When following up on orders, it is important to do your homework and research.
山有木木木
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I have followed 60 trades on Binance, almost all of them have resulted in losses, and I'm about to lose 1000 oil. Recently, I've analyzed some top traders again.
Jiuhuang has a high total return rate, but the drawdown is too large. Followers need to have a very high risk tolerance to be profitable, and if the investment amount is small, slippage can force a liquidation, and that would be the end.
Guchangcheng, which might be a new account for Guchangsheng, anyway, I lost quite a bit following him before, but this new account is performing well. However, the drawdown is still high, and I'm a bit scared.
The return rate for catching tigers in caves is average, but very stable. I believe the most important aspect of trading cryptocurrencies is stability. Of course, the returns shouldn't be too low; otherwise, it's not worth it compared to spot trading. So currently, the only trader I follow is him.
I have followed many traders, whether on OKEx or Binance, and in the end, I lost every time. It reminds me of something a netizen once said: the truly skilled ones don’t really lead trades. 😂 While it may not apply universally, it is indeed true that most perform very inconsistently. Now, I look at traders' 90-day profit curves first. Something like Jiuhuang is very dangerous; you are very likely to follow at the peak and then face a sharp drop and liquidation.
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