What Do You Think About On Chain Wallet Tracking ?

Hi everyone,
I’ve been researching On-Chain Wallet Tracking and Copy-Trading using Telegram bots recently. The concept of finding insider/smart money wallets and automatically copying their trades sounds logically profitable, but I am well aware of the "cheese in a mousetrap" rule.
I want to know the harsh reality from people who have actually tried this. How often do you get trapped by whale manipulation (wash trading/honeypots)? Is it possible for a retail trader to make consistent short-term profits, or do MEV bots always eat your lunch? What are your experiences and honest thoughts? Thanks!