
Short windows favor recent winners and can hide inactive or failed wallets.
- Show start and end dates
- Require enough relevant trades
- Include inactive periods
- Avoid annualizing short results
Separate realized and unrealized outcomes
An unsold token needs a valuation and sufficient exit liquidity. Transfers can make cost basis incomplete. Unknown inventory should not be counted as free profit.
Study losses and drawdowns
Largest losses, losing streaks, concentration, and recovery time reveal behavior that win rate alone can hide.
Ask whether behavior can be followed
A wallet that enters before public attention, uses tiny illiquid tokens, or moves through related addresses may be impossible to copy at the displayed outcome.
Treat every ranking as conditional
Metrics depend on coverage and methodology. PumpCopy keeps public trader rankings unpublished until those quality gates are met.